WALL STREET: Lecture for a Senator

Before Senator J. William Fulbright's stock-market investigation committee last week appeared Bernard Mannes Baruch, a speculator who has made millions. Before he was 30, Bernie Baruch owned a seat on the Exchange, had made (and lost) more than $1,000,000. Forty years ago, when he was netting upwards of $2,000,000 yearly on Wall Street, Baruch used to say: "I am a speculator and make no apologies for it."

His imposing (6 ft. 3½ in.) frame still erect at 84, Speculator Baruch sat down to testify as the last committee witness. It was plain, as...

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