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This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 11:00UTC-4 : AST/EDT
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WOODROW WILSON (1856-1924) President of the United States. Treasurer of the United States, War Industries Board Check for one dollar Signed as President, “Woodrow Wilson.” Also signed as Chairman of the War Industries Board by BERNARD BARUCH (1870-1965) American financier, statesman and political consultant. Made payable to and signed as Disbursing Officer by E.K. Ellsworth. Washington, D.C. September 6, 1919. Accompanied by a Typed Letter Signed, “B.M. Baruch,” on his name-imprinted stationery One page, 7 3/4” x 9 3/4”. New York. February 4, 1935. Baruch writes E.K. Ellsworth, in part: “ Enclosed in a copy of a letter which I am sending to Senator James F. Byrnes of South Carolina. It is my recollection of the circumstance … Do you remember how much money I spent out of pocket to send the girls who were working in the War Industries Board home? …” Also accompanied by a copy of Baruch’s letter to Senator Byrnes. Three pages, 8 1/2” x 11”. The letter concerns money paid by Baruch to cover shortages in money allocated by the government relative to war-time expenses. The letter reads, in part: “ … the Foreign Mission saved many millions of dollars to the United States Government … As this Mission was about to sail, I was informed that there was very grave doubt as to whether the War Industries Board could pay the expenses. I thereupon furnished the money through my office. I think the total expenditure was about $61,000 … Our government benefitted many thousand-fold, but I had the great pleasure of being able to do something that had to be done and which was immensely more important than the money involved. I might also add that for my services to the Government during the War, and since then when I have been called before Committees or have lecture before the Army War College, I have never accepted either an honorarium or transportation fee …” The War Industries Board was established during WW I to coordinate the purchase of war supplies. Under the War Industries Board, U.S. industrial production increased by twenty percent. It was decommissioned by an executive order on January 1, 1919. A fine lot relative to the selfless actions of Baruch during his tenure on the War Industries Board with a equally nice association of President Wilson, Baruch and the Board’s dispersing agent, E.K. Ellsworth, on a check accomplished subsequent to the official suspension of the War Industries Board.. Usual folds. Some light toning to check. Minor paper loss to copy-letter. Overall Very Fine.
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