Mayor Giuliani Signs Bill Naming 25th Street 'Bernard Baruch Way'

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March 1, 2001
To: The Baruch Community

From: Jane Crotty, Director Community Relations & Economic Development

Re: Co-naming 25th Street, "Bernard Baruch Way"

The Mayor's Office issued the following press release on Monday, February 26, 2001:

MAYOR GIULIANI SIGNS BILL NAMING MANHATTAN'S STREET "BERNARD BARUCH WAY"

Remarks by Mayor Giuliani at Public Hearing on Local Laws

"The last bill before me, Introductory Number 847, sponsored by Council Members Lopez and Dear, would add the name "Bernard Baruch Way" to East 25th Street, between Third Avenue and Lexington Avenue, in Manhattan.

Bernard Baruch was born on August 19, 1870 in Camden, South Carolina. In 1881 the Baruchs moved to New York City. Mr. Baruch attended the City's public schools and he continued on to the College of the City of New York.

After graduating from college in 1889, Mr. Baruch worked his way up in the brokerage business, becoming a partner in the firm of A. A. Houseman and Company. He eventually bought a seat on the New York Stock Exchange and, by 1910, he was one of Wall Street's financial leaders.

Because of his knowledge of the nation's economy, President Wilson named Bernard to head the War Industry Board during World War 1. At the end of the war, he helped the President negotiate the peace agreements in Paris. He later served under Presidents Harding and Hoover, and was a member of President Franklin Roosevelt's "Brain Trust."

In 1953, City College's School of Business and Public Administration was named for Bernard Baruch. Unfortunately, Mr. Baruch passed away on June 20, 1965.

Because of his many contributions to his country, in wartime and in peacetime, it is fitting that East 25th Street, between Third and Lexington Avenue, be named "Bernard Baruch Way."

For the reasons previously stated, I will now sign the bill."