Lot 0039

Bernard Gimbel, Department Store Magnate, Congratulates

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Bernard Gimbel, Department Store Magnate, Congratulates

Item Details

Description

Business

Bernard Gimbel, Department Store Magnate, Congratulates Bernard Baruch on his Wartime Advisory Role

1p typed letter signed by American businessman Bernard Gimbel (1885-1966) as "Bernard F. Gimbel" at lower right. Written in New York City on November 23, 1943. on watermarked cream stationery with "Gimbel Brothers, Inc." letterhead. Expected paper folds and a few scattered staple holes at upper left, else near fine. 7.25" x 10.325". Accompanied by a typed transcript of the letter entitled "Bernard F. Gimbel / X Disc Vol 9 / Record #65 Gimbel" (possibly from an archival collection?). Also comes with a "World War II: 1939-1945" postal cover signed by Gimbel's correspondent, Bernard M. Baruch (1870-1965), as "BMBaruch" along the bottom. With four cancelled five-cent stamps featuring the Polish flag.

Bernard Gimbel, president of Gimbels Department Stores since 1926, congratulated "Bernie" on his recent promotion to the role of unofficial adviser to Franklin D. Roosevelt.

"Few things that have happened in past months have been as encouraging to the people of the country, and especially to businessmen, as your appointment to, and your acceptance of the tremendous job of making plans for the reconversion of the industrial life of the country to the situation which will develop when the war ends.

The delicate task of contract termination and the reconversion of our great industrial capacity to serve the peacetime needs of the people, is one which requires a master hand, and that hand the President has provided with your appointment..."

Gimbel, one of the most successful entrepreneurs in the nation, appreciated Baruch's expertise in finance and business, and trusted that this knowledge would inform Baruch's advice to the president. Bernard Baruch consulted with FDR about the American wartime economy, though he technically was not listed on the books.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.

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