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first rate, but he had a fine reputation. I shared in this general admiration of Dykstra. I thought he was fine. He would have been a good head of the NRA. There were several other people who were talked about for the spot. I'm not sure that Arthur Morgan, whom it was also fashionable to admire, wasn't also mentioned as among the people who might be the head of this NRA. They weren't calling it NRA then, but the new recovery administration.

General Johnson's name had appeared several times. Baruch said, “Tell me, is there anything at all to this rumor that the President is going to appoint Hugh as the head of this thing?”

I said, “I think there is, Mr. Baruch. I don't think it's settled, but I'm sure there's something to the rumor. I'm very certain that Hugh thinks that's what's going to happen. From what I hear from others, like McIntyre and others near the President, I guess that's what's going to happen. I haven't asked the President outright, ‘Are you going to appoint Johnson?', but I think that's what's going to happen.”

Baruch said to me, “You'd better interpose.”

I said, “Why should I interpose, Mr. Baruch?”

“Well,” he said, “Hugh isn't fit to be the head of that.”