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Remembering the Holocaust got you all upset? Ranting from Bill in Rhode Island: How important was the Nazi enterprise for which President Bush's
father was the New York banker?
The 1942 U.S. government investigative report said that Bush's Nazi-
front bank was an interlocking concern with the Vereinigte Stahlwerke
(United Steel Works Corporation or German Steel Trust) led by Fritz
Thyssen and his two brothers. After the war, Congressional
investigators probed the Thyssen interests, Union Banking Corp. and
related Nazi units. The investigation showed that the Vereinigte
Stahlwerke had produced the following approximate proportions of
total German national output:
50.8% of Nazi Germany's pig iron
41.4% of Nazi Germany's universal plate
36.0% of Nazi Germany's heavy plate
38.5% of Nazi Germany's galvanized sheet
45.5% of Nazi Germany's pipes and tubes
22.1% of Nazi Germany's wire
35.0% of Nazi Germany's explosives. Prescott Bush became vice president of W.A. Harriman & Co. in 1926.
That same year, a friend of Harriman and Bush set up a giant new
organization for their client Fritz Thyssen, prime sponsor of
politician Adolf Hitler. The new German Steel Trust, Germany's
largest industrial corporation, was organized in 1926 by Wall Street
banker Clarence Dillon. Dillon was the old comrade of Prescott Bush's
father Sam Bush from the "Merchants of Death" bureau in World War
I.
In return for putting up $70 million to create his organization,
majority owner Thyssen gave the Dillon Read company two or more
representatives on the board of the new Steel Trust.
Thus there is a division of labor: Thyssen's own confidential
accounts, for political and related purposes, were run through the
Walker-Bush organization; the German Steel Trust did its corporate
banking through Dillon Read.
The Walker-Bush firm's banking activities were not just politically
neutral money-making ventures which happened to coincide with the
aims of German Nazis. All of the firm's European business in those
days was organized around anti-democratic political forces.
In 1927, criticism of their support for totalitarianism drew this
retort from Bert Walker, written from Kennebunkport to Averell
Harriman: "It seems to me that the suggestion in connection with
Lord Bearsted's views that we withdraw from Russia smacks somewhat of
the impertinent.... I think that we have drawn our line and should
hew to it." Averell Harriman met with Italy's fascist dictator, Benito Mussolini.
A representative of the firm subsequently telegraphed good news back
to his chief executive Bert Walker: "... During these last days ...
Mussolini ... has examined and approved our contract 15
June." The great financial collapse of 1929-31 shook America, Germany and
Britain, weakening all governments. It also made the hard-pressed
Prescott Bush even more willing to do whatever was necessary to
retain his new place in the world. It was in this crisis that certain
Anglo-Americans determined on the installation of a Hitler regime in
Germany.
W.A. Harriman & Co., well-positioned for this enterprise and rich in
assets from their German and Russian business, merged with the
British-American investment house, Brown Brothers, on January 1,
1931. Bert Walker retired to his own G.H. Walker & Co. This left the
Harriman brothers, Prescott Bush and Thatcher M. Brown as the senior
partners of the new Brown Brothers Harriman firm. (The London,
England branch of the Brown family firm continued operating under its
historic name--Brown, Shipley.) Robert A. Lovett also came over as a partner from Brown Brothers. His
father, E.H. Harriman's lawyer and railroad chief, had been on the
War Industries Board with Prescott's father. Though he remained a
partner in Brown Brothers Harriman, the junior Lovett soon replaced
his father as chief executive of Union Pacific Railroad.
Brown Brothers had a racial tradition that fitted it well for the
Hitler project! American patriots had cursed its name back in U.S.
Civil War days. Brown Brothers, with offices in the U.S.A. and in
England, had carried on their ships fully 75 percent of the slave
cotton from the American South over to British mill owners. Now in
1931, the virtual dictator of world finance, Bank of England Governor
Montagu Collet Norman, was a former Brown Brothers partner, whose
grandfather had been boss of Brown Brothers during the U.S. Civil
War. Montagu Norman was known as the most avid of Hitler's supporters
within British ruling circles, and Norman's intimacy with this firm
was essential to his management of the Hitler project.
In 1931, while Prescott Bush ran the New York office of Brown
Brothers Harriman, Prescott's partner was Montagu Norman's intimate
friend Thatcher Brown. The Bank of England chief always stayed at the
home of Prescott's partner on his hush-hush trips to New York.
Prescott Bush concentrated on the firm's German activities, and
Thatcher Brown saw to their business in old England, under the
guidance of his mentor Montagu Norman. groups.yahoo.com/group/energyresources/message/59977 Possibly material such as Bill's Rant could prompt you to rant as well. A couple of alternatives. You could note the source and simply shrug it off. You could reread sections of Major Barbara. In which case you'll really understand that the only thing to do is just shrug it off. |