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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. Note #9
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 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." Note #1 Note #0
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 c[o]ntract 15 June." Note #1 Note #1
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 exexcutive 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 Civil War days.
Brown Brothers, with offices in the U.S.A. and in Engla nd, had carried on
their ships fully 75 percent of the slave cotton from the American South
over to British mill owners; through their usurious credit they controlled
and manipulated the slave-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 actitivites, and Thatcher Brown saw to their business in
old England, under the guidance of his mentor Montagu Norman. Note #1 Note
#2
3. Hitler's Ladder to Power
Adolf Hitler became Chancellor of Germany January 30, 1933, and absolute
dictator in March 1933, after two years of expensive and violent lobbying
and electioneering. Two affiliates of the Bush-Harriman organization played
great parts in this criminal undertaking: Thyssen's German Steel Trust; and
the Hamburg-Amerika Line and several of its executives. Note #1 Note #3
Let us look more closely at the Bush family's German partners.
"Fritz Thyssen" told Allied interrogators after the war about some of his
financial support for the Nazi Party: "In 1930 or 1931 ... I told [Hitler's
deputy Rudolph] Hess ... I would arrange a credit for him with a Dutch bank
in Rotterdam, the Bank fussaur Handel und Schiff [i.e. Bank voor Handel en
Scheepvaart (BHS), the Harriman-Bush affiliate]. I arranged the credit ...
he would pay it back in three years.... I chose a Dutch bank because I did [ Pobierz całość w formacie PDF ]

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