Meticulous research, including U.S. government records from the era, along with contemporaneous news stories from the New York Times and other papers are presented in the 1992 book entitled, "George Bush, The Unauthorized Biography" by Webster G. Tarpley & Anton Chaitkin, Published by The Executive Intelligence Review and located at
http://www.tarpley.net/bushb.htm.
The following is sourced entirely from Chapter II of this work.
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George W. Bush's grandfather, Prescott Bush, was the Managing Director of the investment bank Brown Brothers, Harriman from the 1920s through the 1940s. It was Brown Brothers, in conjunction with Averell Harriman, the Rockefeller family, Standard Oil, the DuPonts, the Morgans and the Fords which served as the principal funding arm in helping to finance Adolph Hitler's rise to power starting in 1923. This included direct funding for the SS and SA channeled through a variety of German firms. Through associations with the Hamburg-Amerika Steamship line, Nazi Banker Fritz Thyssen (pronounced Tee- sen), Standard Oil of Germany, The German Steel Trust (founded by Dillon Read founder, Clarence Dillon), and I.G. Farben, Prescott Bush used the Union Bank Corporation to funnel vast quantities of money to the Nazis and to manage their American interests. The profits from those investments came back to Bush allies on Wall Street. Thyssen is universally regarded as having been Hitler's private banker and ultimate owner of the Union Bank Corporation.
Early support for Hitler came from Prescott Bush through the Hamburg- Amerika line -- also funded by Brown Bothers -- that funneled large sums of money and weapons to Hitler's storm troopers in the 1920s.
"In May 1933, just after the Hitler regime was consolidated, an agreement was reached in Berlin for the coordination of all Nazi commerce with the U.S.A. The Harriman International Company. was to head a syndicate of 150 firms and individuals, to conduct all exports from Hitler Germany to the United States."
According to Tarpley and Chaitkin a 1942 U.S. government investigative report that surfaced during 1945 Senate hearings found that the Union Bank, with Prescott Bush on the board, was an "interlocking concern" with the German Steel Trust that had produced:
50.8% of Nazi Germany's pig iron
41.4% of Nazi Germany's universal plate
36% 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% of Nazi Germany's explosives
The business relationships established by Bush in 1923 continued even after the war started until they became so offensive and overt as to warrant seizure by the U.S. government under the Trading with the Enemy Act in 1942.
In 1942, "Under the Trading with the Enemy Act, the government took over Union Banking Corporation, in which Bush was a director. The U.S. Alien Property Custodian seized Union Banking Corp.'s stock shares.
". all of which shares are held for the benefit of. members of the Thyssen family, [and] is property of nationals. of a designated enemy country."
"On October 28, the government issued orders seizing two Nazi front organizations run by the Bush-Harriman bank: the Holland-American Trading Corporation and the Seamless Steel Equipment Corporation."
"Nazi interests in the Silesian-American Corporation, long managed by Prescott Bush and his father in law George Herbert Walker, were seized under the Trading with the Enemy Act on Nov. 17, 1942." These seizures of Bush businesses were reported in a number of American papers including The New York Times and The Wall Street Journal.
Prescott Bush went on to become an influential Republican Senator from Connecticut who went on to be a regular golfing partner of President Dwight Eisenhower. His attorneys were the lawyers John Foster and Allen Dulles, the later became the CIA Director under Eisenhower.
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and... a random newspaper article from the Boston Globe, telling the same story...
Quote:
BOSTON GLOBE 4/23/2001
By Michael Kranish, Globe Staff
TRIUMPHS, TROUBLES SHAPE GENERATIONS
PRESCOTT BUSH PAVED MODERATE PATH FOR SON AND GRANDSON;
AN AMERICAN DYNASTY Last of two parts "Prescott Bush was surely aghast at a sensational article the New York Herald Tribune splashed on its front page in July 1942. "Hitler's Angel Has 3 Million in US Bank,"read the headline above a story reporting that Adolf Hitler's financier had stowed the fortune in Union Banking Corp., possibly to be held for "Nazi bigwigs."
Bush knew all about the New York bank: He was one of its seven directors. If the Nazi tie became known, it would be a potential "embarrassment,"Bush and his partners at Brown Brothers Harriman worried, explaining to government regulators that their position was merely an unpaid courtesy for a client. The situation grew more serious when the government seized Union's assets under the Trading with the Enemy Act, the sort of action that could have ruined Bush's political dreams.
As it turned out, his involvement wasn't pursued by the press or political opponents during his Senate campaigns a decade later. But the episode may well have been one of the catalysts for a dramatic change in his life. Just as the Union Banking story broke, Bush volunteered to be chairman of United Service Organizations, putting himself on the national stage for the first time. He traveled the country raising millions of dollars to help boost the morale of US troops during World War II, enhancing his stature in a way that helped him get elected US senator. A son and grandson would become presidents."
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