The unraveling of the web of Bush-Harriman-Thyssen U.S. enterprises, all of which operated out of the same suite of offices at 39 Broadway under the supervision of Prescott Bush, began with a story that ran in the New York Herald-Tribune on July 30, 1942. By then, the U.S. had been at war with Germany for nearly eight months. “Hitler’s Angel Has $3 Million in U.S. Bank,” declared the headline. The lead paragraph characterized Fritz Thyssen as “Adolf Hitler’s original patron a decade ago.” In fact, the steel and coal magnate had aggressively supported and funded Hitler since October 1923, according to Thyssen’s autobiography, I Paid Hitler. In that book, Thyssen also acknowledges his direct personal relationships with Adolf Hitler, Joseph Goebbels and Rudolf Hess. The Herald-Tribune also cited unnamed sources who suggested Thyssen’s U.S. “nest egg” in fact belonged to “Nazi bigwigs” including Goebbels, Hermann Goering, Heinrich Himmler, or even Hitler himself. The “bank,” founded in 1924 by W. Averell Harriman on behalf of Thyssen and his Bank voor Handel en Scheepvaart N.V. of Holland, was Union Banking Corporation (UBC) of New York City. According to government documents, it was in reality a clearing house for a number of Thyssen-controlled enterprises and assets, including as many as a dozen individual businesses. UBC also bought and shipped overseas gold, steel, coal, and U.S. Treasury and war bonds. The company’s activities were administered for Thyssen by a Netherlands-born, naturalized U.S. citizen named Cornelis Lievense, who served as president of UBC. Roland Harriman was chairman and Prescott Bush a managing director. The Herald-Tribune article did not identify Bush or Harriman as executives of UBC, or Brown Brothers Harriman, in which they were partners, as UBC’s private banker. A confidential FBI memo from that period suggested, without naming the Bush and Harriman families, that politically prominent individuals were about to come under official U.S. government scrutiny as Hitler’s plunder of Europe continued unabated. After the “Hitler’s Angel” article was published Bush and Harriman made no attempts to divest themselves of the controversial Thyssen financial alliance, nor did they challenge the newspaper report that UBC was, in fact, a de facto Nazi front organization in the U.S. Instead, the government documents show, Bush and his partners increased their subterfuge to try to conceal the true nature and ownership of their various businesses, particularly after the U.S. entered the war. The documents also disclose that Cornelis Lievense, Thyssen’s personal appointee to oversee U.S. matters for his Rotterdam-based Bank voor Handel en Scheepvaart N.V., via UBC for nearly two decades, repeatedly denied to U.S. government investigators any knowledge of the ownership of the Netherlands bank or the role of Thyssen in it. UBC’s original group of business associates included George Herbert Walker, who had a relationship with the Harriman family that began in 1919. In 1922, Walker and W. Averell Harriman traveled to Berlin to set up the German branch of their banking and investment operations, which were largely based on critical war resources such as steel and coal. The Walker-Harriman-created German industrial alliance also included partnership with another German titan who supported Hitler’s rise, Friedrich Flick, who partnered with Thyssen in the German Steel Trust that forged the Nazi war machine. For his role in using slave labor and his own steel, coal and arms resources to build Hitler’s war effort, Flick was convicted at the Nuremberg trials and sentenced to seven years in prison.
Posted on: Wed, 03 Sep 2014 21:10:43 +0000
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