Bush family : Nazi Dealings Continued Until 1951


Richard Moore


National News 

"Bush - Nazi Dealings Continued Until 1951" - Federal

By John Buchanan and Stacey Michael 
from The New Hampshire Gazette Vol. 248, No. 3, 
November 7, 2003  [oldest American newspaper]

After the seizures in late 1942 of five U.S. enterprises
he managed on behalf of Nazi industrialist Fritz Thyssen,
Prescott Bush, the grandfather of President George W.
Bush, failed to divest himself of more than a dozen "enemy
national" relationships that continued until as late as
1951, newly-discovered U.S. government documents reveal.

Furthermore, the records show that Bush and his colleagues
routinely attempted to conceal their activities from
government investigators.

Bush's partners in the secret web of Thyssen-controlled
ventures included former New York Governor W. Averell
Harriman and his younger brother, E. Roland Harriman.
Their quarter-century of Nazi financial transactions, from
1924-1951, were conducted by the New York private banking
firm, Brown Brothers Harriman.

The White House did not return phone calls seeking

Although the additional seizures under the Trading with
the Enemy Act did not take place until after the war,
documents from The National Archives and Library of
Congress confirm that Bush and his partners continued
their Nazi dealings unabated. These activities included a
financial relationship with the German city of Hanover and
several industrial concerns. They went undetected by
investigators until after World War Two.

At the same time Bush and the Harrimans were profiting
from their Nazi partnerships, W. Averell Harriman was
serving as President Franklin Delano Roosevelt's personal
emissary to the United Kingdom during the toughest years
of the war. On October 28, 1942, the same day two key
Bush-Harriman-run businesses were being seized by the U.S.
government, Harriman was meeting in London with Field
Marshall Smuts to discuss the war effort.

Denial and Deceit

While Harriman was concealing his Nazi relationships from
his government colleagues, Cornelius Livense, the top
executive of the interlocking German concerns held under
the corporate umbrella of Union Banking Corporation (UBC),
repeatedly tried to mislead investigators, and was
sometimes supported in his subterfuge by Brown Brothers

All of the assets of UBC and its related businesses
belonged to Thyssen-controlled enterprises, including his
Bank voor Handel en Scheepvaart in Rotterdam, the
documents state.

Nevertheless, Livense, president of UBC, claimed to have
no knowledge of such a relationship. "Strangely enough,
(Livense) claims he does not know the actual ownership of
the company," states a government report.

H.D Pennington, manager of Brown Brothers Harriman and a
director of UBC "for many years," also lied to
investigators about the secret and well-concealed
relationship with Thyssen's Dutch bank, according to the

Investigators later reported that the company was "wholly
owned" by Thyssen's Dutch bank.

Despite such ongoing subterfuge, U.S. investigators were
able to show that "a careful examination of UBC's general
ledger, cash books and journals from 1919 until the
present date clearly establish that the principal and
practically only source of funds has been Bank voor Handel
en Scheepvaart."

In yet another attempt to mislead investigators, Livense
said that $240,000 in banknotes in a safe deposit box at
Underwriters Trust Co. in New York had been given to him
by another UBC-Thyssen associate, H.J. Kouwenhoven,
managing director of Thyssen's Dutch bank and a director
of the August Thyssen Bank in Berlin. August Thyssen was
Fritz's father.

The government report shows that Livense first neglected
to report the $240,000, then claimed that it had been
given to him as a gift by Kouwenhoven. However, by the
time Livense filed a financial disclosure with U.S.
officials, he changed his story again and reported the sum
as a debt rather than a cash holding.

In yet another attempt to deceive the governments of both
the U.S. and Canada, Livense and his partners misreported
the facts about the sale of a Canadian Nazi front
enterprise, La Cooperative Catholique des Consommateurs de
Combustible, which imported German coal into Canada via
the web of Thyssen-controlled U.S. businesses.

"The Canadian authorities, however, were not taken in by
this maneuver," a U.S. government report states. The coal
company was later seized by Canadian authorities.

After the war, a total of 18 additional Brown Brothers
Harriman and UBC-related client assets were seized under
The Trading with the Enemy Act, including several that
showed the continuation of a relationship with the Thyssen
family after the initial 1942 seizures.

The records also show that Bush and the Harrimans
conducted business after the war with related concerns
doing business in or moving assets into Switzerland,
Panama, Argentina and Brazil - all critical outposts for
the flight of Nazi capital after Germany's surrender in
1945. Fritz Thyssen died in Argentina in 1951.

One of the final seizures, in October 1950, concerned the
U.S. assets of a Nazi baroness named Theresia Maria Ida
Beneditka Huberta Stanislava Martina von Schwarzenberg,
who also used two shorter aliases. Brown Brothers
Harriman, where Prescott Bush and the Harrimans were
partners, attempted to convince government investigators
that the baroness had been a victim of Nazi persecution
and therefore should be allowed to maintain her assets.

"It appears, rather, that the subject was a member of the
Nazi party," government investigators concluded.

At the same time the last Brown Brothers Harriman client
assets were seized, Prescott Bush announced his Senate
campaign that led to his election in 1952.

Investigation Investigated?

In 1943, six months after the seizure of UBC and its
related companies, a government investigator noted in a
Treasury Department memo dated April 8, 1943 that the FBI
had inquired about the status of any investigation into
Bush and the Harrimans.

"I gave 'a memorandum' which did not say anything about
the American officers of subject," the investigator wrote.
"(Another investigator) wanted to know whether any
specific action had been taken by us with respect to

No further action beyond the initial seizures was ever
taken, and the newly-confirmed records went unseen by the
American people for six decades.

What Does It All Mean?

So why are the documents relevant today?

"The story of Prescott Bush and Brown Brothers Harriman is
an introduction to the real history of our country," says
L.A. art book publisher and historian Edward Boswell. "It
exposes the money-making motives behind our foreign
policies, dating back a full century. The ability of
Prescott Bush and the Harrimans to bury their checkered
pasts also reveals a collusion between Wall Street and the
media that exists to this day."

Sheldon Drobny, a Chicago entrepreneur and philanthropist
who will soon launch a liberal talk radio network, says
the importance of the new documents is that they prove a
long pattern of Bush family war profiteering that
continues today via George H.W. Bush's intimate
relationship with the Saudi royal family and the bin
Ladens, conducted via the super-secret Carlyle Group,
whose senior advisers include former U.S. Secretary of
State James A. Baker III.

In the post-9/11 world, Drobny finds the Bush-Saudi
connection deeply troubling. "Trading with the enemy is
trading with the enemy," he says. "That's the relevance of
the documents and what they show."

Lawrence Lader, an abortion rights activist and the author
of more than 40 books, says "the relevance lies with the
fact that the sitting President of the United States would
lead the nation to war based on lies and against the
wishes of the rest of the world." Lader and others draw
comparisons between President Bush's invasion of Iraq and
Hitler's occupation of Poland in 1939 - the event that
sparked World War Two.

However, others see an even larger significance.

"The discovery of the Bush-Nazi documents raises new
questions about the role of Prescott Bush and his
influential business partners in the secret emigration of
Nazi war criminals, which allowed them to escape justice
in Germany," says Bob Fertik, co-founder of Democrats.com
and an amateur 'Nazi hunter.' "It also raises questions
about the importance of Nazi recruits to the CIA in its
early years, in what was called Operation Paperclip, and
Prescott Bush's role in that dark operation."

Fertik and others, including former Justice Department
Nazi war crimes prosecutor John Loftus, a Constitutional
attorney in Miami, and a former Veterans Administration
official, believe Prescott Bush and the Harrimans should
have been tried for treason.

What Next?

Now, say Fertik and Loftus, there should be a
Congressional investigation into the Bush family's Nazi
past and its concealment from the American people for 60

"The American people have a right to know, in detail,
about this hidden chapter of our history," says Loftus,
author of The Secret War Against the Jews. "That's the
only way we can understand it and deal with it."

For his part, Fertik is pessimistic that even a
Congressional investigation can thwart the war
profiteering of the present Bush White House. "It's
impossible to stop it," he says, "when the worst war
profiteers are George W. Bush and Dick Cheney, who operate
in secrecy behind the vast powers of the White House."


John Buchanan is a journalist and magazine writer based in
Miami Beach. He can be reached by e-mail at

Stacey Michael is a New Orleans-based journalist and the
author of Religious Conceit. His most recent book is
Weapons of Mass Dysfunction: The Art of "Faith-Based"
Politics, due in early 2004. He can be reached by email at



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