Herbert Walker And Prescott Bush
Funded And Directed The Military Industrial Complex
Behind Adolf Hitler And The Nazi Revolution
by Webster G. Tarpley and Anton Chaitkin
from George Bush: The Unauthorized Biography
grandfather of President George Walker Bush (Skull & Bones, 1968)
was Prescott Bush (Skull & Bones, 1917), and his great grand
father was George Herbert Walker. Prescott Bush and George Herbert
(Bert) Walker were directors of the London-affiliated New York banking
house of Brown Brothers-Harriman and its various fronts, which funded
and directed the military-industrial complex behind Hitler and the
In 1919, George Herbert Walker had organized W.A. Harriman & Co
which merged with the British Brown Brothers in 1931. In 1924, Averell
Harriman (Skull & Bones, 1913) and Fritz Thyssen, the German
industrialist who began funding Hitler in 1923, set up the Union
Banking Corp in New York to handle funds supplied to it through
Thyssen's Dutch bank for American investment. Prescott Bush, who had
been an officer of the W.A. Harriman bank since 1926, was a director
of the Union Banking Corp from 1934 through 1943. According to
government documents, "all of the shares of the Union Banking
Corp., were held for the benefit of members of the Thyssen
The federal government did not crack down on the Bush-Harriman/Nazi
operation until 1942. After the war, Congressional investigation
revealed that Fritz Thyssen's German Steel Trust, Germany's largest
industrial corporation [which interlocked with Union Banking
Corporation] produced a high percentage of Germany's national output
of metal products and explosives. Vesting Orders signed by the Office
of Alien Property Custodian, Leo T. Crowley, which were
"published in obscure government record books and kept out of the
news, explained nothing about the Nazis involved; only that the Union
Banking Corporation was run for the 'Thyssen family' of 'Germany
and/or Hungary'-- 'nationals...of a designated enemy country.'"
"In October 1942, ten months after entering World War II, America
was preparing its first assault against Nazi military forces. Prescott
Bush was managing partner of Brown Brothers Harriman. His 18-year-old
son George, the future U.S. President, had just begun training to
become a naval pilot. On Oct. 20, 1942, the U.S. government ordered
the seizure of Nazi German banking operations in New York City which
were being conducted by Prescott Bush.
"Under the Trading with the Enemy Act, the government took over
the 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 were owned by Prescott Bush, E. Roland 'Bunny' Harriman,
three Nazi executives, and two other associates of Bush. 1.
'E. Roland Harriman--3991 shares' [chairman and director of Union
Banking Corp. (UBC); this is 'Bunny' Harriman, described by Prescott
Bush as a place holder who didn't get much into banking affairs;
Prescott managed his personal investments]
'Cornelis Lievense--4 shares' [president and director of UBC; New York
resident banking functionary for the Nazis]
'Harold D. Pennington--1 share' [treasurer and director of UBC; an
office manager employed by Bush at Brown Brothers Harriman]
'Ray Morris--1 share' [director of UBC; partner of Bush and the
'Prescott S. Bush--1 share' [director of UBC, which was co-founded and
sponsored by his father-in-law George Walker; senior managing partner
for E. Roland Harriman and Averell Harriman]
'H.J. Kouwenhoven--1 share' [director of UBC; organized UBC as the
emissary of Fritz Thyssen in negotiations with George Walker and
Averell Harriman; managing director of UBC's Netherlands affiliate
under Nazi occupation; industrial executive in Nazi Germany; director
and chief foreign financial executive of the German Steel Trust]
'Johann G. Groeninger--1 share' [director of UBC and of its
Netherlands affiliate; industrial executive in Nazi Germany]
"all of which shares are held for the benefit of ... members of
the Thyssen family, [and] is property of nationals ... of a designated
"By Oct. 26, 1942, U.S. troops were under way for North Africa.
On Oct. 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. 2.
"U.S. forces landed under fire near Algiers on Nov. 8, 1942;
heavy combat raged throughout November. 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. In this action, the government
announced that it was seizing only the Nazi interests, leaving the
Nazis' U.S. partners to carry on the business. 3.
"These and other actions taken by the U.S. government in wartime
were, tragically, too little and too late. President Bush's family had
already played a central role in financing and arming Adolf Hitler for
his takeover of Germany; in financing and managing the buildup of Nazi
war industries for the conquest of Europe and war against the U.S.A.;
and in the development of Nazi genocide theories and racial
propaganda, with their well-known results.
"The facts presented here must be known, and their implications
reflected upon, for a proper understanding of President George Herbert
Walker Bush and of the danger to mankind that he represents. The
President's family fortune was largely a result of the Hitler project.
The powerful Anglo-American family associations, which later boosted
him into the Central Intelligence Agency and up to the White House,
were his father's partners in the Hitler project." 4.
How and to what extent did the Bush family direct the Hitler Project
from the 1920s until it was partially broken up in 1942? "In what
way were Hitler's Nazis themselves hired, armed and instructed by the
New York and London clique of which Prescott Bush was an executive
Equally germane is the question why? "How important was the Nazi
enterprise for which President Bush's father was the New York
banker?" What possible interest would George Herbert Walker and
Prescott Bush have had in overseeing the Nazi operation?
1. "The Rise of Hitler: The Reichstag Burns", The History
2. The Center for Democracy and Technology:
3. Quoting Concerned Citizens Opposed to Police States; The Phase III
Report Of The U.S. Commission On National Security/21st Century
4. Webster G. Tarpley and Anton Chaitkin,
George Bush: An Unauthorized Biography, Chapter II - The Hitler
Source: George Bush: The Unauthorized Biography
by Webster G. Tarpley and Anton Chaitkin
Funded Adolf Hitler
IraqWar.ru, August 26, 2003
Have you ever wondered how Adolph Hitler - a mediocre painter of
Austrian origin - transformed himself into Germany's Fuhrer during the
1930s and 1940s?
The Nazi phenomenon was no historical coincidence, and far less a
philosophical whim made real by just one man. Nazism had its
followers, many of them exceptionally wealthy, veritable alchemists of
the financial world back then.
According to research carried out over the last few years, Wall Street
bankers (amongst others) financed Hitler's rise to power whilst making
large profits at the same time. What is yet still more deplorable is
the fact that relatives of the current U.S. president were amongst
this group of individuals.
U.S. authors Webster G. Tarpley and Anton Cheitkin reveal in the
recently published George Bush: The Unauthorized Biography that
Prescott Bush (George W. Bush's grandfather) and other directors of
the Union Banking Company (UBC) were Nazi collaborators.
The book relates how in 1922 - when national socialism was emerging -
railroad impresario W. Averell Harriman traveled to Berlin and
interviewed the Thyssen family with a view to founding a German-U.S.
bank. The Thyssens were already behind-the-scenes owners of several
financial institutions that allowed them to transfer their money from
Germany to the Netherlands and from there onto the United States.
The banks in question were the August Thyssen Bank whose headquarters
were located in Berlin; the Bank voor Handel (Netherlands) and the
Union Banking Corporation (New York). At the beginning of the 1920s,
one of the members of this family, Fritz Thyssen - author of I Paid
Hitler - contributed some $25,000 USD to the recently formed German
National Socialist Workers' Party, becoming the prime and most
important financier of the Fuhrer in his ascent to power.
According to the book's authors, Thyssen was fascinated by Hitler,
citing his talent as a public speaker and his ability to lead the
masses. However, what impressed him most was the order that prevailed
at his rallies and the almost military discipline of his followers.
And so, in 1931 Thyssen joined the Nazi party, becoming one of the
most powerful members of the Nazi war machine.
At that time, the magnate presided over the German Steel Trust, a
steel industry consortium founded by Clarence Dillon, one of Wall
Street's most influential men. One of Dillon's most trustworthy
collaborators was Samuel Bush: Prescott's father, George Senior's
grandfather and great-grandfather of the current U.S. president George
In 1923, Harriman and the Thyssens decided to set up a bank and
appointed George Herbert Walker - Prescott's father-in-law - as
president. Later, in 1926, they established the Union Banking
Corporation (UBC) with Prescott Bush at the helm. That same year, he
was also named vice president and partner at Brown Brothers Harriman.
Both firms allowed the Thyssens to send money to the United States
from Germany via the Netherlands.
U.S. economist Victor Thorn has noted that although a large number of
other corporations aided the Nazis (such as Standard Oil and
Rockefeller's Chase Bank, as well as U.S. automobile manufacturers)
Prescott Bush's interests were much more profound and sinister.
Thorn adds that UBC became a secret channel to protect Nazi capital
leaving Germany for the United States via the Netherlands. When the
Nazis needed to retrieve their funds, Brown Brothers Harriman sent
them directly to Germany.
In this way, UBC received money from the Netherlands and Brown
Brothers Harriman sent it back. And who was on the executive of both
of these companies? Prescott Bush himself, the Nazis' first money
In their book, Tarpley and Chaitkin explain that in this way a
significant part of the Bush family's financial base is related to
supporting and aiding Adolph Hitler. Therefore, the current U.S.
president, just like his father (former CIA director, vice president
and president) reached the peak of the U.S. political hierarchy thanks
to his great-grandfather and grandfather and generally his entire
family, who financially aided and encouraged the Nazis.
Some time later, in October 1942, the U.S. authorities confiscated
Nazi bank funds from the New York UBC, whose then president was
Prescott. The firm was condemned as a financial and commercial
collaborator with the enemy and all its assets were seized.
Later, the U.S. government also ordered the seizure of the assets of a
further two leading financial agencies directed by Prescott through
the accounts of the Harriman banking institution: the Holland-America
Trading Corporation (a U.S.-Dutch commercial firm) and the Seamless
Steel Equipment Corporation.
Then on November 11, 1942, an embargo was imposed on the
Silesian-American Corporation - another firm headed by Bush and Walker
- under the same Trading with the Enemy Act.
However, in 1951, the embargo was lifted and the enterprising
businessman recovered some $1.5 million USD, earmarked for new
investments largely to swell the Bush family's patrimony.
To this should be added a resumé of files belonging to Dutch and U.S.
information services confirming the direct links between Prescott
Bush, the German Thyssen family and the blood money of a group of rich
U.S. families from the Second World War.
Tarpley and Chaitkin affirm that the great financial crash of
1929-1931 affected the United States, Germany and Britain, weakening
their respective governments. At the same time, Prescott Bush became
even more diligent, still more desirous of doing everything that was
necessary to safeguard his place in the world. It was during this
crisis that some members of the Anglo-U.S wealthy class supported the
installation of Hitler's regime in Germany.
To sum up, the authors categorically state that the Bush family's
fortune arose as a result of its unconditional support for Adolph
Hitler's political project.
The UBC, under Prescott Bush's direction and with the long-term
cooperation of Fritz Thyssen's German Steel Trust participated in the
emergence, preparation and financing of the Nazi war machine through
the manufacture of armored vehicles, fighter planes, guns and
The Bush family's habit of dominating territories and wealth is
nothing new. Their fascist genes were generated during the 1930s.
Therefore defining the occupation of Afghanistan and Iraq and the
threats to other countries as a continuance of blitzkreig offensives
as fascist is no blunder. Neither is convening an anti-fascist front
is a rhetorical exercise.