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Reply #23: GOP -- Greedy Oil Perverts [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:03 AM
Response to Reply #1
23. GOP -- Greedy Oil Perverts
They weren't always that way. Time was when they actually put into action good programs. For instance: Abe Lincoln ended slavery, Teddy Roosevelt stood up to Big Money. Since then, though it's been a pretty steady rise of SOBs with authority to do great damage to our nation. Prescott Bush, for instance:



Sen. Prescott Bush helped sell President Dwight D. Eisenhower on the idea of creating the Interstate Highway System.



Brown Brothers and Company

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Brown Brothers Harriman, Union Banking Corporation, and Prescott Bush
Early in 1924, Hendrick J. Kouwenhoven, the managing director of Bank voor Handel en Scheepvaart, traveled to New York to meet with George Herbert Walker and the Harriman brothers. Together, they established The Union Banking Corporation. The UBC's headquarters was located at the same 39 Broadway address as Harriman & Co.

As the German economy recovered through the mid to late '20s, Walker and Harriman's firm sold over $50,000,000 worth of German bonds to American investors, who profited enormously from the economic boom in Germany. In 1926, August Thyssen died at the age of 84. Fritz Thyssen was now in control of one of the largest industrial families in Europe. He quickly created the United Steel Works (USW), the biggest industrial conglomerate in German history. Thyssen hired Albert Volger, one of the Ruhr's most influential industrial directors, as director General of USW.

Thyssen also brought Fredich Flick, another German family juggernaut, on board. Flick owned coal and steel industries throughout Germany and Poland and desperately wanted to invest into the Thyssen empire. One of the primary motivations for the Thyssen/Flick massive steel and coal merger was suppressing the new labor and socialist movements.

Also in 1924 in New York, George Walker decided to give his new son in law, Prescott Sheldon Bush, a big break. Walker made Bush a vice president of Harriman & Co. Prescott's new office employed many of his classmates from his Yale class of 1917, including Roland Harriman and Knight Woolley. The three had been close friends at Yale and were all members of Skull & Bones, the mysterious on-campus secret society. Despite the upbeat fraternity atmosphere at Harriman & Co., it was also a place of hard work, and no one worked harder than Prescott Bush.

In fact, Walker hired Bush to help him supervise the new Thyssen/Flick United Steel Works. One section of the USW empire was the Consolidated Silesian Steel Corporation and the Upper Silesian Coal and Steel Company located in the Silesian section of Poland. Thyssen and Flick paid Bush and Walker generously, but it was worth every dime. Their new business arrangement pleased them all financially, and the collective talents of all four men and their rapid success astonished the business world.

The great depression also rocked Harriman & Co. The following year, Harriman & Co. merged with the London firm Brown/Shipley. Brown/Shipley kept its name, but Harriman & Co. changed its name to Brown Brothers Harriman. The new firm moved to 59 Wall St. while UBC stayed at 39 Broadway. Averell Harriman and Prescott Bush reestablished a holding company called The Harriman 15 Corporation. One of the companies Harriman had held stock in was the Consolidated Silesian Steel Company. Two thirds of the company was owned by Friedrich Flick. The rest was owned by Harriman.

According to New York Times reporter Charles Higham, Hitler and the Fraternity of American businessmen "not only sought a continuing alliance of interests for the duration of World War II, but supported the idea of a negotiated peace with Germany that would bar any reorganization of Europe along liberal lines. It would leave as its residue a police state that would place the Fraternity in postwar possession of financial, industrial, and political autonomy."

CONTINUED...

http://www.sourcewatch.org/index.php?title=Brown_Brothe...



I remember a good Republican here in Michigan: William H. Milliken. The guy used his power to do good, making Michigan a leader in public education, jobs, etc. Thanks to Prescott's progeny, we may never see his type again.

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