Free Wall Street and the Rise of Hitler by Antony C. Sutton

Fabrik.
    Osram Gesellschaft, in which International General Electric had a 16 2/3rds direct interest, also had two directors on the A.E.G. board: Paul Mamroth and Heinrich Pferls. Osram contributed 40,000 RM directly to the Hitler fund. The Otto Wolff concern, Vereinigte Stahlwerke A-G, recipient of substantial New York loans in the 1920s, had three directors on the A.E.G. board: Otto Wolff, Henry Nathan and Jakob Goldschmidt. Alfred Krupp yon Bohlen, sole owner of the Krupp organization and an early supporter of Hitler, was a member of the Aufsichsrat of A.E.G. Robert Pferdmenges, a member of Himmler's Circle of Friends, was also a director of A, E.G.
    In other words, almost all of the German directors of German General Electric were financial supporters of Hitler and associated not only with A.E.G. but with other companies financing Hitler.
    Walter Rathenau 14 became a director of A,E.G. in 1899 and by the early twentieth century
    was a director of more than 100 corporations. Rathenau was also author of the" Rathenau Plan," which bears a remarkable resemblance to the "Swope Plan" — i.e., FDR's New Deal http://reformed-theology.org/html/books/wall_street/chapter_03.htm (6 of 13) [8/4/2001 9:44:13 PM]
    CHAPTER THREE: General Electric Funds Hitler
    but written by Swope of G.E.

    In other words, we have the extraordinay coincidence that the authors of New Deal-tike plans in the U.S. and Germany were also prime backers of their implementers: Hitler in Germany and Roosevelt in the U.S.
    Swope was chairman of the board of General Electric Company and International General Electric. In 1932 the American directors of A.E.G, were prominently connected with American banking and political circles as follows:
    GERARD
    Chairman of International General Electric
    SWOPE
    and
    president of General Electric Company,
    director of
    National City Bank (and other companies),
    director of A.E.G. and Osram in Germany.
    Author of
    FDR's New Deal and member of numerous
    Roosevelt organizations.
    Owen D. Young
    Chairman of board of General Electric, and
    deputy chairman, Federal Reserve Bank of
    New York. Author, with J. P, Morgan, of the
    Young Plan which superseded the Dawes
    Plan in 1929. (See Chapter One.)
    CLARK H. Minor President and director of International
    General Electric, director of British Thomson
    Houston, Compania Generale di Electtricita
    (Italy), and Japan Electric Bond & Share
    Company (Japan).
    In brief, we have hard evidence of unquestioned authenticity (see p, 56) to show that German General Electric contributed substantial sums to Hitler's political fund. There were four American directors of A.E.G. (Baldwin, Swope, Minor, and Clark), which was 80
    percent owned by International General Electric. Further, I.G.E. and the four American directors were the largest single interest and consequently had the greatest single influence in A.E.G. actions and policies. Even further, almost all other directors of A.E.G. were connected with firms (I. G. Farben, Accumulatoren Fabrik, etc.) which contributed directly
    — as firms — to Hitler's political fund. However, only the German directors of A.E.G were placed on trial in Nuremburg in 1945.
    Technical Cooperation with Krupp
    Quite apart from financial assistance to Hitler, General Electric extended its assistance to cartel schemes with other Hitler backers for their mutual benefit and the benefit of the Nazi state. Cemented tungsten carbide is one example of this G.E.-Nazi cooperation. Prior to November 1928, American industries had several sources for both tungsten carbide and tools and dies containing this hard-metal composition. Among these sources were the Krupp Company of Essen, Germany, and two American firms to which Krupp was then shipping http://reformed-theology.org/html/books/wall_street/chapter_03.htm (7 of 13) [8/4/2001 9:44:13 PM]
    CHAPTER THREE: General Electric Funds Hitler
    and selling, the Union Wire Die Corporation and Thomas Prosser & Son. In 1928 Krupp obligated