Silesian-American Corporation
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Polish Invasion
With the invasion of Poland in September, 1939 by the Nazis, the taxation and labour dispute between the Polish government and the German-American ownership of "Consolidated Silesian Steel Corporation" was resolved. The major coal mining operations of "Consolidated Silesian Steel Corporation" were located near the Polish town of Oswiecim. When the plan to use Soviet prisoners as forced labor in the mines failed to materialize, the Nazis began shipping Jews, communists, Romanche (gypsies) and other minority populations to the camp they had set up. Auschwitz-Birkenau, Nazi Germany's largest concentration and extermination camp facility, was established by order of Reichsfuhrer SS Heinrich Himmler on 27 April 1940. I.G. Farben soon built a plant nearby to take advantage, not only of the nearby coal deposits but also of available slave labour. According to a Dutch intelligence agent, Prescott Bush managed a portion of the slave labor force in Poland. Nazi seizure of American assets was handled with the utmost care in the hope that America could be placated from joining the war. Control of American interests in CSSC and SAC between the Nazi invasion of Poland in 1939 and the investigations and seizure by the US government under the Trading With The Enemy Act in the autumn of 1942 is a murky picture at best and Bush's role in management of labour at Auschwitz has never been officially confirmed or denied.
http://www.straightdope.com/columns/030214.html by Cecil Adamsaddresses these claims with a great deal of skepticism. MORE...
http://en.wikipedia.org/wiki/Silesian-American_CorporationHeir to the Holocaust
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By 1934, Hindenberg was dead and Hitler completely controlled Germany. In March, Hitler announced his plans for a vast new highway system. He wanted to connect the entire Reich with an unprecedented wide road design, especially around major ports. Hitler wanted to bring down unemployment but, more importantly, needed the new roads for speedy military maneuvers. Hitler also wanted to seriously upgrade Germany's military machine. Hitler ordered a'"rebirth of the German army" and contracted Thyssen and United Steel Works for the overhaul. Thyssen's steel empire was the cold steel heart of the new Nazi war machine that led the way to World War II, killing millions across Europe.
Thyssen's and Flick's profits soared into the hundreds of millions in 1934
and the Bank voor Handel en Scheepvaart and UBC in New York were overflowingwith money. Prescott Bush became managing director of UBC and handled the day-to-day operations of the new German economic plan. Bush's shares in UBC peaked with Hitler's new German order. But while production rose, cronyism did as well.
On March 19, 1934, Prescott Bush handed Averell Harriman a copy of that
day's New York Times. The Polish government was applying to take over Consolidated Silesian Steel Corporation and Upper Silesian Coal and Steel Company from'"German and American interests" because of rampant "mismanagement, excessive borrowing, fictitious bookkeeping and gambling in securities." The Polish government required the owners of the company, which accounted for over 45% of Poland's steel production, to pay at least its full share of back taxes. Bush and Harriman would eventually hire attorney John Foster Dulles to help cover up any improprieties that might arise under investigative scrutiny.
Hitler's invasion of Poland in 1939 ended the debate about Consolidated Silesian Steel Corporation and Upper Silesian Coal and Steel Company. The Nazis knocked the Polish Government off Thyssen, Flick and Harriman's steel company and were planning to replace the paid workers. Originally Hitler promised Stalin they would share Poland and use Soviet prisoners as slaves in Polish factories. Hitler's promise never actually materialized and he eventually invaded Russia. More...
http://www.john-loftus.com/Thyssen.asp