more on Hitler & Bush

[Doug Millison]

...from a friend who forwarded it from the robert.lederman mailing list:


BOSTON GLOBE 4/23/2001
TRIUMPHS, TROUBLES SHAPE GENERATIONS
PRESCOTT BUSH PAVED MODERATE PATH FOR SON AND GRANDSON;
WOUNDED BY FRIEND'S BETRAYAL, HE PUT HIGH PRICE ON LOYALTY

Author: By Michael Kranish, Globe Staff Date: 04/23/2001 Page: A1 Section:
National/Foreign

AN AMERICAN DYNASTY
Last of two parts
"Prescott Bush was surely aghast at a sensational article the New York Herald
Tribune splashed on its front page in July 1942.
"Hitler's Angel Has 3 Million in US Bank," read the headline above a story
reporting that Adolf Hitler's financier had stowed the fortune in Union
Banking Corp., possibly to be held for "Nazi bigwigs."

Bush knew all about the New York bank: He was one of its seven directors. If
the Nazi tie became known, it would be a potential "embarrassment," Bush and
his partners at Brown Brothers Harriman worried, explaining to government
regulators that their position was merely an unpaid courtesy for a client.
The situation grew more serious when the government seized Union's assets
under the Trading with the Enemy Act, the sort of action that could have
ruined Bush's political dreams.

As it turned out, his involvement wasn't pursued by the press or political
opponents during his Senate campaigns a decade later. But the episode may
well have been one of the catalysts for a dramatic change in his life. Just
as the Union Banking story broke, Bush volunteered to be chairman of United
Service Organizations, putting himself on the national stage for the first
time. He traveled the country raising millions of dollars to help boost the
morale of US troops during World War II, enhancing his stature in a way that
helped him get elected US senator. A son and grandson would become
presidents."



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