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Prescott Bush (1895 - 1972) was a business man and an American politician , member of the Republican party and American senator of the Connecticut of 1953 with 1963.

He is regarded as the patriarch of the Famille Bush: his/her son George H.W. Bush and his grandson George W. Bush will be both elected officials presidents of the the United States, another of his grandsons Jeb Bush will be elected governor of Florida.

The origin of its fortune is discussed because acquired partly by making deals with the Nazi Germany, before the Second world war and the entry in war of the United States.

Origin and studies

Prescott Bush was born with Columbus (Ohio) the May 15th 1895, wire of Flora (born Sheldon) and Samuel P. Bush, the president of a company of Aciérie.

It made its studies with the Université Yale and took part in the First World War as artillery captain. It belonged to the secret society Skull and Bones (a legend of Yale claims that it would have exhumed cranium of Geronimo in 1918 to give it to the organization).

The August 6th 1921, it marries Dorothy Walker, the girl of the richissime George Herbert Walker. The couple will have five children (George H.W. Bush, Prescott Bush Jr, Jonathan Bush, William Bush, and Nancy Bush).

Professional path

In 1923, the young couple moves in with Columbus, in the State of the Ohio where Prescott works at Hupp Products Company without the experiment being really conclusive. He resigns to off take the direction of the sales of the company Stedman Products South Braintree.

In 1925, he becomes the director of the foreign department of United States Rubber Company and moves in Greenwich in the State of the Connecticut.

In 1926, it integrates Harriman Bank whose his/her father-in-law is joint owner at the side of Averell Harriman.

Into 1931, after fusion, Harriman Bank is transformed into Brown Brothers Harriman and Prescott becomes a associate with whole share about it.

Its professional position, its knowledge of and its friendship business world of Yale (and its relation with the old ones of Skull and Bones) go, according to its clean dires, to ensure its fortune. Thus it will sit at many and direction boards of directors of great financial and industrial groups.

The controversy on the financial bonds with the Nazi Germany

When the family Thyssen, of financial of Adolf Hitler, until in 1938, created the company Union Banking Corporation in 1924 in order to manage their investments in America, Prescott Bush was one of the seven directors of this bank whose it possedat only one Action as from 1934.

The report/ratio of the following Congress described Union Bank like a “interlocking trust” ( trust integrated ) with the German Steel Trust ( German Trust of steel ) responsible for the supplies of the German armament .

Union Bank was also implied in the collection of American pro-German funds and dealt with the illegal transfer of the air fuel technology which made possible the rebuilding of the Luftwaffe.

Coordination between Union Bank and German Steel trust was so close that Prescott spent some time in Europe at the end of the Années 1930 to supervise the mining operations in Poland.

The déclassifiés documents of the National Files and Records Administration, relating to the seizure of the actions of the Union Banking Corp., show that Prescott Bush did not have any relationship with the financial support brought by Thyssen with the Nazi party, and that its role within the Union Banking Corp. was only financial and not policy.

An article of July 1942 in one of the New York Platform on the bank of Prescott Bush, whose title was: “Hitler' S Angel has 3 million in US bank” ( the benefactor of Hitler - Fritz Thyssen - has 3 million in a US bank ), involved the investigation of the Congrès of the United States which made close the Union Banking Corp., but caused only one short interruption in personal and political successes of Prescott Bush.

The participations of Prescott Bush confiscated in October 1942) (during the Second world war) because of the Trading with the Enemy Act ( law on the trade with the enemy ) include/understand:

Union Banking Corp. (for Thyssen and Brown Brothers-Harriman)
Holland-American Trading Corporation (with Harriman)
the Seamless Steel Equipment Corporation (with Harriman)
Silesian-American Corporation (with Walker)

Political career

Of 1944 with 1956, Bush was one of the administrators of Yale.

Of 1947 with 1950, it chaired the committee of finances of the Republican party of Connecticut.

In 1950, it tries to be made elect with the Sénat of the United States but is beaten of only thousand votes by the outgoing senator William Benton.

In 1952, with its second attempt, it is elected senator of Connecticut to the Senate of the United States by beating Abraham A. Ribicoff. It takes again the seat of the late senator then James O' Brien McMahon.

It will sit at the Senate until January 1963 and will be an enthusiastic support and a personal friend of the president Dwight Eisenhower.

In 1956, in a speech, it defines what must be the control of the United States in the context of the Cold war and calls with the maintenance of a military and spiritual armed defense based on the patriotism and the belief in the American way off life , which will make it possible to gain the final battle.

After its departure of the Senate, it is withdrawn in its family residences with Long Island, State of New York, in Greenwich in Connecticut, Kennebunkport in the Maine, its plantation of South Carolina or in its private retirement of an island of Florida.

Richard Nixon will define Prescott Bush like her political mentor.

Prescott Bush died the October 8th 1972 with New York.

External bonds

an article on the bonds of Prescott Bush with German companies at the time of the Nazi Germany
Article of 2003 on the documents déclassifié of the public records
an article on the bonds of Prescott Bush with German companies at the time of the Nazi Germany, translated of an article of the '' British Guardian ''

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