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Kirdorf
Goldschmidt
Krupp Nathan Direct Finance,
Klotzbach see p. 59
I.G. Farben Bucher Direct Finance,
Flechtheim see p. 57
von Rath
Allianz u. von Rath Reported, but not
Stuttgarten Verein Wolff substantiated
Phoenix Fahrenhorst see p. 57
Thyssen Fahrenhorst Direct Finance,
see p. 104
Demag Fahrenhorst see p. 57
Flick
Dynamit Flechtheim Through I.G. Farben
Gelsenkirchener Kirdorf Direct Finance,
Bergwerks Flechtheim see p. 57
International General Young Through A.E.G.,
Electric Swope see p. 52
Minor
Baldwin
American I.G. Farben von Rath Through I.G. Farben
see p. 47
International Bank H. Furstenberg Not known
(Amsterdam) Goldschmidt
Osram through A.E.G. directors. On the board of A.E,G., apart from the four American
directors (Young, Swope, Minor, and Baldwin), we find Pferdmenges of Oppenheim & Co.
(another Hitler financier), and Quandt, who owned 75 percent of Accumlatoren-Fabrik, a
major direct financier of Hitler. In other words, among the German board members of
A.E.G. we find representatives from several of the German firms that financed Hitler in the
1920s and 1930s.
General Electric and the Financing of Hitler
The tap root of modern corporate socialism runs deep into the management of two affiliated
multi-national corporations: General Electric Company in the United States and its foreign
associates, including German General Electric (A.E.G.), and Osram in Germany. We have
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CHAPTER THREE: General Electric Funds Hitler
noted that Gerard Swope, second president and chairman of General Electric, and Walter
Rathanau of A.E.G. promoted radical ideas for control of the State by private business
interests.
From 1915 onwards International General Electric (I.G.E.), located at 120 Broadway in
New York City, acted as the foreign investment, manufacturing, and selling organization for
the General Electric Company. I.G.E. held interests in overseas manufacturing companies
including a 25 to 30-percent holding in German General Electric (A.E.G.), plus holdings in
Osram G.m.b.H. Kommanditgesellschaft, also in Berlin. These holdings gave International
General Electric four directors on the board of A.E.G., and another director at Osram, and
significant influence in the internal domestic policies of these German companies. The
significance of this General Electric ownership is that A.E.G. and Osram were prominent
suppliers of funds for Hitler in his rise to power in Germany in 1933. A bank transfer slip
dated March 2, 1933 from A.E.G. to Delbruck Schickler & Co. in Berlin requests that
60,000 Reichsmark be deposited in the "Nationale Treuhand" (National Trusteeship)
account for Hitler's use. This slip is reproduced on page 56.
I.G. Farben was the most important of the domestic financial backers of Hitler, and (as
noted elsewhere) I.G. Farben controlled American I.G. Moreover, several directors of
A.E.G. were also on the board of I.G. Farben i.e., Hermann Bucher, chairman of A.E.G.
was on the I.G. Farben board; so were A.E.G. directors Julius Flechtheim and Walter von
Rath. I.G. Farben contributed 30 percent of the 1933 Hitler National Trusteeship (or
takeover) fund.
Walter Fahrenhorst of A.E.G. was also on the board of Phoenix A-G, Thyssen A-G and
Demag A-G and all were contributors to Hitler's fund. Demag A-G contributed 50,000
RM to Hitler's fund and had a director with A.E.G. the notorious Friedrich Flick, and
early Hitler supporter, who was later convicted at the Nuremberg Trials. Accumulatoren
Fabrik A-G was a Hitler contributor (25,000 RM, see page 60) with two directors on the
A.E.G. board, August Pfeffer and Gunther Quandt. Quandt personally owned 75 percent of
Accumulatoren 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 Rathenau14 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
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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
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CHAPTER THREE: General Electric Funds Hitler
and selling, the Union Wire Die Corporation and Thomas Prosser & Son. In 1928 Krupp
obligated itself to grant licenses under United States patents which it owned to the
Firth-Sterling Steel Company and to the Ludlum Steel Company. Before 1928, this tungsten
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