Event

Seizure of Union Banking Corporation, 1942

The Alien Property Custodian vested the stock of Union Banking Corporation in October 1942 under Vesting Order 248.

8 links, 3 backed by primary records

Connections 8

Office of Alien Property Custodian vested all the capital stock of Union Banking Corporation Primary record 1

Union Banking Corporation its capital stock was seized Primary record 1 2
Office of Alien Property Custodian issued Vesting Order 248 Primary record 1
Bank voor Handel en Scheepvaart the Dutch owner of all 4,000 shares Scholarship & press 2
E. Roland Harriman chairman; 3,991 of the 4,000 shares were registered in his name Scholarship & press 2
Prescott Bush one of seven directors, with one share in his name Scholarship & press 2
Brown Brothers Harriman the firm of two of the directors; it handled the bank’s financial transactions Scholarship & press 2

Wall Street and the Rise of Hitler the bank is named in Sutton’s book as a Thyssen-Harriman operation Scholarship & press 3

Timeline 1 date

Proof 3 sources

Office of Alien Property Records (RG 131): Vesting Orders and Vesting Order Case Files, U.S. National Archives, Nazi War Crimes Interagency Working Group. Primary record
During and after World War II the Office of Alien Property (OAP) held responsibility for assuming control over foreign-owned property in the United States
All of the capital stock of the Union Banking Corporation and all rights of the Bank voor Handel en Scheepvaart and the August Thyssen Bank in the debts of said corporation.
Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler, Associated Press (as republished by Fox News), 17 Oct 2003. Scholarship & press
Union Banking was seized by the government in October 1942 under the Trading with the Enemy Act
Union Banking was owned by a Dutch bank, Bank voor Handel en Scheepvaardt N.V.
The 4,000 Union Banking shares owned by the Dutch bank were registered in the names of the seven U.S. directors
E. Roland Harriman, the bank chairman and brother of former New York Gov. W. Averell Harriman
held 3,991 shares.
was one of seven directors of Union Banking Corp.
Bush had one share.
Both Harrimans and Bush were partners in the New York investment firm of Brown Brothers, Harriman and Co.
which handled the financial transactions of the bank
Wall Street and the Rise of Hitler, Seal Beach, California (scan on the Internet Archive), 1976. Scholarship & press
The Union Banking Corporation of New York City was a joint Thyssen-Harriman operation

Page history 1 change