Wall Street and the Rise of Hitler by Antony C. Sutton

Author:Antony C. Sutton [Sutton, Antony C.]
Language: eng
Format: epub, mobi
Tags: Investments & Securities, Investments; American, Political Science, Presidents & Heads of State, Economics, General, United States, Germany, Environmental Policy, Biography & Autobiography, International, Public Policy, Business & Economics, Economic History
ISBN: 9781568497266
Google: eHQjPwAACAAJ
Amazon: 1568497261
Publisher: Buccaneer Books
Published: 1976-01-02T06:00:00+00:00

Financing Hitler in the March 1933 General Election

Putting the Georg Bell-Deterding and the Thyssen-Harriman cases to one side, we now examine the core of Hitler's backing. In May 1932 the so-called "Kaiserhof Meeting" took place between Schmitz of I.G. Farben, Max Ilgner of American I.G. Farben, Kiep of Hamburg-America Line, and Diem of the German Potash Trust. More than 500,000 marks was raised at this meeting and deposited to the credit of Rudolf Hess in the Deutsche Bank. It is noteworthy, in light of the "Warburg myth" described in Chapter Ten that Max Ilgner of the American I.G. Farben contributed 100,000 RM, or one-fifth of the total. The "Sidney Warburg" book claims Warburg involvement in the funding of Hitler, and Paul Warburg was a director of American I.G. Farben22 while Max Warburg was a director of I.G. Farben.

There exists irrefutable documentary evidence of a further role of. international bankers and industrialists in the financing of the Nazi Party and the Volkspartie for the March 1933 German election. A total of three million Reichmarks was subscribed by prominent firms and businessmen, suitably "washed" through an account at the Delbruck Schickler Bank, and then passed into the hands of Rudolf Hess for use by Hitler and the NSDAP. This transfer of funds was followed by the Reichstag fire, abrogation of constitutional rights, and consolidation of Nazi power. Access to the Reichstag by the arsonists was obtained through a tunnel from a house where Putzi Hanfstaengel was staying; the Reichstag fire itself was used by Hitler as a pretext to abolish constitutional rights. In brief, within a few weeks of the major funding of Hitler there was a linked sequence of major events: the financial contribution from prominent bankers and industrialists to the 1933 election, burning of the Reichstag, abrogation of constitutional rights, and subsequent seizure of power by the Nazi Party.

The fund-raising meeting was held February 20, 1933 in the home of Goering, who was then president of the Reichstag, with Hjalmar Horace Greeley Schacht acting as host. Among those present, according to I.G. Farben's von Schnitzler, were:

Krupp von Bohlen, who, in the beginning of 1933, was president of the Reichsverband der Deutschen Industrie Reich Association of German Industry; Dr. Albert Voegler, the leading man of the Vereinigte Stahlwerke; Von Loewenfeld; Dr, Stein, head of the Gewerkschaft Auguste-Victoria, a mine which belongs to the IG.23

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