(Excerpt from PRESCOTT BUSH & NAZIS, 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.
