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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
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Young Plan which superseded the Dawes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
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
carbide for use in tools and dies sold in the United states for about $50 a pound.
The United States patents which Krupp claimed to own were assigned from Osram
Kommanditgesellschaft, and had been previously assigned by the Osram Company of
Germany to General Electric. However, General Electric had also developed its own
patents, principally the Hoyt and Gilson patents, covering competing processes for
cemented tungsten carbide. General Electric believed that it could utilize these patents
independently without infringing on or competing with Krupp patents. But instead of using
the G.E. patents independently in competition with Krupp, or testing out its rights under the
patent laws, General Electric worked out a cartel agreement with Krupp to pool the patents
of both parties and to give General Electric a monopoly control of tungsten carbide in the
United States.
The first step in this cartel arrangement was taken by Carboloy Company, Inc., a General [ Pobierz całość w formacie PDF ]