Union Banking Corporation
- Union Banking Corporation
The Union Banking Corporation (UBC) was a banking corporation in the US whose assets were seized by the United States government during World War II under the Trading with the Enemy Act and Executive Order No. 9095. [cite web|url=http://www.archives.gov/iwg/declassified-records/rg-131-alien-property/rg-131-records-02.html
title=Records of the Office of the Alien Property Custodian
publisher=U.S. National Archives and Records Administration
accessdate=2008-10-01] [cite web|url=http://www.mbpolitics.com/Bush2000/VestingDetail.htm
title=Vesting Order Number 248
publisher=Federal Register (7 F.R. 5205)]
Founding
The UBC was founded in August 1924, with offices at 39 Broadway in New York City. The founding officers of the bank included Cornelis Lievense as President, Prescott Bush as a director, along with the following: ["New International Bank", "New York Times", Sep 10, 1924, p. 33]
*Johann G. Groeninger, managing director of the Halcyon shipping line of Rotterdam.
*E. Roland Harriman, brother and business partner of W. Averell Harriman.
*H. J. Kouwenhoven, managing director of the Bank voor Handel en Scheepvaart of Rotterdam.
*Samuel F. Pryor, Chairman of the Executive Committee of Remington Arms.
*J. P. Ripley, officer of W.A. Harriman & Co.
*J. D. Sawyer, officer of W.A. Harriman & Co.
Prescott Bush was, as of 1941, a director of the UBC with one share. Since Prescott Bush is the father and grandfather of two U.S. presidents, his involvement in the firm has drawn considerable interest from the media.
Cecil Adams has refuted claims that Prescott Bush was a Nazi, but provides evidence that companies that Bush was involved with did business with the Nazi, as did many other US corporations, including Standard Oil and General Motors. [cite web|url=http://www.straightdope.com/columns/read/2434/was-president-bushs-great-grandfather-a-nazi
title=Was President Bush's great-grandfather a Nazi?
author=Adams, Cecil
publisher=StraightDope.com
date=2003-02-14]
References
Wikimedia Foundation.
2010.
Look at other dictionaries:
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