Germans -- United States; World War, 1914-1918 -- Secret service -- Germany
Two methods of stifling American production have not yet been
mentioned. The first was this: When a man began to make a
reputation as a chemist in an American-owned concern, he was
hired away to work for a German-owned factory. Salary was no
consideration; they simply bid the price required to get him. The
second method was: when an American chemist invented a new product
or a new process, and patented it, it was bought from him before it
could be commercially developed. Again price was no consideration.
The only instructions were: “Pay as little as you can, but get it.”
The operation of this system was the duty of Dr. Scheele and
Dr. Schweitzer. Reporting to them was at least one loyal
German chemist in every chemical factory in the United States;
dozens of them in the larger ones. At their disposal were the
resources of the Imperial German Government. These, too, were
made accessible through Dr. Heinrich Albert in German-American
banking and brokerage concerns, chiefly G. Amsinck & Company, the
Trans-Atlantic Trust Company, and Knauth, Nochode & Kuhne, of New
York, every one of them in reality a local American agency of
one or another of the imperially controlled banks of Germany and
Austria--such as the Reichsbank, the Disconto Gesellschaft, or the
Deutsche Bank.
The chief of these American branches was G. Amsinck & Company,
operating as commission merchants and private bankers. The head
of this concern was Adolf Pavenstedt, an accomplished man of the
world, a shrewd banker, and under the iron discipline of the
Kaiser’s military organization. Pavenstedt lived at the German Club
in Central Park South, in New York, took his vacations in Cuba in
the winter and the Berkshires in the summer, was received in the
best society in New York, passed easily in Wall Street as a man of
large personal fortune and of sound business judgment--altogether
a characteristic German hypocrite and government agent acting
under Dr. Albert and Bernstorff. He was a paymaster of Germany’s
nation-wide organization to control our industrial life, to spy
out our military plans, and to keep us powerless against the day
when Prussia should be ready to sweep the world. He was also the
financial go-between in the Bolo Pasha case. Fortunately, he has
now long been a resident of an Army internment camp.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account