Plans of German industrialists to engage in underground activity after Germany’s defeat; flow of capital to neutral countries. | WHAT REALLY HAPPENED

Plans of German industrialists to engage in underground activity after Germany’s defeat; flow of capital to neutral countries.

Dr. Scheid stated that all industrial material in France was to be evacuated to Germany immediately. The battle of France was lost for Germany and now the defense of the Siegried Line was the main problem. From now on also German industry must realize that the war cannot be won and that it must take steps in preparation for a post-war commercial campaign. Each industrialist must make contacts and alliances with foreign firms, but this must be done individually and without attracting any suspicion. Moreover, the ground would have to be laid on the financial level for borrowing considerable sums from foreign countries after the war. As examples of the kind of penetration which had been most useful in the past, Dr. Scheid cited the fact that patents for stainless steel belonged to the Chemical Foundation, Inc., New York,
and the Krupp company of Germany jointly and that the U.S.
Steel Corporation, Carnegie Illinois, American Steel and Wire,
and national Tube, etc. were thereby under an obligation to
work with the Krupp concern. He also cited the Zeiss
Company, the Leisa Company and the Hamburg-American
Line as firms which had been especially effective in protecting
German interests abroad and gave their New York addresses to the industrialists at this meeting.

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