HARD CASH

Grey River Argus, 6 October 1945, Page 8

HARD CASH

BACKS SOFT PEACE U.S.-BRITISH STAKE IN JAPAN Strongest backers of the soft peace for s’apan are America’s politically powerful ruling families of bankers and industrialists, who have shares in Japanese monopolies, own branch factories and bonds in Japan. Nationalisation and war-guilty Japanese super-trusts, like Mitsui, Mitsubishi, Okura, Sumitomo and Yasuda, would affect interests of America’s biggest corporations, and Allied European corporations. Hirohito, who provides the governmental facade for the Big Five Japanese monopolies, is a financial ally of the foreign imperialists investors. The Emperor, too, has investments in Mitsui, Mitsubishi and other warmaking Japanese trusts. Among Hirohito’s investments are 300 million yen in the Bank of Japan, in the South Manchuria Railway, Yokohama Specie Bank, Nippon Yusen Kaisha (Mitsubishi shipping line), the Tokyo Imperial Hotel (Okura interest) and the biggest Mitsubishi factories. RULING FAMILIES. American ruling families now fighting hard to retain the Japanese monopolist structure, in which they have a strong vested interest include:— Fords. —Henry Ford is wealthiest American, donated to Nazi Party, hires anti- union thugs and spies, has links with German I.G. Farben (Edsel Ford was director of American LG.); I.G. owned 15 per cent. of Ford’s Cologne plant (unbombed). Du Ponts.—Second wealthiest U.S. family after Fords, in explosive cartel with Britain’s 1.C.1. and Nazi I.G. Farben Du Font economic empire helped to arm Hitler and Japan, betrayed military secrets to Axis, financed native U.S. Fascist outfits like Liberty League, Sentinels, Crusaders. Morgans.—House of Morgan leads in American foreign investment; J'. Pierpont Morgan gave Mussolini his first foreign loan, helped Hitler and Japs to re-arm. Morgan interests backed Franco in Spain; they control newspaper like “Time” and “Fortune,” hold one directorship of Bank of England; in addition to coal, steel, oil, power, telephone empire in U.S. have interests in India, Indies, China, Siam. Rockefellers—Standard Oil monopoly (gave synthetic rubber patents to LG. Farben, refused to give patents to U.S. Government, even after Germany attacked), Mid-East and other foreign oil, railways, chemicals, mining, steel, banking, radio, city transport, insurance, real estate. Mellons. —Run aluminium monopoly, which had Axis links; also in aviation, oil, steel, coal, power, banks, glass, chemicals, railroads. Kuhn, Loeb. —Powerful Wall St. bankers and foreign investors, who began lending to Japan when they backed her against Tsarist Russia in 1904-5. JAPAN HOLDINGS. Some key U.S. holdings in Japan are: — International General Electric, operating Japanese plants through its subsidiary, Tokyo Shibaura^ —affiliated with Mitsui. Morgan interest. Westinghouse Electric Manufacturing Co., associated with Mitsubishi Electric Manufacturing Co. in J’apan. Westinghouse is a joint Mellon, Rockefeller, Morgan and Kuhn, Loeb* and Co. interest. Standard Oil, with a known direct investment in Japan of £91,250,000, exclusive of frozen credits and stored oil. Rockefeller trust. General Motors, with assembly plants in Japan, and a Ssinking (Manchuria) branch also advertised in the Japanese Far East Year Book. Du Pont and Morgan interest. Ford Motor Co., with branch and assembly plants in Japan and its empire. 1.C.1. VICKERS. British companies with American links are also heavily interested in Japan. Dunlop Rubber, which operated in Japan, is linked with the Du Ponts, with Imperial Chemicals and Imperial Airways. 1.C.1., mightiest British Empire trust, is heavily involved in Japan. According to F'oreign Minister Ernest Bevin (election campaign speech) Imperial Chemicals made a million from their cordite factory in Japan. 1.C.1. worked with I.G. Farben of Germanv. and is tied up with Du Ponts. In the Nippon Steel Works, vital unit in Japanese war industry, Vickers of England held half the shares, the Mitsui monopoly the other half.