Word: teutons
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Dates: during 1930-1939
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Last week these words came from one time Alien Property Custodian Francis Patrick Garvan who mortally fears and hates all things Teuton. Accusing the largest U. S. bank of fraud, he was demanding an inquiry into the flotation last April of $30,000,000 of 5½% convertible debentures of the American I. G. Chemical Corp. by National City Co. Its advertisement of the bonds, he said, intended "to deceive the American public into the belief that the proceeds of these bonds were to be used to foster and finance the development of chemical and allied industries...
Another act of Custodian Garvan was to sell the confiscated Bosch Magneto Co. For this he was charged with defrauding the government of $5,500,000 but the case was dismissed last fortnight. From these things he probably conceived his great hate of the Teuton shadow. Last week he accused Senator Moses, former State Attorney General Merton E. Lewis, Banker Otto Hermann Kahn "and his partner Warburg," Oswald Garrison Villard (editor of The Nation), and others, of German propaganda-all in his lengthy written attack on American I. G. Chemical Corp., which he sent to the office of the State...