Reply #23: We will begin the George Bush story about a decade before his birth [View All]

President George Herbert Walker Bush was born in 1924, the son of Prescott S. Bush and Dorothy Walker Bush. We will begin the George Bush story about a decade before his birth, on the eve of World War I. We will follow the career of his father, Prescott Bush, through his marriage with Dorothy Walker, on the path to fortune, elegance and power. Prescott Bush entered Yale University in 1913. A native of Columbus, Ohio, Prescott had spent the last five years before college in St. George’s Episcopal preparatory school in Newport, Rhode Island. Prescott Bush’s first college year, 1913, was also the freshman year at Yale for E. Roland ( "Bunny" ) Harriman, whose older brother (Wm.) Averell Harriman had just graduated from Yale. This is the Averell Harriman who went on to fame as the U.S. ambassador to the Soviet Union during World War II, as a governor of New York State, and as a presidential advisor who was greatly responsible for starting the Vietnam War. The Harrimans would become the sponsors of the Bushes, to lift them onto the stage of world history. In the spring of 1916, Prescott Bush and "Bunny" Harriman were chosen for membership in an elite Yale senior-year secret society known as Skull and Bones. This unusually morbid, death-celebrating group helped Wall Street financiers find active young men of "good birth" to form a kind of imitation British aristocracy in America. World War I was then raging in Europe. With the prospect that the U.S.A. would soon join the war, two Skull and Bones "Patriarchs" , Averell Harriman (class of 1913) and Percy A. Rockefeller (class of 1900), paid special attention to Prescott’s class of 1917. They wanted reliable cadres to help them play the Great Game, in the lucrative new imperial era that the war was opening up for London and New York moneycrats. Prescott Bush, by then a close friend of "Bunny" Harriman, and several other Bonesmen from their class of 1917 would later comprise the core partners in Brown Brothers Harriman, the world’s largest private investment bank. World War I did make an immense amount of money for the clan of stock speculators and British bankers who had just taken over U.S. industry. The Harrimans were stars of this new Anglo-American elite. Averell’s father, stock broker E.H. Harriman, had gained control of the Union Pacific Railroad in 1898 with credit arranged by William Rockefeller, Percy’s father, and by Kuhn Loeb & Co.’s British-affiliated private bankers, Otto Kahn, Jacob Schiff and Felix Warburg. William Rockefeller, treasurer of Standard Oil and brother of Standard founder John D. Rockefeller, owned National City Bank (later "Citibank" ) together with Texas-based James Stillman. In return for their backing, E.H. Harriman deposited in City Bank the vast receipts from his railroad lines. When he issued tens of millions of dollars of "watered" (fraudulent) railroad stock, Harriman sold most of the shares through the Kuhn Loeb company. The First World War elevated Prescott Bush and his father, Samuel P. Bush, into the lower ranks of the Eastern Establishment. As war loomed in 1914, National City Bank began reorganizing the U.S. arms industry. Percy A. Rockefeller took direct control of the Remington Arms company, appointing his own man, Samuel F. Pryor, as the new chief executive of Remington. The U.S entered World War I in 1917. In the spring of 1918, Prescott’s father, Samuel P. Bush, became chief of the Ordnance, Small Arms and Ammunition Section of the War Industries Board.

--Gen. Hugh S. Johnson to Major J.H.K. Davis, June 6, 1918, file no. 334.8/168 or 334.8/451 in U.S. National Archives, Suitland, Maryland.


The senior Bush took national responsibility for government assistance to and relations with Remington and other weapons companies. This was an unusual appointment, as Prescott’s father seemed to have no background in munitions. Samuel Bush had been president of the Buckeye Steel Castings Co. in Columbus, Ohio, makers of railcar parts. His entire career had been in the railroad business-- supplying equipment to the Wall Street-owned railroad systems. The War Industries Board was run by Bernard Baruch, a Wall Street speculator with close personal and business ties to old E.H. Harriman. Baruch’s brokerage firm had handled Harriman speculations of all kinds.

-- Bernard M. Baruch, My Own Story (New York: Henry Holt and Co., 1957), pp. 138-39. Baruch related that "our firm did a large business for Mr. Harriman.... In 1906 Harriman had place heavy bets on Charles Evans Hughes in his race for Governor of New York against William Randolph Hearst. After several hundred thousand dollars had been wagered, stopped. Hearing of this, Harriman called ... up. `Didn’t I tell you to bet?’ he demanded. `Now go on.’|"

Walker at length agreed to move to New York. But he kept his father’s summer house in Kennebunkport, Maine. Bert Walker formally organized the W.A. Harriman & Co. private bank in November 1919. Walker became the bank’s president and chief executive; Averell Harriman was chairman and controlling co-owner with his brother Roland ( "Bunny" ), Prescott Bush’s close friend from Yale; and Percy Rockefeller was a director and a founding financial sponsor. In the autumn of 1919, Prescott Bush made the acquaintance of Bert Walker’s daughter Dorothy. They were engaged the following year, and were married in August, 1921.

-- Alden Hatch, Remington Arms: An American History, 1956, copyright by the Remington Arms Co., pp. 224-25.

to be continued