Lovett, Marshall, Harriman and Acheson went to work to unhorse Gen. Douglas
MacArthur, commander of U.S. forces in Asia. MacArthur kept Wall Street's intelligence
agencies away from his command, and favored real independence for the non-white
nations. Lovett called for MacArthur's firing on March 23, 1951, citing MacArthur's
insistence on defeating the Communist Chinese invaders in Korea. MacArthur's famous
message, that there was `` no substitute for victory, '' was read in Congress on April 5;
MacArthur was fired on April 10, 1951.
That September, Robert Lovett replaced Marshall as Secretary of Defense. Meanwhile,
Harriman was named director of the Mutual Security Agency, making him the U.S. chief
of the Anglo-American military alliance. By now, Brown Brothers Harriman was
everything but Commander-in-Chief.
These were, of course exciting times for the Bush family, whose wagon was hitched to
the financial gods of Olympus--to Jupiter, that is.
Brown Brothers Harriman & Co.
59 Wall Street, New York 5, N.Y.
Business Established 1818
Cable Address ``Shipley-New York''
Private Bankers
April 2, 1951The Honorable W.A. Harriman,
The White House,
Washington, D.C.Dear Averell:I was sorry to miss you in Washington but appreciate your cordial note.
I shall hope for better luck another time. I hope you had a good rest at Hobe
Sound.With affectionate regard, I am,
Sincerely yours,
Pres [signed]
Prescott S. Bush.A central focus of the Harriman security regime in Washington (1950-53) was the
organization of covert operations, and `` psychological warfare. '' Harriman, together with
his lawyers and business partners, Allen Dulles and John Foster Dulles, wanted the
government's secret services to conduct extensive propaganda campaigns and mass-
psychology experiments within the U.S.A., and paramilitary campaigns abroad. This
would supposedly ensure a stable world-wide environment favorable to Anglo-American
financial and political interests.