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45. Connally, pp. 33, E-11.

46. Connally, p. E-11.

47. “Deutsche Hollerith Maschinen GmbH: Confidential Report 242,” p. 10, submitted by Harold J. Carter, December 8, 1943, Department of Justice, War Division, Economic Warfare Section, NA RG60.

48. Connally, pp. E-11, E-12; CSDIC, “Secret Report: PW Intelligence Bulletin No. 2/57,” April 25, 1945, p 4, NA RG226; “Deutsche Hollerith Maschinen GmbH: Confidential Report 242,” p. 8, submitted by Harold J. Carter, December 8, 1943, Department of Justice, War Division, Economic Warfare Section, NA RG60.

49. “Workers, Wages, Sales Increased,” NYT, March 17, 1934; “Business Machines Corporation Reports Steady Rise in Sales,” NYT, April 4, 1934; “Business Machines Gains,” NYT, April 11, 1934.

50. “Earnings Reports by Corporation,” NYT, July 31, 1934; “Large Industrial Increases Income,” NYT, October 27, 1934; “Dividend News,” NYT, November 28, 1934.

51. “Business Leaders See Gain Continue,” NYT, January 2, 1935; “Business Machines Increases Income,” NYT, March 7, 1936.

52. Connally, p. 37.

53. “International Business Machines Corporation to Expand Near 32nd St.,” NYT, February 20, 1934; “Insures 6,900 Employees,” NYT, September 25, 1934; “Thousands Get Pay Raises and Bonuses As Industries’ Gift at Yule Season,” NYT, December 22, 1934; Watson, Jr., and Petre, p. 46, and also see “T.J. Watson an Optimist on $1,000-a-day-Income,” NYT, April 30, 1934; “Watson Defends 6-Figure Income,” NYT, April 8, 1936; “Business Unit Seeks Madison Ave. Site,” NYT, June 28, 1936.

54. “Story of IBM: The Early Years 1890-1938,” www.ibm.com/history; Oral History, Jack S. Futterman, January 23, 1974, www.ssa.gov/.

55. Oral History, Jack S. Futterman, January 23, 1974, www.ssa.gov/.

56. Oral History, Jack S. Futterman, January 23, 1974, www.ssa.gov/.

57. Oral History, Jack S. Futterman, January 23, 1974, www.ssa.gov/.

58. Thomas Graham Belden and Marva Robins Belden, The Lengthening Shadow: The Life of Thomas J. Watson (Boston: Little, Brown and Company, 1962), p. 163; Connally, p. E-13, and see Oral History, Jack S. Futterman, January 23, 1974, www.ssa.gov/; “Deutsche Hollerith Maschinen GmbH: Confidential Report 242,” fn pp. 1-3, submitted by Harold J. Carter, December 8, 1943, Department of Justice, War Division, Economic Warfare Section, NA RG60.

59. Saul Engelbourg, International Business Machines: A Business History (Arno Press, 1976), p. 372.

60. Letter, Dehomag to F.C. Elstob, March 8, 1935, IBM Files; Letter, M.G. Connally to F.C. Elstob, February 21, 1935, IBM Files; Application for Relief, Konrad Matzdorf to The Central Revenue Board, February 27, 1935, IBM Files.

61. Letter, O.E. Braitmayer to J.E. Holt, February 21, 1935, IBM Files; Letter, O.E. Braitmayer to W. Heidinger, February 21, 1935, IBM Files; Letter, W. Heidinger to O.E. Braitmayer, March 8, 1935, IBM Files; Letter, W. Heidinger to J.E. Holt, January 20, 1938, IBM Files; Letter, F.C. Elstob to F.W. Nichol, March 20, 1935, IBM Files.

62. Letter, F.C. Elstob to F.W. Nichol, March 20, 1935, IBM Files; see Letter, W. Heidinger to J.E. Holt, January 20, 1938.

63. Letter, W. Heidinger to O.E. Braitmayer, March 3, 1935, IBM Files.

64. Letter, F.C. Elstob to F.W. Nichol, March 20, 1935, IBM Files.

65. Letter, J.C. Milner to H.K. Chauncey, December 13, 1935, IBM Files.

66. H.K. Chauncey, Draft IBM Memorandum, March 27, 1935, IBM Files.

67. Resolutions, Dehomag Board of Directors, April 20, 1936, IBM Files.

68. Report to Dehomag Board of Directors, July 25, 1935, IBM Files.

69. Report to Dehomag Board of Directors, July 25, 1935, IBM Files; Letter, H. Rottke to O.L. Gubelman, October 2, 1935, IBM Files.

70. Letter, H. Rottke to O.L. Gubelman, October 2, 1935, IBM Files.

71. Letter, J.C. Milner to Thomas J. Watson, March 23, 1937, IBM Files.

72. Letter, J.C. Milner to Thomas J. Watson, March 23, 1937, IBM Files.

73. Letter, J.T. Wilson to Dept. of State, May 18, 1945, NA RG59 362.115/5-1845.

74. Private and Confidential Report, Price Waterhouse to IBM Geneva, April 24, 1937, IBM Files; Connally, p. E-10.

75. Memorandum, Proposal for Change of the Contract, J.C. Milner to H.K. Chauncey, December 13, 1935, IBM Files.

76. Memorandum, Heidinger-Watson Agreement, circa May 1936, IBM Files; see also Radiogram, J.E. Holt to Thomas J. Watson, March 20, 1936, IBM Files.

77. Letter, O.E. Braitmayer to J.E. Holt, May 12, 1935, IBM Files.

78. Notarized Agreement, circa 1938, and attached Affidavit of J.G. Phillips, January 26, 1937, IBM Files; Letter, W.A. Pithie to W.F. Battin, September 4, 1936, IBM Files.

79. “Reich Seizing 25% of Fortunes of Jews; Ruin of Many More Businesses Forecast,” NYT, September 8, 1936.

80. “Nazi Penalties Heavier,” NYT, September 17, 1936.

81. “Streicher Advises Foreigners on Jews,” NYT, September 16, 1936.

82. “McDonald in Poland on Refugee Problem,” NYT, April 19, 1934; Letter of Resignation of James G. McDonald to Secretary General of the League of Nations, December 27, 1935, p. 34, FO 371/19918; “German Refugees Placed at 125,000,” NYT, September 5, 1937.

83. Letter of Resignation of James G. McDonald to Secretary General of the League of Nations, December 27, 1935, p. 34, FO 371/19918.

84. American Section Meeting of the International Chamber of Commerce, May 1, 1934, Hagley ACCT1960, Box 7.

85. White House Telegram, Franklin D. Roosevelt to Thomas J. Watson, February 14, 1935, NA RG59 600.0031/1377; see also Letter, Chauncey Snow to Cordell Hull, May 15, 1933, NA RG59 600.001171/337, Letter, Cordell Hull to Chauncey D. Snow, June 1, 1935, NA RG59 600.001171/337; see also Letter from Assistant Secretary to Carr, May 24, 1935, NA RG59 600.00171/337; see also Letters to J.T. Wilson, May 27, 1935, and Carr, May 25, 1935, NA RG59 600.00171/337.

86. Telegram, Cordell Hull to Thomas J. Watson, November 6, 1935, NA RG59 600.001171/361A.

87. Program, Eighth General Congress of the International Chamber of Commerce, Paris, June 24-29, 1935, NA RG59 600.00171/337.

88. Program, Eighth General Congress of the International Chamber of Congress, Paris, June 24-29, 1935, NA RG59 600.00171/337; “Business Is Divided on 2-Nation Pacts,” NYT, June 28, 1935; “World Chamber Lays Trade Ills to Government Rule of Industry,” NYT, June 30, 1935.

89. ICC Meeting transcripts, American Section Meeting of the International Chamber of Commerce, April 26, 1936, American Chamber of Commerce, Hagley ACCT 1960 Box 8.

90. “NRA Called a Help to Business Ethics,” NYT, June 9, 1935; “Watson Appeals for World Trade,” NYT, January 27, 1935; “Business Is Divided on 2-Nation Pacts,” NYT, June 28, 1935; “France Is Cautious in New Tariff Policy,” NYT, November 17, 1935; “World Now Seeks New Trade System,” NYT, May 22, 1936; “T.J. Watson Returns,” NYT, August 11, 1936.

91. ICC Meeting transcripts, American Section Meeting of the International Chamber of Commerce, April 26, 1937, p. 500, American Chamber of Commerce, Hagley ACCT1960 Box 8.