By James Stewart Martin

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During World War IT, Poensgen was appointed to head the steel industry association, one of the main divisions of the Nazi Reichsgruppe Industrie, an officially sanctioned national association of manufacturers. It was not surprising that he chose his Luxembourg associate, M. Meyer, to handle the affairs of the Wirtschaftsgruppe in occupied Luxembourg. Upon the occupation of Luxembourg by the Germans in 1940, the Arbed firm had not been taken over directly by the Germans, but continued to function under the direction of Aloyse Meyer throughout the occupation.

This determination to probe and search was typical of the "neveragain" feeling that predominated. Allied policy in 1945 was full of solemn promises and "morning-after" resolutions. It would have been hard not to catch some of this spirit as we moved toward the forward areas to pick up the trail of the economic war lords. 28 ALL HONORABLE MEN President Roosevelt had said a few months earlier that defeat of the Nazi armies would have to be followed by complete eradication of the weapons of economic warfare.

In effect, the foreign loans and German government subsidies allowed the leading companies, such as United Steel Works, Mannesmann, Krupp, Good Hope and Rochling, to substitute private regulation and elimination of com- THE F R A T E R N I T Y BROTHERS 43 petition for the technical efficiency they had lost when their plants in Alsace and Lorraine went back to French control after 1918. G. Farben had pulled together under common control a great proportion of the existing capacity, they built still more plants and added more machinery.

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