 | |
 Entrance to building 261 Fifth Avenue in New York City, where Amtorg was headquartered from 1929 to 1941 | |
| Company type | Corporation |
|---|---|
| Industry | International trade |
| Founded | May 27, 1924; 101 years ago (1924-05-27) inNew York City,US |
| Defunct | June 24, 1998 (1998-06-24) |
| Fate | Dissolution (law) |
| Headquarters | New York City ,United States |
Areas served |
|
| Owner | Soviet Union |
| Footnotes / references [1] | |
Amtorg Trading Corporation, also known asAmtorg (short forAmerikanskaya Torgovlya,Russian:Амторг), was the firsttrade representation of theSoviet Union in theUnited States, established inNew York in 1924 by mergingArmand Hammer'sAllied American Corporation (Alamerico) withProducts Exchange Corporation (Prodexco) andArcos-America Inc. (the U.S. branch ofAll Russian Co-operative Society, ARCOS, also known as "Russia House" or "Soviet House" inGreat Britain).[2][3]
Formally a semi-private joint-stock company and American corporation, Amtorg occupied a unique position in the market as the single purchaser for a communist state. Even though it did not officially represent theSoviet government, it was controlled by thePeople's Commissariat for Foreign Trade and, prior to the establishment of diplomatic relations between the US and the USSR in 1933, served as a de facto trade delegation and a quasi-embassy.
Amtorg handled almost all exports from the USSR, comprising mostly lumber, furs, flax, bristles, and caviar, and all imports of raw materials and machinery for Soviet industry and agriculture. It also provided American companies with information about trade opportunities in the USSR and supplied Soviet industries with technical news and information about American companies.[4][5]The first headquarters were first located in Manhattan, at 165 Broadway.[4][5] After 1929, it was located at 261 Fifth Avenue, with several branch offices, including, at different times, Chicago, Detroit, Los Angeles, San Francisco, and Seattle.[6]
From 1927 to 1930, under the direction ofSaul Bron andPyotr Bogdanov, Amtorg expanded into a major commercial enterprise, with more than 100 employees. During this formative period, Amtorg was very careful to clear any legal hurdles through the leading New York law firm ofSimpson Thacher & Bartlett.[7]The main financial consultant and banker for Amtorg at that time wasChase National Bank.[8]
Amtorg was especially useful for the USSR in negotiating contracts with major American companies such asFord Motor Company,General Electric,International Harvester,Albert Kahn, Inc.,Hugh L. Cooper,Arthur G. McKee (fr.),Freyn Engineering,DuPont de Nemours,Radio Corporation of America, and more than a hundred other companies during thefirst five-year plan, taking advantage of the desperate condition of the American economy during theGreat Depression.[5][9]In turn, American businesses, concerned about keeping their factories in operation, were eager to tap into vast Soviet markets despite continuing warnings by theU.S. Department of State that, due to the lack of diplomatic representation in the USSR., the U.S. government was unable to provide security to Americans conducting business there, and any companies transacting such business "must do so at their own risk."[10]
In May 1930 Amtorg was investigated by theHamilton Fish Committee on communist activities in the United States of theHouse of Representatives on charges of distributing communist propaganda.[11]Even though some propaganda efforts indeed must have taken place, the Fish Committee agreed that the main evidence, the so-called "Whalen documents," was bogus. It was found that there was no sufficient competent legal evidence to prove a connection of Amtorg with subversive activities. Ironically, Amtorg would become a more important player in "subversive activities" after 1930 as it became a center not so much for communist propaganda as for industrial espionage.[5][12]
According to some sources, prior to the establishment of diplomatic relations between the two countries in 1933, Amtorg served as a front forGRU/OGPU (Soviet intelligence service) operations in the US.[13][14][15][16]However, Russian historian Prof. M. Yu. Mukhin (Institute of Russian History, Academy of Science of Russian Federation) asserts that during that period, Amtorg was too important for the Soviets as the only Soviet trade agency in the US, and its main focus was on obtaining credit and negotiating trade and technical-aid contracts, and that systematic intelligence gathering by the Soviets in the USA actually began after PresidentFranklin D. Rooseveltrecognized the Soviets in 1933, allowing them a permanentembassy inWashington, D.C.[17]
There was an agreement betweenNikola Tesla and Amtorg, as highlighted in declassifiedFBI files on Tesla.[18] Contained within the extract Tesla agreed to supply plans, specifications, and complete information on a method and apparatus for producing very small particles in a tube open to air, for increasing the charge of the particles to the full voltage of the high-potential terminal, and for projecting the particles to a distances of a hundred miles or more. The maximum speed of the particles was specified as not less than 350 miles per second. The receipt of $25,000 fee for this disclosure was acknowledged by Nikola Tesla and by A. Bartanian of the Amtorg Trading Corporation.
DuringWorld War II, Amtorg handled the flow of military supplies to the Soviet Union, including armaments, raw materials, food, and uniforms, under theLend-Lease program.
According toPavel Sudoplatov, one of five spy rings targeting the United States foratomic bomb secrets was based in Amtorg in New York City.[19][a]
During theCold War years, the scope of Amtorg's enterprise was more limited, but it continued to conduct its business at 49 West 37th Street, in New York City, maintaining a skeleton staff.[5]As an arm of the Soviet state, Amtorg, at that time located at 355 Lexington Avenue in New York City, was targeted in two bombing attempts, in 1971 and 1976, by members of theJewish Armed ResistanceArchived 2010-04-14 at theWayback Machine, an extremist group affiliated with theJewish Defense League.
Surrounded by continuing controversy, Amtorg survived the Cold War but did not survive thecollapse of the Soviet Union, quietly disappearing in 1998.[8] Its last address was on the 86th floor of theWorld Trade Center in New York City.
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