New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-27
Export Concern
Buys Control of
C. Amsinck & Co.
Am. international Corpora
ton Acts With War
Boards Approval

Stock control Of the old established
importing and exporting house Of G.
Amsinck e. Co.. Inc, has been bought
bv the American international Cor
poration. which has the backing OF
the National City Bank and allied IN
terests. Announcement was made yes
terday that the board of directors OF
the Amsinck company will be increased
to seven, five of whom will represent
the American International interests.
G.. Amsinck e. Co. was originally a
German house, and always maintained
strong German affiliations. Adolf
Pavenstedt, the alleged go-between
for Count Won Bernstorff and Bolo
Pacha, under arrest in Paris as Ger
man spy. was partner in G. Amslnck
& Co. until June, 1916. when he left
the organization, together with FRED
erick Won Schroeder, also a German
partner. Afterward the company was
recognized into stock concern, with
capital of 100000 Of preferred and
100000 of common.
Pavenstedt testified In the investiga-
ton here Of Bolo Pachs's activities
that German funds had been trans
ferred for the account of Bolo through
Amsinck & Co.
German Connections Severed
An officer of G.. Amsinck & Co. de-
clared emphatically yesterday that the
corporation had maintained no Ger
man connections since Pavenstedt and
Won Schroeder severed their relations
last year. He denied that the sale
of stock control of the property had
been made to avoid trouble with the
United States government as a result
Of the new trading with the enemy
act.
The following announcement was
made yesterday by the American Inter
national Corporation:
"The American international Cor
poration announces that IL has pur-
chased control of G. Amsinck e. Co.,
Inc, and will assume direction and
management Of the operations OF
the corporation. Mr.. A. Rupert will
remain as president and director of the
corporation and DR.. Charles A. Holder
as vice president and director. The
board of directors will be increased TO
seven, five OF whom will represent the
American International Corporation.
The transaction was made with the
full approval of the War Trade Board,
and the operations of the corporation
will be conducted strictly in accord
ance with the policy of the United
States government, as defined by the
proper authorities.
&c. Amsinck & Co., Inc, are
successors to the old export and i'm
port house of G. Amsinck e. Co., which
has developed a very large bust
ness with South and Central America.
The corporation has approximately
FIVE thousand trading accounts in
South America and Central America,
with agents in every important Latin
American country. II has been a very
important factor in the development
of American trade with Latin America.
The importance of the company is
shown by the fact that its export and
import business last year amounted TO
over s36,000,000. The American Inter
national Corporation will use this cor
poratlOn as meQlum LOT expanding
its rapidly growing commercial bust
ness, and will probably extend its
operations to other parts of the world.
Heavy Trade in Coffee
The Amsinck concern has been
doing a heavy business with South
America in recent years, particularly
in coffee, hides and some of the rarer
metals, such as platinum. Purchase
of control of the company is another
step of the American international in
building up worldwide trade organi-
cation. In its brief existence the COM
pany has engaged in enterprises in the
Argentine, in China, India, Japan, Cey-
lon, Russia. Italy, Switzerland, France
and Spain. Recently the American In
ternational organized steel export
subsidiary.