Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-07-23
Large Concerns in u. S, With
RamjfiCations Into South
America, Mexico and Can
ada Seized By Palmer, IS,
DOMINATED MARKETS OF
WORLD FOR CENTURIES
One Firm Said to Have Had
an Absolute Monopoly on
the Business for Years;
May Have Supplied Huns.

'seSetA. eoReseponoRsos 70 .oEH,as Jou-aA.i
troll of the metal industry in America
has been wiped out by Alien Property
Custodian Palmer in the seizure, OF
several of the largest metal concerns
in the Unlted States a,--n ramifica-
tons into South America, Mexico ana
Canada.
Mr.. Palmer announced today that
he had taken over the business Of L.
Vogelstein & Co. Inc, of New York
City, with assets Of more than $4,000
900, and Beer, Sondhemer & Co, Ihe.,
also of New York City, with assets OF
upwards of $4,000, 600. @s
In addition, the custodian has seized
the enemy-owned interest in tho
American Metals company, controll-
ing SOME sixteen companies in this
country and South America, and
Stallforth & Co, of New York, dealers
in silver bullion. with capitalization
of $l,000,000. f. Stallforth, principal
stockholder in the latter company, lis
interned at Fort Oglethorpe. Ga.
Dominated Worlds Markets. a,,
1t was revealed that the Beer, Sond-
heimer and Vogelstein companies for
centuriea has dominated the metal
market of the world, and that they
with the American Metals company
controlled most of the principal metal
and smelling companies of this. couass
try. either by eompiete ownership i6l
stock or by representation In the di-
rectorates.
Mr.. Palmer's announcement said
that Vogelstein and Beer, Sondheimer
companies had endeavored to cover
the German ownership of their assets
by an Amerlcanlzing process under
taken after the war began, but that
their ownership was only thinly dis
guised.
These two companies are believed
by Mr.. Garvan to have supplied Ger
many with vast Quantities of copper,
zinc and other necessary war mate-
rials after the war began, and their
activity in this respect did not cease
until after the United states enered
he war ,as
Made Misrepresentation
iIt buslHtsS Oh betit SOHuHeuutf
& Co. was founded in America by the
German firm of the same name, hut
the American branch was incorporate
ed In August, 1915, by Benno Elkan
and otto Froknknecht who had OPP
Grated the branch for the German
firm and who did not makel lapplica-
ton for naturalization papers until
early In last year.
Elkan and Froknkneeht claimed
they had bought out the interests of
the German firm. but Mr.. Garvan I'M
wireless messages passing be-
tween the American branch and Ger
man company indicating that the lat
ter had planned the incorporation ef
the firm here and that 1t had not sold
its interests.
Ludwig Vogelsten, head of the vo-
gelstein & Co.. Is an American citizen.
but for many years he had represent
ed In this country the firm of Aaron
Hirsch and Sons, of Halberstadt, Ger
many which did an average business
Of about $40 900, 600 a year in the
United States, Canada and Mexico.
In December, 1915, Vogelstein formed
a New York corporation, but the alien
custodian did not accept his
statement that his agreements with
the German firm ended in April, 1915.