New-York tribune., 1918-07-23
Palmer Takes Over 3 Firms
Valued at $15,OOO,O ,OOO
That Ruled Trade
Americans Named
AS New Directors
Concerns, Financed by Foe.
Said to Have Been Hold
ing Copper for Germany

Through the seizure Of three large
German owned metal concerns Of this
city, with assets aggregating more than
$15,000,000, A. Mitchell Palmer, Alien
Property Custodian, announced yester-
day that he had smashed for all time
the German control of the metal in
dustry in this country.
| The firms taken over were L. Vogel-
stein g. Co., Inc, AZ Broadway; Beer,
Sondheimer G. Co., Inc, 81 Broadway,
and the enemy interest in Stallforth
& Co.
The assets of the Vogelstein firm are
upward of s9,o0O,O0O. The Sond-
heimer company's property is valued
at more than $5,000,O0O, while the
German interest in the Stallforth con-
Germ is estimated at 100000
Controlled Market Here
Beer, Sondheimer & Co. and l.. Vogel-
filiated with the German Metal Gesell-
schaft, which for years has domi-
mated the metal markets of the world.
1t controlled the market iii this coun-
try to such an extent, he said, that it
was enabled to sell copper, aluminium,
zinc and other metals in Germany at a
price far below that which the Ameri-
can consumer had to pay.
The Stallforth company, which dealt
in silver bullion, was characterized by
Mr.. Palmer as another link in the
German system of worldwide metal
control. F. Stalltortk, the principal
stockholder in this firm, is now in
termed at Fort Oglethorpe, Georgia, as
a dangerous alien enemy.
Inquiry conducted by Francis P. Gar
van, director Of the bureau of investi-
CATION, has revealed that Beer. Sond-
i heimer & Co. own half interest in
the National Zinc Company, the entire
stock of the Cuba Copper Company, the
Cuba Copper Leasing Company, the
Norfolk Smelling Company and 10000
shares of the Minerals Separation
American Syndicate, Ltd.
Interests Are Widespread
Vogelstein & Co., stated Mr.. Palmer
were shown to have large holdings ir
the United States Metal Refining Com
pany and the Kansas Zinc and Smelt,
ing COMPANY. Of the 10000 shares OF
Company 1880 shares were owned by
the Metallbank and M. c., of Frank
furt Germany, and 1880 shares by
the Neutrality-suspicious. of the same
place.
The American Metals Company, Mr.
Palmer said, completely owns these
companies: American Zinc and Chemi-
cal Company, Langeloth Company
Langeloth Mercantile Company, Langel-
Transport Company, Bartlesville Zine
; Company and South American Meta.
Company. 1t had large holdings OF
stock in the Ohio and Colorado Smelt-
ing and Refining Company, Nichols
Copper Company and Balback Smelling
and Refining Company, and Companis
Minera de Penoles, Compania de
Mnerales y Metales, Compania Metal
urgica de Torreon, de Combustibbs
Agujita, Campania Minera Paloma J
Cadrillas and Fundision de Guayacan
all of South America.
Sent Copper to Germany
From the evidence which Mr. Garvar
unearthed it was disclosed that the
Vogelstein and Beer-Sondheimer con
. Germs played an important part in Ger
y . q
continuation of the war after she hae
gotten into it. 1t was apparent, sale
Mr. Palmer, that they supplied large
amounts of copper and other metals
to Germany until the time the United
States entered the conflict.
TO make these concerns 100 per CEN
: American the Alien Property Custo
dian has appointed the following di
rectors for the Vogelstein Company
Edward M. McIlvain, former president
, of the Bethlehem Steel Company,
Louis A. Watres, former Lieutenan
Governor of Pennsylvania; James N
Wallace, president of the Central Trus
Company, Of New York; Alfred Fl
Smith, President of the New Yorl
BOARD of Aldermen, and c.. c. Daniels
of this city. Paul L. Vogelstein an,
Ernest Hethern also will act az di
, rectors.
Wallace, McIlvain and Watres ais,
, will act as directors of the Beer, Sond
heimer company, in conjunction will
. John P. Greer, of Is Broad Street, ant
Ford Huntington, Is Dey Street
, Benno Elkan and Otto Frohnknecht will
serve with these directors. Joseph Z
: Davies, former president of the Fed
, eral Trade Commission, and Isidor Kre
sci will act as counsel for the firm.
New Directors Appointed
The directors named for the Amer
lean Metals Company are Henry Nor
genthau, former Ambassador to Tur
key; Andrew w. Melons, Of PITTSBURGH