The Bridgeport times and evening farmer., 1921-05-24
STINNES AS A RECONSTRUCTOR
 ACQUIRES GREAT IRON FIELDS

yields extensive coal resources and a huge iron works, but furnishes quan- titles of raw ore. It is of very high quality-4O per cent iron. as com- pared with the average yield Of 5z or 33 per cent in the best Nlinette ore from Lorraine.
 Shines is also negotiating for an interest in the fields in Slovakia ana Hungary. In Son1er and Szepes (Slo- vakia) and in Borsod (HungarD there are large areas which are not exploited. The ore here is Of an ln- ferior quality, but it compares very favorably with that of the much cove ted Lorraine fields. The factories at Witkowitz and Teschen, in spite of their proximity to these mines, cannot use the Slovakian ore, because their furnaces were built for the higher grade Swedish product, which they were able to import very cheap- ly before the war because they were the sole European agents and made their chief profits by buying and sell ing from Sweden. The ore from these fields used to be sent to Prus- sian Silesia in the days when the Polish fields were in the hands or the Russians. Now, however, the Sileslan factories can obtain raw material from Polish sources. Shines fac- tories, built for Lorraine ore, can use the product of the Slovaklan fields very satisfactorily
 
 Along with his negotiations TOT control over iron fields. Shines is laying his hands upon newspapers Tn Vienna and Budapest. In Budapest he already has an indirect interest m the Magyarsag, a, conservative Chris tian Nationalist paper. and it is known that he seeks to acquire a controlling interest in the PeSter Zeitung and the Uj Nemzedek. both conservatVe Christian nationalist publications. All
 I1 sr- l01T a n IT. ence in Central Europe would De dark1y reactionary. His chief assist ant in Budapest is Count Furstenoers Stammerheirn, the German Consul, a man who was mixed up win CoLonei Bauer and the Kappist incident Stinnes himself, in recent utterances, has associated himself with the cause of the Hohenzollerns.
 But Shines as a politician is one thing, and Shines as 2 reco7St n&kpr and econ orntst Is another. EfEhceen months ago industry was dead as door nails in Austria, and all the ef- forts Of relief organizations, repara- ton commissions, delegations to the Entente, Paris conferences, Rome ana Porto Rose conferences to breathe life into the corpse had failed. Sunnes brought coke from Westpha1ia7 got workrnen hack at their jobs, and the blast funacec of Styrta are going again, The revival of this single basic industry trust bring life to all other industries in Austria, for it will mean machinery with which to oper- ate. The same thtrg must hold true for Hungary. when he gets the fields and works operating. No doubt Sttnnes himself will profit nightly: but neither Austria, Slovak1a nor Hungary care, If he brings them the ~oopera ion and assistance essential to their life.
 ncidentally, Shines as an econorn- r-SF l service for Germany in these states than he could ever perform as a poi- tfcdan How much his newspapers -an do to create an opinion favorable n Ge-rlenv i5 one matter. but 1t Is that Cerfra Europe will ne bound moro and more closely to ihe sources from which practical CO., operation comes