The Mankato free press., 1921-09-23

Berlin, September 17.-Hugo Stin-
neS, Germany's richest man, is
reaching out today as an interna-
tionalist, not merely a nationalist.
his wealth pours in from the tour
corners or the globe, and he is reck-
oned as many times a biliionalre,
admitting in his tax returns that he
is at least Millionaire. He was a
rich man before the war. But his
holdings today are IKE the proven
Dlal tannery in comparison with an
earlier ShOeStrlng. lie is known as
OBSERVATION-DISCLOSURES his gold
grabbing.
The SHINES concern has become
all inclusive. At least 1900 under
takings and daughter companies"
Deiong thereto. These concerns en-
he controls businesses that make
everything from high current ma
chimes to incandescent lamps; from
screw to an ocean steamer; from
a modest workers home to hotels
like the Atlantic OF Hamburg and the
Esplanade OF Berlin; from big for
estS to newsprint and newspapers.
SHINES Line of Steamers. -
StlnneS' steamers travel not alone
upon the Rhine and in the ostsee.
but also on the Atlantic and Pacific.
burg American line directorate, Stin-
nes, is doing his utmost to extend his
forcing holdings, especially in ship
ping. His boldest stroke recently
was the purchase of the Alpinen
Montangesellschaft, holding the larg-
est closed ore supplies in Europe,
but unable to operate because 1t Lacks
ed coke following creation of Tsche-
cho- Slovakei. With his vast coke
mr. hnl fn
juyenate the Austrian iron industry,
and to absorb many men otherwise
workless. But SHINES is feeling the
heavy hand of competition. The
Hamburg american line dropped him
| from it's board of directors because
| he sought to enter the South Ameri-
can shipping business independently
! He is going to fight the "Hapag;"
but he has still another dangerous
competitor. Herr Haniel, owner OF
the great Good Hope" concern,
success, to build UP aT-coneern to
rival that of SHINES and his 1890
Haniel. besides being a wonderfully
strong business man, Is a racing op-
| orator. In three or four years, he
has built UP the most famous racing
stable in Germany, has won the
Derby in Germany twice and a num-
ber of other big races. He spends
freely on his race horses, and works
also with free hand in his concern
SO that today he stands as SHINES
/ most serious competitor. The bust
ness world regards him the pleasan
1 ter and kindlier personality.
| And, while Haniel is crowding Stin
mes, the latter still has the lead with
a plant valued at eight milliards OF
marks; and one million employees.
SHINES is painted swan white OF
raven black. according to whether ii
be nationalist or radical who
views him His methods are held by
many to have doubtful elements
about them-perhapS as one judges
the old days of millionaires and their
methods in America,
Was Traders First.
When SHINES started on his car
eer of collecting gold, he was in the
first instance trader rather than q
producer. He still has much of that
character. He did not create his
and developed it. His grandfather
Matthias SHINES started in with Goa
transport on ships and then devel
ed into coal producer and buyer OF
mines.
R1thlessness is laid at his door;
and his opponents claim the best
proof of this is that he went into the
war with million and came out
confessedly with milliard, which
they believe is only part of his
wealth During the war he Joined
the German Luxembourg company
big steel and iron undertaking-ant
it is contended this connection die
! much to strengthen his pocketbook
SHINES is credited with being chiefly
responsible for the deportation Of
Belgian workers to Germany. He also
wanted a peace with Italy in 1917
some say because it would have
| furthered his own business.