Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1922-04-11
Entered al Annapolis POstoffice as
Second Glass Matter.
TUESDAY, APRIL IL, 1922.
A CHALLENGE TO OUR CAPTAINS
OF INDUSTRY

OF INDUSTRY
An industrial colossus has
arisen in Europe whose shadow
knows no bounds of state or ma
ton, Hugo SHINES found indus
trial Europe on the market cheap,
and bought it.
His name already has taken on
n wondering significance, yet few
beyond the borders of his own
country, and probably not a great
number within Germany itself,
have grasped, as yet. the stupen-
dous thing this man has done, its
portent for the world, for the
United States, for every country
which buys and sells and lives by
ats business.
The life-blood of civilization is
competitive business. The post
war condition was abnormal, in
dustries tottering, people starry
ing through unemployment,
money deprecated to the point
of inutility. SHINES, taking adj
vantage of this general dehation,
purchased. with this cheap
money, the starved industries !;
bought and bought and bought ;
consolidated. absorbed, organic
ed; mapped out industrial prov
inceS" whose resources he de-
ployed SO that they fed his in
,terestS to the best advantage :;
evolved the vertical trust"
which is a cycle of industry con-
trolling every phase from raw
material to market, including
lines of ocean vessels, and guar
anteeing to each stage all down
the lines from production to sell
]er necessities for operation;
spread out horizontally until to-
day the SHINES interests control
forests and newspapers to use
the wood pulp; hotel resorts and
hotels, and steamships and rail
ways to populate them; water
power sites and electric railroads
and mining plants to consume
the power; mills, blast-furnaces,
mines, oil-wells. factories to man
ufacture everything from incan-
descent bulbs to subways. from
20 frfs gAIN
Already he has reached beyond
the borders of Germany; appar-
emily he knows no boundaries.
The world and its resources are
his field of business. This is food
for thought. This staggering
amalgamation of industry on an
unheard-of scale, coupled with
the apparent contentment of the
army of workers it involves.
SHINES has put into fact what
many, have dreamed Of In al
most no time he has organic
cd certain business within
vast area into one stupendouS
trust, a task which might have
been wholly impossible under
normal conditions. But under
governmental chaos and general
business ruin throughout his own
country he found a situation
which he. with his resources and
Napoleonic boldneSs, crystallized.
And now he certainly anticipates
affecting the markets with his
products; certainly he looks to
the time when, with this vast
web of industrial machinery, he
can produce to undersell any
competitor in the world. If he
can do this, then SHINES has
brought about a revolution the
extent OF which it is scarcely pos-
sible 20 measure. 1t is not necA
essary 10 point TO the threat it
contains for American industry
or for British. French and Ital-
ian industry. 1t creates an I'M
paralleled situation which can
not go UNDECIDED and which
every country, having business in
the world, must consider and pre-
pare TO meet. For when SHINES
underseHs as in the markets of
the world we will be compelled