Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-25
HAVOC OF WAR
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SHINES FIELD
CONTINUED From Page one.)

guns with money and with coal
There Is this to be said for SHINES
he goes forward not by crushing or
wrecking opponents. He Is con-
structor. He takes sick businesses and
cures them Of what ails them. He takes
well businesses and makes them bigger.
He likes to make two mills produce
where only one did before. That gives
more work to Germans and enriehes
both Germany and SHINES.
Back in the nineties weak blast
furnace corporation in Luxembourg and
another In Bochum, Germany, were
united in one organization which was
just as weak 1t lost money for its
stockholders.
Then in 1901 Shines came into the
| field. He formed the German Luxem-
burg Mining and Smelling Corporation
with a capital of only one million marks
He took over the weak combination just
mentioned. In less than year the new
concern increased its capital to twenty
five millions and in 1910 to sixty million
marks.
ASSURED CHEAP
SUPPLY OF COAL.
Under Shines leadership it bought
some stock in big coal mining COM
panies in the saar and Moselle valleys
and thus assured a cheap coal supply.
Then 1t gobbled up a Dortmund COM
pany and rocketed it's capital to one
| hundred marks.
SHINES was showing himself the Ger
man Napoleon of industrial finance. But
1t was sound finance. 1t was based
upon actual possessions, not water a la
American trusts Vast mills in Bochum.
Dortmund, Mulheim and Emden, coal
miles, iron mines coke ovens, 10000
busy workmen, all told a very real story
Of big business.
The concern controlled five million
tons of coal and 100000 tons Of coke
per annum to say nothing of ammonia.
benzol and coal tar products 1t made
not only pig iron, east iron and steel,
but finished products like freight cars.
In other mills it made machinery.
1t seemed SHINES was at the zenith
OF his career. But he had not yet been
really tested. The war came and with
It the bitter aftermath Of crushing de-
feat for Germany. Albert Balm, creator
Of the Hamburg American steamship
lines, seeing his great business destroyed.
didn't have the heart to go on. 1t was
said he killed himself. But SHINES was
OF tougher metal Seeing his greatest
work cut into pieces by the allied vic
tory, he astonished all Germany by wrest-
Ing greater achievement out of disaster.
WAR sPURsED HIM
TO GREATER EFFORT.
No German business was harder hit
than his German Luxembourg When
Lorraine went back to France and Lux.
emburg was freed from German influence,
SHINES company lost 60 per cent OF Its
raw materiaI-iron ore and coal For
an ordinary business man that would
have been a crushing blow
But SHINES isn't ordinary man
HI at once began buying up small COM
panies which could give his company
some OF the material 1t needed. But he
was after bigger game. Another Ruhr
valley family, the ntrdorfs, had founded
an organization known as the Geisen'
Kitchener Mining Corporation. 1t was one
Of the biggest IN Germany. 1t had over
$4,000 workers. The war also hit this
corporation hard. SHINES brought about
n combination OF his German Luxem-
burg. the Observation-Disclosures, and the Be-
chumber yeren. He made himself its
master. He christened it the Rhine
Elbe Union and II started out with a
combined capital Of 60000o,oo0 marks.
or Just 1,e0o times more than the amount
with which he began his independent
I business career
, CONTROLS FIFTH
E OR RUHR PRODUCTION.
=
, combine fourteen coal mines, 1900 coke
l ovens seven iron mines. Ave steel and
e iron works and four other big factories.
Gelsenk frch ener had sixteen coal mines,
: nine iron and steel WORKS and number
Of other factories The Eochnmer Nerefn
, had four mines and two Iron and steel
works No man In Germany was In ro-
stion like St!unes The coal he and his
famIly own and the coal he controls
amounts to exactly one fftn Of the vast
Ruhr production.
But he wasn't through with coal. With
August Thyssen, another famous Rhine
land captain of industry, and the Dresden
bank. he bought a controlling interest In
the Mulheim Mining Corporation which
operates four big coal mines, has other
seams as yet untapped, and number of
factories Then the far-seeng SHINES
became interested in the possibilities of
ignite This fncl has become especially
precious for German Industry since the
loss OF the Saar and Upper Silesian coal
mines SHINES secured huge block of
stock In the Ribeckschen Corporation of
Halle which owns thirty four Ignite
mines, fifteen factories for the manufac
ture OF coal briquettes, FIVE brick fac
tories, eleven electrical power stations
and FIVE factories for the extraction Of
mineral oil and paraffin. Ignite is espe-
ciany valuable in this regard.
INyADES RETAIL
BUSINESS IN BERLIN.
4 Then SHINES thought Of another
scheme. His own coal mines supplied
fuel to his own steel mills, but he looked
around Germany and everywhere he saw