Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-30

cause of the high cost Of things, this
great SHINES sheet gives abundant proof
Of the full money Golfers in back OF it.
1t is the largest paper in Berlin and 1t
spends much money on special
telegraphfc service in a period when the
rate Of foreign exchange against Ger
many makes their actual weight In gold.
/ have been told that SHINES owns
at least one important paper In almost
every considerable city Of Germany and
that only recently he closed deal for
tw DIN Leipsic. Whenever such asser
lions appear In the German press, they
are Immediately denied by the Deutsch
Allgemeine Zeitung. This paper persists
in saying that SHINES owns only the
three / have mentioned SHINES sec
rotary earnestly told me the same thing.
To which other Germans reply that the
ownership Of the many other papers may
not be In SHINES name. But they say
he controls them just the same. Some
times they say bank or coal mining
company or big mill controls the paper.
And SHINES controls the bank or the
mill or the mine.
IN AUSTRIAN
JOURNALISM.
He has also become an important
factor in Austrian journalism, where only
recently it was reported he had pur-
chased the Elbe paper mills. This con
Germ not only had three paper mills but
four Vienna newspapers the Extra hlatt,
the Mittags Zeitung, the Winer -Allge-
meme Zeitung and the Som and Mon
tags Zeitung. The Extra blatt is an
illustrated paper with a large circula-
ton and the Allgemeine Zeitung is
leading Bourse organ. So in Austria as
in Germany, SHINES now controls a lead
ing business newspaper
When man owns string of news
papers, it is natural that ne should
think about the sources of their news. In
other words, he becomes interested in
the press associations that supply news
by telegraph. The first in which SHINES
invested money was the well known
Dammert bureau, which had three sepa
rate services: One for papers which
support the German Peoples party: one
for the papers which support the Demo-
cratic party, and lastly service for
papers free from political leanings. This
bureau has now been merged with the
Telegraph Union, in which SHINES is
also said to have invested money.
KING OF INK
AND PAPER.
Having the wood and the coal and the
paper and the newspapers, SHINES has
gone almost as far as it is possible in
the newspaper business. But there are
other outlets for print paper. There is,
for instance, the book and pamphlet trade
and also the general printing Of leaflets
circulars. catalogues, bill heads. etc. So
SHINES formed a new concern under his
own name and also bought two famous
and old established companies--the North
German Book and Printing Company
and the powerful Buxenstein Press,
which itself controls a number OF sub
ordinate concerns.
The eminence attained by SHINES is
obvious. No man in Germany Is in such
strategic position in influence public
opinion upon corporation laws. taxation.
tariff and other matters that interest
big business. If he wants to he can
concentrate a weight of printed matter
newspapers, pamphlets, books, magazines
such as never before has been at the
disposal of one man In Germany.
It's no wonder that in newspaper cir
c1es they now call him the King Of Ink
and Paper.-Copyright, 1922. NEA sery-
ice. Inc)