Evening star., 1922-02-03
SHINES STRIVING
FOR US. MARKETS
Wall Street Believes German
Croesus Has Opened
Campaign.
by the AssOciate ted Press.

By the AsSOc!k leQ IEebS
NEW YORK. February S.-The
name of Hugo Stinnes-onc to CON
jure with in Germany-has smashed
its way into Wall street.
Big business, particularly the steel
industry, Is interested, and is ask
ing II SHINES has designs upon the
commercial and Industrial activities
OF this country.
Various reports have come to the
United States concerning plans OF
the German Croesus TO extend his
interests to this country. where he
has heretofore been little known
But the first concrete evidences of his
plans came yesterday with the an
nouncement that he was negotiating
with several American railroads for
the sale of $4,000 tons of German rails
at price, including freight. aboU.
S2.25 a ton less than the curren:
American price of $40. A mere $1,000
worth less than half million dol
lars at Shines price, but. it was
pointed out, it is very fair-siZed
initial offering.
Whether SHINES will follow up his
invasion of American markets by eff
forts to acquire control Of American
industries Is question that time
alone can solve. The United States
is one of the few countries in the de-
velopment of which he has appar-
entity taken no hand. There have been
reports that SHINES was contemplai-
ing visit to the United States to
meet American capitalists. but nr
date was set for the visit.
War Raises SHINES.
Credited with controlling 5000. .0O0,-
900 marks of capital and with be-
ing the most powerful figure. in
dustrialiy and politically. in Ger
many. SHINES rode to the crest of his
power on the war
He it was. say his enemies. who con-
cefved the idea of deporting Belgian
workers to Germany and who headed
he German interests that exploited
Belgian mines and other resources
during the occupation.
He also was reported to have made
fabulous sums by the filing Of muni-
ton and other government contracts
Even before the war SHINES was
he biggest iron and coal figure in
Germany, but it was not until the
lose OF the world struggle that he
negan reaching out on large scale
for other fields to conquer.
R"norts of his purchases. Of his con-
solicitations and reorganizations then
became a matter of almost dail:-
chronicling in the newspapers Ship
yards in Sweden. mines in Austria
and Sweden, steel plants in Denmark
oil wells in South America. newspa-
pers. paper mills. hotels. street cars
shoe factories, aniline dye works. mo-
ton picture producing plants all be-
came grist for the SHINES mill
Loaned on Crown Jewels.
In one of the latest reports he fig
ured as pawnbroker to the Russian
soviet government. the story being
that he had advanced Lenin a large
sum on the Russian crown jewels.
SHINES came of a family Of Goa,
mine operators. but had struck out
early for himself with his share OF
the family fortune. and soon became
allied with Thyssen. then the German
ore and steel king. He broke with
Thyssen shortly before the war. how
ever. and in a few years had far out
stripped his former partner
His methods are similar to those of
American financiers. obtaining con-
trol OF various co-ordinated indus
tries. not by fat purchase, but by OBJ
tanning control OF a majority of the
stock and using his vast wealth and
credit constantly for further expan
sion.
He is credited with control of the
peoples party. which now dominates
Germany, and has been a promin emf
figure in reparations negotiations
with the allies. He is an object of
bitter attack by socialists but he is
popular with the more conservat! ye
party of the people.