Evening star., 1925-08-18
SHINES DEFIES BANKS.
Admits Negotiatins With Americans
For Auto Works.
BY EDGAR ANsEL MOwRER.


BY EDGAR ANsEL MOwRER.
By Radio to The star and Chicago Daily News.
BERLIN. August 1S.-The amazing
gesture of Edmund SHINES. doctor of
philosophy and eldest son of the great
industrialist, Hugo SHINES, in offer
ing $500 900 worth of stock in the Aga
Motor Works to the employees. in an
endeavor to mobilize public opinion
against the financial interests which
refuse him credits and are endeaVor-
ing to break his will, has excited tire.
mendouS interest here in this young
man. The writer has just had the
privilege of talking with him and OBJ
tanning views at first hand.
DR.. SHINES Is a slight, dark young
man with an oval face and light eyes
which seemed now gray, now brown.
He has high forehead. well formed,
continually nervous hands, and the
eyes of the dreamer. He has the
slightly spoiled expression of the rich
mans son about his mouth, something
of the old SHINES firmness in his chin,
vet mixed with softness. His figure
is little too soft for his age, yet his
teeth set hard and occa asionally his
eyes blaze.
What would you like to know?''
asked DR., SHINES. -5
May 1 repeat what I have heard
OF you?" the correspondent asked.
Willing to Answer.
Certainly" he replied. Il will an
swer several points. Nothing they
say is unknown to me. They have
called me a young fool, inca pable. q
highbrow. a dreamer. the shame of my
family who disgraced my fathers
name, liar, vandal of my family's
property and enemy of my mother. ="
They say you quarreied with your
father during his lifetime"
That is true. over one subject we
quarreled. He made a will giving
greater control of his business to my
younger brother"
They say you quarreled continu-
ally with your mother and brother
and your fathers friends about the
SHINES interests"
That is true. | tried 10 prevent
my brother, Hugo, from specializing
and losing money. The basis of the
quarrel over the business was my ef-
fort to prevent domination of it by
the financial interests. For many
years before and during the war in
dustrial interests dominated German
economic life. Then. with stabiliza-
ton, the banks became supreme. The
bankers wish to down me as they
have doWned nearly all other indus
trialists. l refuse to lick the hand
Of Jakob GoldsChmidt, who posed as
my fathers friend and who wants
TO kneel on the body of his son.,
SHINES Defies Bank.
"Goldschmidt has said specifically
that this is not a money problem but
a problem of prestige He may take
some of my property from me but he
will not have me-
DR.. SHINES eyes flashed and his
nervous hand punctuated each point.
Ten days before the first crisis in
the Hugo SHINES concern. on May
90 he continued, Il left the business
receiving a certain number of prop
critics as mine. | did this because
refused TO submit my will to the So
called supporting consortium in which
all big German banks were interest.
ed, the same ones which now refuse
me trif1inS credits to pay my
workers"
Is it true that your industries are
perhaps SO heavily burdened that
they could not be given away?"
That is a question for the stock
holders. I will answer to the Judge,
not to bankers and Jakob Gold
schmidt. My property is mine"
Did YOU make errors in business
management?
Admits Making Errors
Certainly, | imagine that / did
had been in business only three
months when my father died. When
the errors became apparent ! offered
10 form a new board of directors to
which both my brother and myself
would submit. He refused. NV
fathers friends. Director Voegler, the
industrialist, and Herr Silverberg of
a push cart and urged my family to
get rid of me. They did so. Now it
remains TO be seen whether family
friends and the banks will do better
for my mother and the business than
| did"
do YOU believe the SHINES liquida-
tion has been done badIy?"
rs It wise" DR.. SHINES countered.
when YOU wish to liquidate to trum-
pet to the world that the SHINES con-
Germ is rotten to the core and that
everything must be sold? Naturally
everything crashed, and the liqui-
dators have been unable to realize
ANYTHING like the worth of the con
cern. All Of the German bankers ex-
Cept one are out to get Edmund
SHINES, whose person and ideas they
detest."
They declare you are fantastic and
impractical"
Yes, ! understand that the era of
Industrial despotism is over, that the
United States of Europe is a neces-
sity. that to sacrifice thousands of
workers TO ones personal ambition is
horrible cruelty, and that one must
prepare a new era or Europe will go
to the dogs This is my fantastic
idea The world can judge between
me and the old men.
What is the condition of the Aga
Motor Works."
mot bad 1t produces 500 cars
monthly. which for Germany is enor-
NOUS, Ours Is one e4of.thesbest=organ a.