Evening Star Newspaper, May 8, 1923, Page 11

e e " S Stinnes Control of Vast Fields In Industry Basis of Wealth German Industrial Leader Combines Many Manufacturing Processes Under ‘Single Management. BY HIRAM KELLY MODERWE; Special Correspondeace of The Star and Chi Dally News Foreign Service. venth of Mr. Moder. on financial, “indy nomic conditions ' in nes pig fron is taken to a Stinnes foundry. where it is made into steel and fashioned into rails. On a Stin- nes barge these are carried down the Rhine to the warchouse of the Hugo Cgmmercial and Transport wans. | cmpany in ' Rotterdam. —Immedi- Ry | ately comes a ship of the fleet of the BERLIN, Germany, April | oo Stinnes Gorporation'of Hwm: Germany 1 have secen a remarkable burg and carries the rails to Chris- Look. It is the official directory of | tiania Stinnes' emens-Rhine-Elbe-Schuck €rt concern, and it is marked “secret Hundreds of pages are closely packed with names of mines and fa tories, names and addresses of the directors. with detailed lists of what they produce A Stinnes factory 2ds amo or a supply of Lelting, the director looks up in this Look what other Stinnes facto makes these things and plac order with member of Stinnes industrial group. g0 20.—1n Keeps Profits | Thus the Stinnes “konzern” keeps for itself all the profits—dozens in the case of a complex machine—and Adds to them by eliminating waste in the supplying and utilization of cap- 4 s The Stinnes . with the secret book in his ply telephones his order to | Stinnes firm and enters the | in his books. On a telephonic * his supplies are sent to him. a telephonic order he ships his goods (o Rotterdam. From the time the iron ore leaves the mines until the rails are de ed in Norway, not a cent of money needs to pass be- | tween the various constituent parts of the konzern. When the goods are paid for in Christiania the Stinnes Commercial and Transport Company pays its bill to the factory, which then pays its bills to the mines. Family. another debit new this Turns Out Wi A supply of steel for Norway., Down in t Stinnes’ own private ea start grinding. In the Alpin-Montan mines “in Austria iron i$ extracted and_ dispatched to the DLlast furmaces of the Dort nion in the Ruhr, coal has been dug tinnes oven. The lispatched to m @ Stin- «d to the the iron Order. to be made he bowels of th the wheels ails 1 Capltal Always Works, Stinnes capital is kept working day and night. sooner has it finished one job than it-is et to work on an- | oth This iy the principal reason! not needed to raise ral st vear. though | Dertmun meanwhile fallen s east pipes o whera 1t in a Stinnes prineiple to perform on his maie- It costs no more tobuy a ELLY OOD tires will give more service on poor roads than poor tires will on good ones. Kelly-Springfield tires are built to give service on any road. For over a quarter of a century they have been famous for their high quality. The Kant-Siip Cord, the new- est member of the Kelly family, not only gives long mileage on rough roads but is a wonderful non-skid tire on smooth ones. It is the longest-wearing tire Kelly has ever built and the safest tire anyone has ever built. For sale wherever you see this sign ~CHESLEY AND HARVEYCU DISTRIBUTORS -~ * 4918 14th Street * leave Germany, an himself. He will export pig iron. If ig iron he H do you want it for? If you want it for rails I will make them for you. Jf ycu want it for locomotives you can order them from me.r To buy French ore and in one oper- ation turn it jnto p! little. But to turn the ore intp loco- motives is to get the advantage of cheap labor & hundred times. Small Capital Required. The functions of buying and selling are amalgamated as far as powsible in a Stinnes concern. The Stinnes Com- mercial and Transport Company, which sold the rails, also bought American copper for Stinnes' loco- motives. It can byy more cheaply because it buys in quantity for all the Stinnes plants at the time when the exchange i» most favorable. And, since it is continuously both receiv- ing money and spending money, it can do business with a comparative- ly amall amount of liquid capital. On the other hand, the industrialists m often produce wastefully be- labor. The most patient search has revealed relatively few c a real increase {n output per man per | hour over the pre-war figure, and | everywhere proceeding at the Gorman workmen would be unem- | tion are undoubtedly inadequate feed- ing and the low morale resulting therefrom. due to the fluctuation of the mark, | which keeps hundreds of thousands | of workers in Germany wastefully employed figuring exchange rates. It is_quite possible that all the econo- | mies that have been effected by the | German concerns are canceled by labor's low productivity. The large | profits are the speculative profits, due to a many-sided manipulation of the staggering mark, - ———— The first fron nails mad were hammered into shape at Cum- | berland, R. I, in 1777, : . OF G. DISCUSSES FOREIGN Several Thousand Delegates Attend Annual Session of National Organization. By the Associated Press. NEW YORK, May $.—The annual convention of the Chamber of Com- merce of the United States, opening today with several gatex in attendance, avowedly will be | devoted to a presentation of facts concerning domestic and internation. se of the low productivity of Ger-|aj problems, by which. in the belter 1 of business men, s Of | should be guided in formulating ity policies. hisss araialioat siwayaidue to Im: | e oroien relations and the American | o _ | transportation question are two out- proved machinery. If production Were | aiading problems which loom a8 im. | Pre- | portant issues for the next presiden war rate, from 1,000,000 to 2,000,000 | {13} campaign. Julius H, Barnes, pre | 1dent of the chamber, said in an out. ployed. The reasons for low produc- | line of the purposes of the conven tion. mended by Dennison would utllize existing hmuchlner{ for d rica |and at the same time save the go AT e | erament $10,000,000 vocated a system of promotions for Help for Europe in eliminating | the war menace and getting her man- ||/ power back to production basis and ! Finally, there is an enormous Waste | for tje American railroads in solving the problem of service with judicious | regulation are expected to be recom- five committees which have been investigating both subjects | here and abroad. Henry S. Dennison, president of the Manufacturing Company, presented in an address to the con- ventlon a plan for co-operation with the postal authorities which he sald | to the full America's MAY 8, 1923. RAIL STRIKE IN BELGIUM. BRUSSELS, May 8.—All rail trafic in the direction of Antwerp was held up today by a strike of the railway mon, whno announced that they were acting in sympathy with the protest of em- |3 ployes in the Antwerp freight yards. Three thousand telephone workers also were out. The government threatened workers which would elim- isting rule that a post- be a resident of the city where he is appointed and would per- mit the advancement of competent office officials from smaller to salaried offices. . He also advocated an jndeterminate term of office for the Postmaster Gen- eral, ing “the most worthwhile projects in a countrywide organiza- tion must take nearly seven years to | the strikers with dismissal or suspen- get into full bearing.” He would have sion. . the department pay bigger salaries to tamendes cniomial i its high executives so that “it may offer a career which would appeal to | 0 RUSS EXPORTS TO BRITAIN | the ablest men.” Mr. Dennigon urged that bostal| MOSCOW, May 8—According to re- business be stributed more evenly throughout the twenty-four hours. He | POT'S from Petrograd all exports to asked that business help establish the | Great Britain have been stopped. Ap- custom of sending large lots of mat- | parently this step has been taken by the government because of the British _note reported to be on its ter directly from point of origin to railroad stations, to eliminate unnec- way, which might result in breaking oft relations. -~ [T TP TSR (Tl | 1309 G ST. NW. 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