Word: creusto
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...director of the Banque de I'Union Parisienne, one of whose most profitable sources of business is the financing loans for armaments. In 1920 he founded and became the President of the Union Europeenne Industrial et Financier--a holding company, capitalized at 140,000,000 Frances. Through it Schneider-Creusto controls 182 French companies that manufacture heavy ordnance, machine guns, tanks, shells, ammunition, and warfare chemicals. Out of the $300,000,000 which, at the most conservative guess, represents the annual billing of France's armament concerns, Schneider-Creusot or subsidiaries takes the lion's share...
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