Word: ruhr
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Bigness is no longer something for which steelmakers of the war-splintered Ruhr have to apologize. With fierce competition in the steel market, mergers to streamline production are becoming a must for survival. For a year now, 29 German steel producers have been coordinating their sales and investments through four regional cartels regarded as laboratories for eventual mergers. Last week two major steel companies, the legendary August Thyssen-Hütte and the oldest Ruhr steel producer, Hüttenwerk Oberhausen A.G. (HOAG), announced merger plans that would make them the world's fourth largest steel company, after...
...Treasury Secretary Henry Morgenthau was more or less on Hemingway's side. He proposed that Germany be broken up into autonomous agrarian states, that the Ruhr and Saar industrial complex be dismantled and carted away to Allied countries after its mines were flooded and dynamited, and that all German men between the ages of 20 and 40 be transported to Central Africa to work as slave laborers on a mammoth "international...
Bucolic Virtues. Morgenthau labeled as a fallacy the argument of War Secretary Henry L. Stimson and such State Department planners as Dean Acheson that Europe's economic health depended on German industrial production. By closing down the Ruhr and Saar, he argued, the Allies could revive the flagging industry of France, Belgium and Britain. As for the millions of Germans who would be left unemployed by such moves, Morgenthau said: "Sure, it is a terrific problem. Let the Germans solve it. Why the hell should I worry about what happens to their people?" As a farmer, Morgenthau firmly believed...
...entrance hall of Villa Hiigel, the 200-room stone and steel mansion where Alfried Felix Alwyn Krupp von Bohlen und Halbach was born, 500 business, political and labor leaders gathered late last week for the funeral of the last sole ruler of the Ruhr's most powerful industrial dynasty. After the eulogies, a Krupp band struck up a miners' song called Glueck Auf (Good Fortune) and led the way out through a crowd to a hearse waiting in the rain. Behind followed ten Krupp miners bearing the oaken casket. Visibly in tears was Krupp's longtime confidant...
...within 400 miles. Refined oil is loaded into trucks and rail cars, hauled inland by barge along the Rhine and Meuse rivers or transshipped by vessel. Crude oil can also be sent through a pipeline that cuts cross-country to Frankfurt. Next year a new pipe line to the Ruhr promises to pump 40 million tons annually, which will double the present line's capacity...