Word: schuckert
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Governments often come to the aid of their country's industries. Seldom do industries render direct financial aid to their governments. Last week four great electric corporations - Siemens-Schuckert, German General Electric, Bergmann Electrical Co. and Brown Boveri-lent $12,000,000 cash to the German State Railways, to electrify roads in the south of Germany (particularly the Augsburg-Stuttgart line) and incidentally reduce unemployment by providing work for 10,000 men for a year and a half...
German electric companies could afford this. It has been a lush year for their stockholders. German General Electric recently declared a 7% dividend. Last week Siemens-Schuckert declared 7½%. Potent Siemens & Halske, nearly 20% of whose stock is owned by U. S. individuals and investment trusts, cut a 14% melon...
Fortnight ago Siemens Schuckert of Berlin* announced a new switch to handle current up to 600,000 volts without spattering fire. It does not resort to the use of oil baths or air blasts. It operates in a pool of a secret liquid, allegedly far more efficient than...
...Siemens Concern, of which Siemens Schuckert is a branch, is Germany's great electrical equipment company. Employing 110,000 men they manufacture telephones, electrochemical products, steam turbines, generative equipment...
Germans got the business because an Irish youth, T. A. McLaughlin. who graduated by Dublin University after the War, went job-hunting to Berlin, signed on with Siemens-Schuckert, dazzled his German bosses with talk of the profits they could make electrifying Ireland's Shannon. First in the field for his firm with ideas and plans, smart Dr. T. A. McLaughlin was able to sell the Free State Government his idea, is now actively in charge of the whole $35.000,000 development...