Word: thyssens
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HUGE RUHR MERGER is expected to link two former members of German steel trust dismantled in 1948. August Thyssen-Hütte (sales: $430 million) has asked permission from European Coal and Steel Community to buy Phoenix Rheinrohr (sales: $390 million). Authority will probably approve. Company would rank as Europe's biggest steelmaker, producing 5,000,000 tons a year, or 25% of West German supply, 10% of European Common Market output...
...Ruhr has a capacity of 15 million tons a year, but the allies, remembering Hitler, hold down Ruhr production to 11,100,000 tons for domestic use and export. Recently, the August-Thyssen Huette Steel Works asked permission to increase production from 117,000 to 1,000,000 tons. Last week a joint U.S.British-French board turned Thyssen down. The Germans were baffled. Does the West need the Ruhr badly enough to run the risks of its revival? By seeking West German participation in NATO, the West had implicity decided that it does. The answer no longer seemed so clear...
Died. Fritz Thyssen, 77, one of Germany's top prewar industrialists, "the man who made Hitler"; of a heart attack; in Buenos Aires...
...Paris press, particularly that of the Right and Left, accused Bevin and Acheson of bullying France into accepting a new dominant Germany. They recall Schuman's telling a press conference, for instance, that, though there would be a slow-down in dismantling German industry, such plants as the huge Thyssen Steel Works in the Ruhr, which made ten per cent of the Reich's war output, would definitely not be removed from proscription. On Thanksgiving day, when the protocol was announced, however, dismantling of Thyssen came to a half...
...list had no glaring omissions, with the possible exception of Field Marshal Alfred Kesselring and Industrialist Fritz von Thyssen. Industrialist Gustav Krupp von Bohlen was there, and so were Militarists Keitel, Jodl, Raeder and Doenitz. There were Financiers Funk and Schacht, ex-Foreign Ministers von Neurath and von Ribbentrop and the cloak-&-dagger diplomat, Franz von Papen; there were names once famous in the Nazi hierarchy -Hess and Streicher, Ley and Rosenberg, and Gauleiter Seyss-Inquart (Netherlands) and von Schirach (Austria). And along with the familiar names were others: Sauckel, the slave-herder; Hans Fritzsche, the propagandist; ex-Interior Minister...