STINNES’S NEWSPAPERS

Dominion, Volume 14, Issue 96, 17 January 1921, Page 5

STINNES’S NEWSPAPERS

EXTENSIVE FORESTS ACQUIRED

FOR PULP.

Copenhagen, January 14.

Herr Hugo Stinnes has acquired extensive forest areas on the Baltic coast for pulp to make paper for his sixty news-papers.—Aus.-N.Z. Cable Assn. [The "Daily Mail Year Book,” in a description of Hugo Stinnes, whom it refers to as a “rising power in politics," says: “One of the direct reeuhfe of the general election in Germany last June was the success gained by the People’s Party. It becomes a force to be reckoned with in politics. Behind the party is a sinister figure, than of Herr Hugo Stinnes. Ho is a millionaire who controls a network of enterprises, including mines, steamships, and newspapers. Since tho war he is said to have purchased over sixty journals, 'with a view to promoting tho influence of the People's Part'y. The well-known paper ‘Allgemeine Zeitung’ is now undei’ his control as proprietor. Herr Stinnes stands for tho commercial capitalists, who realise that tho only chance of recovery for Germany is by trade. Hugo Stinnes graduated at the university when he was sixteen, and for two years worked as a miner in his father’s pits. His father, dying when the son was only nineteen, left him sole heir to about £9,000,000. The Courts were successfully petitioned to allow him, though under age, to administer the great estate. His coal interests led him to the coalfield of Yorkshire before the war. In February, 1919, Herr Erzberger demanded the removal of Herr Stinnes from the Armistice Commission, because of his association with the Belgian . deportations.”]