"HUGO STINNES (1870-), German industrialist and financier, was born at Miilheim on Feb.
He was the son of Hugo Stinnes, and grandson of Matthias Stinnes, who was the founder of a firm in no great way of business at Miilheim in the Ruhr district.
After passing his leaving examination from a Realschule, young Stinnes was placed in an office at Coblentz where he speedily picked up the elements of a business training.
He remained there only two years and then established a firm of his own, Hugo Stinnes, Ltd.
They carried coal, wood and grain, also iron-ore, Stinnes having begun to manufacture iron and steel.
Stinnes managed to maintain an extensive and even a detailed knowledge of the working of all the concerns in which he was engaged, and in all of them to exact zealous and conscientious work from his business subordinates.
Both of the South German journals were previously exponents of a very much more democratic trend of opinion than that which came to characterize them under the new proprietorship. Ancillary to these acquisitions large interests were secured by Stinnes in paper-works in order to make his newspapers independent of the paper market.
The Social Democrats were believed not to be averse from Stinnes' vaster scheme, as it corresponded in certain aspects with their own plans, when they were in power, for coordinating all German industries, pending the possibility of socializing them.
The only public check which Stinnes was known to have received in the course of his career was at the Spa Conference in 1920, when he attempted to address that assembly in peremptory language concerning the impossibility of the coal deliveries demanded by the Allies and was summarily silenced by the president.