Business: Industrial Penetration

Averell Harriman and the Anaconda Copper Mining Co. bought control of the Georg von Giesche Heirs Mining Co. in Poland for $10,000,000 (TIME, June 14). They have just organized the Silesian-American Corp. to operate those Silesian properties as a subsidiary of Anaconda, the first important instance of an industrial enterprise of one 'country so overlording a similar one in another country. Last week Silesian-American sold $15,000,000 collateral trust bonds in Manhattan, to use in operations.

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