Business: Industrial Penetration

The descendants of Georg von Giesche have operated in Upper Silesia, gathering into their Bergwerke Georg von Giesche Gesellschaft Erben (Estate) zinc mines (the largest in Europe), bituminous coal fields (present production 3,500,000 tons yearly), lead mines, concentrating plants, smelting works, melting furnaces, rolling mills, agricultural lands, 20,000 employes. The ancestor in 1704 willed that no other than his lineal descendants might own stock in his Estate. But War and aftermath have impoverished these descendants. They had to appeal to the Anaconda Copper Co. and to William Averell Harriman (who has spent...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!