MINING: Return of the King

On his "Pond Run Farm" near New Richmond, Ohio, roly-poly John William Haussermann packed his bags. He put in some of his favorite blue suits, a clutch of flashy ties and plenty of cigars. Then he kissed his wife goodbye, took a last look at the Ohio River, where he swam as a boy, and drove into town to take the train. Last week, at 80, the gold king of the Philippines was on his way back to the islands to rebuild his war-shattered empire.

Since war's end, John Haussermann had been busily scraping up money and shipping off equipment...