CONDITIONS IN PARTICULAR INDUSTRIES. 369

In Australia Aron Hirsch und Sohn are interested in such important
metal enterprises as the Electrolytic Smelting &amp; Refining Co. and the
Mount Morgan Gold Mining Co. (Ltd.), one of the largest Australian
copper producing companies. Through the latter company Aron
Hirsch und Sohn are connected by common directors with Goldsborough
 Mort &amp; Co.,bankers and brokers and with the Broken Hill
Proprietary Block 10 Co. (Ltd.).
The international ramifications of the Hirsch interests also extend
to numerous companies in the United States and Mexico. The firm of
Ludwig Vogelstein &amp; Co., New York, of which the firm of Aron Hirsch
und Sohn is a special partner, serves as intermediary between the
Hirsch interests and several of the American companies. The chart
shows the names of 19 companies which are connected directly or
indirectly with the firm of Aron Hirsch through interlocking directorates
 or stock holdings.
Beer, SoNpEEIMER &amp; Co.—The firm of Beer, Sondheimer &amp; Co.,
Frankfurt, a. M., is the center of another large group of enterprises
in the international metal trade, and ranks next in importance to the
Merton concern, with which it has certain interests in common. In
1906 Beer, Sondheimer &amp; Co. founded the Tellus A. G. fiir Bergbau
und Hiittenindustrie. This company in turn controls, through stock
ownership, or interlocking directorates, 36 other companies, the names
of 12 of these concerns being shown on the chart. Beer, Sondheimer
&amp; Co. also are connected with the National Zine Co. (New York), and
the Elder’s Metal Co., of Australia. The international character of
its business is seen from the fact that in the group are German, Austrian,
 Italian, Belgian, French, American, and Australian companies.
27241°—16——20