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Silesian-American Corporation
Silesian-American Corporation (SACO) was registered as a corporation in Delaware in 1926 to assume ownership of the Giesche Spolka Akcyjna (Giesche) that was registered as a corporation in Katowice, Poland earlier during the interwar period. SACO gave substantial loans to Giesche’s Erben by selling $15,000,000 collateral trust sinking fund bonds that would mature on August 1, 1941. Giesche was that part of the holdings of the German corporation Bergwerksgesellschaft Georg von Giesche's Erben (commonly referred to as Giesche’s Erben) that were in the previously German controlled Upper Silesia territory with the re-established Poland. SACO was 100% owned by: the Silesian Holding Company (51% of common stock and 58,33% of preferred stock) and Giesche (49% of common stock and 41,67% of preferred stock). Silesian Holding Company was owned by Anaconda Copper Mining (65%) and W. Averell Harriman. Harriman's portion would later be owned by Harriman, close affiliates and associates. ...
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Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Delaware Bay, in turn named after Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor. Delaware occupies the northeastern portion of the Delmarva Peninsula and some islands and territory within the Delaware River. It is the second-smallest and sixth-least populous state, but also the sixth-most densely populated. Delaware's largest city is Wilmington, while the state capital is Dover, the second-largest city in the state. The state is divided into three counties, having the lowest number of counties of any state; from north to south, they are New Castle County, Kent County, and Sussex County. While the southern two counties have historically been predominantly agricultural, New Castle ...
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Eduard Schulte
Eduard Schulte ( 4 January 1891 in Düsseldorf – 6 January 1966 in Zürich) was a prominent German industrialist. He was one of the first to warn the Allies and tell the world of the Holocaust and systematic exterminations of Jews in Nazi Germany occupied Europe. During World War I, Schulte led the department for soap production within the War Ministry. Due to his career as a manager in the 1920s to 1940s, he had frequent contact with high German government and military officials, as well as other industrialists who had access to important information. Giesche’s Erben Company Bergwerksgesellschaft Georg von Giesche's Erben (Giesche's Erben) was a German-owned company and a successor to the huge industrial properties of the aristocratic Giesche family. In 1922, a major part of Giesche's Erben properties located in Silesia were included in the territory of the newly designated Republic of Poland. Giesche's Erben had created Giesche Spolka Akcyjna (Giesche) in order to consoli ...
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Mining Companies Of Poland
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and fin ...
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Companies Based In Delaware
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Alien Property Custodian
The Office of Alien Property Custodian was an office within the government of the United States during World War I and again during World War II, serving as a custodian to property that belonged to US enemies. The office was created in 1917 by Executive Order 2729-A under the Trading with the Enemy Act of 1917 (TWEA) in order to "assume control and dispose of enemy-owned property in the United States and its possessions." History Sec. 6 of ''TWEA'' authorized the president to appoint an official known as the "alien property custodian" (APC) who is responsible for "receiv ng,... hold ng administer ng and account ngfor" "all money and property in the United States due or belonging to an enemy, or ally of enemy ... ." ''TWEA'' was originally enacted during World War I "to permit, under careful safeguards and restrictions, certain kinds of business to be carried on "among warring nations, and to "provid for the care and administration of the property and property rights of enem ...
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Leo Crowley
Leo Thomas Crowley (August 15, 1889 – April 15, 1972) was a senior administrator for President Franklin D. Roosevelt as the head of the Foreign Economic Administration. Previously he had served as Alien Property Custodian and as chief of the Federal Deposit Insurance Corporation. Late in the 1930s, senior Washington officials discovered that Crowley had embezzled from his banks in Wisconsin in the 1920s and early 1930s. They covered it up. Biographer Stuart Weiss says, Crowley's is: :the darker story of the businessman as speculator and embezzler, whose fraud was covered up in Wisconsin and Washington.... n part it isthe morally complex and compelling story of Crowley as a bureaucrat and politician in Washington, administering multiple major agencies, often simultaneously;...but also deeply involved in conflicts of interest a later generation would find unacceptable and even incomprehensible. Early life Leo Crowley was born to Thomas and Katie Crowley in Milton, Wisconsin ...
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Trading With The Enemy Act
Trading with the Enemy Act is a stock short title used for legislation in the United Kingdom and the United States relating to trading with the enemy. ''Trading with the Enemy Acts'' is also a generic name for a class of legislation generally passed during or approaching a war that prohibit not just mercantile activities with foreign nationals, but also acts that might assist the enemy. While originally limited to wartime, in the 20th century these Acts were applied in cases of national emergency as well. For example, in 1940, before the United States entry into World War II the president imposed broad prohibitions on the transfer of property in which Norway or Denmark, or any citizen or national of those countries, or any other person aiding those countries, had any interest, with the exception of transfers which were licensed under the regulations of the Department of the Treasury. List France *Continental System, French Napoleonic edict from 1806 to 1814 United Kingdom *The ...
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United States Treasury Department
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes. The de ...
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Bankruptcy Act Of 1898
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, ) was the first United States Act of Congress involving bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ... to give companies an option of being protected from creditors. Previous attempts at federal bankruptcy laws had lasted, at most, a few years.See Debt's Dominion: A History of Bankruptcy Law in America, David A. Skeel, Jr., Princeton University Press 2001 (sample online a). Its popular name is a homage to the role of Senator Knute Nelson in its composition. It was significantly amended by the Bankruptcy Act of 1938 and was superseded by the Bankruptcy Act of 1978. See also * Bankruptcy Act * History of bankruptcy law in the United States References External links *Bankruptcy Attorney Unite ...
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Giesche
Giesche Corp. (Giesche Spolka Akcyjna) was, during the interwar period, part of and owned by the German firm of Bergwerksgesellschaft Georg von Giesche's Erben (commonly called Giesche's Erben) and represented those holdings of Giesche's Erben, that after the implementation of the Treaty of Versailles with re-establishment of the Republic of Poland in 1922, were now in Polish territory; registration at Katowice as a Polish corporation followed with a name that had been registered in Prussia about 1907. The corporation was one of the largest mining concerns operating in Upper Silesia, Poland, during interwar. It had the largest Polish zinc output (40% of Poland's zinc production) out of the largest zinc mines in Europe. It was one of the largest bituminous coal producers (3,500,000 tons yearly). It had smelters and rolling mills, factories and agricultural and forests properties. Its largest zinc mine was the White Sharley/Bleischarley Its biggest zinc mills were Giesche (later known ...
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Anaconda Copper
The Anaconda Copper Mining Company, known as the Amalgamated Copper Company between 1899 to 1915, was an American mining company headquartered in Butte, Montana. It was one of the largest trusts of the early 20th century and one of the largest mining companies in the world for much of the 20th century. Marcus Daly bought the original silver mine, named the Anaconda, in 1880. Daly partnered with George Hearst, James Ben Ali Haggin and Lloyd Tevis in 1881 to develop it, and the company expanded dramatically in 1882 with the discovery of huge copper deposits. In 1883, Daly began building a smelter and the town of Anaconda to process copper mined in Butte. In 1899, with Hearst and Tevis deceased, Haggin retired and Daly restructured the company, into the Amalgamated Copper Company bringing in H H Rogers and William Rockefeller. By 1910, Amalgamated had expanded its operations and bought the assets of all other copper companies operating in Butte. In 1922, Anaconda bought mini ...
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