Debts of Former Magnate to German Banks to be Paid Off Berlin, Oct, 7.
Negotiations between the Hugo! Stinnes family and an American banking syndicate for a $25,000,000 Toan have been concluded. It is mutually agreed to combine the entire property of the- Hugo Stinnes family in two "holding" companies to be founded in the United States.
The property comprises a coal mine, shares in industrial plants and 'a coal business at Muelheim, the Stinnes fleet and river craft. be put on] market, will debt to the banks in Berlin—Reuter..
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