1632: Essen Steel
“It happened in Grantville, ten days after the Croat raid.
"But I don't understand, Axel." Gustavus Adolphus snorted. "Why just the mineral rights? Since I'm Emperor, I can simply declare him Baron of Essen. The man deserves it after all these years." Axel shook his head. "No. Louis is right. If you start secularizing all the ecclesiastical territories in your new domain it will make a lot of princes nervous. But doling out mineral rights … " Axel waved his hand. "That will be expected." "We...ll, then." Gustavus Adolphus grinned. "Let's surprise De Geer for once. We'll add Werden Stift as well." * * * When word of that decision reached Amsterdam, the Essen Steel Company was formed. Its initial capitalization was 2.8 million guilders.
The celebration of the company's founding took place in the mansion of Balthasar Coymans, one of Amsterdam's richest merchant bankers. It was late in the afternoon when Steven Gerard came across his brother-in-law.MoreLess
"But I don't understand, Axel." Gustavus Adolphus snorted. "Why just the mineral rights? Since I'm Emperor, I can simply declare him Baron of Essen. The man deserves it after all these years." Axel shook his head. "No. Louis is right. If you start secularizing all the ecclesiastical territories in your new domain it will make a lot of princes nervous. But doling out mineral rights … " Axel waved his hand. "That will be expected." "We...ll, then." Gustavus Adolphus grinned. "Let's surprise De Geer for once. We'll add Werden Stift as well." * * * When word of that decision reached Amsterdam, the Essen Steel Company was formed. Its initial capitalization was 2.8 million guilders.
The celebration of the company's founding took place in the mansion of Balthasar Coymans, one of Amsterdam's richest merchant bankers. It was late in the afternoon when Steven Gerard came across his brother-in-law.MoreLess
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