| |
| | TIME.com: Krupp & the Jews -- Jan. 4, 1960 -- Page 1 |
 | | To "help heal the wounds suffered during World War II," Alfried Krupp von Bohlen und Halbach, sole owner of the billion-dollar Krupp industrial combine, agreed last week to pay up to $2,380,000 to former Jewish slave laborers. |
 | | Krupp officials estimate that there will be some 1,200 valid claims; the Claims Conference believes that there may be as many as 2,000. |
 | | One reason for Krupp's gesture: he is hoping for, and will probably get, a year's extensionor even a cancellationof the Allied demand that he divest himself of all his coal and steel holdings by January 31. |
| www.time.com /time/magazine/article/0,9171,869365,00.html (406 words) |
|