The Bridgeport Projectile Company contracted with the Ætna Powder Company, one of the largest producers of explosives in America, for its entire output up to January, 1916, and then turned round and offered the Spanish government a million pounds of powder. The Spanish representatives may have suspected the identity of the company, for they raised certain objections to the contract, to which Heynen refused to listen, and he also reported to his superiors that British and Russian purchasing agents were going to call on him within a few days. He made a contract with Henry Disston & Co. for two million pieces of steel, most of them tools, for which Schmidt advanced the money. He contracted with the Camden Iron Works of Camden, N. J., for presses, and posted a forfeit of $165,000 in case the contract should be cancelled; the contract was signed and cancelled the next day by the Bridgeport company, causing the Camden concern great business difficulty. Thus, by the manipulation of contracts, Dr. Albert and his associates were accomplishing the following ends: 1. Arranging to supply Germany with shells and powder (as soon as smuggling could be effected) at a time when official Germany was attempting to persuade the United States to place an embargo on the shipment of war materials to the Allies. 2. Securing a monopoly on all powder available. 3. So tying up the machinery and tool manufacturers that all their production for months to come was under contract to the Bridgeport Projectile Company, yet so wielding the cancellation clauses in its contracts that delivery could be delayed and the date further postponed when the manufacturers of machinery and tools could be free to take Allied orders. 4. Arranging to accept contracts for the United States and the Allies under such provisions that there would be no impossible forfeit if the contracts could not be fulfilled. This would have the effect of making the Allies believe that they were going to receive supplies which the Bridgeport Projectile Company had no intention of furnishing them. 5. Heynen, by the contract with the munitions industry, which his work afforded, knew where Allied orders for shells were placed, and he learned to his pleasure that the Allies were being forced to contract for shrapnel which was forged--a less satisfactory process than pressing. He also learned that the first two orders for forged shrapnel placed by the Allies had been rejected because the product was inferior. 6. Paying abnormal wages with the unlimited funds at its disposal, stealing labor from the Union Metallic Cartridge Company in Bridgeport, and generally unsettling the labor situation. 7. Offering powder to Spain, a neutral with strong German affiliations.