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Updated: May 14, 2025
Once in Germany, this information was carefully card-indexed for the use of the manufacturers. Bulletins of commercial information were also prepared and placed at their disposal. In Germany, the collection of all commercial information is under a bureau which is controlled and financed by the great German banks, such as the Dresdner, Disconto, and Reichs Bank."
By way of obtaining complete control of this vital element of Russia's industrial life, the Deutsche Bank went to work to form a syndicate, had a number of private wells bought up, united them in one, acquired numerous shares in Russian oil companies, and had the manager of another German bank the well-known Disconto Gesellschaft made a member of the Board of the Russian Nobel Company.
"My discoveries are several, and of an interesting nature. First, a person named Hardt, who is often resident in Petrograd, is the secret courier of the Empress between Potsdam and Tsarskoe-Selo. Secondly, a sum of one hundred thousand marks was paid by the Dresdner Bank on March 11th last to the account of one Boris Stürmer, who has an account in Riga at the Disconto Gesellschaft.
The famous firm of Krupps, for instance, had its affairs closely interwoven with those of the Berliner Disconto Gesellschaft, and was more than once rescued from bankruptcy by its timely assistance. Similar help was afforded to the celebrated firm of Bauer which is known throughout the world for its synthetical medicines.
All checks and letters of credit must, however, be stamped by American consuls, and consuls must see that the consular stamp is affixed to those checks and letters of credit only as are the bona fide property of American citizens. The Commerz & Disconto Bank makes the same offer and the Deutsche Bank will cash checks and letters of credit drawn by its correspondents.
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