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Deutsche Bank, 248 million marks; Diskonto Gesellschaft, 149 millions; Dresdner Bank, 261 millions; Darmstädter Bank, 192 millions; Berliner Handelsg. 145 millions; Commerz- u. Diskonto Bank, 100 millions; Nationalbank, 98 millions; Mitteldeutsche Kreditbank, 69 million marks.
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."
"They manage these things differently in Germany. In the three banks to which we have already referred, after payment by the Deutsche Bank of 5 per cent. of the net profits to reserve, and of the ordinary dividend of 6 per cent., and by the Disconto-Gesellschaft and the Dresdner Bank of 4 per cent., the directors receive respectively 7 per cent., 7-1/2 per cent., and 4 per cent.
Excess capacity coupled with increasing competition, globalization, privatization, and deregulation led to ferocious price wars and to consistently declining prices. Quoted by "The Economist", Dresdner Kleinwort Wasserstein noted that America's industry is already in the throes of deflation.
"A secret branch of the Dresdner Bank," said Beale. "That's promising. Has Doctor Van Heerden ever paid you money before?" By now Mr. White was the most tractable of witnesses. All his old assurance had vanished, and his answers were almost apologetic in tone. "Yes, Mr. Beale, small sums." "On what bank?" "On my own bank." "Good again.
But to date more than half of these rediscounted bills have been paid. It may be of financial interest to narrate how payments could be accomplished when by the King's orders there could not be any "dealings with the enemy" and payment to either side was forbidden by both. Yet the Dresdner Bank and other big German and Austrian banks have to date met fully one half their London obligations.
"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.
It is the first of the six great German banks, of which four are known as the "D" group, because the first letter of their respective names is D: Deutsche Bank, Dresdner Bank, Disconto-Gesellschaft and Darmstädter Bank. The other two are the Schaffhausenscher Bankverein and the Berliner Handelsgesellschaft. The total capital of these six concerns amounts to 1,100 million francs. Op. cit., p. 113.
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