Construction company for railway companies F. Plessner & Comp.
The construction company for railway companies F. Plessner & Comp. , also known as Plessner & Co. for short, was a railway construction company based in Berlin . The business purpose of the partnership limited by shares was the planning and construction of railway lines .
history
The company was founded on March 20, 1870. The management was incumbent on the personally liable partners (directors), the civil engineer Ferdinand Pleßner , after whom the company was also named, and the district administrator a. D. Ernst Otto Schubarth. The latter was replaced on April 1, 1873 by the lawyer Diedrich Krönig and the builder Paul Gottheiner. The first board of directors, which consisted of members of the founding committee, included Paul Mendelssohn-Bartholdy , Albert Borsig , Eduard Koch, Jacob Löb Eltzbacher, Adelbert Delbrück , Julius Alexander, John Simson, Carl David Schultze and Theodor Hertel.
The share capital rose from initially 0.75 (1870/71) over 3 (1872) to 4.5 million thalers . The share prices reached 180% of the issue price within a very short time. This overvaluation was driven on the one hand by a dividend of 14% and on balance sheets that showed a high profit. In January 1875 the company had to file for bankruptcy. The company's shareholders lost a total of eight million talers, the creditors another five million. Lawsuits against the Board of Directors for falsification of the balance sheet were rejected or withdrawn by the courts.
The construction company for railway companies F. Plessner & Comp. was in particular a contractor for railway projects in the Thuringian states, Saxony, Brandenburg and Silesia. By the time work was stopped in 1874, only part of the routes had been completed. For some of the clients this led to insolvency.
Construction project
| Line structures of the construction company for railway companies F. Plessner & Comp. | |||
|---|---|---|---|
| Client | stretch | start of building | comment |
| Altenburg-Zeitz railway company | Altenburg – Zeitz | 1870 | Completion in May 1872, commissioning on June 19, 1872, taken over by the Kingdom of Saxony on January 1, 1896 |
| Upper Lusatian Railway Company | Kohlfurt – Falkenberg | 1871 | Commissioning on June 1, 1874, taken over by the Kingdom of Prussia on May 1, 1887 |
| Upper Lusatian Railway Company | Ruhland-Lauchhammer | 1871 | Commissioning on October 15, 1875, taken over by the Kingdom of Prussia on May 1, 1887 |
| Münster-Enscheder Railway Company | Munster-Enschede | 1871 | Completion of the line by the Royal Westphalian Railway Company , commissioning on September 30, 1875 |
| Angermünde-Schwedt Railway Company | Angermünde-Schwedt | 1872 | Commissioning on December 15, 1873, taken over by the Kingdom of Prussia on February 1, 1880 |
| Saxon-Thuringian Railway Company |
Wolfsgemeinschaftth – Weischlitz ("Gera-Plauen") |
1872 | Completion of the line by the company, commissioning until September 20, 1875, taken over by the Kingdom of Saxony on July 1, 1876 |
| Chemnitz-Komotau Railway Company | Reitzenhain – Flöha with a branch to Olbernhau | February 22, 1872 | Completion of the line by the company itself, commissioning on May 24, 1875, taken over by the Kingdom of Saxony on December 4, 1876 |
| Leipzig-Meuselwitz railway company | Gaschwitz – Meuselwitz | 1872 | Commissioning on September 27, 1874, taken over by the Kingdom of Saxony on January 1, 1886 |
| Zwickau-Lengenfeld-Falkensteiner Railway Company | Zwickau-Falkenstein | Spring 1873 | Commissioning on September 18, 1875, taken over by the Kingdom of Saxony on July 15, 1876 |
| Oels-Gnesener Railway Company | Oels-Gnesen | 1873 | Commissioning on June 30, 1875, later taken over by the Kingdom of Prussia |
| Erfurt-Hof-Eger Railway Consortium | Railway line Erfurt-Hof-Eger | 1874 | no completion |
Individual evidence
- ^ Staatsbibliothek zu Berlin PK, music department with Mendelssohn archive, MA Nachl. 5, XII / VI, 113.
- ↑ Description on www.historische-wertpapiere.de