Disconto Society
The Disconto-Gesellschaft - actually Direction of the Disconto-Gesellschaft - was one of the largest German banking companies . It was founded in 1851 and merged with Deutsche Bank AG in 1929 . Their seat was in Berlin .
history
The Disconto-Gesellschaft was founded according to the plans of the banker David Hansemann as a cooperative with 236 members who brought in 541,600 thalers (= 1.6 million marks ) and started business on October 15, 1851. Originally, the maximum amount of a business share should be 10,000 thalers (= 30,000 marks). However, this maximum amount was increased to 60,000 thalers (= 180,000 marks) by 1855, so that the Disconto-Gesellschaft was converted into a partnership limited by shares in 1856 due to the changed shareholder structure . From 1859 the Disconto-Gesellschaft also participated in the issue of Prussian government bonds . For decades after 1866, it was the most powerful bank in the Prussian consortium that placed Prussian and German government bonds on the market.
Adolph von Hansemann , a son of David Hansemann, took over the management after his death in 1864 and ran the bank very successfully until his death in 1903.
Until 1895 the Disconto-Gesellschaft was only active in Berlin. In 1895 the Norddeutsche Bank in Hamburg was converted into a subsidiary of the Disconto-Gesellschaft through negotiations by Max von Schinckel - who later became chairman of the supervisory boards of both institutes. The shareholders of Norddeutsche Bank received 40% of the shares in Disconto-Gesellschaft, whose share capital was increased to 115 million marks as a result of this merger. In the following years, Disconto-Gesellschaft grew into one of the largest German banks by taking over other banks.
The Disconto-Gesellschaft took over
- 1901 the MA banking house of Rothschild & Sons in Frankfurt am Main
- 1904 the Schultze & Wolde bank in Bremen
- 1911 the bank Bamberger & Co. in Mainz
- 1914 the A. Schaaffhausen'schen Bankverein in Cologne (formally independent until 1929)
- 1915 the Rheinische Bank in Mülheim an der Ruhr
- 1916 the Königsberger Vereinsbank in Königsberg
- 1917 the Magdeburger Bankverein in Magdeburg and the Westfälisch-Lippische Vereinsbank AG in Bielefeld
- 1918 the Trierische Volksbank AG in Trier
- 1919 the Stahl und Federer banking house in Stuttgart
- 1919 the banking firm Hermann Bartels in Hanover
- 1919 the Kade & Co. bank in Sorau and Sagan
- 1920 the Prinz & Marck jun. in Wroclaw
- 1921 the Schlesische Handelsbank AG in Breslau
- 1921 Bankhaus Macaire & Compagnie family Macaire in Konstanz
- 1925 the bank for Thuringia in Meiningen
- 1928 the Deutsche Hansa-Bank AG in Munich
In 1929, the Deutsche Bank , the Disconto-Gesellschaft, the Rheinische Creditbank and the A. Schaaffhausen'sche Bankverein merged to form the Deutsche Bank and Disconto-Gesellschaft ( DeDi-Bank ), which from 1937 was called Deutsche Bank.
Personalities
Disconto-Gesellschaft bankers often played an important role in German politics and economic history, including:
- David Hansemann (owner 1851–1864)
- Karl Mathy (owner 1855–1857)
- Adolph von Hansemann (owner 1857–1903)
- Adolph Salomonsohn (owner 1869–1888)
- Alexander Schoeller (owner 1884–1911)
- Arthur Salomonsohn (owner 1895–1929)
- Paul David Fischer , (Chairman of the Supervisory Board 1902–1920)
- Georg Solmssen (owner 1911–1929)
- Hermann Fischer (owner 1914–1919)
literature
- Manfred Pohl : Concentration in the German Banking System (1848-1980). Fritz Knapp Verlag, Frankfurt am Main 1982, ISBN 3-7819-0269-2 .
- Erich Achterberg: Berlin high finance. Emperors, princes, millionaires. Fritz Knapp Verlag, Frankfurt am Main 1965.
Web links
- Website of the Historical Society of Deutsche Bank :
- History of the Disconto-Gesellschaft (1851–1929) , accessed July 12, 2010
- Overview of the great merger of 1929 , accessed July 12, 2010
- ↑ Berlin address calendar 1918: Business advertisement for the Disconto-Gesellschaft with a total of 34 branches in various Berlin districts and the then independent cities of Charlottenburg and Lichtenberg , accessed on September 23, 2018.
- ↑ a b Disconto-Gesellschaft in Berlin Annual Report for 1919 , page 11