Ephraim Meyer & Son
The Ephraim Meyer & Sohn banking house was a private bank in Hanover .
history
The banking house had its origins in the business founded in 1799 by the money changer and banker Ephraim Meyer . After his son Louis Ephraim Meyer became a partner in 1847 , the company was changed to Bankhaus Ephraim Meyer & Sohn . In 1849 Louis Ephraim Meyer became the sole owner . When - in the course of industrialization in the Kingdom of Hanover - the banking business continued to expand, Meyer bought the Dachenhausenpalais of the late Landdrost Friedrich Wilhelm von Dachenhausen in the Calenberger Neustadt district as the new company headquarters .
The bank was involved in numerous industrial and company start-ups, including
- the Peiner Hüttenwerk (later the Ilseder Hütte );
- the share sugar factory Neuwerk ;
- 1857: the Hanover iron foundry ;
- 1871: the Georg Egestorff salt works and chemical factories.
The bank worked with the Braunschweig-Hannoversche Hypothekenbank, founded in 1872, and the Hannoversche Immobilien Gesellschaft founded by the Hanoverian architect and entrepreneur Ferdinand Wallbrecht in 1890 . Also on emissions of bonds of the now Prussian province Hanover and the Hanover Meyer was involved & Sohn.
In 1895 the bank moved into a new building at Luisenstrasse 9 near the banking district and the main train station . The building was equipped - especially for the growing business with private customers - with a cash room and a steel chamber over two floors.
Also in 1895 the Norddeutsche Bank in Hamburg became limited partner of Ephraim Meyer & Sohn; the two banks have worked together ever since. In 1912 Meyer & Sohn employed a total of five authorized signatories and three authorized representatives , as well as 50 employees and eight messengers and messenger boys.
On the occasion of the inauguration of the city's new town hall in 1913 , the bank donated a silver centerpiece , thereby underscoring its close relationship with the city administration. According to Julius Blanck (see literature), in the Weimar Republic around 1920 the bank was considered the “first banking company in the province of Hanover”.
Shortly after the German hyperinflation , Ephraim Meyer & Sohn ran into payment difficulties in 1924: They had issued a guarantee to be redeemed on a loan from the now insolvent HAWA ( Hannoversche Waggonfabrik ) - and now had to be supported by a consortium of other private banks initiated by the Reichsbank . As a result, the founding Meyer family lost their shares in the bank; these were taken over by the banking house ZH Gumpel .
In the wake of the global economic crisis of 1929, Ephraim Meyer & Sohn suffered further losses. But only in the seizure of power , the bank drew to a close in 1933 in liquidation and finally - in the middle of World War II disbanded in 1941 -.
See also
literature
- Paul Wolf (arr.): Germany's urban development . Hanover , ed. in agreement with the magistrate d. City of Hanover, Berlin-Halensee: "Dari" German architecture and industry publishing house , Berlin 1922, p. 210f.
- Julius Blanck : The banking and stock exchange in the city of Hanover , 2nd edition, Hanover: Theodor Schulze, 1927, passim
- Peter Schulze : Bankhaus Ephraim Meyer & Sohn. In: Klaus Mlynek, Waldemar R. Röhrbein (eds.) U. a .: City Lexicon Hanover . From the beginning to the present. Schlütersche, Hannover 2009, ISBN 978-3-89993-662-9 , p. 47.
Web links
References and comments
- ↑ a b c d e f g h i j k l m n Peter Schulze: Bankhaus Ephraim Meyer & Sohn (see literature)
- ↑ Peter Schulze: Dachenhausenpalais. In: Stadtlexikon Hannover , p. 121
- ^ Matthias Schmitt (Management Board): Lot 724 of the auction of the HWPH Historisches Wertpapierhaus AG , last accessed on July 13, 2012
- ↑ Note: The bibliography given in the city lexicon The book of the old companies of the city of Hanover in 1927 , Leipzig: Jubiläums-Verlag Walter Gerlach, 1927, p. 210f. is wrong; the book only mentions the bank
Coordinates: 52 ° 22 ′ 12.2 " N , 9 ° 43 ′ 29.6" E