Cohen Brothers (Hanover)

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Gebrüder Cohen or Gebrueder Cohen in Hanover was a private bank specializing in the construction industry with an attached wood wholesaler . The bank was one of the oldest Hanoverian credit institutions .

history

At the time of the Kingdom of Hanover , Bernhard Cohen, who was born in Goslar , completed an apprenticeship with the Goslar businessman JS Ehrhardt from Easter 1847 to April 2, 1852. A related document, illustrated with a vedute of the mountain town in the Harz Mountains , of the “Heads and Comrades of the Praiseworthy Merchants Guild in the Royal Hanoverian City of Goslar” also later certified the Cohen brothers with a letter and seal of their qualities as honorable merchants .

A good five years after passing his business exam, Bernhard Cohen and his brother Nathan founded a timber wholesaler in the royal seat of Hanover on October 1, 1857, to which a banking department was attached from the start. In addition to general banking and commercial transactions during industrialization , the aim was , on the one hand, to promote construction activities, especially by construction companies, by granting building funds, and at the same time to promote their own lending business, and on the other hand, to increase sales of the increasingly popular timber . The loans in goods and money for the buyers, who are primarily to be assigned to the middle class, as well as a banking support up to the successful completion of the construction provided the Cohen brothers with an almost steadily growing customer base.

Only at the beginning of the timber trade were only domestic types of wood traded, but the product portfolio was soon expanded to include the import of foreign timber. Initially, the timber business was still on a leased property in Augustenstrasse, but in 1864 the storage area was relocated to a larger, own property on Celler Strasse. There the first woodworking and planing machines in Hanover were put into operation around the same time. The steady expansion of the city, not only during the early days of the company, made the company's storage areas turn into ready-to-build areas again and again and resulted in several warehouse moves. In the founding of the German Empire , the brothers Cohen chatted at their locations circumnavigated and Old Celler Straße 17 , according to one in the province of Hannover survey carried out in the Commercial Association heated by under fire boilers to operate a sawmill .

At the turn of the century, while the company's founders were still alive, their sons joined the company as partners; Carl Cohen on January 1, 1895 and Otto Cohen (born April 6, 1871) on April 1, 1901.

During the Weimar Republic in 1925, the company sold its storage space on Grenzweg to Continental AG . At the same time, “a newly established property” was put into operation on the company's own 12,500 square meter site at Jahnplatz. At the end of the 1920s, the company had its registered office in Prinzenstrasse 17.

In the course of the global economic crisis , the company “Gebr. Cohen “filed all payments and filed for bankruptcy in the early 1930s .

See also

Individual evidence

  1. ↑ a b c George Wenzel (arr.): Cohen Otto , in this. German business leader . Life courses of German business personalities. A reference book on 13,000 business personalities of our time , Hamburg; Berlin; Leipzig: Hanseatische Verlagsanstalt, 1929, p. 39; Preview over google books
  2. ↑ a b c d e f g Julius Blanck (?): Honor roll and founding sequence of the anniversary companies of the Hanoverian banks and bankers , as well as o. V .: Gebrueder Cohen, wood dealers and banking business, Hanover , in Paul Siedentopf (main editor ): Das Book of the old companies of the city of Hanover in 1927 (DBdaF 1927), with the assistance of Karl Friedrich Leonhardt (compilation of the picture material), Jubiläums-Verlag Walter Gerlach, Leipzig 1927, p. 150, 177
  3. ^ Moritz Rühlmann : Technical and statistical information about the steam boiler for commercial operations in the province of Hanover. Compiled from official sources by Professor Rühlmann , in: Mittheilungen des Gewerbe-Verein für Hannover , Neue Reihe, 1872, column 139–354; here: columns 179-180; Digitized via Google books
  4. ^ Gustav Voltmer: The banking system in the city of Hanover, its development and situation , law and political science dissertation 1931 at the Georg-August University, Gottingen 1931, p. 75 and others; Preview over google books