Heinrich Quistorp

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Heinrich Quistorp

Heinrich Quistorp (born April 30, 1836 in Wolgast ; † December 5, 1902 in Charlottenburg ) was a German merchant and banker .

Life

Heinrich Quistorp was the son of August Heinrich Quistorp (1783-1853) and his wife Johanne Hecht (1798-1877). His great-grandfather was the Rostock professor Johann Jakob Quistorp . The later Stettin entrepreneur Johannes Quistorp was his brother.

Heinrich Quistorp became a businessman and went to Glasgow . In 1862 he married the Englishwoman Emma Lumb (* 1837).

Later he went to Berlin. From 1866 he was a building developer for Berlin-Westend . A villa suburb was built there. The construction company's co-partner, Martin Gropius, took on the architectural planning . In order to ensure the water supply, he had a waterworks built on Teufelssee in Grunewald against initial resistance from the city administration of Charlottenburg . He ran the Westend company Quistorp & Co. and profited from the real estate and share speculation of the early days . Based on the model of the West End of Berlin, similar projects were developed in Wannsee, Reinickendorf and other Berlin districts, but also in Magdeburg , Wroclaw , Stettin , Danzig and Frankfurt am Main . The high point of the Westend Society was reached in 1872, when the share capital was increased by 1.5 million thalers. The profit share rose from 40 to 50% and the dividend was 17%.

In 1870 he founded the Vereinsbank Quistorp & Co. (deposit 200,000 thalers - one thaler was about three marks ) for the purpose of financing banking companies. It supported more than 29 companies in the construction and transport sector as well as industrial companies with a capital sum of over 66 million marks. Among them was the company Chemischen Fabrik auf Actien (formerly E. Schering), a forerunner of Schering AG . She placed the company's shares on the Berlin stock exchange and took care of the company's financial transactions. His business was based on short-term stock market profit and was not very solid.

Quistorp achieved great wealth during this time. In 1872 he had the court architect Ernst Petzholtz build a splendid villa in the suburb of Nauen in Potsdam, and in the same year construction began on his Germanic tower in Charlottenburg.

The collapse of the Vereinsbank triggered a series of company failures. Over 70 banks lost more than 470 million marks in loans. The collapse of the bank is described in the literature as the triggering element of the start-up crisis .

The collapse of the bank in 1873 also meant bankruptcy for the personally liable Quistorp as general partner. In 1883 he explored the possibility of setting up a settler colony in Paraguay and published a corresponding brochure in English under the name Henry Quistorp. He managed to win government support. This provided state property and contributed to the financing through loans and subsidies. A shipping line to Germany was even set up. The Neu-Germania settlement attracted a few dozen settlers, but proved to be a failure, partly because of the climate. Quistorp then returned to Germany. He lived on real estate brokerage, construction advice and money from the bankruptcy administration of his former companies.

In December 1885, his wife divorced him because he was no longer able to provide for a proper living.

Quistorp had three sons. The youngest son drowned in 1882 as a cadet in the Bay of Kiel. The other two sons became merchants in Argentina.

literature

Web links

Commons : Heinrich Quistorp  - Collection of images, videos and audio files

Individual evidence

  1. ↑ a b Markus Baltzer: The Berlin capital market after the establishment of the Empire in 1871. Berlin a. a., 2005, p. 35.
  2. ^ Catrin During, Albrecht Ecke: Built !: Architectural Guide Potsdam. Berlin, 2008, p. 74.
  3. ↑ Massimo Ferrari Zumbini: The Roots of Evil: Founding Years of Anti-Semitism. Frankfurt am Main, 2003, p. 142.
  4. ↑ Jens Meyer-Aurich: Elections, Parliaments and Elite Conflicts: The Origin of the First Political Parties in Paraguay, 1869–1904. Stuttgart, 2006, p. 131.
  5. ↑ Ben Macintyre: Forgotten Fatherland. The traces of Elisabeth Nietzsche , Leipzig 1994. ISBN 3-379-01510-5 .
personal data
SURNAME Quistorp, Heinrich
ALTERNATIVE NAMES Quistorp, Henry
BRIEF DESCRIPTION German merchant and banker
DATE OF BIRTH April 30, 1836
PLACE OF BIRTH Wolgast
DATE OF DEATH December 5, 1902
Place of death Charlottenburg