Paul Wallich

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Paul Wallich (born August 10, 1882 in Potsdam , † November 11, 1938 in Cologne ) was a German banker .

Life

Paul Wallich was the son of Hermann Wallich (1833–1928), one of the founding directors of Deutsche Bank . Wallich studied philosophy and economics in Freiburg and Munich and then gained work experience at various German and international banks, including Goldman, Sachs & Co. in New York , whose Foreign Exchange Department was headed by Siegfried Bieber at the time . From 1910 Wallich worked as a banker in Berlin. In 1918 he became a personally liable partner of the Berlin trading company . When the Frankfurt bank J. Dreyfus & Co. - a sister institution of the Swiss bank Dreyfus Söhne & Cie. in Basel - established a branch in Berlin, he moved there as a partner. Dreyfus-Bank was one of the most important private banks of the Weimar Republic and belonged, among other things, to the Berlin Stamp Association and the Prussian Consortium. In 1936 it moved its headquarters to Berlin. In March 1938, as part of the Aryanization of Jewish assets, she had to surrender her active business to the Munich bank Merck Finck & Co and went into liquidation in May . Paul Wallich became one of the bank's liquidators until his suicide.

Wallich was born in the Villa Schöningen in Potsdam , which had been owned by the family since 1871. From 1910 Wallich lived in the villa during the summer months. In the late 1920s, Wallich and his wife Hildegard had some renovations carried out in order to bring the building up to date technically, after which they used the house all year round. In the garden they created a tennis court. One of Wallich's hobbies was sailing , and he was also a passionate book collector.

Paul Wallich, who was of Jewish descent, who belonged Society of Friends of until their forcible resolution 1935. After the November pogroms perpetrated Wallich at the age of 56 years suicide . His wife and three children left Germany in the 1930s, including Henry C. Wallich (1914–1988), who later became Professor of Economics at Yale University .

Fonts

  • with Hugo Rachel and Johannes Papritz: Berlin merchants and capitalists. Vol. 1: Until the end of the Thirty Years War. Berlin 1934
  • with Hugo Rachel: Berlin merchants and capitalists. Vol. 2: The time of mercantilism 1648–1806. Private print, Berlin 1938
  • with Hugo Rachel: Berlin merchants and capitalists. Vol. 3: Transition to high capitalism, 1806–1856. Private print, Berlin 1939
  • with Hugo Rachel and Johannes Papritz: Berlin merchants and capitalists. Newly edited and bibliographically expanded by Johannes Schultze, Henry C. Wallich and Gerd Heinrich, 3 vols., Berlin 1967

literature

  • Ingo Köhler: The "Aryanization" of private banks in the "Third Reich". Repression, elimination and the question of reparation. 2nd edition, Munich 2008 (= series of publications on the journal for corporate history , volume 14.) (on Wallich and Dreyfus, va p. 305ff.)
  • Werner Neite: Paul Wallich. About the passion of collecting books. In: From the Antiquariat , Heft 8, Frankfurt am Main 1998
  • Katie Hafner: The house by the bridge. The Schöningen Villa in Potsdam and its residents. Märkischer Verlag: Wilhelmshorst 2004, ISBN 3-931329-36-4

Web links

personal data
SURNAME Wallich, Paul
BRIEF DESCRIPTION German banker
DATE OF BIRTH August 10, 1882
PLACE OF BIRTH Potsdam
DATE OF DEATH November 11, 1938
Place of death Cologne