Paul von Schmid

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The seat of the Friedrich Schmid & Co. bank in Augsburg, Maximilianstrasse 65

Paul Schmid , since 1908 Ritter von Schmid (born November 16, 1842 in Augsburg ; † August 18, 1928 there ), was a German private banker in Augsburg.

Parentage and family

Schmid was a son of Jacob Friedrich Benedict Schmid , who founded the Friedrich Schmid & Co. banking house in Augsburg in 1849 , and his wife Eugenie, née. Ranger. After his death in 1853, his uncle and guardian Paul Schmid sen. the bank on an interim basis. On October 26, 1874 he married Johanna Franziska Roth, a daughter of Major General and Augsburg city ​​commander Albert Roth.

education and profession

After attending grammar school with St. Anna in Augsburg, Schmid began studying law at the Ludwig Maximilians University in Munich in the winter semester of 1860/61 , which he gave up in the following semester. During his university days he joined the Corps Franconia , of which he remained a member throughout his life. Instead, he took a commercial apprenticeship at the Chaponnière & Cie. in Geneva , which he continued in London and at the Metzler bank, selig Sohn & Consorten in Frankfurt . In 1866 he entered the business run by his uncle Paul Schmid sen. run family business. Two years later, Paul Schmid junior took over. the management of the bank. His brother and closest colleague Ernst Schmid became involved in the bank.

Paul Schmid, who was related to influential banking and industrial families in Augsburg through his mother and grandmother, soon established a close network of relationships with important commercial enterprises. In close cooperation with the commercial managers of the often troubled or no longer competitive companies due to their small size, he worked on the company restructuring or initiated mergers . As far as it was not already a stock company , he pushed the conversion into stock corporations and the restructuring through recapitalization on the stock market . Afterwards he usually took over a position on the supervisory board himself, but occasionally also his brother, if possible that of the supervisory board chairman, in order to have a say in further corporate policy. Paul Schmid, who is considered to be the most important private banker in Augsburg from 1880 to 1920, expressed this close connection between finance and industry with the following words: “In all businesses in which I held offices [on the supervisory board], I was always in able to take over the management yourself. "

From 1872, Friedrich Schmid & Co. initiated and financed the founding of the Göggingen twisting and sewing thread factory , taking over E. Schiffmacher & Cie. and their extensions. Between 1877 and 1910, Paul Schmid accompanied the expansion of the mechanical cotton spinning and weaving mill in Augsburg , including the weaving mill on Proviantbach, the cotton spinning mill and weaving mill in Rosenau and the spinning mill and weaving mill in Aumühle, and accompanied a technical reorganization of the outdated parent company. When the mechanical cotton weaving mill on Senkelbach was converted into a stock corporation under the name of Augsburger Buntweberei, formerly LA Riedinger, in 1880, Schmid took care of the placement of the shares, but was also on hand when the company's insolvency was averted at the turn of the century by adding fresh money had to become. Paul Schmid also succeeded in a fundamental restructuring and the addition of new operating resources at the Neue Augsburger Kattunfabrik . Under his leadership, the United Factories of Agricultural Machinery, formerly Epple and Buxbaum , were created in 1882 through the merger of the companies of the brothers Magnus and Carl Epple and Engelbert Buxbaum. In the same year, Schmid organized the amalgamation of several match and wax factories in Augsburg, Deggendorf, Aalen and Ulm to form the joint stock company Union Vereinigte Zündholz- und Wichsefabriken. Friedrich Schmid & Co. was represented in 1889 as the only bank among the founders of the Augsburg Local Railway , which was supposed to enable industrial companies to be connected to the state railway network. In 1898, the Mechanische Weberei am Mühlbach, founded by the Schnell brothers eleven years earlier, was converted into a stock corporation and launched on the market. In 1907, under the management of the private bank, the Lorenz Stötter brewery was converted into a stock corporation, which, after taking over several smaller breweries in 1924, was renamed to Aktienbrauerei zum Hasen . The private bank accompanied the Augsburg cotton spinning mill on Stadtbach during expansion through the merger with the Wertach spinning mill in 1914 and the integration of the cotton spinning mill on the Senkelbach in 1927. The importance of the private banker is particularly evident in Schmid's appointment to the Bavarian supervisory board Vereinsbank in 1903. From 1926 until his death he was chairman there.

The efforts initiated by Schmid and the other Augsburg bankers Albert Erzberger , Hugo von Froelich, Franz Frommel, Carl von Stetten, Nathan Wilmersdörffer and the landowner Johann von Stetten with the cooperation of the Bayerische Vereinsbank, the financial center Augsburg especially against the up-and-coming Bavarian mortgage and exchange bank to strengthen, however, were not crowned with success. The Augsburger Bank, founded in 1871, ceased business after a short time and was liquidated in 1877.

Schmid volunteered from 1871 as an assessor at the Augsburg Commercial Court and from 1869 to 1900 as a member of the council of municipal representatives. From 1884 to 1889 he took over the chairmanship of this municipal representative body. He was a supporter of the liberal Bavarian Progressive Party . From 1900 to 1919 he was President of the Chamber of Commerce and Industry .

In 1894 Schmid was awarded the golden citizen medal of his hometown for his services. In addition, he was awarded the title of Secret Commerce Council. By being awarded the Order of Merit of the Bavarian Crown and the associated elevation to the personal nobility , he was allowed to call himself a Knight of Schmid from February 3, 1908 after being entered in the class of the nobility . In addition, the Technical University of Munich awarded him an honorary doctorate in 1922 .

After Paul von Schmid's death, his son Friedrich Schmid succeeded him in the Friedrich Schmid & Co. banking house.

Supervisory board mandates

(without claim of completeness)

  • 1869–1928 (Chairman from 1882): Mechanical cotton spinning and weaving mill in Augsburg
  • 1871–1877: Augsburger Bank
  • 1880–1928: Augsburg colored weaving mill formerly LA Riedinger
  • 1882–1928: United factories of agricultural machines, formerly Epple and Buxbaum
  • 1889–1928 (Chairman from 1898): Aktiengesellschaft Augsburger Localbahn
  • 1892–1928 (Chairman from 1893): New Augsburg calico factory
  • 1898–1928: Mechanical weaving mill on the Mühlbach
  • 1903–1928 (Chairman from 1926): Bayerische Vereinsbank
  • 1907–1928: Hasenbräu
  • 1909–1928 Lech electricity works
  • around 1910–1928: Mechanical fine weaving on the Fichtelbach

literature

  • Karl Bosl (Ed.): Bosls Bavarian Biography. 8000 personalities from 15 centuries . Verlag Friedrich Pustet, Regensburg 1983, ISBN 3-7917-0792-2 , p. 684 ( digitized version ).
  • Klaus A. Donaubauer: Private bankers and banking concentration in Germany from the middle of the 19th century to 1932. With special consideration of the takeovers and limited partnerships of the Bayerische Hypotheken- und Wechsel-Bank and the Bayerische Disconto- und Wechsel-Bank . Verlag F. Knapp, Frankfurt am Main 1988, ISBN 978-3-7819-0395-1 , p. 64 ff.
  • Peter Fassl: The Schmid banking family . In: Entrepreneurs - Employees. Pictures of life from the early days of industrialization in Bavaria . 2nd edition, Verlag Oldenbourg, Munich 1987, ISBN 3-486-52772-X , p. 123 ff.
  • Frank Möller: Civil rule in Augsburg 1790-1880. City and bourgeoisie . Vol. 9. R. Oldenbourg Verlag, Munich 1998, ISBN 3-486-56387-4 , p. 339 ff.
  • Hans Pohl (ed.): History of the Munich financial center. Oldenbourg Wissenschaftsverlag GmbH, Munich 2007, ISBN 978-3-486-56821-9 , p. 107 ff.
  • Printer and publishing house Jos [ef] Rackl: Address book of the royal district capital Augsburg. Compiled from the census lists. Druck und Verlag Jos [ef] Rackl, Augsburg 1872, pp. 149, 182 ( digitized version ).
  • Friedrich Schmid: Jakob Friedrich and Paul Schmid . In: Life pictures from Bavarian Swabia. Publications of the Swabian Research Association at the Commission for Bavarian State History . Vol. 4. Max Hueber Verlag, Munich 1955, p. 360 ff.
  • Rudolf Vierhaus (Ed.): German Biographical Encyclopedia (DBE). Vol. 9, Schlumberger - Thiersch. 2nd edition Verlag KG Saur, Munich 2008, ISBN 978-3-598-25039-2 , p. 23 ( digitized version ).
  • Peter Fassl: The Schmid banking family - financiers of Augsburg industry in the 19th century , in: Marita Krauss (Hrsg.): Die Bayerischen Kommerzienräte - A German business elite from 1880 to 1928, Volk Verlag, Munich 2016, ISBN 978-3-86222- 216-2 , pp. 351-356.

Web links

Individual evidence

  1. ^ A b c d e Friedrich Schmid: Jakob Friedrich and Paul Schmid . In: Life pictures from Bavarian Swabia. Publications of the Swabian Research Association at the Commission for Bavarian State History . tape 4 . Max Hueber Verlag, Munich 1955, p. 360 ff .
  2. ↑ a b c d Karl Bosl (Hrsg.): Bosls Bayerische Biographie. 8000 personalities from 15 centuries . Verlag Friedrich Pustet, Regensburg 1983, ISBN 3-7917-0792-2 , p. 684 .
  3. ^ Intelligence sheet of the Royal. Bayer. City of Augsburg of November 5, 1874. No. 73, p. 248.
  4. ^ A b c d Wilhelm Liebhart: Schmid - banking and entrepreneurial family. In: Stadtlexikon Augsburg (as of: 2nd print edition). 2013, accessed May 29, 2017 .
  5. ^ J. Georg Weiss, Universitätsbuchdrucker (Ed.): Official directory of teachers, civil servants and students at the royal Bavarian Ludwig Maximilians University in Munich. Winter semester 1860/61 . J. Georg Weiss, university printer, Munich 1860, p. 45 .
  6. ^ J. Georg Weiss, Universitätsbuchdrucker (Ed.): Official directory of the staff, teachers, civil servants and students at the royal Bavarian Ludwig Maximilians University in Munich. Summer semester 1861 . J. Georg Weiss, university printer, Munich 1861, p. 44 .
  7. ↑ Augsburger Abendzeitung of January 7, 1868, No. 7. Wirth'sche Buchdruckerei, Augsburg 1868, p. 67.
  8. ^ Peter Fassl: Denomination, Economy and Politics. From imperial city to industrial city. Augsburg 1750-1850 . In: Treatises on the history of the city of Augsburg . tape 32 . Verlag Jan Thorbecke, Sigmaringen 1988, ISBN 978-3-7995-6942-2 , p. 229 .
  9. ^ A b Hans Pohl (ed.): History of the Munich financial center . Oldenbourg Wissenschaftsverlag GmbH, Munich 2007, ISBN 978-3-486-56821-9 , p. 107 ff .
  10. ^ Frank Möller: Bourgeois rule in Augsburg 1790-1880 . In: City and Bourgeoisie . tape 9 . R. Oldenbourg Verlag, Munich 1998, ISBN 3-486-56387-4 , p. 339 .
  11. ↑ Government Gazette for the Kingdom of Bavaria from October 18, 1871. No. 71. Sp. 1673.
  12. ^ The Bavarian nobility register based on the finding aid in the main state archive in Munich. Margit Rambow, 2014, accessed May 29, 2017 .
  13. ↑ Note: The designation as the Secret Consistorial Council is an obvious mistake. Carl Heinrich Becker was with Hedwig, geb. Schmid, a daughter of the Augsburg banker Paul von Schmid, married.
personal data
SURNAME Schmid, Paul from
ALTERNATIVE NAMES Schmid, Paul; Schmid, Paul Ritter von
BRIEF DESCRIPTION German banker in Augsburg
DATE OF BIRTH November 16, 1842
PLACE OF BIRTH augsburg
DATE OF DEATH August 18, 1928
Place of death augsburg