Wm. Schlutow

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The company Wm. Schlutow was a bank in Stettin . It was founded in 1832 as a shipping company and grain trading company and converted into a bank in 1876. In 1934 the banking business was transferred to Pommersche Bank AG .

1832 Founding as a shipping company and grain trade

The company Wm. Schlutow was founded in 1832 by Wilhelm Schlutow (Royal Swedish Consul General in Stettin 1841–1871) as a shipping company and grain trader in Stettin . Wilhelm Schlutow, who was 22 years old when it was founded, had received the start-up capital from a friend. At the beginning of the 1850s, the company was considered the most important grain trader in Szczecin. With the transition from sailing to steam shipping in the 1860s, the company stopped shipping business and concentrated on the grain trade. Wilhelm Schlutow retired from business activities in the 1870s and left the management to his son Albert Schlutow .

1876 ​​to 1934 banking house

The owners, including Rudolf Abel since 1876, responded to the economic crisis in the 1870s (see Gründerkrach ) by changing the business purpose. In 1876 the company was converted into a bank and the other business activities, in particular the grain trade, were discontinued. The conversion into a bank was based on the important bank S. Bleichröder in Berlin.

After Wilhelm Schlutow's death in 1881, Albert Schlutow became the main owner and devoted himself to more representative tasks to the outside world, in politics and on the supervisory boards of several companies. The internal management of the bank was with Rudolf Abel.

In 1906 the owners of the S. Bleichröder bank, Paul Hermann von Schwabach and Albert Blaschke , became co-owners of the Wm. Schlutow bank.

From 1925 Carl Teewag headed the Wm. Schlutow banking house. Teewag was elected chief executive of the German Banking Association ( Centralverband des Deutschen Bank- und Bankiergewerbes) in May 1933 . In June 1934 the banking business was transferred to Pommersche Bank AG . The reasons for this are more likely to lie in the general banking crisis than in a targeted elimination (" Aryanization ") of the Jewish co-owners of the bank, these were James von Bleichröder and Paul Julius von Schwabach .

literature

  • With visible signs of royal grace. The Schlutow bank in Heumarktstrasse. In: The Pommersche Zeitung. No. 12/2009, p. 4.

Individual evidence

  1. ↑ Ingo Köhler: The Aryanization of the private banks in the Third Reich. Verlag CHBeck, 2005, ISBN 3406532004 , p. 74. ( Online )
  2. ↑ Ingo Köhler: The Aryanization of the private banks in the Third Reich. Verlag CHBeck, 2005, ISBN 3406532004 , p. 298, footnote 341. ( Online )