Dr. Eugen Kaufmann, French Banks, Tübingen, 1911 (Supplement I to Archiv far Sozialwissenschaft und Sozialpolitik).[1]
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p. 362 (I abbreviate): Development of the French network of branches since 1870 (3 big banks: Crédit Lyonnais; Comptoir Nation- al, and Société Générale) |
p. 356 The same three banks |
p. 37 French savings banks |
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Provincial branches |
Deposit of- fices in Paris |
Σ |
Own working capital shown on balance- sheet |
Borrowed money |
Total deposits (mill. francs) |
Number of de- positors (mill.) |
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| 1870 | 47 | + | 17 | = | 64 | — | (1872) | 200 mill. fr | + | 427 | |||||
| 1880 | 128 | + | 68 | = | 195 | — | 253 | 953 | |||||||
| 1890 | 192 | + | 66 | = | 258 | — | 265 | 1,245 | — | 3,325 | 7.3 | ||||
| 1900 | 505 | + | 120 | = | 625 | — | 615 | 2,300 | — | 4,274 | 10.7 | ||||
| 1909 | 1,033 | + | 196 | = | 1,229 | — | 887 | 4,363 | — | 4,773 | 12.5 | ||||
| (1906) | |||||||||||||||
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The French Ministry of Finance has estimated (on the basis of inheritance taxes) the national wealth at 200,000 million francs (1903-05)—which is below the actual figure. |
!! | ||||||
| of which | 55 | (27%) | belongs to | 18,000 persons (p. 37) | |||
| 75 | (37%) | ” ” | 45,000 ” | ||||
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p. 85: Excursus: “French Ownership of Secu- rities” |
N.B. |
| 000 million francs | Per annum | |||
| Théry’s calculation (1907) | 61.4 | French | 1,300 million (p. 87) | |
| N.B. |||| | 38.5 —— |
foreign | 1—or rather (he says) 1,500 million francs |
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| 99.9 | ||||
| About 100,000 million francs | ||||
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Théry (1907) estimates ownership of securities throughout the world to be 730,000 million francs. |
⎞ ⎟ ⎟ ⎟ ⎟ ⎠ |
(*) | |||||
| including | 115-130 | (Great Britain) | |||||
| 110-115 | (U.S.A) | ||||||
| 100-100 | (France) | { |
these are Ney- marck’s figures |
} | |||
| 60- 75 | (Germany) | ||||||
| 385-420 | |||||||
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(*) p. 287, a note (E. Kaufmann):... “Thus the Deutsche Bank, which, according to the balance- sheet, has holdings of 72 million marks, dominates a group of joint-stock banks which together have about 500 million of capital and 1,300 million of borrowed money” (cf. Lansburgh, “The Holdings System in German National Banking”, Die Bank, 1910, June, p. 504). |
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| N.B. | ||||||
| Théry’s estimate | |||
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⎧ ⎪ ⎪ ⎪ ⎪ ⎪ ⎨ ⎪ ⎪ ⎪ ⎪ ⎪ ⎪ ⎩ |
Russian (securities) | —10.9 | thousand million francs |
| Austro-Hungarian | — 3.65 | ||
| Egyptian | — 3.05 | ||
| Turkish | — 2.5 | ||
| Dutch | — 1.45 | ||
| Swiss | — 1.45 | ||
| Italian | — 1.4 | ||
| Portuguese | — 1.35 | ||
| British (including colonies) | — 1.30 | ||
| Belgian( ” ” ) | — 1.25 | ||
| Brazilian | — 1.20 | ||
| Argentine | — 1.10 | ||
| Balkan states (except Turkey) | — 1.050 |
[1] See present edition, Vol. 22, p. 214.—Ed.
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