V. I.   Lenin

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KAUFMANN, FRENCH BANKS

Dr. Eugen Kaufmann, French Banks, T\"ubingen, 1911 (Supplement I to Archiv far Sozialwissenschaft und Sozialpolitik).[1]

 
p. 362 (I  abbreviate):
Development of the French network of branches since 1870 (3 big banks: Crédit Lyonnais; Comptoir National, and Société Générale)
p. 356
The same
three banks
p. 37 French
savings banks
Prov-
incial
branches
Deposit
of-
fices in
Paris
Σ Own working
capital shown
on balance-
sheet
Borrow-
ed money
Total
deposits
(mill.
francs)
Number
of de-
positors
(mill.)
1870 47+ 17= 64—(1872) 200mill. 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 (1906) 12.5

|| !! 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

|| p. 85: Excursus: “French Ownership of Securities” ||| 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
99.9
About 100,000 million francs

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
 

(*) p. 287, a note (E. Kaufmann):... N.B. ||||| “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).


Théry’s estimate
{{ 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

Notes

[1] See present edition, Vol. 22, p. 214.—Ed.

  DIOURITCH, THE EXPANSION OF GERMAN BANKS ABROAD | HEGEMANN, FRENCH BANKS  

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