NOTEBOOK “α”

(“ALPHA”)

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WERNER ON CONCENTRATION IN THE RUHR MINING INDUSTRY

G. Werner, “Concentration of Capital in the Ruhr Mining
    Industry”, Die Neue Zeit, 1913, p. 138 (October 25,
    1912).

   Ruhr area:

1) Deutsche Bank group:

	4 persons are directors or board members  in four banks:
⎧ ⎨ ⎩	(α)	Deutsche Bank . . . . . .	all 4
	(β)	Essener Kredit-Anstalt . .	2 of them
	(γ)	Essener Bank-Verein . . .	2 ” ”
	(δ)	Bergisch-Märkische Bank.	2

Mines within this bank’s “sphere of influence”:

20 mines—	66,233 workers;	18.6 mill. tons	(1907)
	72,594  ”  ;	19.3 ”  ”	(1910)

2) Dresdner Bank and Schaaffhausenscher Bankverein
    group:

	9 persons are directors or board members in both banks.
	This group controls:
7	mines—	23,269 workers	—5.98 mill. tons	(1907)
		27,963  ”	—7.2  ”  ”	(1910)

				Mines?
				“Werke” or “Zechen”

Magnates of capital			Chief banks			Firms, no. of mine, etc.			1910
									Workers		Ton
						∿∿∿∿∿∿∿∿∿			(000)		Mill.)
4 persons— “personal union” of 4 banks			Deutsche Bank +3 other banks			(Deutscher Bank- konzern) (20 mines)	α		72.6		19.3
Haniel						Private property and mine Gute Hoffnungshütte (2 mines)	γ		35.1		9.9
Kildorf			Discontogesell- schaft			Gelsenkirchener Bank Aktien gesellschaft	δ	(1)	34.4		8.5
Stinnes			Discontogesell- schaft			Private property and Deutsch- Luxemburger	δ	(2)	34.6		9.1
			Berliner Handels- gesellschaft			Harpener Bank Aktiengesell- schaf	ε	(1)	25.9		7.1
9 persons— “personal union”			Dresdner Bank, Schaaffhausen- scher Bank- verein			Dresdner- Schaaffhausener Banken	β	(7)	28.0		7.2
			Berliner Handels gesellschaft			Hibernia Aktien gesellschaft	ε	(1)	18.3		5.4
						Thyssen γ Krupp  γ Fisk		(1) (1) (1)	16.2 12.2 11.1		3.9 3.1 2.3
						Σ=			288.5		75.9
						Total in Ruhr area			354.2		89.3
						% of these firms			81.5		85

	No. of  mines	Workers  (000)	Mill.  tons
α)	20	72.6	19.3	Deutsche Bank
β)	7	28.0	7.2	Dresdner Bank + Schaaffhaiisenscher   Bankverein
γ)	4	63.5	16.9	3 magnates
δ)	3	69.0	17.6	Discontogesellschaft
ε)	2	44.2	2.5	Berliner Handelsgesellschaft
Fisk)	1	11.1	2.3

“In the Ruhr mining industry the interests, of the whole nation come into conflict with the interests of a quite insignificant number of capitalists, who number hardly one hundred” (p. 144).

	Incidentally, this article deals with the question of whether or not the syndicate will be renewed. Consult Conrad’s chronicle for this period (October-December 1912, etc.).