Word: disconto
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Dates: during 1920-1929
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...more docile citizenry, in Germany, has regarded with a kind of pride the growth of their own banks. At present the Berliner Handels, the Disconto Bank, the Dresdener Bank, the Darmstadter (Danat) Bank and the Deutsche Bank,* and to a lesser extent the Commerz & Privat Bank and the Mitteldeutsche Kredit Bank, may be said to control German industry...
This week he was prepared to offer the $60,000,000 publicly. But the "Big D" banks of Germany- the Deutsche, Dresdener, Disconto Gesellschaft and Darmstadter, those pre-War drillmasters of German industries-wanted a share of the issue. German funds have suddenly become available for investment, can be had at 2½%. So this week he will offer only $30,000,000 of the United Steel Works bonds; the German banks, the balance...
...nominees for the post were Dr. Helfferich, former Imperial Minister of Finance, and Dr. Hjalmar Schacht, a partner in the Disconto Gesellschaft (Company). The battle was ended by a vote appointing Dr. Schacht President of the Reichsbank. He will be "Germany's money dictator and to currency and finance what General von Seeckt is to the Reichswehr as Commander-in-Chief...