Germany and the Jewish Question Part 3

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Jews in German Economic Life

Jewish penetration into German economic life was still more pronounced. In strict accordance with the objectives referred to in the previous chapter, trade and commerce were the principle spheres in which Jews centred their attention. Their peak activity in this respect, be it noted, was reached during the currency inflation from 1919 to 1923. In that particular period very little material benefit accrued to anyone engaged in productive and strenuous work. An instinct for speculation and commercial shrewdness was the ruling factor in those days. It is no wonder therefore that Jewish business concerns sprang up like mushrooms over­ night in that period. We need only recall such well-known Jewish names as Jakob Michael, Richard Kahn and Jacob Shapiro or the corrupt business concerns associated with the Austrian Jewish speculators, Siegfried Bosel and Castiglioni, two names that became notorious far beyond Germany’s frontiers. At huge cost to the national budget all these concerns finally collapsed when German currency was stabilized.

In 1931, Dr. Alfred Marcus, the Jewish statistician previously referred to, carefully examined Jewish participation in individual branches of German trade in his book Die wirtschaftliche Krise des deutschen Juden, — The Economic Crisis of German Jews. — His investigations led to the following remarkable results:

In 1930, 346 or 57.3 % of the total of 603 firms in the metal trades were in Jewish hands; in scrap-metal there were 514 firms of which 211 or 41 % were Jews; grain merchants totalled 6,809 of which 1,543 or 22. % were Jews; textile wholesalers numbered 9,984 of which 3,938 or 39,4 % were Jews; in the ladies dress branch there were 81 Jewish firms out of a total of 133, or 60.9 %. In the art and booksellers trades, both of which possess an extremely cultural value, many of the most important firms were Jewish. We need only mention S. Fischer, Cassirer, Flechtheim, Ullstein and Springer.

Still more important is the financial or banking business. Here well-nigh every leading business was in the hands of Jews. A few individual instances can be quoted. Both the governing directors of the Deutsche Bank und Discontogesellschaft (1929) and four of its twelve board members were Jews. The chairman, two vice-chairmen and three of the five governing members of the board of the Darmstädter und Nationalbank were Jews. The chairman, vice-chairman and three of the seven members of the governing board of the Dresdner Bank (1928) were Jews. Finally, everyone of the three owners of the Berliner Handelsgesellschaft were also Jews.

The big private banks were also nearly all in Jewish hands. We need only recall such well-known firms as Arnhold, Behrens, Warburg, Bleichröder, Mendelsohn, Goldschmidt, Rothschild, Dreyfuss, Bondi and Maron, Aufhäuser, Oppenheim, Levy, Speyer-Ellissen, Heimann, Stern.

By means of these key positions in the financial world Jewish influence penetrated by way of the boards of directors to every section of German industry. The Adress Buch der Direktoren und Aufsichtsräte — A Guide to Company Directors & Boards of Management — published in 1930, i. e. long before the National-Socialists assumed power — proves the alarming influence of Jewish capital or capital controlled by Jews on German economic life.

Outstanding among Jewish financiers in this respect was Jacob Goldschmidt, a member of the boards of no less than 115 companies. He was closely followed by Louis Hagen, a Jewish banker, with 62 appointments. Third on the list was a Christian lawyer, followed successively by four Jewish bankers who together held 166 positions on the boards of various companies. Further down this list Jews continued to play a very prominent role.

This concentration of business-company authority in the hands of a small group of Jewish financiers was certainly not compatible with a conscientious fulfilment of the exacting duties of a company director. On the other hand no effort or work was necessary in producing extraordinary handsome returns. This was one of the most important factors that led to discrediting the political and economic systems of that period, and also formed one of the causes which led to a widespread growth of anti-Semitism among the broad masses in Germany.

The domination of German industry by a system of Jewish boards of business directors certainly went hand in hand with direct Jewish penetration and subsequent control of industrial production. The complicated nature of this vast field and its complex structure makes it possible to give only a few illustrations which, however, by no means exhaust the real extent of Jewish expansion.

In the electrical branch for example, mention must be made of the AEG, — the German General Electric Company. This company was established by the Jew Emil Rathenau and after the Great War, was controlled by two Jews. The whole of the metal market was controlled by the Jew Merton, head of the Frankfurt Metal Bank. The Osram Company, the leading electric globe concern, was controlled by Meinhardt, a Jew. The Continental Rubber Company in Hannover, Germany’s largest productive plant, and the Calmon Rubber Company at Hamburg were established and controlled by Jews. Adler, Oppenheim, Salamander and Conrad Tack & Co., four Jewish firms, dominated the entire German leather industry. The iron market was controlled by the Jew Ottmar Strauss, Hugo Herzfeld, a Jew, exercised a decided influence in the potash industry. In the mining industry section, Paul Silverberg dominated the Rhenish lignite or brown coal industry whilst two co-religionists, the Petschek brothers had a similar function in the Central German lignite district.

Jewish participation was also extraordinarily large in industrial organisations and in official organs of German economic life. This influence was particularly pronounced in the Chambers of Commerce and Industry. To quote one example: The Berlin Chamber of Commerce and Industry, the largest of its kind in Germany, had 98 members in 1931 of which no less than 50 were Jews or half-caste Jews. Four­ hundred of the 1,300 members attached to the Chamber as advisory experts were Jews, whilst 131 of the 209 commercial judges appointed by the Chamber were also Jews. The Chamber itself was presided over by a President and five vice-presidents. The president himself and three of his deputies were Jews.

The position was far worse on the exchanges. We need do no more than give the Berlin Exchange, the most important one in Germany, as an example. Twenty-five of the 36 committee members of the Securities and Bonds Exchange were Jews, twelve of the 16 committee members of the Produce Exchange were Jews and ten of the 12 committee members of the Metal Exchange were also Jews. The committee of the whole Exchange was composed of 70 members of whom 45 were Jews. Attendance at the Exchange was also more or less a Jewish monopoly. In 1930 for example, the attendance at the Securities and Bonds Exchange totalled 1,474 of which number approximately 1,200 were Jews. The Produce Exchange had an attendance of 578 of which 520 were Jews, and at the Metal Exchange out of an attendance of 89 there were 80 Jews.

It is obvious that the Reichsbank, the official bank for the issue of paper money, was in no position to resist perma­nently this well-nigh Jewish monopoly of capital and economic interests. The result was that in the period between 1925 and 1929 four of the six members of the controlling board of Reichsbank directors were Jews or half-caste Jews. All three members of the Central Council of the Reichsbank and two of their deputies were Jews.

It is necessary now to supplement the aforementioned quantitative analysis of Jewish participation in German economic life by a qualitative one in which the following facts must be borne in mind:

When compiling the aforementioned statistics in regard to certain professions in the various German states since 1925 it was ascertained that in Prussia, the largest state, out of a total of approximately 3 million employed in the professions — either independently or in leading capacities — approximately 92,000 were orthodox Jews. This means that 48 % of all Jews professionally employed held leading positions, whereas the corresponding ratio for the remainder of the population amounted to only 16 %.

If we compare this with the Jewish share in the non­ independent manual work branch, then the whole abnormal social structure of Jewry stands revealed in its true light: Whereas Prussia in 1925 employed approximately 8.5 million ordinary workers (i. e. 46,9 % of the sum total of all in employment). Jews totalled only 16,000 i.e. (8.4 % of all Jews in employment). The percentage of Jews (which in the leading positions was three times greater than that of the whole population) dropped therefore in the manual trades to one­ sixth of the figure for the rest of the population, and for all practical purposes had reached zero.

This supplementary qualitative assessment makes it perfectly plain that prior to the National-Socialist regime the whole of German economic life had reached that alarming stage where it was under foreign domination by Jews and principally by Jews in leading key positions.

It is not surprising that this powerful domination of German economic life should express itself in abnormally high incomes for members of the Jewish community. It is difficult of course to give accurate figures in this respect. We will, however, limit ourselves to the statistics furnished us by the Jewish statistician, Dr. Alfred Marcus, to whom reference has already been made. Marcus estimates the average Jewish income for 1930 as 3.2 times greater than the average income of the rest of the population.

Summarizing the aforementioned particulars, it must be emphasized once more that the Jews concentrated themselves exclusively on commercial and financial undertakings and assumed therein absolute leading positions. Agriculture and other manual work were severely left alone. Abnormal concentration of Jews in large cities, particularly in Berlin, must not be forgotten.

It does not require much intelligence to realize that such an abnormal social and regional structure must ultimately lead to a state of severe tension, if not to serious disturbances in public life. This would have taken place in any case even if the Jews had wisely adapted themselves to the requirements of the country which was giving them shelter. These tensions had to lead to an explosion one day if Jewry, blinded by the lustre of its fortunes continued to exercise no restraint in displaying its foreign racial characteristics. But nowhere have Jews been more downright unrestrained than during the era of economic and political corruption which Germany experienced after the Great War.

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Published in: on April 24, 2017 at 12:33 am  Leave a Comment  

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