34
DEVELOPMENT
banks in Berlin is £62,500,000 ; reserves
£19,567,000, and deposits £243,000,000.
It may be of interest to learn that this remarkable
economic development seems to have changed the
views even of the most exclusive German nobility,
as regards being connected with trade and com
mercial enterprises. Not long ago, nobody with
blue blood in his veins deemed it worthy of his
noble birth to take an active part in any commercial
and industrial concern. However, recent history
shows that two enterprising princes, endowed with
huge fortunes, have not only assumed the manage
ment of some important works, which were
inherited property, but have also embarked in a
vast number of different industrial and financial
enterprises, which caused them at times serious
financial embarrassment; this princely com
bination is known by the name of “ Princes Trust.”
Still more astonishing may it appear that it is
no longer an uncommon or startling event for
members of the nobility to enter into matrimonial
relations with circles which have accumulated
large fortunes in trade or industry, with so-called
upstarts. Evidently the power of wealth has
affected conceptions of previously existing
prejudices and preconceived notions of centuries.
There can be no doubt that the colossal increase
in the gold production of the world, amounting