CONDITIONS IN PARTICULAR INDUSTRIES. 219
Tassie 20.—Capital and dividends of Siemens concerns (German electrical manufac
turers), 1912.

Siemens & Halske, yr 31,1012... ..... .-Siemens-Schuckert,
 July 31, 1912...........
Schuckert & Co., July 31, 1912...
Bergmann, Dec. 31, 1912

Capital
stock.

Marks.
33, 000, 000
30, 000, 000
"0, 000, 000
52, 000, 000

Bonds.

Marks.
£5, 308, 500
98, 650, 000
35, 700, 000
20, 000, 000

Total assets.

SATKS.
188, 112, 499
284,678, 144
132, 726, 496
104, 238, 991

Dividends
1811-12,

Per cent.
12
10
8
B

CONNECTIONS WITH BANKS.—As in the case of the A. E. G., the
Siemens-Schuckert group is closely connected with powerful banking
oroups which aid in promoting its business.
Considering the Siemens-Schuckertwerke and the Siemens-Halske
A. G. as an entity—the Siemens-Schuckert concern—and eliminating
duplication of connection with the Deutsche Bank, the Essener Kredit-Anstalt,
 the Elektro-Treuhand A. G., and the Reichsbank, it appears
that German banking interests aggregating $300,000,000 support the
organization.
The Siemens-Schuckertwerke alone, through interrelated directors,
 has direct connection with banking institutions representing
$200,000,000. Contact is held as follows:
Through C. Kiénne and C. von Siemens with the Deutsche Bank,
$62,500,000; through C. Klénne and G. Gillhausen with the Essener
Kredit-Anstalt, $28,600,000; through C. Klénne with the Elektro-Treuhand
 A. G., $13,200,000; through H. R. von Maffei with the Bayerische
 Noten-Bank, $2,800,000, and the Bayerische Hypotheken und
Wechsel-Bank, $31,000,000; and through A. von Siemens with the
Reichsbank, $63,600,000.
Through agencies of the same kind the Siemens-Halske A. G. is
related to banks capitalized at $266,845,000, as follows:
Through C. Mommsen with the Bank des Berliner Kassen-Vereins,
$2,590,000; through E. Heinemann, C. von Siemens, E. Berve, and
C. Klénne with the Deutsche Bank, $62,500,000; through E. Berve
with the Schlesischer Bankverein Commandit Gesellschaft auf Aktien,
$17,560,000; through E. Heinemann with the Deutsch-Asiatische
Bank, $5,000,000, and the Deutsche Ueberseeische Bank, $10,000,000;
through C. Kléonne with the Essener Kredit-Anstalt, $28,600,000;
through C. Kloénne, A. Berliner, and C. Mommsen with the Elektro-Treuhand
 A. G., $13,200,000; through A. Kirdorf with the Rheinisch-Westfilische
 Disconto-Gesellschaft, $28,345,000; through C. Mommsen
 with the Mitteldeutsche Kredit-Bank, $17,250,000; through A.
Koechlin with the Bank fiir Orientalische Eisenbabnen in Ziirich,
$18,200,000, and through A. von Siemens and C. Mommsen with the
Reichsbank, $63,600,000.
Relations of the A. E. G. and Siemens-Schuckert.—By some authorities
 it is said that these two great concerns are in sharp competition