NOTEBOOK “β” (“BETA”)

MEHRENS, FRENCH BANKS

Bernhard Mehrens , The Origin and Development of the Big French Credit Institutions , Berlin and Stuttgart,
1911. ( Munich Economic Studies , Brentano and Lotz;
No. 107.)

p. 311 : French capital in securities (the same figures from Neymarck, as also in Kaufmann; see preceding page of this notebook). [1]

| | 000 million francs |
| --- | --- |
| N.B. | | | | 1850— | 9 | | | Annual accumulation of capital in France—about 1,500-2,000 million francs according to Neymarck (pp. 311-12),—but as much as 2,500-3,000 million according to Leroy-Beaulieu (p. 312, note). |
| 1869— | 33 |
| 1880— | 56 |
| 1890— | 74 |
| | 1902— | 90 |
| 1906— | 100 |

| | Total value of bills in France |
| --- | --- |
| ⎧ ⎨ ⎩ | in 1908 the Banque de France had 21.5 million bills valued at 12,300 million francs, p. 263 | ⎫ ⎬ ⎭ | 1881— | 27.2 thousand mill. fr. |
| 1890— | 25.2 (p. 211) |
| 1900— | 28.9 |
| 1907— | 35.9 |

| Capital Reserves (million francs) |
| --- |
| 1892— | 250+ | 69.5 | | This is the capital and reserves of four banks: Crédit Lyonnais, Comptoir National, Société Générale + Crédit Industriel (p. 240). |
| 1900— | 500+ | 144.7 | | |
| 1908— | 575+ | 216.2 |
| in four banks |

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Notes:
[1] See pp. 142-44 of this volume.— Ed .