The electrical industry trust:
“The Path of the Electric Trust” by Kurt Heinig (Berlin). (Die Neue Zeit, 1912) (June 28, 1912), 30th year, Vol. 2, p. 474.)
An excellent illustration of imperialism[1] :
In 1907, an agreement was concluded between the A.E.G. (Allgemeine Elektrizit\"ats-Gesellschaft) and the G.E.C. (General Electric Company)
| A.E.G. Concern |
| G.E.C. Trust |
A.E.G.—Germany, Austria-Hungary, Russia, Holland, Denmark, Switzerland, Turkey, the Balkans.
| |
||||||
| Turnover (mill. marks) |
No. of employees |
Net profit (mill. marks) |
||||
|---|---|---|---|---|---|---|
| G.E.C.(U.S.A.) | 1907 | 252 | 28,000 | 35.4 | ||
| 1910 | 298 | 32,000 | 45.6 | |||
| |
||||||
| A.E.G. (Germany) | 1907 | 216 | 30,700 | 14.5 | ||
| 1911 | 362 | 60,800 | 21.7 | |||
| |
||||||
| 298+262=660 million marks | ||||||
__ __ || Special (secret) agreements on “subsidiary companies”. “In addition, mutual exchange of inventions and experiments!” (p. 475). N.B. ||
The number of companies (mostly joint-stock companies) in which the A.E.G. “has a controlling interest” is 175–200 (p. 484). Of these, the six chief companies have a capital of about 750 million marks, while the total capital of all of these companies is probably about 1,1500 million marks.[2]
The number of “manufacturing companies” is 16
[[TRIPLE-BOTTOM-LEFT-TOP BOX ENDS: production of rubber—cables—quartz lamps—insulators—railway signals—motor cars—typewriters—aircraft, etc. ]]
|| N.B. Production of raw material, etc., by the same enterprise is characteristic of modern industry.
1) The number of direct A.E.G. agencies abroad = 34 (of which 12 are joint-stock companies)[3]
| |
||||
| 1) | 1. St. Petersburg
and Warsaw |
7. Rumania | Altogether in ten countries |
|
| 8. Vienna | ||||
| 2. Lisbon | 9. Milan | |||
| 3. Christiania | 10. Copenhagen
South-West Africa |
|||
| 4. Stockholm | ||||
| 5. Brussels | ||||
| 6. Paris | (((colony?))) | |||
| |
||||
The two firms work
jointly[4]
Amer-
ica
Ger-
many
General Electric Co. (G.E.C.)
Westinghouse Co.
Thomson-Houston Co.
&arrow;
&arrow;
Edison Co.
(merges with the
Edison Co.
in Europe it estab-
lishes the firm:
French Edison Co.
In Europe it establishes
the firm:
Union Electric Co. (Union-Elektrizit\"ats-Gesellschaft)
merges with the A.E.G.
the French firm trans-
fers its patents to the
German firm:
Allgemeine Elektrizit\"ats Gesellschaft (A.E.G.)
(=A.E.G.)
Allgemeine Elektrizit\"ats-Gesellschaft
Siemens and Halske-Schuckert
The two firms work jointly
[[BOX-ENDS:
denotes a merger
= merger
establishment of a new firm (to which arrow points) by the old one.
]]
||| N.B. ...“there are no other electrical companies in the world completely independent, at least, of these two (A.E.G. and G.E.C.)” (p. 474)....[5]
1900–7;
(1912)
1912–2.
A.E.G.
Felten and Lahmeyer
(1900)
A.E.G.
Felten Lahmeyer and Guillaume
Union A.E.G.
Siemens and Halske-Schuckert
Siemens and Halske-Schuckert
Berg-
mann
Siemens and Halske
Schuckert and Co.
Berg-
mann
Kummer (quickly lost impor-
tance) failed in 1900
(Riesser)[6]
[1] See present edition, Vol. 22, pp. 247–48.—Ed.
[2] Ibid., p. 230.—Ed.
[3] Ibid., p. 247.—Ed.
[4] See present edition, Vol. 22, p. 247.—Ed.
[5] Ibid.—Ed.
[6] Ibid.—Ed.
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