GIPE-PUNE-OIIOI2 - DSpace@GIPE

i1.30 THE BANK CAPITALISM OF YOUNG BENGAL
Bengal from the standpoint of functional growth. These
are .signs leading one to hope that dozens of commer·:
cial banks are going to be started in the course of the next
few years.
Let us here analyze the balance sheets of some Ger··
man banks in order to get an idea of the higher flights of
which modem banking is capable. They will in any
case furnish us with good object-lessons in bank.
management.
Like other bankS and business concerns of Germany
in general the Commerz-und-Privat Bank has since the
stabilization of the currency (1924) strenuously striven
to reorganize the administration. The reorganization has.
invariably meant retrenchment and this has resulted in
(1) a reduction in the number of employees and (2) the.
installation of machine work replacing thereby human.
labour.
Commerz-und-Privaf Bank
The Commerz-und-Privat Bank had deputed technical
experts to the U.S.A. in order to investigate the
employment of labour-saving appliances in the offices
and workshops of that country. The results of
their research have since been adopted by the authorities.
In 1925 this bank had to close 16 small branches,.
and found it necessary to reorganize 59 branches on
a sound basis. The year began with 10,260 employees.
but ended with 7,100. 29
The business on the st6cks and securities side was·
29· ·The reports are published in several numbers oE DaB Ban1c A,,,hio>
(Berlin),