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Bismarck's Fortune
Published online by Cambridge University Press: 16 December 2008
Extract
The private fortunes of great men form a subject usually neglected by their biographers. The more idolizing the biographer, the less apt he is to consider it, as if such a hero's fortune were a partie honteuse in his life. In Bismarck's case, the forms and size of his fortune and the ways he acquired it, matters about which he himself was never reticent, were the object of hostile contemporary pamphleteering and much gossip then and later among friends and foes, high and low, princes and underlings.
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References
1. For a recent treatment of the fortunes of a few of the great see Küntzel, Ulrich, Die Finanzen grosser Männer (Düsseldorf and Vienna, 1965). I have used his ninth chapter, dealing with Bismarck, for numerous details.Google Scholar
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46. “…kenne ich…noch garnicht, Sie können daher noch eingehender schreiben. Ein Gut von dem ich nichts weiss, hat kein Interesse für mich, und die Rente von einer Actie ist höher wie von Grundbesitz. Das Interesse an Letzterem muss einen Theil der Zinsen decken, sonst ist es thöricht ihn zu besitzen. Ich wünsche namentlich zunächst folgende Auskunft: Wieviel Fläche, und Wo, ist mit Winterkorn bestanden, wieviel mit Klee, roth oder weiss, mit Gras-Saat?
“Was beabsichtigen Sie zum Sommer zu bestellen, wo, wie gross, womit? in Dung oder nicht? Welche Versuche werden Sie mit Lupinen, Seradella machen,… welche Gras-Mischung zur Weide? Letztere scheint bisher ganz der Natur überlassen…
“Wie lohnt das Korn im Drusch? Was ist gedroschen, was noch zu dröschen. Wie ist der Kartoffel u. Rüben-Vorrath?
“Wer von einem Gut nichts Anderes efrährt als zuzahlen und nicht hört wie die Aussicht für die Zukunft ist, der verliert die Lust daran.”
(Autograph letter in the author's possession.)
47. Meyer & Ernst, Lagerkatalog No. 33, Nos. 437f., 440, 442.
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57. kardorff, pp. 83ff.
58. Cited in Der Spiegel, 1965, No. 14.
59. In addition, there were foreign favors, such as a tabatière valued at 40,000 francs, the gift of the visiting Tsar Alexander III in 1889, which was shown “to his familiars with an infantile satisfaction,” the Prince flattering himself that he had completely reassured the Tsar about his diplomacy; in addition, Herbert Bismarck received a jewel valued at 15.000 francs. Documents diplomatiques français, Ist Series, VII (Paris, 1937), No. 487.Google Scholar
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62. Similar insensibility on this point was at least as common outside Germany. To mention some glaring cases: the uncle of the main founders of Schneider-Creusot was a general and in 1839 even minister of war. The Schneiders, one of them for a time President of the Second Empire Corps législatif, encountered far less hostility on the part of the military bureaucracy than that into which Alfred Krupp originally ran. Habaru, A., Le Creusot terre féodale (Paris and Brussels, 1934), p. 26;Google ScholarLhomme, Jean, Lagrande bourgeoisie au pouvoir (1838–1880) (Paris, 1960), pp. 101f.Google Scholar
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65. Ibid., p. 262.
66. Boelcke, , op. cit., p. 38.Google Scholar Krupp had, in caucus presumably, recommended Moltke as a candidate: if he accepted, “one can congratulate the precinct; for in addition to the general interest, the private interests of the precinct will have a due share in his influence.” Menne, Bernhard, Krupp. Deutschlands Kanonenkönige (Zurich, 1937), pp. 141, 147.Google Scholar
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72. Cited in Der Spiegel, 1965, No. 14.
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74. Vagts, Alfred, Deutsch-amerikanische Rückwanderung (Heidelberg, 1960), p. 76.Google Scholar The most general personal involvement of diplomats, including Metternich, Nesselrode, and Hardenberg, in a financial arrangement was in the French “reparations” settlement, by way of a loan that the Barings brought on the market following the Congress of Aachen in 1818. For the details see Nolte, Vincent, Fünfzig Jahre in beiden Hemisphären (2nd ed., Hamburg, 1854), I, 308.Google Scholar
75. Busch, III, 83; Kardorff, pp. 89ff. For a rather sober, but oversimplified presentation of the Bismarck-Bleichröder connections see Fürstenberg, Hans, ed., Carl Für stenberg. Die Lebensgeschichte eines deutschen Bankiers. 1870–1914. (Berlin, 1931), pp. 48ff., 79.Google Scholar The one substantial Bismarck biography to appear in the Third Reich, Arnold Oskar Meyer's, mentions Bleichröder only once, as against some twenty-five mentions in Busch's Secret Pages. Documentary publications about Bismarck's relations with Bleichröder and the Rothschilds have been in preparation for quite some time. Hallgarten, , Imperialismus, I, 168.Google Scholar According to Küntzel, (p. 490), a well-known West German ordinarius for history once held a Bleichröder file in the Friedrichsruh archives in his hands but did not open it, “and thus preserved his scientific virginity.”Google Scholar
76. Küntzel, pp. 486, 490f.
77. Busch, I, 341.
78. Ibid., I, 353. After Bismarck had forbidden Herbert a love marriage, he was satisfied by the son's rich marriage, the bride a Countess Hoyos, the granddaughter of Whitehead, the inventor of the torpedo, and not highly regarded by Viennese high society as the grandchild of “a blacksmith.” Monts, Graf Anton, Erinnerungen und Gedanken (Berlin, 1932), pp. 103ff.Google Scholar
79. Bismarck, , Die gesammelten Werke, VIII, 231, 463.Google Scholar
80. Ibid., p. 130.
81. Ibid., pp. 212, 383.
82. The History of The Times, III (London, 1947), 181.Google Scholar For a contemporary American diplomatic commentary on the loan of 1884 and “the house of Bleichröder…a protégé of Prince Bismarck, fast rising into prominence in the financial world,” see Papers Relating to the Foreign of the United States for 1884 (Washington, 1885), pp. 449ff.Google Scholar
83. Die grosse Politik der europäischen Kabinette, 1871–1914 (Berlin, 1922–1926), III, No. 694; IV, No. 747.Google Scholar For the employment of Bleichröder, who was heavily engaged in Rumanian enterprises, in the matter of the emancipation of the Jews which Rumania withheld despite the Great Powers' mandate, and the wider significance of this maneuver, see Winckler, Martin, Bismarcks Bündnispolitik und das europäische Gleichgewicht (Stuttgart, 1964), pp. 28ff.Google Scholar
84. Grosse Politik, IV, No. 750.Google Scholar
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86. Hertz, Richard, “Der Fall Wohlgemut,” Historische Vierteljahresschrift, XXXI (1937–1939), 760ff.Google Scholar
87. How far Bleichröder was using hints from Bismarck for his own speculations is largely unknown. Once at least he went wrong on a tip from the Chancellor. As Walther Rathenau reported it, this resulted in Bleichröder's “one big mistake…over the crisis of 1887, when Bismarck told him that war between Russia and England was certain. He went a heavy bear and lost millions of marks on Bismarck's advice.” D'Abernon, , Versailles to Rapallo, p. 278.Google Scholar
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89. Busch, II, 317; Kardorff, pp. 106ff. Küntzel, pp. 486ff., ignoring the documented version of Kardorff, still follows the version of Bismarck's enemies.
90. Küntzel, pp. 489ff.
91. von Holstein, Friedrich, Die geheimen Papiere (Göttingen, 1956–1957), I, 149.Google Scholar
92. Kardorff, pp. 168ff. It was at the same time that Karl Schurz, always an ardent “goldbug,” doubted “the feasibility of getting Bismarck around” to bimetallism. Vagts, Alfred, Deutschland und die Vereinigten Staaten in der Weltpolitik (London and New York, 1935), p. 486 and Chapter X, “German and American Bimetallism.”Google Scholar
93. Kardorff, pp. 97ff.; Die gesammelten Werke, VIII, 296.Google Scholar Bismarck spoke to Maximilian Harden, who printed it in Die Zukunft, about the Prussian Conservatives who did not know what they wanted to conserve, from whose loutishness and envy he had to suffer while in power and about whose part in his disgrace he was only too well informed. Documents diplomatiques français, Ist Series, XIII (Paris, 1953), No. 318Google Scholar
94. 1880. Frank, Walter, Hofprediger Adolf Stoecker und die christlichsoziale Bewegung (2nd ed., Hamburg, 1935), pp. 91, 304f.Google Scholar The attacks on Bleichröder in particular, declared Herbert Bismarck at the same time, echoing his father's views, took place “not because he is a Jew, but because he is rich.… The dangerous thing is the Communistic-Socialistic tendency of Stoecker's provocation.” ibid., p. 96. Similarly Bismarck to Busch (II, 454): “I draw a distinction between Jew and Jew. Those who have become rich are not dangerous. They will not put up barricades, and they pay their taxes punctually. It is the enterprising ones who have nothing, particularly those of the press. But after all, it is the Christians, and not the Jews who are the worst” (1881).
95. Frauendorfer, I, 166, 276.
96. It was Kardorff who made Bismarck, the former free trader, see the connection between lumber prices, which interested the Chancellor greatly, and the low prices of iron and steel which agriculturalists had welcomed per se. Since German iron tariffs had been removed, leaving the industry unprotected against foreign imports, this suffering industry was no longer the foremost consumer of lumber products, needed for mining and charcoal-using furnaces. Protective tariffs would rescue both. Bismarck, , Die gesammelten Werke, VIII, 225f.Google Scholar
97. Bülow, , Denkwürdigkeiten, I, 58.Google Scholar
98. Frauendorfer, I, 346.
99. Ibid.
100. As the sociologist of parties Robert Michels wrote of the Bund der Landwrite: “When the Junker party, the Prussian Conservatives, seemed in danger, due to the Bismarckian general and equal suffrage, of losing its parliamentary power, which it needed after all in addition to the power which it held as the close phalanx of the Crown and the holders of the jobs in administration, army, diplomacy, etc., it founded the Bund der Landwirte, which allowed for and obtained a popular base.” Grundriss der Sozialökonomik, IX, Abteilung, I. Teil (Tübingen, 1926), p. 326.Google Scholar
101. A Bauernfänger was originally a card sharper and city slicker, preying on the peasantry. Ziekursh, I: Die Reichsgründung, 80.
102. For more details see Vagts, Alfred, “Diederich Hahn—ein Politikerleben,” Jahrbuch des Bundes der Männer vom Morgenstern for 1965, pp. 155–92.Google Scholar
103. To Tirpitz, June 1897. von Tirpitz, Alfred, Erinnerungen (5th ed., Berlin and Leipzig, 1927), p. 90.Google Scholar Bismarck had not “served his year” in a feudal cavalry regiment—the splendid uniform of the Halberstadt Cuirassiers was a later acquisition—but in a more modest, unmounted Jaeger battalion, first at Potsdam, then at Greifswald. At this point an excursus on the rich and poor army officer in the German and other armies could begin. In Germany, the highest and richest nobility, from count up, contributed nearly nothing to the body of generals commanding in combat; in England, Haig in a way was too rich and independent in his means to knuckle under to the Welsh commoner, Lloyd George, while Montgomery, of poorer background, eventually obeyed. The most self-willed American general of World War II was George S. Patton. “Independently wealthy through inheritance and married to a member of an even wealthier family, he was oblivious to the normal inhibitions imposed by the Army on its officers,” most of whom were poor, and consequently, one might say, had to write their memoirs. Pogue, Forrest C., George C. Marshall. Ordeal and Hope (New York, 1960), p. 405.Google Scholar
104. Meisner, , Denkwürdigkeiten Waldersees, II, 202.Google Scholar
105. The British paid Bleichröder the compliment of making him consul general for Berlin (Busch, III, 188); the Rothschilds were for long years Prussian consuls general in Paris.
106. Count Wolff-Metternich, the penultimate German ambassador at the Court of St. James before World War I, had entrusted his private fortune to the management of Sir Ernest Cassel, even after his departure from London. It was confiscated after July 1914, leaving Metternich very poor. HHA: Letters of the Earl of Oxford and Asquith to a Friend. Second Series (London, 1934), p. 66.Google Scholar
107. For such bankers' activities in connection with Bismarckian diplomacy before 1866 see Friedjung, , Der kampf um die Vorherrschaft, I, 150, 165.Google Scholar
108. Küntzel, p. 480. The Friedrichsruh estates include a grain distillery and, leased, a “Bismarck Quelle.” The most recent development in the Bismarck fortune: the suburbs of Hamburg have reached the Sachsenwald, on the grounds of which a high-rise apartment building, eighty meters high and with 143 cooperative apartments, “now renting,” has been constructed. Der Spiegel, Aug. 7, 1967, No. 33.
109. Küntzel, pp. 506ff.
110. Die gesammelten Werke, VIII, 352.Google Scholar
111. “The chief qualification of a Cabinet member was not so much ability as aristocratic connections and a large landed property.” Aspinwall, A., “The Cabinet Council: 1783–1835,” Proceedings of the British Academy, XXXVIII (1952), 199.Google Scholar
112. Newtown, Lord, Lord Lansdowne. A Biography (London, 1929), p. 7.Google Scholar The Lansdowne holdings in Ireland alone amounted to 170,000 acres in the 1880's. Abels, Jules, The Parnell Tragedy (New York, 1966), p. 95.Google Scholar Lansdowne, unwilling to surrender any of these holdings, in the early 1880's broke with Gladstone in defense of Irish land system, “in which the old patrician order had shown itself at its worst and most selfish.” Hammond, J. L., C. P. Scott of the Manchester Guardian (London, 1934), p. 215.Google Scholar
113. A curious “synthetic” landholder was Walther Rathenau, who had bought from the Hohenzollerns a rundown château which he restored.
114. Lhomme, , op. cit., pp. 20, 22, 27, 36f., 273.Google Scholar
115. One should not altogether forget Henry Morgenthau, FDR's neighbor and an apple grower, and his fancy of “pastoralizing” Germany and thus returning her to a state of innocence, without a war-making industry.