Military Review

Honest Banker

26
One of the prominent entrepreneurs of Russia was Boris Abramovich Kamenka (09. 01. 1855, Kiev, before 1942) - a merchant of the 1-th guild, a banker.


Honest Banker


In 1914, in the Russian Empire, there were 53 commercial joint-stock banks that had 778 branches. 5 of the largest banks (Russian-Asian, St. Petersburg International, Russian for foreign trade, the Azov-Don and Russian commercial and industrial banks) concentrated up to half of the resources of all Russian commercial banks in the hands of the First World War.

B. A. Kamenka in 1910 - 1917 - Chairman of the Board of the Azov-Don Commercial Bank. The capital of the latter approached the sum of the assets of the St. Petersburg International Bank, the largest in that period (20000000 rubles of share capital and 12200000 rubles of reserve capital). By current accounts and deposits, the Azov-Don Bank even overtook the leader (84100000 rubles).

During the five years before the war, the bank's share capital reached an impressive figure of 50000000 rubles, and current accounts and deposits - 211600000 rubles. The volume of bank operations increased by more than 1,5 times, and the volume of bill loans of the Azov-Don Bank exceeded those of the St. Petersburg International.

The bank under the leadership of B. A. Kamenka became the fourth largest commercial bank in Russia.

Since 1911, its shares have been listed on the Paris Stock Exchange. Materials of registration of Russian securities in France in 1919 showed the presence of shares of this bank (at par) in the amount of 19500000 rubles. Shares of the bank with 1910 were quoted on the Berlin Stock Exchange.

B. A. Kamenka was actively involved in banking and personally worked with major shareholders. So, at a meeting of shareholders 27. 03. 1914, most of the shares for which the Bank Für Handel und Industry issued certificates, were represented by B. A. Kamenka. R. Michon, the former consul of France in Russia, was introduced to the Board of the Bank on the initiative of B. A. Kamenka.

The following fact testifies how much BA Kamenka valued in the foreign banking sphere. When at the beginning of 1914, Boris Abramovich was elected to the administrative board of the Bank dei Peyi du Nord, the Council, urging shareholders to ratify the appointment of B. A. Kamenka, reminded of the links with the Azov-Don bank, calling the latter’s chairman the board. The help from B.A. Kamenka was called as “precious”.

B. A. Kamenka was also the chairman of the boards of a number of organizations - for example, the Society of United Cement Plants, the Taganrog Metallurgical Society and the Russian Society Siemens-Schuckert.

By providing loans to industrial enterprises, the bank, under the leadership of B. A. Kamenka, sought to establish control over them. But it was not a control for the sake of siphoning off resources — but a control for increasing the profitability of enterprises. For example, in 1911 - 1912. The Azov-Don Bank carried out the financial reorganization of the Sulina Metallurgical Company. In 1912, acquiring the Kerch Metallurgical Plant from the State Bank, B. A. Kamenka combined it with the Taganrog plant - as a result, the Taganrog society, having acquired its own blast furnace production, became one of the most profitable metallurgical industries in the south of Russia.

On the eve of the First World Azov-Don Bank began to be active in the field of oil industry.

The war seriously changed the situation in the banking sector - the transfer of heavy industry (and later key branches of light industry) to serving military needs led to the fact that the most important industrial clientele of banks went to state financing (military supplies were financed by the State Treasury). Accordingly, commercial banks direct their main resources to finance military spending. At the same time, banking control over various enterprises grew - and by 1917 it spread to 468 enterprises (44% of Russian share capital).

B. A. Kamenka did not forget about his belonging to the Jewish community.

He was the chairman of the Rostov Jewish community, a member of the board of the Jewish community of St. Petersburg, the Jewish colonization society, was engaged in charitable activities.

In 1917, a respected specialist B. A. Kamenka becomes an adviser to the Provisional Government. He was in charge of financial matters.

In the revolutionary year, he did not stay aloof from politics - B. A. Kamenka sponsored the Cadet newspaper Rech. Although in terms of “freedom of speech” 1917, as an eyewitness recalled, “... the newspaper did not keep pace with bankers and chauvinists such as Kamenka and Milyukov. But she did not keep up with the Bolsheviks. "

Supporting the activities of the People’s Freedom Party and its organ, the Rech newspaper, B. A. Kamenka acted through A. I. Kamenka (a relative and member of the Council of the Azov-Don Bank) - a member of the Central Committee of the Cadet Party.

As noted by a contemporary, everyone knew that Rech was published using bank funds.

After 1917, Mr. B. A. Kamenka left Soviet Russia, but did not participate in the Civil War. In 1920, he rejects P. N. Wrangel’s proposal to become finance minister in the Crimean government.

After 1920, Mr. B. A. Kamenka emigrated, but continued to be active abroad. So, he participated in the creation of the Russian Trade and Industry Union, established in Paris in 1921 by Russian entrepreneurs. In the same year at the Paris congress of representatives of Russian industry, he delivered a report. In 1923, Mr. B. A. Kamenka becomes Chairman of the Paris Russian Insurance Society. He did not forget about the publishing activity - he participated in the publication of the Berlin cadet newspaper "Rul".

As recalled by a man who knew the entrepreneur closely, B. A. Kamenka was, by all accounts, one of the most talented financiers of his time and at the same time one of the cleanest in the banking sector. He noted that this "not expansive, handsome Jew" closed in the framework of banking operations. And, although Kamenka became a cadet banker, he did not distribute seats to the cadets and did not use their influence on the affairs of the bank. And in exile, he remained an authority in banking.

Sources of
Report of the Azov-Don Commercial Bank for 1914, St. Petersburg., 1915 .;
Kolyshko I. I. Great Decay. Memories. SPb., 2009.

Literature
Bovykin V.I. Financial capital in Russia on the eve of the First World War. M., 2001;
Boyko P. A. Commercial banks and the real sector of the Russian economy of the late XIX-early XX centuries // Economic Journal. 2011. No. 22 .;
State Bank in 1913 year: French look. M.:, 2015.
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26 comments
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  1. Streletskos
    Streletskos 20 February 2018 06: 47
    +23
    There were times when even bankers were honest)
    1. Bouncer
      Bouncer 20 February 2018 09: 09
      +21
      Surprising but it happens
      Even among Boris Abramychy))
    2. Alber
      Alber 22 February 2018 14: 03
      0
      Quote: Streletskos
      There were times when even bankers were honest)

      An honest banker is nonsense! And if he is also a Jew, then three times is doubtful ...
  2. Horseman without a head
    Horseman without a head 20 February 2018 07: 18
    +24
    In 1917, B. A. Kamenka was a vowel of the Rostov City Council, foreman of the exchange committee, and director of the Rostov branch of the Imperial Musical Society. A public figure however.
    So much for the oppressed Jews, allegedly at that time.
    Normul
  3. XII Legion
    XII Legion 20 February 2018 07: 46
    +22
    100 years ago, entrepreneurs and bankers thought about the real sector of the economy, about production.
    Even banks thought about
    increasing the profitability of enterprises.

    Therefore, the authority of their representatives, in particular Kamenka, which was not only
    one of the most talented financiers of his time
    but also
    one of the cleanest in the banking sector

    Thank you
    1. Trapperxnumx
      Trapperxnumx 20 February 2018 12: 12
      +4
      Believe me, today oligarchs and businessmen are concerned about the very profitability. You can only increase it in different ways - by introducing new technologies, or by reducing workers with increasing responsibilities for the remaining ones. Let's hope that the person mentioned in this article went the first way.
      1. XII Legion
        XII Legion 20 February 2018 12: 32
        +18
        I doubt that modern banks are thinking about the profitability of industrial enterprises - now they are almost pure moneylenders.
        Well, Kamenka
        At least he was thinking about production.
        And not about how to suck out all the juices, go bankrupt and then the grass does not grow.
        How do some modern oligarchs and businessmen
      2. naidas
        naidas 20 February 2018 20: 33
        +2
        Yeah, it went by attracting foreign capital and squeezing juices from workers, therefore, after honest work, it became after 1917 its own abroad and a stranger in Russia.
        All guardians of an honest banker were not prevented from working as workers in conditions until 1917. in the Society of United Cement Plants, Taganrog Metallurgical Society and the Russian Society of Siemens-Shukkert.
        1. XII Legion
          XII Legion 20 February 2018 20: 47
          +15
          Indelicate question
          Did you work
          workers in conditions until 1917. in the Society of United Cement Plants, Taganrog Metallurgical Society and the Russian Society of Siemens-Shukkert.
          ?
  4. parusnik
    parusnik 20 February 2018 08: 26
    +8
    In 1920, B.A. Kamenka rejected P.N. Wrangel's offer to take the post of Minister of Finance in the Crimean government.
    1. Bouncer
      Bouncer 20 February 2018 09: 10
      +23
      Cooked, sensed where the wind blows)
      Although in vain
      Good government
      Literate reforms
      1. Alf
        Alf 20 February 2018 22: 15
        +1
        Quote: Bouncer
        Good government

        Whose?
        Quote: Bouncer
        Literate reforms

        What kind ?
        1. Bouncer
          Bouncer 20 February 2018 22: 34
          +16
          They talked about Wrangel’s reforms
          He recognized the seizure of landlord land by the peasants in the first years after the revolution as lawful, carried out a number of administrative reforms in Crimea, as well as the reform of local self-government (the Law on Volost Zemstvos and Rural Communities), patronized the workers by adopting a number of provisions on labor legislation.
          If they were not conducted by the Wrangel government, they would say: Oh, great!
          But since adopted a policy of double standards, they say: "Fu, they are bad already because they were carried out by Wrangel."
          Read about reforms yourself, we have a cultural club
          And not why club
          1. Streletskos
            Streletskos 20 February 2018 23: 04
            +15
            May I ask you too, pzh-a hundred
            Although not a club why)
            Why is the grass green, why is the water wet?
            1. Bouncer
              Bouncer 20 February 2018 23: 08
              +15
              Well you give
              Uncle piled up)
              As is customary to say on this resource - google to help
              Although the most valuable and important in the internet certainly can not be found
              This is the fruit of long picking in archives and libraries.
              1. Streletskos
                Streletskos 20 February 2018 23: 10
                +15
                This is the fruit of long picking in archives and libraries.

                Agree
                Fast Toko kittens will be born and articles with "fried" headlines, designed only to flock people
                In increased volumes
                1. Bouncer
                  Bouncer 21 February 2018 05: 50
                  +15
                  Streletskos
                  designed only to flock people

                  That's where the dog rummaged
          2. Alf
            Alf 20 February 2018 23: 13
            0
            Quote: Bouncer
            patronized the workers by adopting a number of provisions on labor legislation.

            In a nutshell.
            Quote: Bouncer
            Read about reforms yourself

            Can’t you yourself?
            1. Bouncer
              Bouncer 21 February 2018 05: 49
              +15
              In a nutshell.

              And I’m not a help desk for you.
              You can do it yourself - maybe even in three words.
              1. Alf
                Alf 21 February 2018 22: 20
                0
                Quote: Bouncer
                In a nutshell.

                And I’m not a help desk for you.
                You can do it yourself - maybe even in three words.

                Nothing to say. They thumped a bell, and then for health or for peace, sort it out yourself.
                1. Bouncer
                  Bouncer 22 February 2018 06: 14
                  +15
                  Alf
                  Nothing to say. They thumped a bell, and then for health or for peace, sort it out yourself.

                  To tell me there is always something
                  And about the reforms of Wrangel written. And contemporaries and historians. I just don’t understand why I should answer your why-things.
                  Do I owe you something? Do you owe something? Do we know each other or drank at Brudershaft?
          3. voyaka uh
            voyaka uh 21 February 2018 12: 24
            +2
            You're right. Of all the White Guard leaders, Wrangel was the most
            adequate. Even Yudenich, perhaps.
            Denikin is a very weak commander and organizer and zero politician.
            But at least a decent person.
            Kolchak - full out. And the whole of Siberia - Semenov, Ungern ... scumbags, as a selection.
            1. Alber
              Alber 22 February 2018 14: 08
              0
              Quote: voyaka uh
              You're right. Of all the White Guard leaders, Wrangel was the most
              adequate. Even Yudenich, perhaps.
              Denikin is a very weak commander and organizer and zero politician.
              But at least a decent person.
              Kolchak - full out. And the whole of Siberia - Semenov, Ungern ... scumbags, as a selection.

              I did understand that your favorite Peteura shaw ...))
  5. Square
    Square 20 February 2018 11: 10
    +7
    Interesting person
    Banker funded the press
    The fate of a specialist is always interesting
  6. Rotmistr
    Rotmistr 20 February 2018 15: 36
    +17
    Russian entrepreneurship during the Great War was not only represented by energetic and progressively minded people
    But also, since
    and commercial banks use their main resources to finance military spending.
    patriotic
    Not in words, as now, but in practice.
    There is much to learn
  7. Some kind of compote
    Some kind of compote 20 February 2018 16: 22
    +18
    Interesting person
    Even by not mixing business and politics
    although Kamenka became a cadet banker, he did not give out seats to the cadets and did not use their influence on the affairs of the bank.

    Fine good