| Notes |
In 1893: the Northern Pacific became insolvent. In the interests of the German investors, Siemens saw himself with no other choice but to personally arrange for the bail out. With the help of an international syndicate, the company was placed on a solid financial basis.
It was the high-profile banker and industrialist Edward D. Adams that Deutsche Bank was able to win over to become Chairman of the Reorganization Committee for the Northern Pacific, and he was also to guard the bank's interests over the next 20 years until the First World War. |