The construction of the Anatolian Railways by German capitalists was
accompanied by a considerable expansion of German economic interests in
the Near East. In 1889, for example, a group of Hamburg entrepreneurs
established the _Deutsche Levante Linie_, which inaugurated a direct
steamship service between Hamburg, Bremen, Antwerp, and Constantinople.
It was the expectation of the owners of this line that the construction
of the Anatolian railways would materially increase the volume of
German trade with Turkey—an expectation which was justified by
subsequent developments. In 1888, the year of the original railway
concession to the _Deutsche Bank_, exports from Germany to Turkey were
valued at 11,700,000 marks; by 1893, when the line was completed to
Angora, they mounted to a valuation of 40,900,000 marks, an increase
of about 350%. Imports into Germany from Turkey during the same period
rose from 2,300,000 marks to 16,500,000 marks, showing an increase of
over 700%. No small proportion of the phenomenal increase in the volume
of German exports to Turkey can be attributed to the use of German
materials on the Ismid-Angora railway. In any event, there was no
further substantial development of this export trade between 1895 and
1900, although imports into Germany from Turkey reached the high figure
of 28,900,000 marks at the close of the century.[13]
That German traders should follow German financiers into the Ottoman
Empire was to be expected. The _Deutsche Bank_—sponsor of the Anatolian
Railways—had been notably active in the promotion of German foreign
commerce. From its very inception it had devoted itself energetically
to the promotion of industrial and commercial activity abroad, thus
carrying out the object announced in its charter “of fostering and
facilitating commercial relations between Germany, other European
countries, and oversea markets.” By the establishment of foreign
branches, by the liberal financing of import and export shipments, by
the introduction of German bills of exchange in the four corners of
the earth, and by other similar methods, this great bank was largely
responsible for the emancipation of German traders from their former
dependence upon British banking facilities. The Anatolian Railways
concessions marked the initial efforts of the _Deutsche Bank_ at
Constantinople. What it had done elsewhere it could be expected to do
in the interests of German business men operating in Turkey.[14]
Public-domain text, read in full here on John Shaqi.
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