108:, in 1918, Cuba's economic situation had worsened dramatically, especially after its great crash 1920 that brought unfathomable consequences to thousands of workers who lost their jobs. Due to these difficulties, H. Upmann & Co. - like so many others - left in 1922 and was sold for a mere 30,000 pesos to the Habsburg Trust Havana Bank Three years later, on September 3, 1925, Herman passed away and his brother Albert moved to the
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during the war, the
Spanish government was dependent on H. Upmann’s bank to finance its war efforts. Because of the unrest in Cuba, many bankers decided to withdraw their money from Cuba in 1896. As a representative of the
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Joseph
Herrings, a war correspondent, described the Upmann banking house as "the most important banking company in Cuba, perhaps in the whole of West India."
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were seized by the
Custodian of Alien Enemy properties in the United States, and the firm was placed on the US Enemy Trade List. With the end of
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on the corner of the
Amargura and Mercader’s streets. Built in 1904, it was the first building of its kind. It houses today the agency of the
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After the death of
Hermann Friedrich Upmann in 1910, the bank was presided by his nephews, Hermann Friedrich and Albert Upmann and
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H. Upmann & Co. was very successful through the purchase of promissory notes in Madrid during the
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Die H. Upmann
Zigarre – Der Bielefelder Hermann Dietrich Upmann und die Schaffung einer Weltmarke
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and other important customers, H. Upmann & Co. transferred large quantities of
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138:. Bielefeld,Germany: Altenberend/Reinhard Vogelsang. Bielefeld. p. 263.
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31:, Germany, it was founded in 1844 and presided over by
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The London Banks and
Kindred Companies and Firms ...
89:In Havana the bank built its own business house in
86:, a partner of the bank who quit the bank in 1916.
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97:(before called the Cuban National Bank).
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168:T. Skinner & Company. p. 504.
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162:(bart.), Sir Thomas Skinner (1916).
129:Beerbühl, Margrit Schulte (2015).
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211:, Monday, 27 November 1922, p. 6
27:, with a subsidiary branch in
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258:Organizations based in Havana
222:"La larga saga de H. Upmann"
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207:The Wall Street Journal,
180:"H. Upmann Bank Building"
72:and trading hub with the
45:Cuban War of Independence
76:since the 18th century.
33:Hermann Dietrich Upmann
226:www.juventudrebelde.cu
152:,New York 1899, S. 165
35:. It closed in 1922.
100:In 1917, H. Upmann's
184:www.oldhavanaweb.com
95:Central Bank of Cuba
68:, which had been a
150:Kuba und der Krieg
17:H. Upmann & Co
148:Joseph Herrings:
74:Caribbean islands
64:to its office in
49:American blockade
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186:. Archived from
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84:Theodore Garbade
70:financial center
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253:Banks of Cuba
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190:on 2017-10-07
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47:. Due to the
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230:. Retrieved
228:(in Spanish)
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192:. Retrieved
188:the original
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106:World War I
54:Rothschilds
247:Categories
232:2017-10-26
194:2017-10-26
23:based in
66:New York
19:. was a
116:Sources
39:History
102:assets
91:Havana
62:silver
29:Bremen
136:(PDF)
60:and
58:gold
25:Cuba
21:Bank
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