In Germany, the absorption of the Schaffhausenschen Bankverein by the Disconto Gesellschaft, to which we referred above, was commented on in the following terms by the Frankfurter Zeitung, one of the organs of the Stock Exchange interests: 'The concentration movement of the banks is narrowing the circle of establishments from which it is possible to obtain large credits, and consequently is increasing the dependence of large scale industry upon a small number of banking groups.