"Hapag" the Germans gaily call that steamship line more sedately known as Hamburg-Amerikanische-Paketfahrt-Aktien-Gesellschaft.

Last week they brooded over the startling name of Deutsche Bank and Disconto Gesellschaft and, with Teuton unanimity, decided to call it Dedi.

Startling was the name, for it signified the merger of two of the famed four "D" banks. Dedi becomes the only billion dollar bank† outside of the U. S. and Great Britain, controlling, some say, over one-third of the deposits of the seven biggest banks in Germany.

To many a U. S. investor this was vital news...

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