What is G. Scheel & Co?
'''G. Scheel & Co''' was a bank started in [[Tallinn]] by Georg Johannes Heinrich Scheel on January 1, 1884 as a limited partnership. It was then called Tallinn Bank G. Scheel. It became a [[Joint-stock company|joint-stock]] bank in 2010, when it was managed by the grandson of the founder, Klaus Scheel. In the early years of the [[Estonian War of Independence]], Scheel Bank served the Russian White Guard Northwestern Army and the Northwestern Russian government in Estonia. Under the [[Treaty of Tartu (Estonia–Russia)|Tartu Peace Treaty]], Estonia allowed [[Soviet Russia]] to use Estonia and Estonian ports for duty-free trade. Soviet Russia sold the wealth [[Nationalization|nationalized]], requisitioned or stolen from the former owners. A lot of g[[Gold|old]] and [[Diamond|diamonds]] were sold through the bank.<ref>{{Cite web|title=HORISONT 1/2004|url=http://www.horisont.ee/arhiiv_2003_2006/artikkel190_186.html|access-date=2023-08-26|website=www.horisont.ee}}</ref> In the 1920s The Scheel Group arranged foreign [[loan]]<nowiki/>s to Estonian companies, especially the new [[fuel oil]] industry. Scheel bought the main [[Brewery|breweries]]. ==References== {{reflist}} [[Category:Banks of Estonia]] [[Category:1884 establishments in Europe]] [[Category:Establishments in Estonia]] [[Category:Organizations based in Tallinn]]