, 1873-08-10
THE WOMAN-BANKER OF MuNTuH,

Many Of Our readers will remember the detaifs
OF the Dachanor Bank frauds which woro por-
petratod at Munich in November lust, by Adele
spitzodcr, tho actress, and Which, at tho timo,
created a worldwide sensation, both from thoir
magnitude and from tho fact that thoy wore de-
signed and carried out by woman. Tho S,oiss
Times rocontly gavo the only full account of
this adventurous remarkable operations which
has yet been published, from which wc condonao
tho points Of most general interest. Ado1o
spitzeder, born In Berlin in 1882 was tho daugl1-
ter Of Herr Sptzoaer, court actor, and his wife,
Betty, court Singer. Having finisho,l her odu-
cation, she determined to devote herself to
the stage, and Mado her debut ~ Dc1o.
Foh in hor twenty-sixth year with very
little bncceBa For ten years sic appeared on
various stages in Switzerland md Germany, but
succeeded in leaying nothing bchind her, oxcopt
ilor debts, which woro humorous in every place
sho visited. In tho yoar 1868, eAo returned to
Munich extremely poor, her earthly possessions
consisting Of ono suit aud fifty Aorins in money,
III the spring Of 1860, however, matters began to
look up with Adele. She Ind commenced bor
rowing money, the interest Of which she paid in
advance, out Of tho principal, md in 1870 her
business had become 80 thriving that sho was
ablo to give costly dinners. BY July, 1871 tho
rush OF business lad become 40 grcat that aha
was obliged to hire IN extra room in her hotel.
as connting-room. In August, 1871
sho removed to an elegant house wbicr
s,>A 0,1~ -
lived in fine sty1c, having purchased horse and
carriage. She represented lor business aB IN
undertaking for tho bonotlt Of tho poor, and about
this time undertook numerous sponsorships. In
one year, sho was godmother aixty-four times
making valuable presents on each OCCASION.
For considerable time, tho average of daily de-
posits amounted to 10000 Aorins and On one
occasion thoy went up to 100, 900. She succeeded
IN 90 far imposing upon tho Catholic clergy md
preHa that thoy hoartily indorsod her or recom-
moulded her bank to the people Of Bavaria,
Tho result vas, that ono bank could not accom-
modate the business, and 1t becnmo necessary to
establish three moro. Tho daily pross md tho
Minister Of tho Interior iaauod repoated
warnings to the people OF the character Of these
banks. But they wore infatuated with tho
mania for making money, and the warnings verc
useless. business poured III from every part Of
Dayaria, tho dopoHitors being mostly peasants.
laborors, and seryant-girls. at last, tho crash
which had boon predicted oamo. Before loyal
proceedings commenced, eomo distrust yas
awakonod. On tho 9Th of November last.
10000 norins wero deposited, while 40, 900 wore
paid out and on tho 18th, 5000 florins wero paid
in, against G5,0o0 drawn out. spitzedor sought
to stom tho run on her banks, which was COM
mencing, but, finding 1t usoloas ono morning
sho disappeared, taking with her NIL hor aya,la-
bio funds, and leaving nothing but her
aafes and eomo of the boolss, . mart
Of thom having been burned. Tho authorities
took possession Of tho banks, and found that hor
dobts amounted to 8,125,75s lorins, duo to tho
poor and Woodworking people Of Dayaria.] j.
Hor method of carrying On business, although
Oh very extensive acalo, WAS very simple oue
At first 10 per cent interest per month was paid
on all deposits. Aiterward tho rate WAS rotuco1
to por cont. Two months interest was i'm
1seaa1ey palu OIL all infest1nents, and bill at
three months giyon for tho amount Of the Do |
pobit, with tho addition Of another months In |
teroat. In addition to this, each posson dopoHt-
lug for another received foo OF from to nor |
cont and thus the larger part Of tho buslnoss
was dono through agents. Tho result WAS,
that tho amount Of intorcRt and gratuiltos
which slo paid e1coedel the total Of
doposits,-a fact which sho kept concoaloa by
covering all obligations with the first deposits.
b1uch Of hor auccoHs In imposing upon tho poo
plo resulted from the religious pretonaions which
ai1o made. In front Of tho house md on lor
note-heads were tho motto: "Thuo ncoht und
sohoue Nlemaud." sho noyor appeared iu pub
10 without large golden cross about her mock,
[lor philanthropy gained her the good Will Of
Ao Ultramontano party. At that ti.ae, tl4s Ul-