The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-12-10

guaranty OF the Roumanian Government. In
! lsil, however, the authorities OF Bucharest re.
fused to pay the January coupons, and the ex
| pedients to which Strousberg was constrained
to resort under the pressure of this unlocked.
! Tor embarrassment were Of desperate charac
| ter. He sold his extensive iron works, pledged
his German estates and morteaged other prop
orty to the Rpumanian Railway Company, thus
\ raising for that corporation 100000 thalcrs In
ash and 10000 tbalers for the Discount COM
pany, which had made advances on the coupons
in default. Still hopeful Of surmounting
his difficulties, he sold at great sacri-
fee other important interests vet he found
| II impossible to carry his enormous
| railway undertakings, and therefore aban-
doned all but three. At this juncture he
went to London with the object of securing az
sistance from British capitalists. but was foiled
| In so doing by having to hurry back to German my
to confront new difficulties incu red from the
immense sale OF his bohemian works. Then
the sale OF his picture gallery and of the south
ern citadel Of Antwerp for which he bad paid
half million of dollars as caution money! sup.
piled him temporarily with funds. Next he
parted with the right to finish the Hanover-A Al
tenbecken Railway for a considerations but con-
trlved to com tete and open for tro flc the Halle
soran and one other line. At last. In 1874, he
agreed to supply Polykof, the Russian railway
contractor, with 1000 railway carriages within a
very short period OF time. The rolling stock
made under this contract was destined for the
hursk-CharkOh line, which paid with deben-
lures on which the Moscow Commercial Bank
advanced the cash. In this way began the con-
nection between DIR. Strous0erc aud that fusti-
tuition. rho 1000 carriages having been deliver.
ed, our operator agreed to sul ply 1000 more the
Moscow bank advancing 1900 90 roubles on the
strength Of this contract. Subseque utly It an.
pears that further advances were made upon
other securities.
In $50 the final crash occurred. The shares Of
the Mehltheur-M eida RAILWAY proved a drug in
the marNet. On the Vienna Exchange strous.
berg was defeated In his eft to float q per
cent. deoentures, and the attempts to establish
JOINT stock company for his German and Io-
hemian mines and iron works were unsuccess-
ful. In the autumn Of that year his affairs were
brought before the Prusslan courts for admlnis-
,ration. Contrary to what had been stated IL
wns found that no real property had be en- handed
over by the debtor to his wife. excepting the
Elbing Railway carriage factory. and even this
Mrs. srousberg at once declared her willingness
10 yield to her husbands creditors. The bank
rupt owned In Germany the landed estates Of
Radawnitz. womwellno. Alt-Laube, Pnebisch,
Garth, LISA. Peisten. and four others. lie also
possessed house at Neidenburg and "A man
sion and villa, with good deal of building land,
at Berlin The total value Of his real property
(within the limits Of the German r npire) was
omcially estimated at seventeen million marks
about four and quarter millions OF dollars),
but the mortgages upon 1t amounted to four
hfths OF that sum. The personal estate Of the
debtor within the cognizance Of the Prussian
court. Including the furniture and objects
OF ant In the Berlin mansion. were computed at
some $jJ.OOO. Upon the whole the conclusion
was reached that the luuid alton Of the clse
would occupy four or i've years. at the end OF
"hlch creditors could hope To receive only
small fraction Of their demands. 1t might be
otherwise were the debtor free and in a position
To cooperate with them for the reconstruction
OF the shattered fabric. Accordingly the special
commissarN reported that he had deemed IL "A
primary duty to do all in his power to obtain
baron srousberg's release from DEBTOR,
prison in Russia. We need not remind the road
or that these efforts were unsuccess ful, and tina,
theb nkrupt remained In JAIN until the tribunal
very recently. reached decision ia his case
solemnly banishing him from the Russian do
minions-a JUDGMENT which the great hnancier
pi"ph ~ heard with as much amusement "a
"ul!i'er woili have rec lived sentence Of xilc
from ldliput Yet while the sentence Of the
conr; IL farcica there is no doubt that the delay
-, "'"'"s '"'H - 'No"SoerR ana TO his
"'''' N"""s NOT "loh II stones says
"so'r-' "n' ne u 3 'npIeu these memoirs
III oi"el 10 '"aA' n'nl7ei oeuer understood.
ne writes thro"ghout Ike philosopher re-
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