Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-08-21
A WANDERING HEIR.
Career of the Dissipsted Son and
Heir of Wealthy German Bank
er-He Spends a Million Dollars in
This Country in Two Years.
On HIS Way Back to the Father
land.
Leadvillo Special in Denver Tribune.


Julius Haas, who was only recently
from abroad. Neither his attire nor
demeanor indicated that he had any
money, present and prospective. He
took up his residence at the Laplander
mine with Mr.. Otto Anderson. Yes
terdsy be went to Denver to prepare
for his return home, where an inherit
ance of 17,500,000 marks, or S4,>
3I5, 900, now awaits claimant. The
life of the young millionaire contains
d wealth OF romance, and much of the
practical adventures which usually
befsll the prodigal son. Dissipation
at home and in this country and a
continuous draining from his fathers
riches finally left him to all intents
aud purposes pauper in a strange
land. His father was heavy banker,
the partner of the Rothschilds, and
land owner at Caroselut, the capital
Of Baden, one of the German States.
In his early college days young Haas
began to manifest symptoms of
extravaganza and recklessness. There
he commenced a gambling career
which only ended With his desti>
tuition in Leadville. The wine cup,
beautiful women and song had their
fascination for him as well, and be.
tween these complications he became
unmanageable and thoroughly improv-
ident. His father, thinking that a
change of association would influence
his habits aud morals for the better,
sent him to Marseilles with letters Of
credit and privilege to draw. He had
scarcely lodged there before he drew
100000 francs and lost it at the gam
bling table. From Marseilles he went
to Baden Baden and lost another
100000 francs at rouge ct noir. Re-
calling him, his father then obtained
an appointment as attache of the Ger
man Legation at Tunis, where his
brother was resident Consul. His ex~
travagance increasing rather than di.
minishing under the care of his broth.
.er, ne was sent to America with a
credit of $4,000 marks. That amount
soon disappeared in frolicS at Gotham,
and he again
| PINoHED THE PATERNAL PURSE
for $1,000 through New York ex
change. With that amount he started
on a tour of the Eastern cities, making
several additional drafts before ar.
| irving at Cincinnati. From Cincinnati
he went to Chicago. He was identi-
fled there by parties who knew his
father, and negotiated loan of$l0,000
or $4,000 with one of the leading
banks. Falling in with professional
rambler, he was induced to 90 to
Louisville and invest the $4,000 in a
sporting house. The gambler entered
into a conspiracy with two others, and
the very first night the house opened
it lost its bank roll. The money was,
ofcourse, divided between the out
siders and Haas partner. Returning
| to Chicago, he found himself without
resources, his father having refused to
acknowledge the $4,000 claim Of the
bank, aud posting a notice that his
debts would no longer be rec
opnized by him. While young
Haas was vaguely wandering along the
city, at loss as to how he should
obtain the bare necessities of life, he
fell in with an expert photographer
whom he had known at Berlin. The
latter was also OF wealthy parents, but
then in poor circumstances. The
combined ingenuity or the two, how.
ever, soon extricated them from their
embarrassment. Hans succeeded in
borrowing a small sum on some valua-
bles. What was designated as the
Michigan Electric Company was or
ganized by them and judiciously ad-
vertised. Visiting a noted faro resort
where he was looked upon as being
possessed of unlimited wealth, him,
self and friend made heavy losing on
credit, ana to satisfy the debt hypOth.
eeated large amount OF fraudulent
stocks, which had been prepared for
the occasion, realizing a balance in
cash by the operation of $1,000. st
Louis was next taken in. The two
foreigners took
THE BEST APARTMENTS
to be had in the Southern Hotel. At
the close of the week, when it became
necessary fo7 them to pay their board
bill, their funds being exhausted, they
resolved to keep out of the way until
they had obtained some more money.
They locked their effects in their
pockets For this offense they we're
arrested and languished in jail for
twenty iaa;s, 10000 francs, which
Haas had requested an uncle named
| Dreyfoos, who is in the banking bust
ness at Paris, to send him, being re.
ceived at the end of the time. Haas
then put up a job with bank cashier
who had been in his fathers employ
years before, and, under the preten se
that he was in serious difficulty. $25
| 600 additional were secured. Texas
was the next place that attracted the
adv0nturers, and there, after longs
continued adversely, they separated,
Haas making his way to Leadville.
After having become we'll domioiled
here he confessed to Mr.. Andrea that
he expected to find him wealthy and
intended to make heavy loan. Mr..
| Andrea wrote to Haas father at
Careselpt, stating the sons oircum.
stances, and in response was instructed
to take good care Of him but not to
give him any money. About three
weeks since the Chicago Tribune ex
ploded the bank, loan and electric
company transaction, and a few DAYS
ago the Illinois Stats Zeitauq eoS,
tanning notice Of the fathers death
and an estimate OF the immense for,
tune which he left to his children wa,
received by young Haas. Yesterday
Mr.. Andrea gave him sufficient money
for his expenses to Denver until suof
time Os he could establish his credit