New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-08
BERLIN's ROTTEN FINANCE.
ANOTHER OLD BANKING HOUSE FAILS.
EXCITEMENT IN THE GERMAN cAfITAI'-Thb
ENpERoRs PLANS FOR REFORM.

EXCITEMENT IN THE GERMAN cArITAL-Thh
EMpERoR's PLANS FOR REFORM.
cxpvysoh, lsel sy the Ysw. York associated Press.
Berlin Nov IA sensation caused In nnahci"
and social circles here today by the collapse Oh .,o
banking Institution of Fredlaender d sommcrieiu
There the usual scenes OF eSctemen' '"o's
depositors and the effect upon the creditors may W
imagined when it announced uiat the 'cau''s
partner In the concern together with ms son. ,su
committed suicide The failure is associated with .ne
recent suspension Of the bankers Hrschheid "0N.'
The fact that Friedlaender Sommericid were hna'.'
ally embarrassed known on the bourse mere cary
I'm the day and large forced sales were mace Inc
sommerfelds father and son met IN their once ~ ~o
hank early this morning. decided to commit su'coe
NJ Felix commercial the Rad become Involved In
suecu,ations which were than likely TO lead 10
his arrest on a criminal charge. The hrn mas p.o"
In existence for long time, and held gooo pos'"o
IN the financial world. It's customers VINO belohseu
chiefly TO the middle class were scattered throughout
tbe Empire The police have taken charge OF inc
arms Office The bestinformed members OF the
Bourse say that they do not expect that the Hiu'e
will preciptate financial panic.
This evening a large crowd assembled In front Vi
n. hank and threatened TO carry the building by s'orn
and recover their securities The ponce hao ere"'
aBculty in resrairhng the mob from carrying their
thrcats into execution. The many artisans are In
fated NJ the loss of their deposits. Fredaenger the
senior and surviving pagner, Is staying at Mentone
telegram has sent summonng him to return 10
Berlin.
THE RECKLESS LIVING OF WOLFF, THE BANKER,
The inquiry into the affairs OF Hirscheld o. WON
realizes the worst anticipations The hrm had peeh
in business for sixty-four years. Herr Wof was
prominent society man, living in ostentatious wealth.
his household expenses running 10 100000 marks
year He did little in the speculative line uhu
recent years, when his private extravaganecs ana
losses at the gaming table led TO his embarrassment
He tried 10 recoup his losses through dealings on ue
Paris and Berlin bourses. AS matter Of fact the
firm had been insOlvent since 1873. For numoer
OF wears Wolf has been living by selling and pawn
ing the securities of depostOs. working in connection
with the banker Joseph Lepzger IL rs asserted 1n'
Wolff with all the facts being known 10 LeipAser
hoated spurious drafts through Leipziger ana pa"ou
securities depostors amounting In value 10 Sooooo'
MARKS Leipziger finally went to the wall. ana MS
failure fastened the downfall Of HirSehfeld Woin
Wolff is confined In the Moabt prison He saws ne Is
unable TO make any estimate Of his haoilltee. h0
has a number of heavy gambling deots' oh 'ho sun
Say before his be had party In his box az .o
opera house. After the performance the party Ni'"1
Dressel's restaurant, where costly supper was
the hill for which is still unpaid. Woih was preSa0n
- tba Resonrce Club an organization composed vi
,reaathy -paryenus and inancers who are aaole"o
To reckless playing. 1t is said that upon tns e'o VI
the failure OF the firm Wolf refused 10 PICK up
couple of thousand marks in bills when ne hau aoei
dentaly dropped at the gambling table lie io''" i'
money on the floor for the walters. - xrn
m,1E rwpTPoR sCoURGING SOCIETY HIGH AND
The Emperor desires TO cleanse high as well as low
soeety and his good intentions have received impetus
rom these disclosures The Wolff chque nauh'ou ueni
reps In sumptnous niment In the pest poAes vi '.o
opera House. and with their frail companions uro'e III
harouches through the Thiergarten. Inc oinociS 20
hanging To the Berlin and other garr1sons VINO are
Hfa he
..,vsa a caution through the colonies OF their req
ments that the Emperor will wipe them "u' vi 'no
army and will use his influence TO osu1'e|e .'o
society unless they mend their ways forthwith. Inc
polica continue their efforts 10 place checK upon no
social evil for which Berln is notorious. pc,ns
,,n,,ed, fisre,o by the Emperor, who IS fully ae'er
,nised IN bring AT end this crying evil IheS nave
escorted 10 the frontiers or placed ID pfsoh' 4'o no
who were susbsistlng upon the earnings OF Ne'oh'
woman The movement begun by the Emperor oA-
tends to every populous centre OF the Empire. nv
r,rf,nr of the social Purity society," which was at
.onaad Inv . 900 persons q proposition 10 Danish uie
aIi,d,rce- from the country not approved.
snggestion was however, adopted that they he SEN
fenced to prison at hard labor
PLANS FOR CONTROLLING SOCIAL VICE.
The municipal authorities of berlin are In favor OF
combining the prostitutes TO special streets where tey
will ha directly under the control OF the ponce 4heo
,-aats will he open only to adults. The Carisruhe
athorties after trying this pan for locahzins
tle evil sent memorial to the Government dehaai's
ina. women Of this class be prevented from WAKING
sout the streets. and that they be confined 10 houScS
regulated by the Government
.cu1clco R,NKER IN STUTTGART GOES TO LAW
Abort Otto halling from Chicago, but now banker
L stuttgart has brought action against Herr Leo
eattar Of commercial paper in this city, for publish
ing q defamatory article regarding him. Inc paper
charged that OTTO who formerly the general aeoi'
&, s.n,tgsrt Of the EouGable Life Assurance Company
some time ago ran away, defrauding Sne OF the resi-
dsnts of stuttgart of many thousands Of dollars QUO
vjndcated himself of this charge whereupon Herr Leo
offered to apologize, but etto reused 10 ~e.p' "s
analogy. and will proceed against the editor ior
damages.
49, --. BOOM FOR INDIAN MEAL
Since the dinner given BY William Walter fheips.
the United States Minister, at which lndian corhne
and American pork introduced to select circlo'
indian cornmeal has been booming Ihe neinn
bakeries are unable to supply the demand lot "'o
yarioue prcparatogs of Indian cornmeaL