Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-02
How the NapOleOns of Finance Who
Wrecked the Deutsche Bank Got
in Their Fine Work.
A FINANCIAL PANIC is AVERTED.
The German Emperor, Appearing in the
Role of an Apostle of Temperance,
ina Fight Against Bad Beer.
AMERICAN PATRONAGE AT BAYREUTH.
Prof Mac Scheuler Is the Author Of a Brand New
tuberculosis Remedy.

BERLIN, Aug 1.-The shares of the
Deutsche Bank, which on Sunday were
quoted at $50, closed to-day at 40. The
frauds on the bank perpetrated by its clerk
Franck and the broker Schwieger have e1-
cited the whole German financial world to a
degree unknown since the embezzlements OF
the two directors of the Leipsic DiscontO
GeSSellSchaft
The full extent of the frauds on the
Deutsche Bank has not been disclosed. The
admission made by Schwieger, who is under
arrest, covers only the operations carried
on by himself and Franck in paper roubles
during the month of July. Both of the
men were well qualified TO effect the swindle
Sehwieger, who is an ex-manager of the
Berliner Handelgeschaft, had a good con-
nection as a stock broker. Franck had
been for - wears in the service of the
Deutsche Bank He was intrusted with
the duty of revising and stamping brokers
memoranda sent into the bank.
WHEN THE CATS AWAY.
The manager of the Deutsche Bank was on
q prolonged leave of absence when Schwie-
ger and Fanck arranged the plan to buy
roubles for a rise for the July settlement,
and bv means of forged memoranda repre-
sent the purchases as made on account of
the bank Franck falsified the bank entries
to enable him to carry over his engage
ments. Among these the July purchases are
discovered. But the contracts falling due
later. some of which are now known as hay
ING been carried over month after month,
viii swell the total amount involved in the
frauds to an enormous sum.
Franck dealt largely in lottery specula-
tionS and carried on a general speculative
game under the very noses of the bank di-
rectors for years with an adroitness sug-
gesting that Schwieger is right in his state
ment that Franck originated the frauds and
used him as a tool The bank has offered a
reward for Franck's capture. He has been
tracked TO Bremen, but there was lost sight
of
The immediate effect of the swindles
threatened for a moment to produce a grave
financial crisis The position of several
hanks involved in the South American col
lapse. and weakened through the existing
Bourse embarrassments, is so delicate that
any sudden strain may lead to breakdown.
A DISASTROUS PANIC PREVENTED.
Luckily the press and the public ac-
cepted the statements of a reassuring char
acter issued by the various banks. 1t was
also seen that isolated frauds, however
gigantic, did not warrant a panic. The
committee of the Reichsbank was ap-
pealed to and urged to ease the position by
a reduction of the official rate of discount
The recent influx Of gold TO the Reichsbank
from America, France and England was so
large that the hope of a reduction in the
!. i
of the Reichsbank considered the request,
but after deliberation decided against max
ing any alteration in the rate, because, says
a semi-Oficial communication tonight
though the bank holds a large stock of
bullion, international gold displacements
would inconvenience the large central banks,
and the general position requires q cautious
policy.
The Imperial Yacht Hohenzollern, with
His Majesty the Emperor William Oh
board, touched at Drontheim to-day, home
ward bound. All the party is il the best of
health and are timed to arrive at Kiel
"Wednesday.
THE KAISER A TEMPERANCE MAN.
The Emperor's projected measure for the
repression of public drunkenness has be-
come, under the manipulation of the Min
listers, merely proposal that the Landtag
should increase the penalties imposed on
drunkards. Ministers Herrfurth and
Miguel and others concur in the belief that
the public would not tolerate legislative in
terference with drinking. The Emperor
thinks differently. A draft of the pro-
posed bill was sent to him, and was re-
turned with suggestions concerning State
supervision of healthy qualities of bev-
eraCes.
Impressed with the recent official statis-
tics concerning the growth of criminal of
fences and suicides arising from drink, the
Government has opened an inquiry in re-
gard thereto, and is drawing evidence from
hospitals and other medical sources con-
ceming the increasing use of potato spirits
and other impure alcohols, and how tar the
use Of these spirits may be regarded as a
leading factor in crime The official re-
turns Of suicides committed in Berlin dur
ing the first fortnight of July show a total
Of 147. The cause of self-destruction is at
tributed chiefly to drink.
AGAINST BAD BEER ONLY.
The Emperor is friend of good beer, but
blames bad drink for many of the violations
OF law throughout the empire, but more par
ticularly in the great cities, especially Ber-
lin. He means to attach strict penalties to
dealers of strong liquors, malt and
spirituosa, that it will not be worth while
10 run the risk of making bad liquors.
A fresh decision of the Russian Govern |
ment concerning its policy toward the |
Hebrews debars the children of the Israel |
ties not having the right to soourn in Rus |
sia, or the residents of any Russian district |
without permit, from admission to the |
middle and higher schools The Noyoe |
TreDja to-day, in announcing that this |
order will take effect at the beginning of |
the next scholastic year, praises the regu- |
latiOn as assisting to reduce the Hebrews to |
natural social level |
The influx of Hebrew emigrants into Ger |
many is rapidly abating. This is partly |
owing to the stricter official supervision. |
Hundreds of these emigrants who succeeded |
in reaching Thorn have been sent back to |
Russia Oh the ground that they had fraud |
ulent passports, or that they did not possess
the means to proceed to their destinations |
outside OF Germany.
THE AMERICANS AT BAYREUTH.
The great number of Americans who at
tended the Bavreuth festival has been the |
subject of much remark on the part of the |
German press. 1t seems to be generally ad- |
iAitted that the financial success of the un- |
dertaking was practically due to the great |
American patronage.
Prof DR.. Mac Schuller, of the Berlin
I University. has a new cure for tuberculosis.
He saws he has experimental with it for the
last = years, and that he is perfectly sure
of his results. Prot. Schuller is surgeon,
and consequently his experiments have
mostly been made in cases of so-called
surgical tuberculosis, such as affections of
joints, bones, glands, lupus, etc. He SAYS,
however, that he has treated successfully |
some cases of tuberculosis Of the lungs His