Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1891-08-02
.DEUTSCHE BANK FRAUD
A Slick Clerk Who Discounts the
American Expert.
HE PALSFIED BANK ENTRIES
And Nearly Prscipihtsd a Panic in Continental
IurpNThs Hyruth r.tvi-Prt Schll-
ls Hs Another Gore hr OOasanptaa.
hut Koch Is Still wxkirgoa
Els Lymph Remedy.
lcoprlshoy " y A.sOesa,et Prs..l

lCopsrch BY " Y. associated Prsssl
BERLIN, August 1.-The shares Of
the Deutsche bank, which on Sunday
were quoted at $50. closed today at
40. The frauds on the bank perpe-
trated by its clerk Franck and the
broker Schwieger have excited tho
whole German financial world to de-
gree unknown since the embeszlements
OF the two directors OF the LespsIc Dis
conto Goesselschait. The full extent
OF the frauds on the Deutsche bank has
not been disclosed. Tho admis-
sion made by Schwieger, who Is
under arrest, cover only the operations
carried on by himself and Franck
in paper roubes during the month Of
July. Both OF the men were we'll quail
flied TO effect the swIndle. Schwieger,
who is ex-manager OF the Berliner
handelgeschaft, had 4 good connection
rs stock broker. Franck had been
for fifteen years In the service Of tho
Deutsche bank. He was entrusted with
the duty OF revising and stamping
brokers memoranda sent into the bank.
The manager OF the Dentsche bank was
away on prolonged leave OF absence
when Schweiger and Franck arranged
the plan TO buy roubles for rise for
the July settlement. and by means OF
forged memoranda represented the pur-
chases as made on account OF the bank.
Franck falsiiied the bank entries 10
enable him TO carry over his engage
ment. Among these the July purchases
are discovered, but the contracts falling
due later, some OF which are now
known as having been carried over
month after month. will swell the total
amount involved In the frauds 10 an
enormous sum.
Franck dealt largely in lottery specnla-
tions and carried on general specula-
tive game under the very noses OF the
bank directors for years with an adrolt-
ness suggesting that Schwelger Is right
in his statement that Franck originated
the frauds and used him as a tool. The
bank has offered reward for Franck's
captu.. He has been tracked 10 Bre-
men, but there he was lost sight OF.
The Immediate effect OF the swindlcs
threated for a sfIfom lie -prnsinrr z
grave financial crisis. ,Tho pos of
several banks Involved 81. the 10th
American collapse was Weakened
through the existing Bourse ombarrass-
ments and Is so delicate that any sud
den strain may lead 20 break down.
Luckily the public accepted the state
ments OF a reassuring character, issued
| by the various banks. IL was also seen
| that Isolated frauds, however gigantic,
did not warrant panic. The commit
tee OF the Reichsbank was appealed 10
and urged 20 ease the position by a re-
ductlon OF the Official rate OF discount
The recent influx OF gold 70 the Relchs-
bank from America, France and Eng
land was so large that the hope ola ro-
duction In the discount rate was justl-
fed. The directors OF the ReIchsbank
considered the request, but after de-
liberation decided against making any
alteration In the rate, because, says a
semi-officlal communication tonight,
though tho bank holds large stock OF
bullion. international gold dIsplace-
ments would Inconvenience the large
central banks and the general position
requires cautious policy.
The imperial yacht, Hohenzollcrn,
with HIS Majesty, the Emperor William,
on board touched at Dro1thelm today
homeward bound. All.the party arc IN
the best of health and are timed 30 ar
rive at Kell Wednesday. The EN-
peror's projected measure for the re-
preston OF public drunkness has be-
come, under the manipulation OF me
ministers, merely proposal that tbe
Landtag should Increase the penalties
imposed an drunkards. Ministers
Herrfurth and MIGUEL and others con.
cur in the belief that the public would
not tolerate legislative interference With
drinking. The Emperor thinks diher.
entity. A draft OF the proposed bill was
sent 10 him and was returned with sug-
9estious concerning State supervision
OF healthy qualities OF beverages. The
Emperor a a friend OF good beer, bog
blames bad drinking for many OF The
violations OF law throughout the En-
pire, but more particularly IN tho great
cities, especially Berlin. he means 70
attach strict penalties 70 dealers OF
strong LIQUORS, malt and spirituous, that
Il will not be worth while 70 run Tho
risk OF incurring them.
A fresh decision OF the Russian gov
ernment concerning ts policy toward
the Jews dcbars the children OF Hebrews
not having the right OF suffrage IN Rus
STA. or the residents OF any Russian dis
trlct with . permit from admission 70
the middle and higher schools.
The greater number OF Americans
who attended the Bayreuth festival has
been the subject OF much remark on the
mart Of the German press. IL seems 70
he generally admitted that the financial
success OF the undertaking was pr1cti-
calIy due TO the great American patron
age.
prof. Or. Schiller OF the Berlin Uni-
yerslty has new cure for Tuberculosis.
He says be has experimented with 10 for
the last twelve years and that be is per-
fectly sure Of his results. Prof. schulz
er Is surgeon, and consequently his
experinents have mostly been made Ia
cases OF 90 called surgical fuberculoHs.
such as affections Of the jofrts, bonee.
glands. lupus, etc. he says. however.
that he has treated successfully sonls
cases OF tuberculosis Of the lungs His
remedy IL '.gunicol,' an extract from
lockwood and fiso the active principal
OF creosote. He cites 100 cases treatsd
by him. a which 20 were absolutely
cured, - Improved. four died and ten
passed 8eYond his observation. Prof
a,s.- o~4,,l16r a con fdenf 0f the accur-