The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-02
DEUTSCHE BANK'SFRAUD
THE FULL EXTENT OF THE SWIM
DIES NOT DISCLOSED.

Deutsche BANK, which Saturday last were
quoted at $50, closed to-day at 140 The
frauds on the bank perpetrated by its clerk
Franck, and a broker named Schweiger,
have excited the whole German financial
world to q degree unknown since the en-
bezzlements Of two directors of
the Lsipsic Disconto Gessllschaft
The full extent of the frauds on the
Deutschs bank has not besn disclosed. The
admissions made by Schweiger, who is un-
der arrest. cover only the operations car
ried on by himself and Franck in paper
roubles during the month Of July.
WHO THE PERPETRATORS WERE.
Both Of the men were we'll qualified to
effect swindle. Schweiger, who is an ex-
manager of the Berliner Handelgesellschaft,
had a good connection as stock broker.
Frauck mad been for fifteen years in the
service Of the Deutsche Bank. lie was in-
trusted with the duty OF revising and
stamping brokers' memoranda sent into the
bank. The manager of the Deutsche Bank
was away on prolonged leave OF absence
when Schweiger and Franck arranged the
plan to buy roubles for q rise for the
July settlement and by means of forged
memoranda represent purchases as made on
account of the bank. Franck falsified the
bank entries to enable him to carry over bis
engagements Among these the July pur-
chases are discovered. But 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 to an enormous sum.
SPECULATION THE CAUSE.
Franck dealt largely in lottery specula-
tions end carried on general speculative
game under the very noses of the bank di-
cesting that Schweiger is right in his state
ment that Franck originated the frauds and
used him as tool The bank has offered
reward for Franck's capture. He has been
tracked to Bremen, but there ne was lost
sight of.
EFFECT OF THE swINDLE.
The immediate effect of the swindles
threatened for the moment to produce
grave financial crisis. The position of sew
eral banks involved in the South American
collapse, weakened through existing
bourse embarrassments, is so delicate that
any sudden strain may lead to a break
down. Luckily the press and public
accepted the statements of a
reassuring character issued by the
various banks. II was also
seen that isolated frauds, no wever gigantic,
did,not warrant panic The committee OF
the Reiohs Bank was appealed to, and
uIRou 10 ease Tue pOstJlOu Dy u TeuuCLlOu Ok
officlal rate Of discount. The recent influx
of gold to the Reichs Bank from America,
France and England, was SO large that the
hope of a reduction in the discount rate
was justiei. The directors of the
Reichs bank considered the request, but
after elaboration decided against making
any alteration IN the rate, because, says a
semi-ofncial 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 cautious
policy.
THE KAISER HoMEwARD BOUND.
The imperial yacht Hohenzollern, with
Emperor William on board touched at
Drontheim day homeward bound. All
OF the party are 10 the best OF health, and
are timed to arrive at Kiel Wednesday.
The emperor's projected measure for the
repression OF public drunkenness
has become, unoer the manipu-
lation of the ministers, merely
proposal that the landtag should
increase the penalties imposed upon
drunkards. Ministers Herrfurth and MIGUEL
aud others concur IN the belief that the
public would not tolerate active legislative
interference with drinking. The emperor
thinks differently. A draft of the proposed
bill was sent to him and was returned with
ion of healthy qualities Of beverages.
THE STATISTICS OF CRIMES AND SUICIDES.
Impressed with recent official statistics
concerning the growth of criminal offences
and suicides Issuing from drink, the govern
ment has opened an inquiry in regard
thereto, and is drawing evidence from hos
pital and other medical sources CONCERNING
the increasing use Of potatoes spirits
and other impure alcohols, and how far the
use Of the spirits may be regarded
as leading factor in crime.
The official returns of suicides committed 10
Berlin during the first fortnight Of July
show total Of 147. This enormous self
destruction is attributed chiefly to drink.
A FRIEND OF GOOD BEER
The emperor is friend of good beer, but
blames bad drink for many of the vlo-
lations Of the law throughou5 the empire,
but more particularly ia great cities, espec-
tally Berlin. He means to try to attach
such penalties to the sale of bad liquor,
both malt and spirituous that it will not De
worth while to run the risk Of incurring
them.
THE BAYREUTH FESTIVAL
The great number Of Americans who at
tended the Bayreuth festival has been the
subject of much remark on the part of the
German press. Ii seems to be generally
admitted that the financial success Of the
undertaking was practically due to the
great American patronage
NEW CURE FOR TUBERCULOsIs.
Prof. DR.. Max Schuller of Berlin univer>
sity has now new cure for tuberculosis
He says he has experimental with it for the
last twelve years, and that he Is perfectly
sure Of his results. Prof. Schuller Is surgeon
and. consequently, bis experiments have
been mostly made in cases Of so-called tuber-
culosis, such as affections of the joints,
bones, glands, lupus, etc. He says, how
ever, that he has treated successfully
some cases of tuberculosis of the lungs
His remedy is "guaicol,n an extract from
lockwood, and also an active principal of
creosote. He says he was the first to intro
ducs this extract into the materia
medica. He has made a number Of
experiments upon animals, and in
1880 commenced to treat human patients
with ''guaicol," )" which he at first applied in
the form of an injection. Later on, as
result Of his experience, be began to use the
medicine internally in very small doses,
and in rare cases ty inhalation. He uses
the "guaicol" mostly in connection with
iodoform injections into the affected parts.
MANY CURES REPORTED.
He cites 100 cases treated by him, of
which seventy were absolutely cured, six
teen improved, four died and ten passed out
Of his hands. Among these were five cases