Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-08-03

uooy VIII hasten to vote its foundation and
constitution the moment the signal is given.
Ihis, 1t Is said is the secret of the brusoue
ana unexpected retreat of the German
troops from Chira. Certainly the young
emperor is good business man.
A Great Financier Lost.
Those who know William best declare
that none of this money will be applied to
the payment Of the 9,oO0. GOO francs he owes
the great turk. This emperor would surely
nave made great financer had he not
been called to public office.
Not only did his Palestine trip cost him
nothing; not only did he pull off a great
diplomatic coup; not only did he take
orders Tor krupp & Co of Essen, orders for
immense artillery supplies which had al
ready been virtually placed in England, but
ne SO explained himself to the sultan that
the latter loaned him these 100000 francs
from his private treasury
Recently ii was noted that Germany was
the only one OF the great powers refusing
TO sign the collective note concerning the
suppression of the foreign postal bureaux
In turkey. This act of kindness was looked
on by the money lender of the Yildez- Kiosk
as solid proof of Williams gratitude. To
return the compliment and show that he
was In no hurry for his money, the sultan
.hen accorded to Baron Marschall de Bic
oersteln, the German ambassador among
other favors, authorization to visit the
crown treasury, which no European has
set eyes on since 1869, when the Empress
Eugene was taken through it. Moreover,
the two elder sons of William II have been
named mulasim' of the Turkish army, of
which important fact the Berlin court is
shortly to be informed by means of an ex-
traordinary mission.
With details like these in view 1t is not
difficult to understand how the Emperor of
Germany, although still a young man, has
been able to salt down 5000 coo in Ameri-
can securities. The fact that he did not
put them into the boasted Industries of his
own country is somberly significant 1t
q tint had
what is now being whispered over all
Europe-the terrible industrial and f1nan-
cial smash that is threatening the father
land.
Wealth of the Vatican.
The pope is, after all, the one European
sovereign who is neither obliged to I.or
takes any pleasure in making financial COM
binations Indeed, his present holiness can
scarcely be said to make investments. He
has great deposits in many different banks
of different countries. Fabulous sums In
gold coin are known to be kept at the
Vatican. And as more is always coming
in, he can easily afford himself the austere
morality of refusing to take usury.
AS to the entire fortune of the Vatican
whether 1t includes the private fortune of
the pope or not is not stated-the Italian
fiscal administration has just been attempt
ing to estimate it. According to these esti-
mates-which must from their nature, be
very general indeed-the fortune of the
Vatican including all real estate, de-
posts, annuities, rents. and SO on, amounts
$500 600 600
When sovereign dies. it is seldom that
the heir hesitates to step into his shoes
particularly for financial reasons This is,
however, exactly what happened recently
in Servia. The ex-King Milan died intes-
tate. According to the theories Of the old
Roman law, which Servia has inherited, the
heir in such a case-or even when appoint
cd nv MIL -3nh mt n,,1>- to1
assets, but his liabilities even when the
latter exceed the former. AS Milan was
supposed to be very much in debt, his son,
King Alexander. actually refused to take
the succession without first being enIight
ened by an inventory. Then the surprise
came. Not only did Milan die free from
debts but they found in his fireproof safe
5000 francs in bank notes and 600 forms
in gold. Besides this he was insured in a
French company to the amount Of 10000.
Three years ago the defunct sovereign had
100000 francs of debts. They were, how
ever, covered by loan guaranteed by the
Servian government and foated by the
Wolga Kama Commera Bank Of st. Peters
burg. This fact was, of course, well
known. What surprised his and the
Servian court was the fact that Milan.
after this last clearing up of his debts, had
not proceeded to make others. He did not,
however; and after a life of financial
scrapes, died solvent.
Thus Milan was the third European SOW
ereign, in the new order of things, to die
leaving important life insurance assets be-
hind him, neither the late car nor the
old kaiser was insured. The sums for
which the late King Humbert had insured
himself caused general establishment. He
was found to be insured in Italian, English
and American companies for no less than
100000 lire, or s1,60O,oOO. All the claims
have been paid, Queen Marguerite getting
for her part some 100000 lire, and the
balance going to Victor Emmanuel III.
The Other Side.
How far are these from certain other
European royalists! The Grand Duke
of Oldenburg has almost been refused his
civil list this year. 1t Is respectable sum
$4,000. The grand ducaI chamber of
deputies which is composed Of twenty-six
representatives, has, however, had a num-
Der Of socialists working in and around 1t
of late years. Two years ago the PROPOSE,
ton not to vote the civil list frightened
the majority that they closed the session.
This year they had become SO accustomed
to the idea that the money was voted by
majority of only one voice-1S against Ii!
And then there is the smash at Sofia.
Stamboulotf, of tragic memory, had found
ed-with English capital-a company with q
concession to construct streets, modern
houses sumptuous hotels, baths, theaters
and clubs in the city of Sofia Being pru-
dent Stambouloff himself had retired from
the affair after having made some 10, OOO,OOO
francs. He saw that the company had Quilt
hind him, as a kind of guarantee, Prirce
Ferdinand, who now finds himself wonder
fully involved in it's liabilities. The new
houses hotels, theaters and baths bring in
nothing No dividends have ever been de-
clared. Not only the stock of the company
but it's bonds are unstable. Nobody will
buy the houses. Prince Ferdinand loses
% OOO, coo francs, to make up which he is
about to break up his celebrated collection
Of diamonds and emeralds, and mortgage
for a long term Of years that part of his
domains which he holds as head Of the
Coborg- Kohary house In Hungary.
May He Sued for n Crown.
The worst of all is the story Of the crown
Of Bulgaria. Two years and more ago this
unfortunate Ferdinand had the idea OF get
ting himself crowned king. His mother.
the Princess CIementine ordered from a
Munich jeweler superb crown, for whose
embellishments she gave up some of the
finest stones of the treasury of Saxe-Co-
burg-Gotha. A Munich painter of taste and
heraldic learning was charged 20 design the
crown. The crown was designed and made.
The Munich painter sent in his DILL. The
Munich jeweler notified the king that the
regal headpiece was ready for delivery
Meanwhile the Princess Clementine on