The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-22

toward her husband and fell In love with
an officer named Pagenhardt in a regi-
menr stationed at Stuttgart. where they
lived. Lieutenant Pagenhardt was Of Pile
beian birth. penniless and not even good
looking. Nevertheless he was able to fas-
cinate the Princess, who deserted her hus-
!. band to throw In her lot with his. Prince
Adalbert fled an action for divorce. citing
Lieutenant Pagenhardt as correspondent.
and the decree was granted just two years
: after he had led Princess Alexandra to
the altar. One year later Princess Alex
andra married Lieutenant Pagenhardt,
who. through her influence. was enabled
to obtain tho rank and title OF baron. At
! the settlement OF the divorce case Princess
: Alexandra had received back her dowry
OF sS.ooo.Ooo. 80 that she started her second
period OF welded life with sufficient funds
TO live comfortably. though she was not
30 wealthy az she had been In her frst
marriage.
= SPENT 100000 IN FIVE YEARS.
Baron Pagsnhardt and Princess Alexan-
dra began to live in magnificent style
shortly after their marriage. They main
: tanned q palace at Stuttgart (for they con-
tinusd to reside there notwithstanding the
presence In fhe town Of the princess's first
: husbandD. they had country house In
. Bavaria. a shooting lodge in Tyrol. villa
In the Riviera. and town residence in
Berlin. At their various homes they kept
several hundred horses and employed a
. regular army OF several thousand domestics
and servants or all kinds.
One winter they gave a banquet to 100
guests on 150 evenings in succession, and
each one OF the sumptuous feasts, ut which
the rarest dishes and choicest wines were
served cost fortune. Princess Alexandra
: never wore an evening dress costing less
than $500. and frequently appeared in thea
tiers and places Of public amusement with
diamonds valued at s25o,Ooo They kept
yacht almost as large as an Atlantic liner
and never made a railway journey without
their own special train, made up OF the most
luxurious sleeping. dining and saloon cars
Baron Pagenhardt never smoked a cigar
costing less than 81, nor did he ever offer a
guest a less valuable brand than this one
1t would have been clear to any rational
individual that even a princely fortune
would not last long at this rate of expendi-
ture. but Princess Alexandra and her hus-
band were utterly without any real con-
ception OF the value OF money until 1t was
all gone.
Almost Immediately after their expensive
style OF living was commenced 1t became
evident to them they could not keep it up
on the interest yielded by the princess 8
fortune. so without hesitation they began to
draw freely on the capital, OF course with
disastrous results. Princess Alexandra
game into three substantial legacies.
amounting altogether to s2.5OOO00, but these
hailed to save them from ruin
Counting capital and interest, the princess
and her husband spent 100000 within five
J years. and when they had exhausted all
their means. they began to borrow money
from others. The style In which they had
lived enabled them to do this with facility.
for no one. not even the shrewdest of money
lenders. had the least idea that they had
come to the end OF their resources 1t was
thought that some temporary financial diff
fculty had occurred, and funds for them
were forthcoming in plenty at exorbitant
rates OF interest This went on for about
two years, until at last ii came to be whis-
pered about that the Princess and Baron
Pagenhardt had lost their fortune Imme-
diately there was a panic among their
creditors, who began 10 grow importunate
In their demands for payment.
HER SECOND DIVORCE.
At the first signs OF trouble violent quar-
rels commenced between Princess Aiexan-
dra and her husband. each reproaching
the other as the cause Of their common
misfortunes. Seven years after her second
marriage, when she was Just thirty years
old, the princess became for a second time a
divorcee That was eighteen years ago
Since then her life has been one Ions
struggle against impending ruin and utter
disgrace.
Princess Alexandra sold her possessions
In Bavaria in the Tyrol. we'll her
residences in Berlin and on the Riviera
and embarked on various financial specu-
lations with the proceeds. She understood
nothing Of finance. so that her speculations
were unsuccessful and dragged her still
more into debt Finding speculation un-
profitable she went on the turf and sought
70 restore her fortunes by bold gambling
on all the fashionable racecourses OF Eu-
rope. Betting. however, proved TO be as
disastrous as her other financial specula-
tions. and more debts We're added TO the
princess's slready appalling accounts. After
these failures. Princess Alexandra lived