The San Francisco call., 1906-04-15

Germany. The plan for general union
of these miscarried, but subsidiary COM
panies or combines were formed to oper-
ate chemical works in Berlin and Vienna
and lime and bone manure factories In
Budapest.
TRUST SCHEME FAILS.
Unfortunately, however, Unterauer's 8
associate. the prominent manufacturer
with whom he began the enterprises,
broke down and had to retire. from busi-
ness completely. This left the Arch
duchess as practically the only big stock
holder with all kinds of obligations and
embarrassments For as fast as the
shares In these various undertakings had
been acquired, they were deposited with
bankers as security for loans, and with
the new funds thus obtained more shares
IN other companies were purchased and
more new undertakings were begun.
Matters at length reached such stage
that it was almost impossible to ascer-
tain what the Archduchess' financial
position really was. At first 1t was
thought that 100000 kronen 5000 0Oo)
would cover her losses, but 1t was speed
lily found that this sum was far too
small, and today 1t seems certain that her
liabilities amount to at least twice the
first estimate.
There is very little ready money avail
able. as 1t is all tied up in different un-
dertakings There is much speculation as
to where all the money has gone and
many unsavory rumors are in circulation
in this regard. One Individual in Buda-
pest is credited with having made no less
than 5000 100000 kronen (s600. .OO0) out of
the unfortunate Archduchess
Besides her building and lime trust en-
terprises, the Archduchess was the lessee
of the Volkstheater In Budapest and also
the founder and proprietor Of the Inner
City Credit Bank All Budapest knaw
1t as her bank. only the Archduchess her
self knew nothing about It, One day the
Archduchess' bank lent the Archduchesz,
theater 100000 kronen (s40. .oOo) and the the
ater lost the whole sum in a year. The
Court Secretary was compelled to make
report of this to the Archduchess. who
for the first time gained some inkling of
her financial situation.
But 1t was too late, as her sons-in-Iaw
the Duke Of Orleans and Prince Thurn
and Taxis. who ordered an investigation
of her affairs, speedily found out The
greater part of her fortune was already
entirely lost. Shortly afterward Court
Secretary Unterauer was pensioned.
POPULAR WITH PEOPLE.
When the Emperor first heard OF the
Archduchess' trouble he was a good deaI
concerned as to how far they affected the
financial position of the present Archduke
Joseph. For his father had also been
somewhat unfortunate in his financial af-
fairs. He had lost large sums over the
establishment of a new health resort
Bad Cirkvenica, and had also spent heaps
of money upon improvements in the Mar
gareteninsel-which belongs to him. This
is an island in the Danube, near Ruda-
pest, and a favorite summer resort for
the citizens. But 1t has not turned ont a
profitable investment and the present
Archcuks Joseph has succeeded to Soma
heavy financial burdens in that direction
For the Archduchess Clothilda herself
who Is now at Mentone, the rreataat
sympathy is everywhere expressed. She
enjoys great popularity throughout Hun
gary both on account OF her own charm
ing personality as well as her munif1cent
benefactions She has always dispensed
charities on large scale. and spent great
sums every year In supporting schools. or
phan asylums and other benevolent IN
stitutions.
But with this universal sympathy mucb
regret and even painful surprise is er
pressed that members of the imperial
Hapsburg family should have become in
volved in such kinds of transactions. And
this feeling is intensified because these
particular members of the family chance
to be the only ones particularly and close
ly connected with the kingdom of Hun
gary.
The late Archduke Joseph was always