Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-04-14
MONEY MADNESS
RUINS PRINCESS
Arcnduchess ClothiIda Loses ST..
100000 in Wildcat
Schemes.
WAS DECEIVED BY OFFICIAL.
Knew Nothing OF Business She Trusted
Blindly to Man Whose Mistakes
Cost Great Fortune.

sbecal Correspondence.
UDA-PEsTH April 4--Much ex-
k element, coupled with much re-
gret, has been aroused here by the
news that Hungary's most popular
and beloved princess, the Archduchess
Clothilda, IL In financial difficulties.
Twenty milton kronen, or 100000 Is
said to be the total of her debts and
liabilities.
The story Is a painful one OF an in,-
perIal princess utterly ignorant OF An
ance and commerce being led into all
kinds Of rash speculations by those who
ought to have been the very ones to
safeguard her against such undertake
ings. The emperor who was recently
informed of the whole affair, is exceed
ingly displeased His majesty has in
his long life witnessed many scandals
among the members Of his imperial
house, but the spectacle OF an arch
duchess becoming involved In building
speculations, theatrical ventures, lime
md chemical trusts and combines and
all sorts OF other wildcat schemes Is
one which he has hitherto been spared.
Archduchess Clothilda is 60 years OF
age, and widow, her husband, the
Archduke Joseph, Palatine of Hungary,
having died nearly year ago. She
YVES born a Princess Of Saxe-Coburg
and Gotha. and her brothers are Prince
Ferdinand Of Bulgaria, and Prince
Philip OF Saxe-Coburg, whose matri-
monial and divorce affairs with the
eccentric Princess Louise of Belgium
have recently been so much before the
public. The archduchesss eldest son.
Archduke Joseph, succeeded his father
Rs Paiatine OF Hungary, and two 81
her daughters are married respective
~ to the well known Duke of Orleans
and Prince Thurn and Taxis.
GOES BACK TEN YEARS.
Tho story of the archduchess's money
troubles goes back less than 10 years.
Fifty years of her life passed quietly
and uneventfully, undisturbed by mon
ctary cares. She had dowry OF two
million kronen 100000. which was
carefully invested, and during her long
married life, the principal had oonsld-
erably increased, In fact, it Is said TO
have trebled itself.
In 1896, through the influence of
rourt Seoy. Unterauer the archduchess
was persuaded to embark in extensive
building speculations In the central
part OF Buda Pesth. Two magnificent
palaces known as the Clothildenpalais,
Rnd an immense apartment house were
nrected at cost OF considerably over
i've million kroner 81 ,000,00O).
The archduchess had unbounded con-
fdence IN Unterauer, who seems to
have had entire charge Of her money,
and made numerous speculative invest
ments with It without her knowledge.
This first building speculation proved q
disastrous failure. The rentable value
pr the properties turned out to be much
less than had been anticipated in view
ri the heavy expenditure upon them.
STILL. MORE DISASTROUS.
But the next speculatlons were even
more disastrous. The court secretary
pad been brought into connection with
, very prominent business man who
Nas interested IN the manufacture Of
me, bone manures and other chem
cai products. Unterauer bought large
blocks of shares on behalf of his Inn
porial mistress, who gradually became
deeply involved in the chemical indus
NY Unterauer and his associates
men started out to form combine
et all the lime and chemical manu-
lacturers In Austria Hungary and Ger
many. The plan for general union
pt these miscarried, but subsidiary
companies or combines were formed to
operate chemical works in Berlin and