Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1911-02-16

baron Oskac committed suicide bv
shooths' though the family asserted that
leath was due to apoplexy
III the year preceding the young man
maze tour OF America, met Miss Mem,
ana they became engaged His father OBJ
iected TO the match. and Oakar return
cd to his home. dying two days after
ne reached Vienna He was q wears of
age.
The Rothschilds established a housa
In vienna late in the 18th century. f., ad-
diton to those in London and Frprkrort
ard soon ccllpsed ;1l competitors. \ new
J. use n the finances and the money mar
hel or Austria was opened through the
influence and action Of Baron Solomon
Won Hothschild
Inc finances Of Austria had been
/ prosperous under the reign OF Maria
hc''S' and OF Joseph II, many loans
| haN'hs been made through foreign
houses These withdrew their support.
however When the political sky be-
came overcast. and their places We're
taken by four Vienna firms. who loaned
plenufulIy to Austria during the war
Of the French revolution and the strug-
gle with Narolcou
USED LOTTERY srccEssFI.IIY.
! Finally, after amasSing many millions
| by the discounurg Of national paper at
40 per cent. one Of this syndicate of
firms tSteiner K Coz Withdrew from the
syndicate Solomon Rothschild at once
ii'led the place. and introduced new
schemes to float the government loans.
one of which was based on the lottery
| plan.
I lie became Immediately popular with the
/ public. The loans were constantly r--
/ iieved on maturity, the contractors -roN
| rch. and their profit. were further
| multiplied by their striving TO depreclatc
government funds This continued ur,ii
the overthrow Of Napoleou when this
policy was reversed, the price Of govern
ment funds was forced up. tho market
bought greedily. and the loans which had
! been made at 30 per cent. were redeemed
at from Jos to 1O9.
! Fries Co, one OF the firms in the
| original syndicate, was forced to flee to
! Paris. and ,.ere remained only three
! houses in the combination. those OF
| Geymuler. Arnstein & Eskeles. and
| Rothschld. Various changes were made
In the syndicate after this, but the house
Of Rothschild outstrippcd all his as
| sociates and competitors
! In 1886 the firm took over from the
| government the contract for building tho
railway from Vienna to Bochni4. and be
fore a shovel had been turned the whole
l2pn,Wo shares had been sold for 10 per
cent. premium.
In lS41 the shares had fallen to 90 per
cent, and the government was Obliged
! - assist the scheme by an advance Of
/ money and finally took back the contract
/ for the compilation OF the road
| COMPLETELY CONTROLLED LOUESEl
But the Rothschilds had made a fortune
in the transaction, and in Vienna, a. else
where, the money market was completely
under their control. while prices rose and
| fell according to the pressure or support
OF Solomon. who was besieged by brok-
/ ers and bankers for orders and for points,
while the daily transactions outside were
far larger than on the bourse itself
Solomon kept in his employ for years
one stockbroker. to whom alone he paid a
! salary of l2,0"0 guidens 5000. besides
| allowing him generous commissions in
certain lines. This broker visited Roths-
child every morning In his private once
and during the conference .h. program
'or ''e uoE was '"s''''ey hNeo before
"e opening u ,"' '' t9'
Nearly all of the Austrian govern
ments transactions passed through
Rothschild's hands, and il was only
natural that he should win the con
hdence Of the court in matters more
personal The consequence was that
he, and generally he alone, Was CON
sNi''' va e'eiN ue'al OF me private