The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-14
FAMILY IS DEAF TO
De NEUFVILLE'S PLEA |.
Even TO Protect Their Name
Relatives Won't Help :
Baron Henri.
BLAME HIS SPECULATIONS
Alleged Shady Transactions
Held Responsible for Paris
Banks Failure.
,spec,ai Correspondence 10 rur srx.

PARIS. June 3.--The failure OF the bank
of the De Neufville ct Compagnie and the
arrest of the Barons Henri and Robert
de Neufville which has been briefly ca
bled to THE Sun. marks the disappearance
OF one OF the most respected financial
institutions in Paris. The liabilities of
the bank amount to I5.O0O.O 900 francs
tS,o00.o0O), at least, and may 20 an
high as 100000 francs ga 900. ooo),
while the assets are barely million
francs. Those hardest hit by the crash
are members OF high Partisan society.
leaders In the Faubourg Saint German,
while the members of the de Neufvllle
family also lost considerable sums
Inc Barons de Neufyille, uncle and
nephew must be Immediately distln-
guished from the Baron sebastian de
Neufvillc, who is the head OF the family
and enjoys a respected position as regent
on the Banque de France, admin lstrator
Oh the Credit Foncier and president of the
Credit Foncier Argentn The head OF
The family some years ago severed re-
lationship with Baron Henri de NeufyiIIe
because OF the latter's reputation for
SHADY operations on the Bourse. Baron
Robert de Melville was merely puppet
IN the hands OF his uncle. lie had a
right TO only 10 per cent OF the proats
OF the house while his uncle Henri took
80 per cent The other . per cent. WINS
the share OF the stockholders.
started In Frankfort.
The history OF the de Neufvilla rariiv
Is rather interesting. In 1856 the Raron
oe NeuiNiile. fervent Protestant emf
grated TO Germany because OF prosecution
ior ms belief He settled in Frankfort
whlch already was important money
centre. There he founded a bank and his
yap H..
VINO had escaped from France. rhs
pahh was highly prosperous and in time
branches were established In Paris LON
don and New York About 1875. the
Baron Sebastien de Neufville, then head
~ 'he iamlIy and consequently head of
| tne pank, transferred from Frankfort IN
Parls. Sebastien had fourteen children
ohIy one, Henri, remained in the fathers
business. Henri de Neufville took over
tne banks affairs about twenty years ago
on the death OF his father
Inc popularity OF the banks situation
hau peen known TO the Bourse for some
weeks. when. early in May, the instltu
ton became bankrupt The deposit.
ranged from $50 to several thousands ana
'hose hardest hit, outside the de Neuf-
viiie FAMILY. were the Maruuse de La
Tour Maubourg, Henry Japy de Beau
rour" W. ne Julilere and the Comtesss
nohneVhie des BouchouN and her brother,
W. Emefy, Government official Many
of these lost more than SD 0Oo in ~.
crash. 81 ''''
An investigation showed that Baron
Henri lie Neufville had been a bull on
south African stocks for some time. but
luck had played against him and he
had not only poured all his money into
the hole. but had appropriated the de-
posters funds for the same purpose ana
had even converted stocks belonging 10
depositors TO his account. The de Neuf-
Nllles agreed to pay 30 per cent. TO de-
posters IL the receiver would let them
continue business. This he refused to do
ana ms last resort the de Neufvilles
asked FOR permission to appeal to their
family.