New-York tribune., 1921-09-13
&. S. Syndicate
Will Salvage
Ducal Riches
frederick Never Reigned,'
Basis of Court Plea in
Fighting Confiscation of
100000, 900 Properties
RepIogle Outlines Details
Operations Are Under Cen
eva Co.. III Which Ameri-
cans Interest Is One-tlaird

T. Leonard Replogle, steel manufac-
tnrer. one OF the American business
mea comprising the syndicate that has
,aken over the management and one
third interest in the vast properties of
Archduke Frederick of Austria and his
sen Archd1ke Albrecht, said yesterday
that the value of the estates is at least
100000 900, instead of 100000 900, the
amount mentioned in the first accounts
of the agreement.
TIE holdings are under the control of
the General Real Estate and Trust Com
many. OF Geneva, Switzerland. and the
arrangement concluded in Paris pro-
vides for the taking over by the Ameri-
can syndicate of the management of
the Geneva company and one third in
terest Two-thirds of the Geneva COM
usny's capital stock of 100000 is
owned by Archduke Frederick and his
family. The management of the prop
ersy will be entirely in the hands of the
Americans.
Members nj the American group be-
sides Mr.. Replogle are Charles H. Sabin,
president of the Guaranty Trust Com
nany; Frank A. Munsey, publisher of
1.-THE New York Herald" and DR.. Hugh
Young. of Johns Hopkins University,
Baltimore The properties consist of
are in Italy, 10000 in Rumania. 10000
IN Hungary, 100000 in Austria, 100000
in Czecho-Slovakia and 100000 in Po-
land.
Niviani Counsel for Company
Rene Viviani, former Premier of
France. has been retained as counsel
tor the General Real Estate and Trust
Company.
One Of the problems to be worked
oat by the managers will be that of
recovering those portions of the Haps-
burg family's properties which have
heen taken over or conhscated by the
various states. formerly part of Aus
tria-Hungary. NJ Niviani will bring
this matter before the mixed tribunal
OF the League of Nations on the
ground that confscation was a viola
tien Of the Treaty of st Germain.
Samuel Untermyer's activities in the
negotiations, which have been going
OIL abroad since 1919, Mr. Replogle
pointed out, have been as counsel for
.ne American syndicate.
The great steel plant at Bergunhut-
ten, in Teschen, Czecho-S -Slovakia, en-
ploying more than 10000 men, is one
of the holdings that have passed into
The control Of the American group.
Through an arrangement with Eugene
Schneider, the French steel king. the
management OF these works will be
under the direction cf Mr.. Schneider,
who has acquired small interest in
the plant These works. Mr.. Reploele
said, are now operating at from IS to 90
per cent Of capacity, and are rated
among the low cost producing mills of
the world. They are self-contained, in
that they have their own coal mines,
coke ovens and other sources of raw
material supply
The contract entered into by the
syndicate, said Mr.. Replogle. in fur
thsE discussing the agreement with
ths Hapsburg family, has been financed
and vii not involve the Offering of
any securities in this country. The in
Terest OF each member is purely per.
soEal and does not involve any of the
institutions or companies with which
taev are connected.
The plans Of the syndicate to ente,
INTO an arrangem ent with the archdukt
Frederick and his son were formulated
FTo years ago. They were furthered II
leneva about 4 year and a half ago II
the reorganization of the General Rea
Estate and Trust Company. of which H
s. kndsley, former head of the Renlo
gle Steel Company, has been mad
president and Rene Viviani chief O
counsel
Thomas J. Fielder, one of the mem