New-York tribune., 1922-09-14
to Invest
Marks Here i'm
German Assets
Franklin ID. Roosevelt Heads
Company to Enable u. S.
Holders to Get Tangible
Property for Currency
Firm Chartered i'm Canada
New Concern Will Offer
Its Common Stock at
10000 Marks Per Share

With Franklin D. Roosevelt. former
Secretary of the Navy, as it's president,
the United European Investors, Limited,
has been launched under charter
from the Canadian government for the
purpose of enabling American holders
of German marks to reinyest their
holdings in tangible properties in Ger
many. Mr.. Roosevelt is now vice-presi
dent Of the Fidelity and Deposit Com
pany of Maryland.
1t Is the belief Of the organizers. az
outlined yesterday by A. r. Roberts,
secretary-treasurer of the new enter
prise, that German marks bought here
in the unrealized hope of an apprecia-
tlon, will buy more in Germany than
they ever will be worth in the United
States. 1t is estimated that thousands
OF millions of marks are held in this
country and Canada by persons of
small means.
The auth orized capital of the United
European Investors, Limited, consists
of 100000 cumulative per cent
preference shares, par value 81, and
common shares of 600,000,0O0 marks,
| made up of 10000 mark units. The
preferred stock has been subscribed by
the officers and directors to cover the
expenses of organization.
The common shares are offered to
the public in exchange for their marks
at the rate of 10000 marks share
The marks thus obtained, according to
the official prospectus, will be invested
IN Germany, at the discretion of the
directors, in real estate, mortgages
securities and participation in indus
trial and commercial enterprises.
William Schall, of William Schall &.
Co, 45 William Street, who is vice
president and chairman of the execu-
tive committee of the new company, said
that its purposes have met with gen
eral approval in Germany
AS the result of a recent trip
through Germany he returned of the
opinion that "sound and attractive in
vestments can be secured for marks
at prices which should enable profit
principal" He arranged that the
Deutsche Bank and the Norddeutsche
Bank at Hamburg should be the COM
pany's repositories.
The German advisory board includes
Senator August Lattmann, former
partner in G. Amsinck & Co., New
York; Senator John Won Berenberg, of
Gossler & Co., Hamburg, and Alfred
Arnthal, Of Hamburg. American di-
rectors, in addition to Mr.. Roosevelt
Mr.. Schall and Mr.. Roberts, are Almet
F. jerks, formerly presiding justice
Appellate Division, Supreme Court OF
New York, and Andrew Hayden, barris-
ter, of Ottawa, who was national or
ganizer of the Canadian Liberal party
American Losses Heavy
PARIS, Sept. 13 (By The Associated
Press) Americans are estimated to
have lost at least $4,000, 700, 600 by the
purchase of German marks before
German financial imitation commenced
inquiry to-day among American bank
ers in Paris disclosed Germany has
profted by from $4,O0O,oO0,000 to
Sb,000,000,000 on sales Of her depreci-
ated currency to foreign buyers, it also
was learned.
The American purchases were made
when the mark sold at cents, and
even later until it reached ] mill
London bankers, according to advices
received here, admit that their Gus
toners have lost s250,000,00O sterling
Spanish spectators are reported tc
have lost the equivalent Of $1,000, ,000,-
600 in German marks. French capital.
lists also went strongly in specializing
in marks eighteen months ago. One
French industrial magnate is reported
to have lost 100000 francs in mark
manipulations.