Word: auspitz
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...Berlin, to London, to Paris hurried emissaries of Chancellor Ender, pleading for loans and credits. While he waited anxiously in Vienna the Kreditanstalt called every loan they dared. They called, for example, a large loan to one of the historic private banks of Austria, Auspitz, Lieben & Co. Promptly Chairman Stephen Auspitz went out and tried to jump into the Danube, was restrained by friends. His partner, Dr. Ludwig Schiiller, brother of the Austrian economist who negotiates most of Austria's trade treaties, went out and, unrestrained, shot himself beside the Danube. His body toppled in, was swept away...
Since he had not managed to commit suicide, Stephen Auspitz pulled himself together, ordered sold at once for what it will bring his "priceless" collection of Italian paintings, feature of a loan exhibition in London last year. Explaining the bankruptcy of Auspitz, Lieben & Co., officials said that since 1924 they had made three distinct efforts to put the bank on its feet by speculation. They speculated against the French franc, were fooled and lost heavily when Raymond Poincare stabilized and rehabilitated the money of his country. Second they invested in Dutch industrials, lost more. Third they...