Word: austria
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Dates: during 1930-1939
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Other books which will be issued shortly are "William Prynne" by F. W. Kirby, $2.50: "Direct Taxation in Austria", by J. V. Van Stckle. "The Lowell Institute School", by C. F. Park...
...state deepest bogged last week in a fiscal morass was Austria (see p. 23). Other governments painfully pinched for money by Depression were those of Newfoundland and Brazil (see below). But many a nation is not pinched. Last week Canada easily converted more than $600,- 000,000 worth of a series of Dominion bonds (totalling $1,084,800,000) into other series at impressive savings in the rates of interest. Fortnight ago Italy offered an internal loan of 4,000,000,000 lire ($210,000,000). Italian investors offered a total of 7,004,439,500 lire, a 75% oversubscription...
...after desperate day last week Dr. Otto Ender, Chancellor of Austria, staved off the fall of his cabinet and strove to avert the grimmest fiscal crisis which his country has faced since her finances were officially stabilized by the League of Nations. There was even talk that Austria might have to place herself under League fiscal tutelage again. Cause of the crisis was the near failure of Osterreichische Kreditanstalt, the great Vienna bank founded 86 years ago by the House of Rothschild. On its board of directors today sit representatives of the Bank of England, Manhattan's Guaranty Trust...
Because the solidarity of Kreditanstalt is thought to be inseparable from that of Austria herself. Chancellor Ender and Finance Minister Juch have been raising read)'' cash of late by methods peculiar to governments. The last balance sheet of the Austrian National Bank showed an increase in Austrian note circulation of 16% in one week and the discounted bills had increased by some $30,000,000. These emergency measures were taken, admittedly, as a stop-gap means of saving Kreditanstalt until permanent measures could be taken. Day after desperate day frightened depositors swarmed around the threatened institution, talked earnestly with each...
...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...