Word: ender
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Dates: during 1930-1939
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Austrian politicians stick together in a crisis, but when crisis is past Austria's Cabinet is apt to fall. Last week Chancellor Otto Ender & Cabinet were forced to resign after averting an Austrian panic with an agreement whereby the State guarantees the liabilities of Austria's key bank, her great and almost bankrupt Kreditanstalt (TIME, June 8). Although Dr. Ender had deserved well of Austria, his friends & enemies preferred not to associate themselves with the guarantee his Cabinet had given, hence they permitted it to fall...
...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...
Every innholder shall have upon his premises suitable rooms with beds and bedding for the lodging of his guests and, if the licensing authorities so require, be provided with stable-room, hay and prov- ender for their horses and cattle...