Word: kreditanstalt
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Dates: during 1930-1939
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...This oil may mean the salvation of our poor Austria!" cried Professor Julius Suida of Vienna Technical College. "I estimate that this new oil supply will be worth more to the State than the $150,000,000 which was lost in the crash of the Kreditanstalt" (TIME, June...
Strictly speaking, His Serene Highness' action was to accept the estate in payment of a $1,000,000 loan he extended some years ago to his Cousin Baron Rudolf von Guttmann, then "Austria's Coal King," later ruined by the crash of Kreditanstalt (TIME, June 8, 1931). Ivar Kreuger and other scamps have incorporated many a wildcat company under the lenient laws of Liechtenstein, kept lenient by shrewd, rich Prince Franz...
...These men - these directors - dealt Austria a greater blow than they can ever answer for! For months the condition of their bank has influenced every decision of the Government, by reason of the necessity of advancing and guaranteeing huge sums to save the Kreditanstalt from bankruptcy...
Reported the Vienna paper Stunde "on high authority": Chancellor Buresch expects to force President Louis Rothschild of Kreditanstalt* to make "enormous personal restitution...
...however that may be, when the Baron tendered his resignation as president, it was refused. Of the three Kreditanstalt directors still holding their jobs two are recent Government appointees and only one is precrash, honest Dr. Alexander Spitzmüller-Harmersbach...