KAISER'S COURT LOSES MILLIONS.

Auckland Star, Volume XXXII, Issue 147, 22 June 1901, Page 5 (Supplement)

KAISER'S COURT LOSES MILLIONS.

FORTUNES WIPED OUT BY A

BANKER'S FAILURE,

EMPEROR AND EMPRESS SACRI-

FICED LARGE SUMS

A cable to the New York "World" from Berlin, May 25. says:—Almost the entire private fortunes of Empex-or William, the Empress and other members of the Royal Family of Germany have been swept away in the swindles perpetrated by Commercial Councillor Sanden. The operations of Sanden suggest the 520-per-cent-a-year Bcheme in New York. He is under arrest, and while the Emperor's legal advisers are attempting to determine the extent of His Majesty's losses Court circles and cafes ring with expressions of admiration at the audacity of the man who duped the Emperor by the flimsiest sort of chicanery. As nearly as can be learned Sanden got away with something like 8,750,----000 dollars belonging to the members of the Court His liabilities, including the claims of the Royal Family, will easily foot up that amount. His visible assets in money do not exceed 25,000 dollars. His houses, yachts and stables will probably realise 100,000 dols. His Majesty is believed to have lost 3,375,000 dols. through the operations of Sanden. The Empress, whose private fortune is small, is said to have been swindled out of 625,000 dollars.

William's brother-in-law, the Duke of Schleswig-Holstein, has been irretrievably ruined, and unless he can raise a great deal of money, which now seems improbable, the Duke will ,be compelled to confess bankruptcy. In Germany bankruptcy carries with it disgrace. Except for the protest of the Ministry, the Emperor would probably have turned over to Sanden the "iron stock," or the family fund of the Royal Family, amounting to 25,----000,000 dollars, and now invested in gilt-edge London and New Tork real estate. , Sanden's downfall was due to being caught in the Northern Pacific corner. When the collapse came Sanden was privately questioned by the Governor of Potsdam. The banker confessed that he was bankrupt and the Emperor's millions had gone with the savings the common people had intrusted to him. The Emperor was furious and ordered Sanden imprisoned Other noble victims of the crafty Sanden are Grand Master Baron yon Mirbach, 250.000 dollars; Count Milhlenberg. 250.000 dollars; Count yon Wendcl, 125,000 dollars; Baron yon Heintze, Count Keller and Baron Lyncker, 25,000 dollars each.