AN ARISTOCRATIC BANKRUPT.

Bruce Herald, Volume XVII, Issue 1759, 18 June 1886, Page 4

AN ARISTOCRATIC BANKRUPT.

The Princess Ypsilanti, widow of the Greek minister at Vienna, has filed a petition in bankruptcy. The Princess is a daughter of the late Baron Sina, a banker aud millionare. She took the step herself, because fche holders of some of her late husband's bills threatened to sieze everything she possessed. Besides the dowry which the princess received afc her marriage, sho inherited seven million florins from her father only ten years ago. Whatever the prince freely disposed of is entirely gone. Only Rappoltskirchen, a large estate belonging to her children, remains to her for life ; but even this is mortgaged for a million flurins. The Princess' iucome of 120,030 florins, her jewels, furniture, and her claims to her late mother's fortune, are the assets, against which there are liabilities amounting to nearly two million florins. All Prince Ypsilanti's*bills were signed by the princess. Although it was known that the prince's finances were in a very bad state, and his name was struck off the list of members of the National Club of Pesth when he could no longer pay his losses at play, the crash has come suddenly afc last. His exceptional rights as Foreign Minister ceased with his death, and his widow can be sued by his creditors. Tbe princess inherits four million florins from her mother, bufc the legal formalities for obtaining them are not complete yet. The princess has taken to her bed, and is only able to see her children. The eldest daughter is married to Prince Hohenlohe, son of fche Governor of Alsace, who was named guardian of his young brothers in law by the late prince, and who actively assists the Princess Ypsilanti. The declaration of insolvency must be regarded as a welcome respite by fche family, whose house has been daily stormed by creditors demanding payment.