THE GERMAN FINANCIAL COLLAPSE.
A BANKUPT FIRM. ARREST OF A DIRECTOR. United Pres 3 Association—By Electric _/ Telegraph—Copyright. (Received August 20. 10.30 .p.m.) BERLIN, August 20. One of the Directors of the Gerard Jerlinden Metal Works, Prussia., which re cently suspended, has been arrested at Milwaukee, America, with £SOOO in his possession. (Per R.M.S. Sierra, at Auckland.) SAN FRANCISCO, August 1. Dispatches- from Berlin state that the weekly financial reviews "read like confessions of national 6in." The Press is horrified ait the disclosures of mismanagement, and' worse, in 'the conduct of commercial concerns of high- credit. Lai-ge 4 speculation took place during the late, speculative boom in Germany,amd it appears that the careful supervision of private affairs, carried on by the paternal Government of Germany is not more effective in preventing dishonesty than the scrutiny of creditors to which other peoples trust. It is likely, however, that the German method of punishing those who have practised dishonest methods of becoming rich will be sure and severe, and may act as a deterrent example which is needed in other lamds quite as much as in the one where it will be shown.
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Bibliographic details
Lyttelton Times, Volume CVI, Issue 12585, 21 August 1901, Page 5
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190THE GERMAN FINANCIAL COLLAPSE. Lyttelton Times, Volume CVI, Issue 12585, 21 August 1901, Page 5
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