AN ARISTOCRATIC BANKRUPT.

New Zealand Mail, Issue 745, 11 June 1886, Page 4

AN ARISTOCRATIC BANKRUPT.

The Princess Ypsilaafci, 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, and millionare. She took the step herself, because the holders of some of her late husband's bills threatened to sieze everything she possessed. Besides the dowry which the princess received at her marriage, she 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 florins. The Princess' income of 120,000 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 at last. His exceptional rights as Foreign Minister ceased with his death, and his widow can be sued by his creditors. The princess inherits four million florins from her mother, but 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 the Governor of Alsace, who was named guardians 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 the family, whose house has been daily stormed by creditors demanding payment.