HIGH FINANCE.
■— •*- "A STRANDED SHIP." rßv Er.F.cTRTC Telegraph—Copyright] [Umtko Press Association.] Berlin, September 23. Prince Max of Fiirstenburg will find i; necessary to float a public loan of £1,100,000, mortgaging the bulk o!' his properties to the Grand Duchy of Baden, as security. Those include the famous Danausehigen estate, ivlieve the Kaiser was his annual guest, also the great brewery. The money is needed bo finance his partners in multifarious interests. The newspapers interpret the projected loan as the latest step towards liquidation of the Princes' Trust, which is described as a "stranded ship." A Berlin cablegram, dated July 20. s.'.id:—Financial circles are interested in tlie approaching truce between the two most powerful money groups in C srmany, the Deutsche Bank and the so-called Princes' Trust, consisting of t; ■ Kaiser's best friend, Prince Max ol' Furstenlrarg, and Prince Christian of Koheiilohe-Ovingen, the Kaiser's ki.isman. The groups have waged war lor live years. The Prince posse :-:es enormous industrial assets, but h.-. < lately lacked cash. It is believer! the truce will avert a grave eco.."r.iie crisis.
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Bibliographic details
Stratford Evening Post, Volume XXXVII, Issue 20, 24 September 1913, Page 7
Word Count
175HIGH FINANCE. Stratford Evening Post, Volume XXXVII, Issue 20, 24 September 1913, Page 7
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