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Plan to Establish Dictatorship in Hungary Depended Upon Success of Counterfeit Conspiracy

January 8, 1926
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(Jewish Telegraphic Agency)

The thirty billion franc counterfeiting conspiracy, in which many anti-Semitic leaders are involved, continues to hold the excited attention of Hungary’s capital.

Further investigations concluded yesterday disclose the political background of the counterfeiting conspiracy. According to these revelations, Deputy Goemboes, the leader of the Awakening Magyars, and his associates, planned to employ the funds obtained through the counterfeiting plot for the purpose of creating a reactionary dictatorship in Hungary, which would be connected with anti-Semitic Fascisti organizations in Eastern and Southern Europe. This would have been a regime of cruel oppression, according to the plans. The dictatorship was to have been begun by proclaiming Prince Albrecht King of Hungary.

All the activities connected with this plan were under the protection of the Supreme Chief of the State Police, Dr. Nadossy, who has been the intimate advisor of Regent Horthy for the last five years. It was recalled here today that when Nadossy assumed office, he delivered an address in which he stated that he would “quickly dispose of those curley-headed Jewish boys,” following which there began the period of anti-Jewish night excesses which lasted for a year.

Deputy Ulain, who fled to Italy, was brought back to Budapest yesterday and was subjected to a thorough cross-examination by the state attorney. Before entering the state attorneys office, Ulain, in an interview granted representatives of the Awakening Magyar newspapers assumed a threatening attitude toward the Bethlen government.

“The Bethlen government must go because it arrests great and noble patriots and national heroes. Had the franc affair succeeded the Bethlen government would have fallen and its members would be on their knees before those who are now arrested,” he declared.

Fifty arrests were made during last night, including five officials of the Geographical Institute, in which the counterfeiting was begun. The Institute is under the jurisdiction of Minister of Education Count Klebelsberg, known for his role in Geneva before the Council of the League in defense of the numerus clausus law in Hungary.

Count Szechenyi was invited by the state attorney to appear before him.

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