Thousands of depositors, including the former Empress of Austria, Zita, who put their trust in the North Austrian Bank, a banking institution with an openly anti-Semitic policy, lost their deposits when the Bank collapsed several days ago. Ex-Empress Zita was in financitl difficulties prior to this; her present loss will probably impoverish her entirely.
The North Austrian Bank had a special clause in its charter providing for carrying on business only with Aryans. On the last day a meeting of the Board of Directors was called for the purpose of modifying this clause to permit capital from Anglo-Jewish banks to flow in and save the situation, but it was too late. The Bank also had in trust the propaganda funds of the monarchistic organization in Austria.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
