Max Warburg, the well-known Jewish banker of Hamburg, has announced that he will file a suit for libel against the anti-Semitic organ “Der Hammer”.
The Paper which is the organ of the so-called “Aryan faction” charged that Warburg’s banking firm had profited greatly by the war. The “Hammer” further charges that Warburg had been very intimately connected with the German military and official headquarters and had exploited the knowledge gained from these sources for his own profit.
Warburg brands both of these charges as absolute lies declaring that his banking firm far from making money through the war, had actually suffered a considerable loss as a result of it.
Mr. Warburg is a brother of the New York banker and social worker, Felix Warburg, of whom the “Hammer” spoke as the leader of the “banking world in America”. This assertion, too, Herr Max Warburg characterizes as false.
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.