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Ex-empress Zita Loses Deposits in Collapse of Anti-semitic Bank

October 20, 1924
See Original Daily Bulletin From This Date

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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