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

October 20, 1924
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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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