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Appeal of Anti-semitic Leader in Warburg Libel Trial Comes Up in Hamburg Tomorrow

January 14, 1926
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(Jewish Telegraphic Agency)

The trial of an anti-Semitic leader for libelling Max Warburg will begin again tomorrow, when the appeal brought by ex-Deputy Theodor Fritsch, the 71-year old anti-Semitic leader in Leipzig against a sentence to three months’ imprisonment comes up. Herr Fritsch was sentenced on December 6th of last year.

In his periodical “Der Hammer,” and in a number of leaflets Fritsch alleged that Max Warburg, who was Germany’s financial expert at the Peace Conference of Versailles, had been acting with his brothers, Paul and Felix Warburg, to betray Germany to the Allies.

Herr Fritsch admitted in his evidence that he had no actual proofs of anything that he had alleged in his articles. But it was his conviction that what he said was “true.” He was convinced that “Max Warburg was training annually 500 Jews as bank officials, giving them also a diplomatic training, for the purpose of entering them in the various diplomatic services, this all being part of the plot to secure the Jewish world domination.”

Max Warburg, addressing the court on his own behalf, said that he had been called in as financial expert at the Versailles Peace Conference to advise the German representatives on financial matters and he had done his duty in that respect as a loyal German. During the war, Herr Warburg declared, he had not seen his brother, Paul M. Warburg, of the United States, who was the Governor of the American Federal Reserve Bank.

Herr Max Warburg published an open letter in the “Deutsche Zeitung” denying that at the same time that he was acting as Germany’s financial expert, his brother, Felix Warburg was acting at the Versailles Conference as financial expert for the Allies.

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