Wednesday, January 14, 2015

Money flowing into Swiss banks

January 14, 1915

Swiss banks are "receiving large sums of money and scrip" from members of the Austrian Imperial family, the Austria aristocracy and Viennese financiers, all of whom are making deposits, reports the New York Times from Geneva.

There are also "large orders" to purchase American securities.

In recent days, one Austrian archduke sold an estate in Tyrol at "virtually half its value for cash."

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