Monday, Oct. 06, 1924
Gone
Camillo Castiglioni, "Austrian Stinnes," went bankrupt. A few years ago he was a comparatively poor man, but through the depreciation of the crown he amassed a fortune reckoned in tens of millions of dollars.
He was the richest man in Central Europe and much beloved by the Viennese whom he assisted financially on sundry and odd occasions. He was also a patron of the arts and for some time supported the famed producer Max Reinhardt, for whom he built a theatre. So fond was he of appearing in the public limelight that he lived with all the pomp and ceremony of royalty, even traveling in the Kaiser Karl's private parlor car, which he bought.
The Castiglioni crash was not unexpected, either by the public or by Castiglioni who, as his name indicates, is an Italian, and who, when the crash came, had taken care to be in Italy, where (so it was rumored) he had kept himself popular by supporting the Fascisti.
The precise nature of the causes of the crash were obscure. A warrant for his arrest on a charge of fraud was, however, issued; but the bird had flown, allegedly with securities of high value. The Austrian State said that if he deposited $4,200,000, he could return unmolested.