Rensselaer Semi-Weekly Republican, Volume 19, Number 2, Rensselaer, Jasper County, 10 September 1897 — FAILS FOR THREE MILLIONS. [ARTICLE]

FAILS FOR THREE MILLIONS.

Decline in Silver Brings Disaster te a Central American. Private advices have been received at San Francisco to the effect that Enrico Mathou, the well-known banker and promoter of several gigantic schemes in Central America, has failed for over $3,000,000. His principal creditors are said to be Europeans, but a San Francisco firm is said to be a sufferer to the extent of SIBO,OOO. While Mathou’s assets are estimated at $2,500,000, they consist for the most part of property in the vicinity of Guatemala, which cannot be disposed of for half its assessed valuation. The cause assigned for, the failure is the heavy depreciation of silver and the collapse of the real estate boom inaugurated by President Barrios several years ago.