What Happened to Habsburg Fortune?

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I just discovered Lynn S. McCready was the president of the bank the ‘Last Audience of the Habsburgs’ was stored for seventeen years. He was secretary of ‘Friends of the Museum’ that unveiled this large canvas at the El Union, A replica of the Shonbrunn Palace was a backdrop for a faux Vienna feast, the guests enjoying Euro-Quiseen as they pretend to be Habsburg Royalty. Lynn knew the history of this painting. He had to know the owner, or, the person that put this painting in his care. Did this person disappear, and, thus McCready considered it IS HIS to do what he want with it? Did this person sell, or, pay off a debt with this incredible work of art? Was it seized in a foreclosure? Did Lynn consider contacting the Austrian Government, or, a living Habsburg, to see if they wanted it? Would he make a gift of it, or, would he be looking for a buyer? What if they demanded the return this painting? Do any of the past regents of the University of Oregon know the truth about the unfinished image of the little girl without a body?

As a profound coincidence First National was purchased by TransAmerica Corporation that my father’s high school chum became the president of. Victor was invited to come aboard, but, he became a Loan Shark instead.

Alley Valkyrie was arrested after trespassing in a Eugene Bank. I filmed the OCCUPY demonstration I took part in front of Chase.

What is truly extraordinary, is, members of the Habsburg family are demanding their assets and property be returned to them. This reference to being treated like second class citizens, involves the recovery of ‘The Lady in Gold’ that is on display at the Neue Galery in New York, who I sent an e-mail to, that was read at the same time by representatives of the Austrian Government.

I am working on a theory that Georg Granitsch founded several banks, with Habsburg Money, including the  Raiffeisen Banking Group Austria 

Are we looking at an international banking conspiracy, that could have involved Thomas G. Hendricks who got a park named after him, and, was a friend of George Miller, the founder of Fairmont? Is Eugene a secret Habsburg City?

Banks should not end up with valuable National Treasures, or, hold private shindigs where the little people are not invited. Marie Antionette was a Habsburg.

“Let them eat cake!” Donald Von Trump has said as much!  He promises to build a giant wall between the Haves and Have Nots.

“This is what Democracy looks like!”

Do not pluck my roses without my permission!

Jon Presco

Copyright 2016

McCready continued as President until February 8, 1954, when the bank was merged into the First National Bank of Oregon, at which time he became Vice-President and Manager of the Eugene Main Branch.

“We are talking about properties that my family had privately owned that were seized by the Nazis in 1938 and then taken after the war without compensation.”

Yet Herbert Golsong, a Washington-based lawyer representing the family, said: “This was an act of Nazi revenge. It was a personal instruction from Hitler because members of the Habsburg family were employed in anti-Nazi propaganda abroad, especially in the US.” The family had also helped Jewish people to flee to America, he said.

“We don’t want to be treated like second-class citizens any longer,” said Christian Habsburg, the Euro MP’s cousin, who co-filed last week’s claim. “The Habsburgs were dispossessed by the Nazis and should be handed back property by the state, just like all the other victims of national socialism.

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https://en.wikipedia.org/wiki/Sch%C3%B6nbrunn_Palace

The First National Bank of Eugene began as the Bank of Hendricks and Eakin on December 1, 1883. The bank was founded by Thomas G. Hendricks and Stewart B Eakin, Jr. Two years later the founders decided to “nationalize” and on March 9, 1886, they reopened as The First National Bank of Eugene City; the “City” was dropped in 1906.

Original shareholders were Thomas G. Hendricks at 360 shares. Stewart B. Eakin, Jr. at 100 shares, and G. R. Chrisman, J. M. Hendricks, E. Stewart, and W. R. McCornack at 10 shares each, for a total of 500 shares.

As the bank grew, services were expanded, including the addition of the first unit of safe deposit boxes in July of 1908, establishment of the Savings Department in July 1911, and the opening of the Trust Department in 1915. Growth was enhanced by consolidation with the Chambers-Bristow Banking Company on February 10, 1908.

The banks first president was Thomas G. Hendricks, who served until January, 1917. He was followed by Pe. E. Snodgrass in 1917, A. A. Rogers in 1929, Richard Shore smith in 1931, and Lynn S. McCready in 1945.

In December, controlling interest in the bank was sold to TransAmerica Corporation, a San Francisco based holding company. McCready continued as President until February 8, 1954, when the bank was merged into the First National Bank of Oregon, at which time he became Vice-President and Manager of the Eugene Main Branch. Prior to the merger, two additional branches of the original back were established: the West Eugene Branch in August 1949 and the Springfield Branch in August 1950.

On June 1, 1981, the First National Bank of Oregon became First Interstate Bank of Oregon, an affiliate in a regional banking system covering eleven western states.

http://socialarchive.iath.virginia.edu/ark:/99166/w6616mvz

https://rosamondpress.com/2015/06/04/the-monkey-block-and-queen-calafia/

https://en.wikipedia.org/wiki/5th_SS_Panzer_Division_Wiking

http://daughternumberthree.blogspot.com/2013/12/the-girl-in-last-audience-of-hapsburgs.html

http://socialarchive.iath.virginia.edu/ark:/99166/w6616mvz

https://learnearnandreturn.wordpress.com/2011/07/08/the-habsburg-inheritance/

In 1938, one day after the German occupation of Austria, it was taken over by a provisional administrator and subsequently nationalised. The bank was not returned to its pre-war owners until 1955.

https://en.wikipedia.org/wiki/Raiffeisen_Zentralbank

Since the end of the Monarchy some members of the Habsburg family have insisted that the ‘tied assets’ be returned and have taken the matter to both the Austrian Constitutional Court and the European Commission of Human Rights. They consider the tied assets to be their private property.

What is to be done with all the Habsburgs’ assets when the Monarchy is suddenly abolished and the Republic proclaimed in its place?

The Habsburgs’ assets were a matter Austria had to deal with even after the end of the Monarchy. In 1919 a special Habsburg law was passed, which a year later was given constitutional status. It laid down which of the Habsburgs’ assets were to be transferred to the new state. Ultimately it was Emperor Karl who was responsible for this law, as he had rescinded his renunciation of ‘any participation in the business of State’ as soon as he had crossed the border into Switzerland. As a result the Republic needed a legal handle.

State property included the ‘aulic’ and the ‘tied’ assets, while the Habsburgs’ considerable ‘private’ assets remained in the hands of the family. Exceptions were, for example, the Court Library (now the National Library) and the Albertina Palace. The tied assets included those which the family had at their disposal as the ruling dynasty as well as the family support fund.

In the 1930s, during the years of the Corporate State (Ständestaat), the property which had been confiscated was returned to the Habsburgs, but this measure was rescinded by the National Socialists shortly after the Anschluss in 1938. After the Second World War the laws passed by the Corporate State and the National Socialists were declared null and void, a clause which was also included in the Austrian State Treaty of 1955. Since the end of the Monarchy some members of the Habsburg family have insisted that the ‘tied assets’ be returned and have taken the matter to both the Austrian Constitutional Court and the European Commission of Human Rights. They consider the tied assets to be their private property.

The most recent development has been to link the question of the Habsburg assets to the laws regulating compensation for property lost during the National Socialist era. These stipulate that victims of the National Socialists can demand the return of confiscated property. Some members of Habsburg family cite these laws and demand the return of those assets expropriated by the National Socialists but which have actually been  the property of the Republic since the end of the Monarchy.

The grandson of Karl I, the last Austro-Hungarian emperor, has launched a controversial claim for the return of palaces and land seized by the Nazis and now held by the Austrian state.

Karl Habsburg and two relatives are demanding that property worth hundreds of millions of pounds, including several castles and about 50,000 acres of woodland, be given back to the family in a claim filed with the Austrian Restitution Fund for the Victims of National Socialism.

Mr Habsburg, 42, dropped the aristocratic “von” from his name before becoming an MEP for the conservative Austrian People’s Party. His father, Otto von Habsburg, is the head of the family.

The intervention by the dynasty’s future patriarch has given fresh impetus to a campaign launched by other members of a family whose empire once stretched across much of central and eastern Europe. They say that if they win, the property will be placed in a trust for the benefit of 160 surviving Habsburgs.

“We don’t want to be treated like second-class citizens any longer,” said Christian Habsburg, the Euro MP’s cousin, who co-filed last week’s claim. “The Habsburgs were dispossessed by the Nazis and should be handed back property by the state, just like all the other victims of national socialism.

Christina Linsboth

“We are talking about properties that my family had privately owned that were seized by the Nazis in 1938 and then taken after the war without compensation.”

Research conducted by Otto’s brother, the late Carl-Ludwig von Habsburg, revealed that Hitler had personally directed the campaign against the family.

The best-known asset is Laxenburg Palace and its extensive park, just outside Vienna. The palace, which dates to the middle ages, is open to the public and a popular destination for Viennese day-trippers and tourists. The total value of the disputed property has yet to be calculated, but the forests alone are worth about £135 million.

Although the Habsburgs were robustly anti-Hitler, there is disquiet in republican Austria at the idea of the Nazi restitution fund being used to aid the former royal ruling family when many Holocaust victims are still awaiting compensation. Austrian governments have previously said that they oppose paying money from the fund to the Habsburgs.

Yet Herbert Golsong, a Washington-based lawyer representing the family, said: “This was an act of Nazi revenge. It was a personal instruction from Hitler because members of the Habsburg family were employed in anti-Nazi propaganda abroad, especially in the US.” The family had also helped Jewish people to flee to America, he said.

Until 1995, most Habsburgs were banned from returning to Austria by a law that required them to renounce any claim to the imperial title and treasury, but the government was forced to change the legislation when it joined the European Union.

The dynasty was first stripped of its wealth by the 1919 Habsburg Law that deposed Karl I. Moves to return property to the family in the 1930s were overturned when the Nazis occupied the country, and its confiscation was later enshrined in the 1955 treaty that established the Austrian republic after the withdrawal of the occupying powers.

So who were the Habsburgs?  Some time during the 10th century, as various families competed like cats in a sack for power and territory, one family emerged in what is now the Swiss canton of Aargau.  They took the name Habsburg, which may come from Habichtsburg, meaning Hawk’s Castle – which gives an inkling into their modus operandi, as one family amongst many petty warlords.  In the story of William Tell, the ‘Austrians’ who were his enemies were Habsburg tax collectors.

The Habsburgs prospered, gradually pushing east into Austria, picking up territory in skirmishes with the neighbours, until in 1452, the head of the family was elected Holy Roman Emperor as Frederick III, effectively the overlord of German lands, broadly defined.  The title carried a lot of prestige, but the Emperor had no power to tax his subjects, to pay for either an army or a bureaucracy.  However Emperor and Pope were generally seen to have a special relationship, with the Emperor expected to defend Christendom (whatever that was).

Bella gerant alii, tu, felix Austria, nube!
Let others wage wars, but you, happy Austria, marry!

The Habsburgs had a talent for marrying heiresses.  In an age when rulers led their armies into battle, there was a fairly high mortality rate amongst male rulers.  Add the problem of a newly virulent syphilis, which seems to have returned to Europe with Columbus in 1492, and which caused infertility when it didn’t kill, and girls fairly often inherited when their parents failed to produce a male heir.

The Habsburg strategy was most spectacularly successful in the case of Mary of Burgundy.  Mary was the only child of the last Duke of Burgundy, Charles the Bold, who died in battle in 1477.  Burgundy was a vast inheritance, including some of the richest cities in Europe in what are now Belgium and the Netherlands.

I was reading some of the stories about Otto von Habsburg and how he had to earn a living and pay off some debts after WWII. Same for King Michael of Romania, who did various things to earn a living.

Question: why did monarchs who were deposed not see it coming and store up wealth so that they’d be well off after they became private citizens?

Surely they could have all stashed some cash away in a Swiss bank account or something.

The Habsburgs and Hohenzollerns were clearly some of the most prestigious and wealthy families around. King Carol of Romania left with apparently train car after train car of assets when he was deposed in 1940, but there must have been enough left to keep King Michael well-heeled while he was King, and the Habsburgs stayed in Austria, in one of their palaces, for a while after Austria became a republic, so they had access to wealth. Both families should have prepared for some turbulence, with WWI not going well for Austria in the final months, and the Russian invasion of Romania in 1944.

Thoughts?

The Academic Legion (GermanAkademische Legion) was a military organization formed by university students in Vienna during the Revolutions of 1848. It played a key role in toppling the government of Clemens Metternich and precipitating his retirement on 13 March 1848.[1] The Legion dissolved in October 1848 when the Vienna Uprising was crushed.

The Legion, formed in 1848, was composed of about 6,000 university students. Although students were well represented in the revolutionary vanguard of most cities affected by the revolution during this time, nowhere had the university students played so important and prominent a part in the revolutionary movement as in Vienna. The students exercised a preponderant influence in the “central committee,” the administrative body of the revolutionaries, which consisted of an equal number of students and members of the citizens’ militia. Deputations of citizens and peasants came from all parts of Austria to present their grievances and petitions to the “Aula”, the headquarters of the students, which had suddenly risen as an authority omnipotent in the opinion of the multitude.[2]

https://en.wikipedia.org/wiki/Academic_Legion_(V

https://en.wikipedia.org/wiki/Academic_Legion_(Vienna)

Lower Austria Landtag ( German Landtag von Niederösterreich, Lower Austria Landtag) is elected by the legislature in the federal state of Lower Austria in Austria . Originated from historical estates Assembly . For Austria-Hungary was one of the provincial assemblies Cisleithanian . A preserved remains even after the demise of the monarchy in the interwar and postwar republic.

It has 56 deputies. It is elected for a term of five years (the current composition of the designated provincial elections in Lower Austria in March 2013 ). The Assembly has the legislative power to the provincial level, further selects and controls the provincial government , headed by the provincial Governor and approved by the provincial budget. [1]

The highest representative Cisleithanian while common ruler and one of the main pillars of unifying the Austro-Hungarian Empire after the settlement was Emperor and King. This title will be used officially in its shortest version, and the personality of the equal status of both units (= emperor Emperor of Austria and King of Hungary, King =). Theoretically, therefore Habsburg-Lorraine in Cisleithania sovereign emperor. Between 1867 – 1918 in Cisleithania ruled by two kings:

The position of Emperor and King was regulated by constitutional laws of 1867 in such a way that the country was essentially transformed into a constitutional monarchy. Nevertheless he had the monarch in some areas are still strong powers. In the first place the Austro-Hungarian monarch remained the sovereign grace of God even after 1867. In addition, the Constitution guaranteed him the sanctity, integrity and responsibility. In matters of leadership, command and organization of the Austro-Hungarian army, he was left autonomy based on its feature-chief. Similarly, could decide independently on issues issuance of orders and decorations and granting pardons. In foreign policy, he had the power to conclude international agreements (to more severe but needed parliamentary approval) and should also declare war. In addition, he had an appointment and dismissal powers in the executive branch. On the other hand, the law on the liability of Ministers made the ministers and not mere advisory body, but the sovereign Parliament responsible cabinet. In many cases it was necessary to have in addition to the signature of the monarch and the minister. This system meant that the monarch had in a country still fairly big impact, but his position was no longer absolute. In addition, he lost the monopoly on legislative initiative, which now also incumbent parliament.

Lower Austria Landtag ( German Landtag von Niederösterreich, Lower Austria Landtag) is elected by the legislature in the federal state of Lower Austria in Austria . Originated from historical estates Assembly . For Austria-Hungary was one of the provincial assemblies Cisleithanian . A preserved remains even after the demise of the monarchy in the interwar and postwar republic.

It has 56 deputies. It is elected for a term of five years (the current composition of the designated provincial elections in Lower Austria in March 2013 ). The Assembly has the legislative power to the provincial level, further selects and controls the provincial government , headed by the provincial Governor and approved by the provincial budget. [1]

Provincial Committee in the years 1861-1918 the executive body of the Landtag , which also served as the highest instance of the local government in the countries of the Austrian Empire (from 1867 to Cisleithania ). Provincial committees followed the estates provincial committees that since the abolition of patrimonial administration after 1848 until 1861 worked temporarily in similar fields, but because of neo-absolutism with significantly limited powers. Provincial Committee was elected by the Landtag (Czech Republic had eight, six in Moravia and Silesia four members and the President), and its chairman was Marshal of the earth, or in other countries, the provincial governor. In Bohemia, the Provincial Committee replaced Provincial Administrative Commission in 1913 after the release of Ann patents . In the successor states of Austria-Hungary formed an institution with a similar definition as provincial committees.


Raiffeisen Zentralbank Österreich AG is the central institution of the Raiffeisen Banking Group Austria (RBG) and also functions as the group centre for the entire RZB Group, of which the listed company Raiffeisen Bank International AG (RBI) with its banking network in Central and Eastern Europe (CEE) is the largest member. It has subsidiaries in, amongst others: Ukraine, Hungary, Czech Republic, Romania, Kosovo, Albania, Bulgaria, Bosnia-Herzegovina, Croatia, and Switzerland. The largest of these subsidiaries by far is Raiffeisenbank (Russia) which accounts for 74 percent of the company’s pretax profit.[2]

In 1938, one day after the German occupation of Austria, it was taken over by a provisional administrator and subsequently nationalised. The bank was not returned to its pre-war owners until 1955.

https://en.wikipedia.org/wiki/Raiffeisen_Zentralbank

About Royal Rosamond Press

I am an artist, a writer, and a theologian.
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