Sunday, January 19, 2020

News article on Olga's money, year 1908

This news article on Olga's money was printed on April 12, 1908.

 


Source:

romanovsonelastdance on Tumblr

https://romanovsonelastdance.tumblr.com/post/148295311377/april-12-1908-money-invested-in-united-states

The article:

MONEY INVESTED IN UNITED STATES

CZAR'S DAUGHTER IS PREPARED FOR A VERY RAINY DAY.

ST. PETERSBURG, April 12. — Even if the revolutionists drive the czar and his family into exile, there is one member of the family who will never be in want.

This one is the Grand Duchess Olga, the oldest of Nicholas' children, now aged twelve. Olga has something like $10,000,000 in her own right laid away for a rainy day. By the time she is of age her fortune will reach at least $20,000,000, whatever may happen in Russia.

Moreover, her millions are in places where the terrorists can’t get them, even if they establish the red republic that seems to be their hearts’ desire. All the money is invested in countries other than Olga’s own.

Some of it is in England, some in France and Switzerland, but the most of it is in the United States, where the money is invested in railroad, bank and trust stocks.

The youngster was only a week old when her far-seeing papa reached into the Romanoff treasury for $5,000,000 as his first present to her. Wisely invested, that amount has doubled.

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