risk or
gain much, he learned the business of precious stones, to which he added
that of laces, paintings, old materials, tapestries, rare furniture.

An infallible eye, the patience of a German united with his Israelitish
and Dutch extraction, soon amassed for him a small capital, which his
father's bequest augmented. At twenty-seven Justus had not less than five
hundred thousand marks. Two imprudent operations on the Bourse,
enterprises to force fortune and to obtain the first million, ruined the
too-audacious courtier, who began again the building up of his fortune by
becoming a diamond broker.

He went to Paris, and there, in a wretched little room on the Rue
Montmartre, in three years, he made his second capital. He then managed
it so well that in 1870, at the time of the war, he had made good his
losses. The armistice found him in England, where he had married the
daughter of a Viennese agent, in London, for the purpose of starting a
vast enterprise of revictualing the belligerent armies. The enormous
profits made by the father-in-law and the son-in-law during that year
determined them to found a banking-house which should have its principal
seat in Vienna and a branch in Berlin. Justus Hafner, a passionate
admirer of Herr von Bismarck, controlled, besides, a newspaper. He tried
to gain the favor of the great statesman, who refused to aid the former
diamond merchant in gratifying political ambitions cherished from an
early age.

It was a bitter disappointment to the persevering man, who, having tried
his luck in Prussia, emigrated definitively to Vienna. The establishment
of the 'Credit Austro-Dalmate,' launched with extraordinary claims,
permitted him at length to realize at least one of his chimeras. His
wealth, while not equaling that of the mighty financiers of the epoch,
increased with a rapidity almost magical to a cipher high enough to
permit him, from 1879, to indulge in the luxurious life which can not be
led by any one with an income short of five hundred thousand francs.
Contrary to the custom of speculators of his genus, Hafner in time
invested his earnings safely. He provided against the coming demolition
of the structure so laboriously built up. The 'Credit Austro-Dalmate' had
suffered in great measure owing to innumerable public and private
disasters and scandals, such as the suicide and murder in the Schroeder
family.

Suits were begun against a number of the founders, among them Justus
Hafner