FORMER MINISTER
L. L. KLOTZ PLAYED PART IN FRANCE’S FINANCES GAMBLED TO PICK UP PARIS, Sunday. The death lias occurred of Louis Lucien Klotz, formerly French Minister of Finance.
From 19>L0 to 1913 Klotz was Minister of Finance in the Briand, Caillaux and Poincare Cabinets. In Barthou’s 1913 Government he was Minister, of the Interior. In September, 1917, he held the Finance portfolio in M. Poincare’s Cabinet, and later in that of M. Clemenceau, to whom he was chief financial adviser during the negotiations of the Versailles Treaty, which he signed. In December, 1928, Klotz was charged with fraud and resigned his seat. ITe had been taken to a home for mental cases, but was eventually pronounced sane. On the eve of the public disclosure of his ruin he is said to have left the sanatorium and. returning to Paris, visited a gambling club, where with borrowed money he tried to make good his losses and avoid a crash, but lost heavily. He continued to plunge and eventually uttered a number of worthless cheques and forged bills. Powerful friends tried to extricate Klotz from his difficulties, bLit it was found that nearly £IOO,OOO was needed and that amount could not be raised in time. Tried in July, 1929, he was fined and sentenced to two years’ imprisonment.
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1000, 17 June 1930, Page 9
Word Count
217FORMER MINISTER Sun (Auckland), Volume IV, Issue 1000, 17 June 1930, Page 9
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