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Examples
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Wolfgang Auer von Welsbach whose financial ruin was exposed by the same crisis that has made big chunks of gold a hot item among Austria's traditionally conservative investors.
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It was born with the invention, by Austrian chemist Carl Auer Freiherr von Welsbach, of an alloy, 70 percent cerium and 30 percent iron, that gives off sparks when scratched or struck.
Things I Found in my Mother-in-Law's House: Vices ewillett 2008
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Mr. von Welsbach is currently detained in jail pending charges.
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It hasn't been disclosed how much Mr. von Welsbach actually paid for the coin, but based on the gold price at the time, it would likely have been between
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On May 4, AvW Group filed for bankruptcy, by which time Mr. von Welsbach already had been taken into custody, suspected of fraud and embezzlement.
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Note 55: Suess to Auer von Welsbach, July 10, 1901, AÖAW. back
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In 1904, Welsbach received 3,064 kronen and after the extraction of the radium, he received an additional 6,121 kronen.
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Shortly after Welsbach's agreement, the academy's Commission for the Investigation of Radioactive Substances was finally formed, chaired by Exner, and Suess, with Boltzmann, Lang, and Welsbach as members. 56 The Austrians, like the French, had finally succeeded in assuring radium's traffic between their own science and industry.
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Welsbach had studied chemistry and physics at the Technical University of Vienna, worked at the University of Heidelberg as a lecturer on inorganic chemistry, and later served as Assistent at the second Chemistry Institute in Vienna. 53 His patent for a new method to produce incandescent mantle out of 99 percent thorium oxide resulted to the commercial production of mantles in 1886.
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Welsbach owned a suitable, spacious, industry-like laboratory for the extraction of radium and was an experienced, innovative chemist already familiar with radioactive elements, having worked with thorium.
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