Alfred Lowenstein

Alfred Lowenstein (11 March 1877 - 4 July 1928), CB, was a Belgian soldier, aviator, sportsman, and one of the most powerful businessmen during the early decades of the 20th century.

Early life and business career

Born in Brussels, Belgium, he was a wealthy man by the time World War I erupted in Europe in 1914. He offered his government in exile 50 million dollars, interest free, to stabilize the currency in return for the right of printing Belgian francs. The offer was refused.^[1] He joined the Belgian armed forces and following the army's retreat, Captain Alfred Lowenstein was sent to London, England where he was placed in charge of military supplies. At war's end, he maintained a residence in England where he ran an investment business that made him one of Europe's most powerful financiers. He partnered with the Canadian-born investment house of Sir James Dunn in several business venture, the duo emerging with more than £1,000,000 profit from their 1920s investment in British Celanese alone.

Lowenstein was an owner of a successful stable of Thoroughbred steeplechase race horses. His horses won the 1926 and 1928 runnings of the Grand Steeple-Chase de Paris.

Business successes

Lowenstein also made an enormous fortune providing electric power facilities for developing countries worldwide through his Belgian-based company, "Société Internationale d'Énergie Hydro-Électrique" (SIDRO). By the mid 1920s, Lowenstein's reputation was such that he was consulted by heads of state from around the globe. The British government made him a Companion of The Most Honourable Order of the Bath.

In 1926, he established "International Holdings and Investments Limited" that raised huge amounts of capital from wealthy investors wishing to get aboard his bandwagon of success. However, Lowenstein was rebuffed in his attempt to take over a Canadian company called Barcelona Traction, Light, and Power, a huge operation building infrastructure in Brazil.

Disappearance

On the evening of 4 July 1928, Lowenstein flew from Croydon to Brussels on his private aircraft, a Fokker F.VII trimotor, along with six other people. While the aircraft was crossing the English Channel at an altitude of 4,000 ft (1,200 m), Lowenstein went to the rear of the plane to use the washroom. On Lowenstein's Fokker, a door at the rear of the main passenger cabin opened on to a short passage with two doors: the one on the right led to the washroom, while the one on the left was the aircraft's entrance door.^[2]

When he had not reappeared after some time, Lowenstein's secretary went in search of him and discovered that the bathroom was empty, and the aircraft's entrance door was open and flapping in the slipstream. The employee (along with the others on the plane) asserted his belief that Lowenstein had fallen through the plane's rear door and plunged several thousand feet to his death in the English Channel. The aircraft landed first on the beach before transferring to the airfield at Saint-Inglevert, Pas-de-Calais, France.^[3]

News and investigation

News of Lowenstein's demise caused panic selling in his corporations' publicly traded shares that immediately plummeted in value by more than fifty percent.

On 12 July it was reported that tests had been conducted by the Accidents Branch of the British Air Ministry using Lowenstein's aircraft. It was stated that at an altitude of 1,000 ft (300 m) one of the Ministry men had thrown himself against the aircraft's entry door, which had opened about 6 in (150 mm). However, he was immediately thrown back into the aircraft when the slipstream violently slammed shut the door. It was concluded that it would have been impossible for someone to accidentally open the door and fall out.^[4]

His body was discovered near Boulogne on 19 July, and was taken to Calais by fishing boat where his identity was confirmed by means of his wristwatch; an autopsy was performed (at the request of his family), his brother-in-law stating that they did not suspect anyone of foul play, but that they did not want anyone to suggest after the burial that Lowenstein might have been poisoned, or had died in the aircraft and then been thrown out. The autopsy revealed a partial fracture of his skull and several broken bones, and it was concluded that he had been alive when he struck the water.^[5]

Theories

Many theories have been put forward as to exactly what had happened to Lowenstein in the back of his plane; some suspected a criminal conspiracy in which his employees murdered him. The New York Times hypothesised that a growing absent mindedness, noted by many of Lowenstein's acquaintances, may have caused him to walk out the wrong door of the plane. Because he had left behind a tangled web of business ventures, many of which were highly leveraged, others theorized that his business empire was on the verge of collapse. Some even asserted that corrupt business practices were about to be exposed and that Lowenstein, therefore, committed suicide. None of these theories was ever proved.

In the book, The Airmen Who Would Not Die (Putnam, 1979), a medium reportedly made contact with Lowenstein, in the afterlife, to ask him how his death had occurred. Lowenstein stated that during the flight he developed an overwhelming desire to leave the plane. So, he went to the lavatory, opened the rear plane door and jumped to his death.

In 1987, William Norris wrote Lowenstein's story in a book titled The Man Who Fell From the Sky (New York: Viking, 1987). Norris ends up showing many points suggesting that if it was not a conspiracy by business rivals and associates, a certain opportunism existed regarding the death of the tycoon and his insurance. He also shows that later events are frequently ignored, such as the fact that Lowenstein's son would shoot one of the family servants under murky circumstances within a decade or so of the tragedy. The son eventually died in World War II. Norris concluded that Lowenstein had been thrown from the aircraft by Donald Drew, the pilot, at the behest of Madeleine Lowenstein, the motive being to gain control of Lowenstein's fortune. He suggested that the aircraft's rear door was completely removed while in the air and a replacement fitted on the beach at St. Pol.

In popular culture

• In the film Such Men are Dangerous, made in 1931, Warner Baxter plays a tycoon who fakes his death in a private airplane disaster.
• In the film Gilda (1946), George Macready disappears when his plane apparently explodes while trying to flee the police (subsequently it is learned he parachuted out of the plane).
• In Orson Welles' Confidential Report (alternative title Mr. Arkadin) (1955) the financier Gregory Arkadin jumps from his private airplane when he believes that his evil past has been revealed to his beloved daughter.
• In 2010 Lowenstein's death was the subject of an episode of the History Channel's Vanishings! series.^[6]

See also

• Aviation accidents and incidents
• Financiers
• Companion of The Most Honourable Order of the Bath
• List of people who died in aviation-related incidents
• Twyford and Thorpe

References

External links

• Lowenstein listed among famous people who died in aviation accidents in the 1920s