The New International Encyclopædia/Camphausen, Otto

CAMPHAUSEN, kämp′hou-zen, Otto (1812-96). A Prussian statesman. He was born in Hünshoven, studied at the universities of Bonn, Heidelberg, Munich, and Berlin, in 1844 was elected councilor at Treves, and in 1845 became a member of the Ministry of Finance. In 1869 he was appointed Finance Minister. His administration, resourceful and cautious, marked a change from conditions of economic depression to those of great prosperity. Made accountable by his opponents for a subsequent reaction, attacked by even the Liberals, and at odds with Bismarck respecting the tobacco tax, he resigned with the rank of Minister of State.