LONDON BANK SMASH
SPECULATION EXTRAORDINARY. By Telegraph—Press Association—Gopyrleht London, January 20. In connection with the failure of the Charing Cross Bauk, tho Official Receiver announces that when A. W. Carpenter, the proprietor, started business in 1870, ho had a capital of A partner with <£1500 joined him, but withdrew, losing all his monoy. Carpenter then styled tho business "The Charing Cross Bank." The present deficit is <£1,699,000. Carpenter lost ,£IOO,OOO in a petroleum venture in Quebec, ,£30,000 in an unsuccessful hicyclo tyro investment, and .£BOO,OOO in railway ventures- in Quebec. The sum of <£70,000 was expended on the options of gold-bearing lands in tho .Transvaal, which proved valueless, and he lost .£16,000 in a company for making artificial rubber, and ',£BOOO over a metal polish.
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https://paperspast.natlib.govt.nz/newspapers/DOM19110123.2.45
Bibliographic details
Dominion, Volume 4, Issue 1032, 23 January 1911, Page 5
Word Count
125LONDON BANK SMASH Dominion, Volume 4, Issue 1032, 23 January 1911, Page 5
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