HUGE DEFICITS
BREACHES OF TRUST INSURANCE AND BANK OFFICERS’ DEFALCATIONS. U.S. BUSINESS CIRCLES STIRRED. (Received 10 1.10 p.m.) Vancouver, Aug. 9St. Louis business circles have recently U—u jarred by two great lnsurance examiners received a written statement from Roy Toombs, president of the International Life Insurance Co. admitting a shortage of £700,000, while the young manager of the New York branch of the Bank of Italy has confessed to losing £lOO,OOO by speculation.
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Bibliographic details
Hawke's Bay Tribune, Volume XVIII, Issue 203, 10 August 1928, Page 5
Word Count
73HUGE DEFICITS Hawke's Bay Tribune, Volume XVIII, Issue 203, 10 August 1928, Page 5
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