HE LOST £2,009,000
A man who was once worth over £2.000,000 has gone hack to the foot of the ladder again—“flat broke.” With the optimism sometimes noted in onetime oil millionaires, however, he refuses to abandon hope and confidently expects a fresh “lucky strike” one of these days.
The original oil company which brought him the £2,000,000 fortune —one of several which he has made and lost in his time—has just become insolvent. Tins one-time millionaire gained fame outside the oil world when he invested 1,500,000 dollars (about £300,000) in a play called “The Ladder,” which he kept running for two years on Broadway, although it
was a failure at the box-office. When the public declined to spend its money to see “Ladder,” he started giving away seats free, and soon he was running the theatre entirely on a gratis basis. On previous occasions when he struck oil, he gave away a total of millions of dollars to the men who worked under hint.
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https://paperspast.natlib.govt.nz/newspapers/NEM19360109.2.106
Bibliographic details
Nelson Evening Mail, Volume LXVI, 9 January 1936, Page 8
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164HE LOST £2,009,000 Nelson Evening Mail, Volume LXVI, 9 January 1936, Page 8
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