METEORIC SPECULATIONS.
AN ASTONISHING CAREER. LONDON, January 21. Revelations of an astonishing career weremade in the Bankruptcy Court. Carl Hanau, a bankrupt, gave evidence that between 1877 and 1887 he amassed £40,000 in a general merchandise business in South Africa, lie then started company promoting, retiring in 1896 with £750,000. Hanau then came to London and speculated on the Stock Exchange, with the result that he was caught in the American, railway slump in 1900, and was left with unmarketable shares valued at £IOO,OOO. Returning to South Africa, he became a salaried partner in the firm of Barnato Brothers. After three years he received £250,090 cash and 20,000 shares in the Coronation Syndicate. Unfortunately he was prevailed upon to return to London, and became mixed up in litigation. He made big losses by gambling on the Stock Exchange, aggregating £280,000. He now owes £70,500, and his assets are valued at £11,270.
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Bibliographic details
Otago Witness, Issue 3489, 25 January 1921, Page 18
Word Count
151METEORIC SPECULATIONS. Otago Witness, Issue 3489, 25 January 1921, Page 18
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