A WALKING BANK

Poverty Bay Herald, Volume LV, Issue 17227, 5 April 1930, Page 5

A WALKING BANK

£83,000 IN SUITCASES

MAN'S AMAZING STORY

(Elec. Tel. Copyright—United Press Assn.) (Received April 5, 11 a.m.) LONDON, April 4.

An astonishing story of a man who walked the streets carrying £83,000 contained in two suitcases, is told by the Daily Express. Frederick William Woods, who is at present living in London, conceived the idea of backing racehorses with other people-V money, promising a return of £o per week for every £IOO invested, providing that there waa three days racing in the week. He started business at Cardiff, and money pou red in alarmingly. Woods' luck was amazing, and then a Cardiff bank, and afterwards two banks at Nottingham, refused dealings without any explanation. "I bought two strong suitcases, collected the money from, the banks, nml found myself in the street, with £S:i.OOO," stated Woods. "When 1 was staying at a London hotel I was oiinting the money on the top of a bed when a maid enteredand screamed 'burglars.' "I carried the suitcases around until the business declined, and I sold it. "Later I was arrested and got l"> months on a charge of fraud. The police claimed that some of my clients had not received money due. 1 say I paid everyone."