THE END OF A SPLENDID ENTERPRISE.

South Canterbury Times, Issue 3303, 2 November 1883, Page 2

THE END OF A SPLENDID ENTERPRISE.

The “Otago Daily Times” thus closes a comment on the winding up of Guthrie and Larnach’s Factory Company:—“lt is impuasihle to write of the disastrous outcome of what was once a flourishing c meern and a credit to our city without a feeling of deep sorrow. Whether the result bo traceable to rashness on the part of the management, or to the universal and complete depression in business that followed with quick steps on the collanse of the City oi Gla-gow Bank, it is not for ns to say. No doubt tiie business of the Company was conducted for a considerable time after ita purchase from Messrs Guthrie and Larnach with great enterprise and it is possible that had the prosperous times of 1875 and 1876 continued the Comparty would have made such headway and nave been in better circumstances to stand the losses of the succeeding years; but it was fated that those prosperous

times should not continue ami the in. evitable consequently resulted. We need m-•( dwell lurtlier on the subject. Naturally some considerable harm to our business credit must result ft m the the collapse of so large and important an institutinn ; and nothing that can now tie said will put the matter in any better position before the eyes of the world.”