GENEROUS BROTHER

Southland Times, Issue 19278, 24 June 1924, Page 6

GENEROUS BROTHER

BANKRUPTS STRANGE STORY. NO INCOME FOR 10 YEARS. An Australian, Vere Herbert Casey, has earned nothing for ten years. Since he became insolvent in 1914, he has stayed often at leading hotels in Sydney, with a minimum tariff of 12/6 a day, and wine has figured in his bills. His brother, Mr Vincent Casey, has met all these expenses, the wine being bought to clinch mining and other transactions, in which the latter was interested.

This was part of an amazing story of financial transactions and company promoting, told to Judge Moule, in the Insolvency Court in Melbourne the other day. Vere Herbert Casey was applying for a certificate of discharge from his debts. The applicant, a short, thickset, youngish man, with hair turning grey, said he had no occupation since his insolvency. He had received no salary or commission or wages nor had he any assets. He had been associated with his brother in business ventures, but had not received a penny in salary or wages from him. Once he had asked his brother for an interest in one of his ventures, and his brother had given, him two shares in a company. Judge Moule: “Are they worth anything?” Casey: “No, they are worthless. During the 10 years I received about £2 a week for my own use. My brother paid me for my keep and provided me with clothes and tram fares. Counsel: “You go to Sydney frequently, and stay at the Hotel Australia. That’s an expensive place.” Casey: “When my brother finds the money I live where he tells me.”