SPECULATION IN SHARES.
BY GOVERNOR'S SON. FORTUNE MADE LEGITIMATELY. By Telegraph—Pres* Assn.—Copyright. Received Dec. 26, 1/25 p.m. New York, Dec. 25. The Manila correspondent of the New York Times that in order to dispel conflicting rumours, Governor Wood has revealed that his son and aide (Lieutenant Orsborn Wood), by speculating in 'Wall Street, although a resident of Manila, amassed a fortune of 800,000 'dollars. ' Lieutenant Wood, who is only twen- , ty-six years of age, purchased Standard ()il stocks just when they -began to mount in price, and reports leaking 'through the banks where he deposited ,111 s funds, reached Filipino leaders, who attempted to make capital thereof against the Governor. < The United States War Department .investigated the matter and found that all the lieutenant's transactions were made in New York, and were legitimate. The Governor, however, ordered his son, who intends to resign and enter the diplomatic service, to cease making further speculations.
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Bibliographic details
Taranaki Daily News, 27 December 1923, Page 5
Word Count
153SPECULATION IN SHARES. Taranaki Daily News, 27 December 1923, Page 5
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