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The conduct of a bank manager, who shall be nameless, in turning out of house and home the A s, a family well-known in society here, has excited a good deal of comment. The manager is not, however, at all to blame in reality. The-e are the facts. About two years ago Mr. A wanted a £100. The only security he had to offer was a bill of sale on his furniture, and this, out of pure kindness, the manager consented to accept, merely requiring that X , an intimate friend of the A s, should endorse the bills given. Instead of prospering, the A s went rapidly down hill. Mrs. A tried keeping a boarding-house, but though the lodgers lived like fighting cocks, and were made awfully comfortable, they somehow didn't increase. Bad luck dogged the family. Mr. A couldn't find a billet, and his sons couldn't keep those they got. For a lengthened period the bank manager went on renewing the bill in a most long suffering man ner — in fact all he asked was that Mr. A should pay it off in instalments of £5 a month. Mr. A , however, paid nothing, and couldn't Eromise even the £5. Then the manager found c was on the eve of bankruptcy, and that the furniture would be seized for rent if he didn't take it. Under these circumstances the A s were sold up, though not without all due warning, in fact, Mr. A 's insolvency expenses have been paid out of the proceeds. For my part, I fail to see how the bank manager could, have done anything else. If he hadn't taken the furniture someone else would, and, being the oldest and biggest creditor, he was surely entitled to it.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TO18801030.2.19

Bibliographic details

Observer, Volume 1, Issue 7, 30 October 1880, Page 49

Word Count
292

Untitled Observer, Volume 1, Issue 7, 30 October 1880, Page 49

Untitled Observer, Volume 1, Issue 7, 30 October 1880, Page 49

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