COMMERCIAL DISASTERS IN SAN FEANCISCO.

Ashburton Guardian, Volume V, Issue 1487, 19 February 1887, Page 2

COMMERCIAL DISASTERS IN SAN FEANCISCO.

A telegram to the Auckland Bell ander date San Franoi oo January 15 i «ya : — The exoi •moot ove* Stock Exchange speculators is as aaabated si ever, and daring the past two or three months huge fortunes have been made. Owing to the sadden rise m stock) no leas than fourteen of the boot standing stockbrokers failed, and. their failures have been m •ome instances immense, one firm having failed for over a rnlll'on dollars, whilst others had to flic the oountry from their creditors A. membee of one of the leading stockbrokers levanted to Tahiti, bat I roturned this morning, sad was m due course arreate'l on a charge of embfea'ement j and the prominent individual, Charles W. Binku, the oashler of the well-known firm of Messrs Wells, Fargo and 00. took passage to Tahiti, after having embezzled ume 40 000 dollars. He ia supposed to hare dabbled considerably m stooks. Tie latest is that on reaching T-hitl he took passage by the Janet Niool for Auckland. It is quite possible thst-D«teotive Hulme, of the firm of Wells, Fargo & Oo may be despatched to Auokland by the Alameda to arrest Banks, bat ere this I have no douht your wot thy Superintendent Thompson has been duly notified of Banks' a aoonding, by gable., leeing there is suoh a heavy award 01ft for hia arrest

To restore nervejand brain waste, nothing equals Hop Biters. Believe tbia id<J take n do bat Amirioaa Co.'i. fsso