HOOLEY'S RISE AND FALL

Press, Volume LVIII, Issue 17469, 1 June 1922, Page 10

HOOLEY'S RISE AND FALL

''THE SPLENDID BAHlfflW

Ernest Terah Hooley, who Vtt (J tenceu at toe Old JiaUey early m Jg l 0 twee years' penal aermu* Jot • ue promotion or tao Jubilee WJi iLJutti., was at W«|»JJ*Si my/. 'Hie great *> unM) P iyre r**' Hooicy was withdrawn *rom.«WJ fa nis lather was a former ' W |«uu>.i »vv uu uiß o.ui account lW« the iace macmnes ana then « »"T man His first notationi «** version or his father's •***£> limited •li« billt^ l w 'WjJß» art up as a stockbroker b » KJWJ He arHved in London He was u young man irom*« slnre who had come uPO*g£/j. n whirlwind. He i suite of eight rooms, tor J ! to say that he paid £»» ' he received his court, i moners, City men ot-kJJ » wealth and ! fact who was still not too r*» to make a bit more. . I Fom 1894 to 1898 he fl^grf ?>f those 18* Jf t 11l ' on bS,"»«*2 I went to (his account as on «fr tion,'' as hie « ,le panies of the P«P«*f t P^P** On the figures "•* *£,» «#J the deal, not. w", ledger His metlhods ™ ttj such that Of I'»iSS4jOW2 five millions of gross P»JJrfW tacular smash he ©w "J" tion expenses" at Alnnv companies ** I moted 'have remained, »» ' panics. • j ~ he iWr^ "1 have never said, »• bMlfl e* once, -that I can That is not my line. I «» te W» .bom dealer My *»«*£ ,ndjgj business and sell a it is bought and sold 1 » H further to do with it. *' He had .the reckless P*°ssr»Pt}. born optimist. Even as * reckoned ho was living * tbi ,» £12,000 a y«ir. S ™ n lJ &&*&■* was called "the spjend d & a* * While he was solvent, VgfaaA rote of a million a .year, tf^i* have had tfio <»P a Fx ty j£tS' u, Hft he made. He bought great tatcs; one little &*¥*,£ o( *& stock the wine cellar* of «J" Be < He bought a beautiful yacm a magn.fi-ent gift <>* la<. Paul's Cathedral, a «P f *2j B g. I>*s wns found rather there was the fund of «* he announced be taa ° So the money went. in July, 1898. with liabilities of about Hooley has made ; b£ Binoo that anectacnfcu o *£ they have been crowded three years <>[£#„&<**L l-Vbruary IPI2, he »as „,g the Old Bailey to second division roi■ « . e ng"^»!p ? from a. young jn £gj Korfidalc by false P** b» *" tlrnt a particular estaW «»iliner was not encumbered.