Important financial Failure
OTHER FIRMS LIKELY TO SUFFER. Wellington December 3. The air is fall of rumors regarding the -practical failure of a Wellington merchant ■who was also secretary to various financial and insurance bodies. It is said bis defalcations and debts amount to nearly £18,000, but he has not filed, and, no prosecution has yet been initiated, although the facts have been whispered for weeks. Meanwhile paper with the party's name on, is being dishonored on all sides, and Ids bankers are issuing wrjts all ronnd. In consequence of .this, several private meetings of creditors have been convened for to-day and to-morrow, and more are expected. — Wanganui Herald's Correspondent.
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Bibliographic details
Feilding Star, Volume VIII, Issue 66, 4 December 1886, Page 3
Word Count
110Important financial Failure Feilding Star, Volume VIII, Issue 66, 4 December 1886, Page 3
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