Disastrous Tornado. -7-The terrible itcfni^do.. wijclj " r^gpntly yisited Indiana, Uni«sd, Steteg, >ftlgfl ijito Squtherii Illinois. It is estimated that not less than 1000 perspns'were killed and injured by it. . ••■ AVeUrtimed paper \n T§mple' B.ar ,on ft Finance, Fraud, and Fajlqreg," acjmits us behind the scenes, $nd exposes the gotten foundations j%nd illegitimate operations of the companies whose cpllapse was one pf the Vfirst fegults pf the recent panjc \n England The writer mentions, as a fact which came within his pwn knowledge, that pne pf these .'undertakings, was launc^e4 into existence by an insplvent'SpUcitqr, ahalfsmy bfl§.cer head-pver-ea.rg debt,.and .a, «ee4y bagman ; pne pf whpfai hadtc^ pawn a silk umbrella, whijh he had^ obtained credit the day hefpre' from a . west-end shop, in order ; tciypay fqr the lurichep.il bver wli'ich; the scheme' wa^ poncertei Yet} thw eftterp.ris.ei m$H a : papital of one million, was ""successfully .floated and its pharescame out a>th.ree-oir-|pur premium ;; yhile the trip of impecv,niovis. prpmQtcra' '• managed to divide 'ainbilg'them no -lesji than: fJ.&OpO, of prprrujtipn mpney ; and their pnly regret being that ' they had npt ask;ed\ ari(J obtained twenty, 1 '- The nft, .We qf the businesartr-angacted by these comr and. tlie me^ns. by which they con*'. 1 %nve tq keep up^ qf prosperity, •§o long as the mpney jyar^et is buoyant, are lucidly explained • and.the infprmatipn'em;.||p.died in. this paper . thrpws 'aY serviceable li§ht uppri the causes and cpnsetjuences of |^e;,grea.t grajsl iii\ England .'in May 'lafsb.
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Bibliographic details
Grey River Argus, Issue 105, 13 September 1866, Page 3
Word Count
238Untitled Grey River Argus, Issue 105, 13 September 1866, Page 3
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