AMERICAN NEWS
■' GREAT DEFAULCATIONS. (United Service.) (Received this day at 1.0 p.m.) VANCOUVER, August 9. St. Louis business circles have recently been jarred by two great defalcations. The insurance examiners received a written statement from Roy Toombs, President of the International Life Insurance Coy., admitting a shortage of £700,000, while Young, manager of the New York branch of the Bank of Italy, has Iconfessed to losing a hundred thousand sterling in specula--tion.
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Hokitika Guardian, 10 August 1928, Page 3
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72AMERICAN NEWS Hokitika Guardian, 10 August 1928, Page 3
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