&200,000 from £140 Loan.
A loan of £140, which Dr. S. Higley, of Wellston,. Ohio, made a quarter of a century ago to Chas. Froelich, a struggling farm lad, has
been repaid more than a thousand
times in the form of a legacy amounting to £200,000. With '.ho borrowed money Froelich entered a college, graduated as a mining engineer, and emigrated to Australia. Eight years ago, grown beyond recognition, the former farm lad walked into the doctor's house and paid%l»ack the £140 with compound interest. He informed his benefactor that he had been successful beyond his most sanguine dreams in Australia and South Africa. After a stay of several weeks he returned to Australia. Recently Mr. Henry Thorncroft, a lawyer at Melbourne, visited Dr. Higley to notify him that Mr. Froelich 'had died and left his entire estate to the benefactor of his early youth. Dr. Migley is now seventy years old.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/KWE19140612.2.43.13
Bibliographic details
Kaipara and Waitemata Echo, 12 June 1914, Page 8
Word Count
152&200,000 from £140 Loan. Kaipara and Waitemata Echo, 12 June 1914, Page 8
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