THE FINANCIAL PANIC.
THE KNICKERBOCKER TRUST. New York, November 15. The official examination disclosed no evidence of fraud in the Knickerbocker Trust's books, which were in good order. The losses of Mr. Harney, the ate president of the Trust, totalled, a million and a-luilf pounds. [Mr. Carney committed suicide last week.] NEW YORK'S GOLD IMPORTS. THE KNICKERBOCKER TRUST'S ASSETS. Received Nov. 17, 4.25 p.m. New York, November 10. The total amount of gold imported into New York amounts to thirteen millions sterling. The receivers of the Knickerbocker Trust report that many of the assets cannot be realised at present or in the : near future. i Thousands more workmen have been I discharged at various industrial centres I in America. [ i AN EIGHT PER CENT. BANK RATE. London, November 16. : The Financial News says that with the continued outflow of London gold, events are rapidly drifting towards a bank rate of 8 per cent. FRANCE DECLINES TO EXPORT GOLD. London, November 16. Pierpont Morgan's negotiations to obtain gold from the Bank of France failed. /.; i.! tff
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Taranaki Daily News, Volume L, Issue 61, 18 November 1907, Page 2
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175THE FINANCIAL PANIC. Taranaki Daily News, Volume L, Issue 61, 18 November 1907, Page 2
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