A " BANK " IN DIFFICULTIES
SOME SIDELIGHTS. By Cable—Press Association—Copyright. London, January 20. The official receiver announces that when Carpenter started in business in 1870 he. had a capital of £BOO, and a partner with £ISOO joined him, but withdrew,, losing all of it. Carpenter then styled his business "Charing Cross Bank." The present deficit totalled £«,099,000. Carpenter had lost £IOO,OOO in a petroleum venture in Quebec, and £3oyooo in an unsuccessful bicycle tyre. He . invested £BOO,OOO in railway ventures in Quebec, and £70,000 was'expended on options of gold-bearing lands in the Transvaal which are valueless. He lost £IO,OOO in a venture for making artificial rubber, and £BOOO in a metal polish venture.
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Taranaki Daily News, Volume LIII, Issue 220, 23 January 1911, Page 5
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112A " BANK " IN DIFFICULTIES Taranaki Daily News, Volume LIII, Issue 220, 23 January 1911, Page 5
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