A BANKRUPT MARQUIS.

Taranaki Daily News, Volume LV, Issue 225, 11 February 1913, Page 3

A BANKRUPT MARQUIS.

1 | AX EXTRAORDINARY CAREER. A recent London cable stated that' the creditors in the bankrupt estate of the Marquis of Hertford had agreed to ac- ) eept 7s flcl in the £. The Marquis' liabilities amounted to £20,750, of which amount £IB.OOO was due to liioney-leud- . ers. The Marquis of 1 lei'fr'ord (then the Earl of Yarmouth) filed a petition in bankruptcy in 1911. He tvas born 42 years ago, and succeeded! liis father in the Marquisate last year. As Earl of Yarmouth he acquired Some notoriety during his stay in Ajusttfsdia in' the early 'nineties by giving' performances as a , skirt-dancer. Ten years ago he married j Miss Alice Thaw. (laughter of a PittsI burg millionaire, and brother of Harry jK. Thaw, the murderer of Stanford I White, the famous American architect, j The marriage, however, was dissolved in' ' 1008. In his statement of affairs last I year the bankrupt showed an unsecured' j indebtedness of £ 18.538, awl assets nil. j He had previously been bankrupt in 1900, I ■ when he owed £SOOO. AVith Phoney pro- . I vided bv his father, a composition of 10s )in the .£ was paid, and the first ba'hkJ ruptey was annulled, his father at the j time requiring all that the debtor's pi'oj pertv should be vested in him. BefotfO that, in 180S, his father had paid £4ooo* for him, provided by the sale of heirlooms, he thought, but he was not sure; he knew that there was jv sale of pictures and personal chattels at that time. In consideration of providing for that amount his father required him to assign to him his reversion to a rent charge of I £1398. After the settlement in 1894 he had tried to earn a living in Queensland, and subsequently in New York, and (luring the years 1894 and 1900 was in receipt of a voluntary allowance from his father amounting to £3OO a "year. After the bankruptcy in 1900 he returned to New York, and there tried to augment his allowance by taking irregular engagements on the stage. On his mar- ! riage to Miss Thaw in 1903 a settlement was made by which he was to receive £IOOO a year as pocket money, but that ceased when the marriage was dissolved ir. 1908, and he had to fall back upon the allowance of £3OO a year. On his ■ return from New York be took a poultry farm at Bourne End. but his allowance I not being sufficient to keep Mm and the I poultry farm he had recourse to moneylenders.