SPECULATOR AND GAMBLER
A REMARKABLE CAREER. By Telegraph.—Press Assn.—Copyright. London, Jan. 21. Revelations of an astonishing career was made in the bankruptcy court. Carl Hanau, the bankrupt, gave evidence that between 1876 and 1887 he amassed £40,000 in a general merchandise business in South Africa. He then started company promoting, retiring in 1896 with £750,000. Hanau came to London and speculated on the Stock Exchange, with the result that he was caught in the American railway slump of 1900, and was left with unmarketable shares valued at £lOO.OOO. Returning to South Africa he became a salaried partner with Barnato Brothers. After three years he received £250,000 in cash and 20,000 shares in the Coronation Syndicate. Unfortunately he was prevailed upon to return to London, and became mixed up in litigation. He made big losses by gambling and on the Stock Exchange, aggregating £280,000. He now owes £70,500, and his assets are valued at £11,270.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 24 January 1921, Page 5
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156SPECULATOR AND GAMBLER Taranaki Daily News, 24 January 1921, Page 5
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