AMERICAN FAILURES.
HEAVY AMOUNTS INVOLVED. By Telegraph.—Press Assn.-—Copyright. Received Feb. 10, 8.45 p.m. New York, Feb. 9. Large stockholders in the Columbia Gramaphone Company, perhaps the largest manufacturers of phonographs in the world, have asked for the appointment of a receiver, claiming insolvency. The liabilities are more than twenty-two million dollars and there are few assets. The authorities are also beginning to investigate the failure of twenty-five Wall Street brokers’ houses during the last two months, resulting in the loss of ten million dollars to customers.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 11 February 1922, Page 5
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88AMERICAN FAILURES. Taranaki Daily News, 11 February 1922, Page 5
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