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Taranaki Daily News, 9 December 1922, Page 9

William Abraham (Mahon), the veteran Welsh Labour leader, who recently died at the are of 70. left a fortune of £33,315 (states the London correspondent of the Melbourne Argus). As Abra- i ham commenced his life’s work at the < age of ten in a Welsh coal-pit. the worth • of his estate was a surprise to everyone. At one time Mahon was in great re- , quest as a public speaker, and received. 1 good fees, hut this- did not account for the —oo.fiOO. Mr. Abraham also drew royalties nn the sale of a sauce rn which he lent his name. When Mr. Mahon retired from the leadership of the Miners’ Federation he received a gift of £5OOO. The real source of William Abraham’s fortune, however, was a chance investment of £4OO in a Welsh industrial business. During the war this concern paid such substantial amounts into its reserve funds that at the end Mahon’s -share amounted to £l'9',ooo. Abraham was also a director of a Scottish insurance society, first merged in the London. Edin- , burg and Glasgow Co., and later in the Pearl Assurance Co. When the amalgamation came about the Labour leader received a good bonus upon his shares and compensations- for the loss 01 his directorship. Tn fact, Mabon is an excellent example of a Labour leader who “made good.” Genial, honest, hard- 1 working, he deserved 011 n- o t.