Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-08-08
ENGLISH MONTE CR|S|O
Suit Brought Against Whitaker
Wright for the Sum OF
$4,000.
--------
Angry Creditors Want the Motor.
ious Promoter Brought
Into Court.
Disgrace Of His Transactions
Killed Lord Dufferin-His
Career.

/ London, Aug. S.-Whitaller Wrigh
: the promoter of visionary financia
schemes, and who used the late Lor
Duiferin as a fgurehead for the enter
prises. has been called into court to pa
S15o.0o0 TO creditor of one of the de
funct companies.
Whitaker Wright put forty one com
panies on the London market. Tn
aggregate capital stock was Sill, I15,
ooo. The public, gulled by the pronf
Uses of large dividends, invested some
thing like Sl0O,O00.0o0 in these schemes
They ali failed, the creditors receiving
) cents on the dollar, the shareholders
nothing.
Lord Dufferin. former governor gen
| eral of Canada and who had been am
| bassador To RUSSIA and Turkey anC
several times a member of the cabinet
WAS induced by Whitaker Wright to
lend his name rs president of the Lon
don and Globe Finance corporation, the
company which was supposed to
finance the enterprises in which the
public was invited to invest. 1t was
Lord Dufferins name and his Well
known personal integrity that induced
the public to invest millions
When the crash came Lord Du!fern
was ruined and altho no blame could
l., Ii,
the blind tool of Whitaker Wright, he
sank under what to him was a disgrace
and his death, which followed a few
months ago, was attributed directly to
his connection with the bankruptcy of
the company of which he had been the
president.
The compulsory liquidation of the
London and Globe Finance corporation
was ordered on Oct. 80 1901. Since then
there have been insistent demands for
action by the public prosecutor. A spe-
cial petition has been circulating on the
stock exchange and signed by many i'm
tluential men demanding the prosecu-
ton of Whitaker Wright. as ii is con-
sidered that the credit of the city and
the stock exchange demands thorough
of the London and Globe
methods of finance.
Whitaker Wright is one of the most
noted of the meteoric financiers of the
many who have filled the public eye.
He began life as footman and friend
less. an ordinary mining SPECTATOR.
But he had suavity and a genius for or
ganzation. He formed Il number of
and made money rapidly.
I,
Dufferin TO accept the craftsmanship of
the London ana Globe Finance corpora
toin This gave the public confidence
and Wright made millions so rapidly
that he had hard work in spending 1T.
In England Wright began to be called
the modern Monte Cristo.'' He bought
an estate in Surrey and planned SER
les of alterations requiring twelve
years to carry out.
When he entered into possession of
the estate q large hill in the center of
the park was a source of great annoy
ance to him, and he forthwith had 1T
piecemeal and erected in an
other part of the grounds which he
-hought more desirable.
Just as readily as he whisked hills
ibout, so Mr.. Wright made and unmade
axes. and one which he had constructed
S certainly Il novelty, # Il somewhat
,os.ly one. 1t is situated at some dis
ance from the house, and beneath it a t
arge cavern fitted with glass roof |
,as been built. This concern IS con-
iected With the huse by a sub.erranean
passage, ana in hot summer days
ormed a favorite retreat of Mr. I
WIT hi hot p,.t Of t,.rt
ulden collapse of the glass would Ia 70
lad can better be imagined than de-
cribed.
one of the features of Lea Park is a
magnificent Italian fountain. which Mr. 4
Wright saw in the court yard of an old
Italian palace and promptly bought,
aging the owner his own price Two
lays after ii had changed hands it was
n board one of its new owners yachts,
accompanied by several Italian masons
I'd sculptors, on its way to England
his is merely one instance of Mr..
Nright's extreme way of securing what
e wanted. When he desired anything
o improve o. beautify his estate he
orthwith bought it, paying almost any
rice TO crafty his desire
The grounds at Lea Park abound with
rottos and summer houses, nesting in
ecluded corners among shady trees,
lille almost priceless marble statu.lry
; to be found everywhere One piece
{ statuary which Mr.. Wright took {,
ancy to on his travels is Il gigantic dol
hin, Weighing over thirty tons, when
ad to be transported to its site By
faction engines. no railway being Wilt
lg to attempt to carry it,