The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1903-03-16

u AA&E4A ~ BE GEl4aALACA Va NA4SAA NDA%AAG~-
ton with me. They lost great deal Of
money, as we all did, but that is the
risk one has to take in such business
affairs. They as well as myself are as
innocent of fraud as are the official
prosecutors of the crown.
In making the trip also took my
health into consideration, thinking a
journey OF several months would re-
store me to the vigor Of a couple OF
years ago. I have naturally been wor-
rying a great deal over my affairs, and
have devoted a great deal of hard work
to my efforts to assist in clearing up
the tangled condition OF the Globe and
other companies. I am far from being
broken down, but / regret that it will
not be possible for me to continue my
trip mainly on this account"
NrIch:'s tareer tn London.
The financial crash of the companies
floated by Whitaker Wright came in
December. 1900. There were eleven of
these, including the parent company,
entitled the London & Globe Finance
corporation, with a total capitalization
of $685. 600 Wright was the manag-
ing director.
Few millionaires lived in the same
princely style as Whitaker Wright, In
Park Lane. London. he had minia-
ture palace, in the drawing room OF
which was a copy of the famous Cab
met du Roi of Louis XIV. II took three
years to complete the palace and the
cost was thousands of pounds. At
Godingham he owned a country seat in
identifying which 600 workrnen were
engaged. 1t contains costly fountains
and statuary brought from Italy.
Wright's stables alone cost a small
fortune. They have upholstered oak
and leather settees and polished gun
metal fittings, while valuable paintings
and has reliefs adorn the stalls. His
private yacht was fitted up with similar
righteousness, and at one time he was
credited with the intention of construct
ing a racing yacht to beat Sir Thomas
Lipton's Shamrock.
One of the victims of the crash was
the late Marquis of Dufferin and Ava,
formerly governor general of Canada,
and British ambassador at Paris. He
consented to be chairman of the Lon
don & Globe and had $4,000 shares of
the different companies. With Lord
| Dufferin on the board of directors were
also General Cough Calthorp, who was
colonel of the Fifth Dragons, and Ed
ward William Pelham, Clinton, master
| of the late queens household and son
of the fifth duke of Newcastle. When
the crash came Lord Dufferin was Sc
verely censured for his connection with
the Wright companies. He declared his
position and won the sympathy of the
country. His wealth, at one time large,
was believed to have been swallowed
up in these companies.
| Much American money was lost in
the failure of the Wright companies
There was a great cutlery against the
attitude of the authorities in not prose
cutting Wright and his fellow directors
of the London and Globe. and in Janu-
airy last petition was circulated on the
London stock exchange. signed by
many influential men demanding the
prosecution of Wright, as it was con.
sidered that the credit of the city anG
| of the London stock exchange demand.
/ ed thorough investigation. A funt
| of $4,000 was rised to initiate the pros
ecution. Arnold White, the author, a.
a meeting said the reason the prosecu
| ton was not undertaken by the govern
ment was that the directors of Londor
| and Globe were sheltering themselve:
| behind members of the royal family. HI
| added that he understood a royal duke
had invested his money in the concern
and he believed that certain hangers
on at court" were using the name of thu
| king and others for the purpose of hid
| ing their own nefarious deeds. Other
| speakers at this meeting declared tina
| the stockholders OF the London ant
Globe were victims OF one of the mos
terrible heartless and gigantic swim
dies of the present age" On March Il
action was taken against Wright. Jus
tice Buckley in the chancery division
of the high court of justice made an or
der directing the official receiver, al
liquidator Of the London and Globe
Finance corporation Qimited) to prose
cute on a criminal charge Whitake
| Wright, and utilize the assets of tn,
London and Globe to pay the costs o
| the prosecution. The following day
warrant for Wright's arrest was issued
When the police officers went to hi
home he was informed that Wright hat
gone to the continent on account of hi
health. The same afternoon the Irisl
nationalist, Swift MacNeil, asked tn
home secretary in the house of com
mons what steps were being taken t
prevent Wright's escaping from justice
10 h. ota1
that the government intended to brin!
Wright to justice.