The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-16

MY booking was q mistake. l am j.
Whitaker Wright and tho lady is my niece
Miss Browne. Please be good enough to
have the corrections made
When the supplemental list was made
up, the corrections we're made. The purser
said that Miss Browne appeared to be Ill
most OF the voyage and she and Wright
took all meals In their rooms. The two
were never seen together on deck. Wright
however, mingled with the other passen-
gers and seemed to be very much OF
favorite. He smoked many very long,
fat. black cigars Of brand that was very
popular with the few to whom he offered
them
Il has been said that although Wright
was born in England he came TO the United
States several years ago and became a
naturalized citizen. However that may be-
Wright did live in Philadelphia many years
ago. Later he came TO New York and made
q great deal Of money by operating in grain
on the New York Produce Exchange and
on the Chicago Board Of Trade. After
time he went back to London, and he was
next heard Of as a promoter OF gold mines
in West Australia and in British North
America.
One after another Wright succeeded in
forming companies to take over and operate
these mines and before he got through. he
was said to have made not far from Sl3.0oo'-
600. Everybody in London was talking OF
Whitaker Wright and people came up to
subscribe for stock In companies ne pro-
NOTED, as they came up to subscribe 10 r
South African shares in the days of Barney
Barnato.
Wright was taken up by society, secured
membership in some OF the best clubs and
went in for yachting. He built fine town
house in Park Lane and had great country
place. In 1900 when there was no British
yacht to compete against the German
Emperor's yacht Meteor, Wright, TO show
his patriotism, built the yawl Sybarita. In
1898 he bought of Lord Ashburton the steam
yacht venetia. renamed her the Sybarite
and made her rhe most luxurious steam
yacht in British waters as she was the
largest
The London and Globe Finance Corpora
ton, so il was said yesterday, by man
who knows something Of Wright's career
in London was formed to take over the
various mining companies Wright had
foated and for the purpose Of financing
other companies. supposedly such as Wright
should promote. The Earl Of Duferin and
Ava was made the honorary chairman OF
the corporation and other directors, b. sides
Wright were: Lieutenant General. the Hon.
Somerset j Cough Calthorp, Colonel-in-
chief Of the Fiji h Dragon Guards Lord
Edward William Pelham Clinton. Master Of
the Queens Household; Lord Loeb and Sir
William Robinson. The corporation took
over the holdings Of forty-one companies,
with an aggregate capitalization Of Slil,
10000.
Tho shares OF the corporation became
the financial sensation Of London and the
fad of fashionable society The Offices
of the concern were in Moorgate street
not far from the Bank Of England and they
were described as really palatial.'
All went we'll with the company until
December. 1900. Then rumors regarding
Its financial condition went up and down
Bond street, and on Friday. Dec. rs, 1900.
the beginning Of the end came. On that
day several checks Of the corporation.
given TO stock exchange houses in pay
ment for stock deliveries. were returned
unpaid. On the following day the LONDON
and Globe Corporation suspended and an
other South So bubble had burst. On the
tamc day thirteen brokerage firms. in
which twenty-eight members Of the London
Stock Exchange were inter- sted, failed
II seemed III II the financial bottom Lad
dropped out in London. Investors in the
London and Globe clamored for their money
and hurled imprec ions at Lord Dufern.
On Thursday. Jan. o, 1901. an sxtraor-
binary meeting, as it IVES called. Of the
stockholders of the company was held.
Dufferin arose 10 address the meeting.
H.. ,vi, il. -
time before he could get a h' airing. When
he could BE- b, ard he said:
Il was induced Ia accept the chairman
chip Of this corporation 10y Lord Loeb and
sir William Robinson. honored nam.s
throughout our bland ] h. li,vcd il 10 be
great company still believe that We
.hil lofe littl". But. kowcvsr that may
h.. w. shaI still be regarded. hope. a.
honest men.
The iers changed 10 chcers a. the ven
ersblc Earl proceeded When he sat down
uprose Whitaker Wright. He talked away
all doubts mud fears and closed his speech
by saving
The directors have pr acticsiv com
pleted arrangements Nv which the oom-
Tany will room H. on its feet aud sailing
again IN smooth wa,crs. Gentlemen. /
ass for an adjournment until Jan u THE
following M0ndAyl when u plan fur lie
recor,trucii"n II the company. whirh will
inrur IT, future rf'sf'uiv, VII u. suh-
Inittsd
The plan evidently didni WORK, for un
Dc, NJ 1871. ST. justice Mngiu oTd.p.d
no compulsory hqu.daiinn q tie Lind0n
sud tipis Corporation, owing a. he SAID
- Serious allssaiions 81 ffaud a NJ
Bau"s Va, appointed receiver 81 ,lie crm.
tihnv ana be- rRlk.d a uss.tiHg 81 the cfrdi.