The daily journal. (Salem, Or.) 1899-1903, 1903-03-18
WHITAKER
WRIGHT
ARRESTED
Last Chapter of the
Mining Story
He Lived Like a Prince
While Fortune Smiled
Took a Trip for His Health
When She FrOWned


pany of which he was managing di.
rector. There were ten other compan.
les associated with and virtually con
trolled by the London & Globe all
OF which went down in the wreck OF
the parent company. Wright claims
that the companies were honestly
managed and lays the blame of the
wreck on the Boer war which knock
ed the values out OF the companies
stocks. The first known of Wright In
this country was in 1898. when he
made his appearance in the Northwest
con1nlng his operations mainly TO
Rossland, y. c.
Ey.-Gov. G. II, Mcintosh was his rep
resenta-iye In all those notations. and
It was in the name Of the British Am.
erican Corporation that the various
properties were acquired.
The first mine taken over was tho
famous lie RoI and then the following
properties In the order named: Great
/ Western. Kootcnai and Columbia and
the Josie aud Annie fraction. now
known as the Le Rol No. @ In all
Wright dumped about S70OQ,O0O OF
London capital into that camp with
the lie Rol deal was also included
the Northport smeltcr. with the
crash Of the London & Globe dissen-
siops arose In The British American
Company and os result most OF the
above named properties have been idle
ard the stocks have been hammered
way below par Many OF the London
stockholders were ruined by Wrlghts
manlpulatlons In the camp.
The company owned mines besides
these. In California and Australia, and
had vast interests In Africa.
The financial crash OF the compan-
les fioated by Whitaker Wright came
in December 1900. There were eley.
en- OF these, including the parent com.
pany. entitled the London and Globe
Finance Corporation, with a total cap
itallzatlon OF $6O.675.OOO. Wright was
the managing director.
Few milllonaires lived In the same
princely style as did Wright In
Park lane, London, he had mini.
ature palace, In the drawing room OF
which was a copy OF the famous cab.
met du roi OF Louis XIV. Il tool,
three years TO complete and cost
many thousands of pounds At God
aiming he owned a country seat. in
beautfying which GOO workmen were
engaged. Il contains costly fountains
and staturary brought from Italy.
Wrights stables alone cost a small
fortune. They have upholstered oak
and leather settees and polished gun
metal fittings. while valuable paint
ings and bas reliefs adorn the stalls.
His private yacht was fitted up with
similar luxuriousness, and at one time
he was credited with the patent OF
yacht to race Sir Thomas Lipton's
Shamrock.
One OF the victims OF the crash was
the late Marquis OF Dufferin. previous
ly governor general OF Canada and
British ambassador at Paris. He con.
scented to be chairman OF the London
and Globe company and had $4,000
shares in the different companies.
With Lord Duferin on the board Of
directors were Lieut.. Gen. Cough
Calthrap. who was colonel OF the Fifth
Dragon Guards. and Edward William
Pelham-Clinton master OF the late
queens household. and son OF the fifth /
Duke OF Newcastle. When the crash /
came Lord Dufferin was severely cen
sured for his connection with the ,
Wright companies. but in a frank |
speech to the stockholders OF the Lon
don and Globe Corporation he de-
clared his position and won the sym
pathy Of the country. His wealth. al
cne time large was believed TO have
bene swallowed up in these compan'
les.
Mr. Wright in conversation with a
reporter said:
Il cannot express 10 you my amaze
ment at my arrest II Is an outrage
and those who are responsible for Il
will be made 20 suifer TO the full ex-
tent Of the law The entire charge
against me is technical. and in this
country no one would ever think OF
making H.
III / had believed II possible that !
such a charge would be made | would
not. OF course. have left home. but
after having devoted the last two
years in assisting the o1ieial liquid
alton OF the Globe Company and the