The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-12
WARRANT FOR PROMOTER
ORDER ISSUED FOR THE ARREST OF
WHITAKER WRIGHT,
Who Was Director of the London and
Globe Finance Corporation, and
Has Fled to the Continent.

LONDON, March ia warrant for the
arrest Of Whitaker Wright, director of the
London and Globe Finance Corporation.
limited, was issued to-day. Following the
order issued yesterday to the official receiv-
er OF the corporation by Justice Buckley,
Of the Chancery Division of the High Court
of Justice, to criminally prosecute Mr..
Wright, a summons for the latter was OBJ
tanned yesterday evening, but when an off,
Ger went to his residence to serve ii he was
Informed that Mr.. Wright had gone to the
continent on account of his health, hence
the issue of the warrant In the House OF
Commons to-day Swift MacNeil, Irish Ma
tionalist, asked Home Secretary Ackers-
Douglas what steps were being taken to
prevent Mr.. Wright from escaping justice.
The secretary declined to answer such a
question without notification.
The London Globe Finance Corporation.
of which the late Lord Dufferin was the
nominal president, went to smash on the
10Th of December, 1900 The crash was, in
measure. provoked by the Boer war and its
attendant financial stringency, and when
the concern failed thirteen brokerage firms
went to the wall. The firms compelled to
close out their affairs were: Haggard, Hale
& Pixley. Gale & Driver. Douglas. jr. & Co.
Cornfoot Bros, +. A. Cohen, Blackey *
buckingham, Gum Il Aubrey, Richards &
Sloper, Baker & Smith. +. c. Wells & Co,
Flower & Co. F. Boully & Co. and Bar
tholomew * Jack.
The real head of the London and Globe
was Whitaker Wright, who arranged all
the reports made by the president and all
the other officials. The ostensible purpose of
the London and Globe Company was to IA
cilftate investments by the shareholders in
various enterprises, ranging from mines de-
veloped and undeveloped to street-railways
and water works. So long as Whitaker
Wright kept his or rather the company's
funds invested In concerns far away the
shareholders appeared satisfied. but just be-
fore the actual trouble began IL was re-
ported that the London and Globe had seen
fit to invest about 50. 10000 In the Baker,
street and Waterloo underground railway.
This was in London, and gave the share
holders something substantial to figure on.
and they could see nothing beyond prom
ises. Then came stories OF falling prices in
west Australians and In the Canadian hold
inss of the company. and no end of sub
sidiary concerns organized by Whitaker
Wright and then sold TO the London and
these concerns he formed for the sole pur-
pose of putting the stocks on the London
and Globe books and Withdrawing the
equivalent in funds to start other schemes.
When the smash came the London and
Globe had invested I'm various enterprises
over SIS, ZOO. 900. How IL had all been done no
one but Whitaker Wright seemed 10 know.
and Lord Dufferin frankly admitted that
while he was technically responsible for IL
all he knew nothing of the company's af-
fairs beyond what had been told him by
Whitaker Wright. 1t is more than likely
that the prosecution of Whitaker Wright
on criminal charges will bring 10 light new
features of gigantic venture and a gigan-
tic failure. that In more favorable times
might have been a success.
According 10 Whitaker Wright's wife he
went TO Egypt five weeks ago for his
health She says she Is convinced that he
will return when she informs him OF what
has happened. AS the House of Commons
was rising tonight Home Secretary Akers-
| Douglas announced that II was the govern
ment's intention TO bring Whitaker Wright
to justice.