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: EXCHANGE SCANDAL

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EXCHANGE SCANDAL ys it is understood that a memberofthe ;e haa absconded to Spain, leaving onsiderably over he is wall connected, there is a possibility i come to the rescue, but there is. • r- i-o iear that the case resembles the ill some very disagreeable par- most remarkable featuie in the J-no member of the Stock Exchange has the estate of the absconding per son, D" > all his differences' previous tu hia departure. Those who have transactions open wuh him for the account of April 15 are in a r.t+Ler awkward position, as undi-r the eircum- he cannot be dfclared a defaulter until t:c Jate." The Daily Telegraph says: "The diffi- c- :t:P.8 of a member of the Stock Exchange have bo en mentioned during the last day or two, and it i has now transpired that he has disappeared under peculiar circumstance. It is alleged that, in I- addition to appropriating the securities of clients for the payment of differences in the 'House,' he has for the last two years deposited forged trans. I fers with various companies, so that there is a prospect of serious complications. At the last settle: ment all differences were paid by this broker apart from one bargain, which had not been checked in the usual way and was disputed.The liabilities, chiefly dun oDhide, amount to £ 170,000,and it is believed that the estate will yield very little. The debtor has occupied a high social position."

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