The Bank Failures in Newfoundland: Warrants were issued on Saturday by Judge Conroy for the arrest of Sir Robert Thorburn, K.C.M.G., a former Prime Minister and member of the Newfoundland Legislative Council; the Hon. A. W. Harvey, Minister without portfolio in the present Cabinet; Mr. Donnelly, Receiver-General in the last Cabinet; and Mr. Grieve, another leading politician, all being directors of the insolvent Union Bank, as well as of Mr. Pinsent, the bank manager. They are charged with issuing false balance sheets in 1893 and 1894 on the affairs of the bank, and thereby inducing the plaintiffs and others to become customers, creditors, or shareholders, whereby they were defrauded of large sums of money. Bail was accepted in two sureties of 18,000 dollars each, and each director 36,000 dollars. The arrest of these influential men has produced a profound sensation.
Transcribed in whole or part from scanned originals: Presented with or without modified text and punctuation. For absolute accuracy refer to the original newspapers. Source: The British Newspaper Archive
Referenced
GRO1157 Hennock: Charles Speare Pinsent: 1838 – 1914