When was it published?

December 12, 1845 in The New York Herald

Domestic News December 12, 1845

The New York Herald

Q: What keywords are associated?

Sir Allan Mnab, Western Railroad, Stock Speculation, Financial Misconduct

New York, New York County, New York

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What is this article about?

Toronto Examiner reports Sir Allan M'Nab, special agent for Western Railroad, allegedly appropriated and sold $50,000 in company stock for personal profit of £7,500-£10,000, potentially indictable as misdemeanor.

Clipping

OCR Quality

95% Excellent

Full Text

SIR ALLAN M'NAB.—The Toronto Examiner, in noticing the arrival of this personage in the Britannia, takes occasion to say that he had appropriated $50,000 of the Western Railroad stock to himself, which he sold out when the price was high, and pocketed by the speculation between £7,500 and £10,000. We trust this report may turn out not to be true. Sir Allan was the special agent of the W. R. R. Company. Upon the authority of his statements, as the Representative of the Company, the stock acquired value in the English share market. If he has turned this to his own advantage we question whether he could not be indicted for a misdemeanor.

What sub-type of article is it?

Economic Crime

What keywords are associated?

Sir Allan Mnab Western Railroad Stock Speculation Financial Misconduct

What entities or persons were involved?

Sir Allan M'nab

Where did it happen?

Toronto

Domestic News Details

Primary Location

Toronto

Key Persons

Sir Allan M'nab

Outcome

pocketed by the speculation between £7,500 and £10,000; question whether he could be indicted for a misdemeanor

Event Details

The Toronto Examiner reports that Sir Allan M'Nab appropriated $50,000 of the Western Railroad stock to himself, sold it when the price was high, and profited. He was the special agent of the W. R. R. Company, and upon his statements, the stock acquired value in the English share market.