The Arbuthnot Bank Crash
Krishnaswami became known when he was the contending advocate in the Arbuthnot bank case. In 1906, this popular bank crashed and depositors lost huge sums. Krishnaswami played a role in ensuring that the principal partner was imprisoned. The event led to his assisting in setting up the Indian Bank.
Read more about this topic: V. Krishnaswamy Iyer
Famous quotes containing the words arbuthnot, bank and/or crash:
“All political parties die at last of swallowing their own lies.”
—John Arbuthnot (1667–1735)
“Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.”
—Oscar Wilde (1854–1900)
“You crash over the trees,
you crack the live branch.”
—Hilda Doolittle (1886–1961)