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)
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)
“O ship
white-sailed of Crete,
you brought my mistress
from her quiet palace
through breaker and crash of surf
to love-rite of unhappiness!”
—Hilda Doolittle (1886–1961)