Financial Ruin
Rea's sacking was followed by litigation, mainly (but not entirely) in the Court of Exchequer. This was ultimately partly resolved by an arbitration by Warine Falkner and Edward Kendall with William Knight as umpire. The result was to leave Rea financially ruined, with his property mortgaged to the Duke of Beaufort, to whom he ultimately surrendered it.
Read more about this topic: William Rea (ironmaster)
Famous quotes containing the words financial and/or ruin:
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)
“We do not really feel grateful toward those who make our dreams come true; they ruin our dreams.”
—Eric Hoffer (1902–1983)