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:
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