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E. W. Holbrook & Company was a New York City dry goods firm which became bankrupt in July 1883. Located at 51 Leonard Street, near Broadway (Manhattan), in Lower Manhattan, the business was among the most well-known of its kind. The company, led by Edwin W. Holbrook and three other directors, was in debt in the amount of $750,000 The failure was attributed to losses involved in the operation of its three cotton mills. Holbrook also lost $500,000 on Wall Street (Manhattan) in speculation. During the week of E.W. Holbrook & Company's insolvency, 162 other firms in the United States failed. ==Director mismanaged finances== Holbrook owned Grafton Mill at Grafton, Massachusetts. He was president of the Springvale Mill Company of Springvale, Maine. He was also one of the principal officers of the National City Bank, a director of the Delaware, Lackawanna & Western Railroad, Western Railroad, and a member of the Union League. As an insider with the Delaware, Lackawanna & Western Railroad, Holbrook once profited by purchasing its stock for $80 a share and made a profit of $100,000. This led him into risky ventures as a margin (finance) buyer, and he extended his business operations on margins. When stock prices declined in the days prior to insolvency, Holbrook was unable to pay $40,000 which he owed stockbrokers. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「E.W. Holbrook & Company」の詳細全文を読む スポンサード リンク
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