Word: howeson
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...known as the "Pepper King," threw parties which were the awe of London and owned a model farm in Surrey on which he raised 600 thoroughbred pigs even fatter and greasier than their owner. In 1935 "Pepper King" Bishirgian joined with his friend "Tin King" John Henry Charles Ernest Howeson in an attempt to corner the pepper market. When a bumper crop threatened their corner, they resorted to a fraudulent stock issue which brought several old commodity firms to bankruptcy, cost the public many a million, landed Kings Bishirgian & Howeson in jail and London's pepper market in thorough...
...millions to British investors (TIME, Feb. 18, 1935). The "Pepper King," an Armenian-born British subject named Garabed Bishirgian, had been accused of issuing a securities prospectus which he "knew to be false in a material particular." Aiding & abetting this crime was the charge against John Henry Charles Ernest Howeson, one time Calcutta jute dealer who changed his name from von Ernsthausen before he became the world's undisputed "Tin King." Third defendant was a Howeson hireling...
Having heard the jury's verdict of guilty, Justice Sir Cyril Atkinson turned to the fallen financiers and said: "You were in great positions. Great positions carry great responsibilities. I should be failing in my duty if I did not punish you." Thereupon he sentenced Messrs. Bishirgian & Howeson to one year of imprisonment without hard labor. That was the same sentence passed upon mighty Lord Kylsant in 1931 in the same court house for the same offence in connection with a scandalous Royal Mail Steam Packet prospectus. The third pepper man received nine months. All appealed...
...King" Howeson had even a more spectacular rise from humbleness. With an obscure jute career behind him, he turned up in London about 15 years ago, changed his name for no apparent reason, set out to impose an economy of scarcity upon the world's tin industry. By the end of the 1920's he was master of a $165,000,000 group of British companies, mainspring of the potent International Tin Committee and a power in Empire affairs. The tin restriction plans which were incorporated in an international pact signed at The Hague in 1931 originated with...
According to one witness at the Old Bailey trial, Howeson's flier in pepper was a complete side-show for him. Garabed Bishirgian was a Howeson crony, and while transactions were for the account of a company headed by Howeson, the pepper trading was done through Bishirgian & Co. Messrs. Bishirgian & Howeson started to play the shellac market late in 1933, switched to white pepper in 1934 with the idea of cornering the world supply. By that summer the Howeson firm was loaded up with some $2,000,000 worth of shellac and about $5,000,000 worth of pepper...