Arbuthnot & Co. was a mercantile bank, based in Chennai, India. It was founded as Francis Latour & Co in the late 18th century, and then became Arbuthnot De Monte & Co. It failed spectacularly on 22 October 1906. Prior to its collapse, Arbuthnots employed between 11,000 and 12,000 people, had 7,000 creditors and £1,000,000 in liabilities. Arbuthnot headquarters on First Line Beach was replaced by a multi-storey building of the Indian Bank. #besurprised #Historytoday #Chennai #Madras #History #ArbuthnotCo
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