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Updated: May 10, 2025
The failure of the Bundelcund Bank which we now have to record, was one only of many similar schemes ending in ruin. About the time when Thomas Newcome was chaired as Member of Parliament for the borough of which he bore the name, the great Indian merchant who was at the head of the Bundelcund Banking Company's affairs at Calcutta, suddenly died of cholera at his palace at Barackpore.
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