The banker does not seem to be aware of how he is not investing his money into the proper exchanges. It seems that he over estimates how desired the product might be. If he took time and did his research he might be able to propose a worthy investment that will give him a much needed profit.
The sinking of Wingate Grange Colliery started in 1837 and the main coals were attracted 1839. Ruler Howden was the proprietor of the pit and was one of only a handful few at the time with two shafts. Two years after the beginning of sinking Lord Howden passed on and his child at that point claimed the pit. The main strike was in 1843 over the utilization of steel winding ropes. A fire in the Furnace Drift in 1847 shut the colliery for one month. The colliery was sold to John Gully in 1861 who additionally put resources into Thornley, Hetton and Trimdon mines. John Gully kicked the bucket in 1863. In 1870 the administrator was William Armstrong senior who gave over to his child likewise William Armstrong.
