THE LATE PROFESSOR HOLLOWAY.
The death of Vir Holloway, the well-known manufacturer of patent medicine, recalls the career of a re- ! markable man. Starting in life without fortune, he has died at the ripe age of eighty-three worth nearly live millions. A master of the art of advertising, he succeeded in persuading millions of his countrymen that the harmless compound known as Holloway's Pills was worth the nionoy he charged for it. In this way he laid the basis of his fortune, which he increased largely by judicious speculation. Though the rigid morslist may take exception to the way in which he puffed his pills, it must be. owned that he has put his wealth to good use. No Englishman of his time, no other Englishman, has spent onehalf — we question if there is one who has spent one-fourth — as much upon charitable objects. He has founded and endowed a college and a sanatorium near Egham, the one for the education of women, and the other for the use of persons of eithter sex suffering under mental disorder, the ulterior object being the forma ion of a school for the special study of mental ailments. These two institutions have cost him considerably over a million, and it is understood that he has given away, or devoted to public purposes, during his lifetime, nearly two millions of money. The bulk of his fortune, too, goes to the public. In this distribution of his wealth he has set a noble example. Let us hope that it will be followed by other millionaires. How greatly the late of Mr Holloway appreciated the advantages of publicity is shown by the enormous sums he spent in advertising. Year after year he increased his expenditure in this direction until it grew to an amount exceeding £45,000 annually. Some exaggerated statements have been made with regard to the property he has left, but according to the Press Association the personal property will probably be sworn under £1,000,000.
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Inangahua Times, Volume IX, Issue 1368, 29 February 1884, Page 2
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330THE LATE PROFESSOR HOLLOWAY. Inangahua Times, Volume IX, Issue 1368, 29 February 1884, Page 2
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