Hardluck,
Kyabram is actully in Victoria, but old Mr Dougherty didnt live in Ky, he lived in the smaller settlement of Cooma, which in his day, as it is now, is just a small collection of farm houses on a cross road.
I am a member of my towns historical society, and because Ky is so small we hold alot of records for that town aswell as out own. I found a copy of his will, which was donated to us by a decendant, and it states that when he died he left all of his property and estate to his wife and children with a combined value of 19.157 pounds.
Posted on: December 01, 2010, 01:15:35 AM
I just reread the original newspaper article, and I do believe he didn't loose his cache. He took it out of the bank and buried it for safe keeping, just before his local bank closed. Thus averting a heavy loss! I would take this as him recovering it and using it to survive the depression.
The land boom that's is mentioned is in reference to the years during and after the Victorian gold rush. In 1891 a severe depression of Melbourne's economy happened, sending the local finance and property industries into a period of chaos during which 16 small banks and building societies collapsed and 133 limited companies went into liquidation. The Melbourne financial crisis was a contributing factor in the Australian economic depression of the 1890s and the Australian banking crisis of 1893.
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