He had huge gambling debts, and although the estate had been valued at £300,000 when he inherited it, he sold off much of the policies and when he died the estate was mortgaged to the extent of £250,000.
He had huge gambling debts, and although the estate had been valued at £300,000 when he inherited it, he sold off many of the farms and other parts of the estate to raise funds. Despite these injections of funds, when he died the estate was mortgaged to the extent of £250,000.