Net worth of $3 million
Grant, is his Grant's Interest Rate Observer (Oct. 22, 1984),
wrote of Maxwell Newton: "By 1977, his net worth, which was $3
million or so at the top, and he was re-building his fortunes in
pornographic books and sexual paraphernalia.
'He borrowed $10 from me'
day Melbourne Observer Editor Ash Long takes up the story:
"On the weekend before Easter 1985, the company I was working for
at the time (Victorian Media Corporation) was drastically in need of an
ijection of funds. A chance call to Bewton, in Connecticut, saw me on
board a Qantas 747 within 24 hours to see if those funds could be
obtained through the help of Newton.
"First, we travelled to the local Ford-Mercury-Lincoln dealer, where Max and I moved across to his newly-serviced Lincoln, for which Olivia had told Max had done some deal. Max borrowed $10 to fill up with unleaded gas, and we were on our way. Newton had pride in showing me houses he had purchased on his earnings, included in which was a $150,000 annual salary from the New York Post."
Living in most affluent county in the US
prided that he was flying out son Antony with wife Mary and their two
boys. Antony had worked Max in distributing his Canberra Post giveaway,
and had farmed at Berrima in New South Wales. Max said that he had left
Australia on November 14, 1978, with Olivia - and $5.
"The Fed - a book he had published The New York Times Books - had sold well with 130,000 copies. He was doing well on the lecture circuit including work with Lockheed in Los Angeles, Zurich, New York, London and in the Bahamas."
Ash Long continues: "As we drove, Max had to take 'piss-stops', which he said, were caused by his diabetes. He took a capsule which he said was 'lithium nitrate', a metal which he said took away depression and fear. He told of his days since as a member of Alcoholics Anonymous, and that he had recognised God.
"We lunched at Harpers, a local restaurant, where I confused the Americans by asking for a gin squash. Newton was satisfied with a tomato juice. We discussed possible financing for my Australian company including names of brokers, contacts at banks, and other possible sources fo dragging us out of trouble.
"Newton recalled how he had obtained funds from Marrickville Holdings, from doctors, and from a finance broker in Melbourne."
Electronic mail-boxes in 1985
Towart Lodge. 607 Toorak Rd, Toorak
"Back at his home, Newton's home included facsimile, four computers with 'Wodstar' programming and facilities for electronic mail-boxes for subscribers to his various news services through 'MaxNews'.
said he was contributing not only to the The New York Post, but
also three columns weekly for the Sydney Daily Mirror, and one
each for the Daily Telegraph and The Australian, as well
as The Times in London.
Death in 1990
From The Australian. July 24, 1990
"Max turned his mind to Australia. That previous weekend he had revealed making undercover payments of cash to a Premier (Robert Askin of NSW), and he had been interviewed on Good Morning Australia, and Terry Willesee's TV program. Former Sunday Observer producer John Brook was producer at GMA.
"The last contact that I had was a return Christmas message in early 1986 with Olivia writing that Max was slowly recovering from a stroke.
Max Newton died on July 23, 1990, at the age of 61. We gathered at St John's, Toorak, for a Thanksgiving Service on July 27. Speakers included Alan Armsden and Jim Marrett, who had worked for Max at the Sunday Observer.
Federal Reserve: Handmaiden of Tyranny. Video of Maxwell Newton.
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