Thomas William Carr arrived in New Zealand in January 1881 accompanied by his large family and, reportedly, with extensive business experience and a large amount of capital. After first settling at Gisborne he moved to Te Aroha in mid-1882, acquiring land in the township and nearby and establishing stores at Te Aroha, Waiorongomai, Quartzville, and Shaftesbury. He was involved in a variety of commercial activities, and invested in local mining. He was also prominent in the community in general, including in the Anglican church. In early 1883, it all fell apart. After being adjudged bankrupt, He was shown to have been careless and indeed reckless in running his businesses; and instead of having large amounts of capital at his disposal, he had started with no capital at all, prompting suggestions of fraudulent dealings. After others acquired his properties and businesses, he fled New Zealand to try his luck in Australia. Others involved with him also went bankrupt, for his bankruptcy was by no means unusual.