The Sun.
London, England, 1841-05-03 00:00:00

EVENINf EDITION -5
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vessel I would give him 2001. in cash, and advance him—,
&utlicient to purchase a quarter of a ne vessel, which:
he was to have the command of on his lcl igttirin.
was regularly agreed to between us upon the,tiostr-perfect
understanding.
On my arriving at Liverpool I proeeederhro I:lmdousL
and chartered the Dryad out and home. lin pled 114N/41,:
brother Patrick et this pet iod that Loose and myself had
agreed to destroy the vessel, on purpose to defraud the
underwriters. He consented to btcome a party in the
affair, and filled up bills of lading for goods to the amount
of 7151. done in the Aliia.-ice Insurance Office, and 6981.
done in the Neptune.
The bills of lading signed by Loose were procutei in
the following manner :—I bought two sets at Livespoel,
and Loose signed them blank ; I then brought them to
my brother Patrick. Before the Dr3adsai e 1 Inim Liver-
pool, I proceeded to insure as fillews :-2,000/. on the
ship, with Messrs. Howden and Ainsk,, and 3001. on
the freight with the same; 7001. wish Seldon and John-
son, on the ship and outfit, and 7001. on the freight out
and home; with Lyndril and Hall, 6i.:0/. en the ch.rteted
freight; and with Bahr, Behren, and Ce. SCO/. en the
ship, at Liverpool. Loose, also, to my knossledfze,
effected 150/. at Liverpool on his effects, and 1001 in
London.
The Dryad sailed from Liverpool September the 7 1.,
and I had no letter from Loose till the 25th of December,
when I received the protest from Falmou'h. 'pi Jamaica.
(Here Michael Wallace enters into detieli impliewing
other parties in the transactions with regard to the destruc-
tion of the Dryad, which details ate. of altogether
exclude, and which may have been fabricated a ith a view
to diminish the atrociousness of the plot by dragging others
into participation.) Nothing of consequence; occurred till
July, 1840. One afternoon I came into my brother's
office, whet' he showed me a large bundle of meta which
Mr. Frost, Loote's executor, had left for me. We c::-
amine4 them, and found that all the cargo bad been saved
but the salt, and had been sold by the Vice-Consul. It
appeared to us that the net proceeds from the cargo saved,
amounted to about 1,500/., which 1 know nothing emu!.
The wreck of the vessel, Kith all the stores and cahles
was sold, and the bill that was found in Loose's posession,
appeared to us to be the salvage of the vessel. Tire bill
was drawn on a house in Liverpool by a fore'gn name,
which I forget, and was indorsed by the Vice-Consul, and
handed over to Loose by him.
The papers were taken by me to my house in Trede-
gar-square, and were destroyed on the night any brother
was taken into custody. The papers set forth that Loose
had been accused by his crew befcre the Spanish autho-
rities for casting away the vessel, but was released from
custody. This is all that I can think of relative to this most
unfor'rnatc affair, and is all truth, as I shall ansaer to
God. MICHAEL S. S. 'WALLACE.
Newgate, March 23. 1841.

Ad lition to my former statement made to John Pink. Esq.
Alderman, respecting the money I defrauded the Under-
writers of :
From Mutual Indemity Company...
From Howden and Ainsley 1.590
Seldon and Johnson 1.284
Liverpool Ocean Company 458
Goods, Lyndall and Hall 667
Casb from my brother, being a balance from Al-
lianco Company

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