The Sun.
London, England, 1842-08-30 00:00:00

CASE X.

No. 6,146-6,420. (5 Bills).
Claimant.—Joseph Paice Vickery, Esq.
Series of Holders.—J. P. Vickery, John Bragg,
E. L. Morgan, Wm. and James Morgan, E. Rapallo.
Mr. Vickery, formerly in the army, but latterly
resident for the most part in Paris, wishing to lay out
a sum of money for a few weeks, on Government se-
curity, applied to Mr. John Bragg, of the Stock Ex-
change (who had been employed as his broker for two
years previously), to effect this for him. On the 14th
of October, 1841, he put into Mr. Bragg's hands
5,0001., to be employed in the way above mentioned,
and on the same day he received from Mr. Bragg the
five bills in question, who informed him that he had
lent the money on the security of those bills to the
25th of November (the period of a Consol account),
and that he (Mr. Vickery) was to receive the interest
at 31 per cent. ; but Mr. Bragg did not mention the
name of the borrower, nor is it usual in these tran-
sactions to do so. The bills afterwards remained in
the hands of Mr. Vickery until the public discovery of
the fraud.

Mr. Bragg had lent this money on the same day to
Mr. E. L. Morgan (mentioned in Case I.), under the
following circumstances :—While he was on the Stock
Exchange, endeavouring to employ Mr. Vickery's
money in Consols, Mr. E. L. Morgan (with whom he
had had no previous transactions, but whom he had
been in the habit of seeing on the Stock Exchange,
and had reason to suppose in very f.ood credit), came
up to him, and after asking him if he was a lender,
said, ." I will give you five per cent. on Exchequer
bills," with which offer Mr. Bragg immediately
closed, as it was a higher interest than he had been
able that day to obtain on Consols (the stock he had
in view), though in the course of that day money
had, in fact, been lent at five per cent. on Consols.
He handed over the money, accordingly, to Mr. R. L.
Morgan as upon loan to the 25th of November fol-
lowing, at five per cent., and received from him the
bills in question by way of security; the difference
between the five per cent. and the three-and-a-half per
cent., payable to Mr. Vickery, being Mr. Bragg's
profit upon the transaction.
The loan was obtained by Mr. E. L. Morgan as
clerk or agent to William and James Morgan, from
whom he received the bills, and to whom he also paid
over the money.

CASE XI.
No, 8,403. (1 Bill.)
Claimant.—Thomas John Margrave, Esq. (for E.
It. Tunno, Esq.)
Series of Holders.—T. J. Margrave, It. and W.
'lichens and Harrison, E. L. Morgan, W. and James
Morgan, E. Rapallo.
Mr. Margrave is a partner in the establishment of
the City Saw-mills, and also agent for Mr. Tunno,
gentleman of large property, whose monies he is
intrusted to receive and to pay, and to invest from
time to time in such manner as he may think proper.
In the discharge of the latter duty, Mr. Margrave,
from the early part of June, 1839, down to the 25th
of November last, was in the habit of making loans
to Messrs. R. and W. Hichens and Harrlton (men-
tioned in Case VI.), arid on the 15th of April, 1841,
there was a balance of 46,6631. 13s. due from them in
respect of such loans, which balance on the 25th of
November last, when the account was closed, had been
reduced by successive payments to 20,663/. 13s. The
state of the account during the interval will appear
from the evidence of Mr. Margrave, pp. 61, 62 ; from
which it results that the several balances which be-
came due between the above dates were allowed to
remain on loans for short periods, continually re-
newed, at rates of interest varying from '2l to 5 per
cent. (as there more particularly shown) and covered
to the full amount by the deposit of various secu-
rities. Among these, Mr. Margrave received from
Messrs. R. and W. Hichens and Harrison the bill
now in question, being one of the 60 bills which they
themselves received from Mr. E. L. Morgan from May
to October, 1841, as stated in Case VI., and this bill
remained in the hands of Mr. Margrave at the time of
the public discovery of the fraud.
(To be continued.)

NIGER EXPEDITION.—Accounts received from
Fernando Po, by the Magistrate, arrived at Liverpool,
state that the Wilberforce left on June 5, for Princes,
and the Op *4,113a time fig Poibri‘