The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-26
ZINC Late Austrlan HANK Forgeries.

The Late Austrian Bank F0rgeries.
CouNTERFElTs ON THE NATIONAL BANK or AUSTRIA
FIRST COUNTERFEIT ON THE BANK or ENGLAND
FRAUDULENT NEW ENGLAND BANK, MA1NE-AF-
FIDAvITs IN THE AUSTRIAN BANK FORGERY CASE
SUPPRESSED, ETC.
TO THE EDITOR or THE HERALD.
The most important Investigations that have taken
place in century in relation 10 paper money have recent
yoccuped police and the liberal and extern
sve publication of the evidence should be made, in order
wake up the sumbering interest of the good natured,
humbuRged public
II appears that the counereits the National Bank,
AUSTRIA were engraved and printed in this city and that
they manufactured precisely in the way that
the first countorfes the Bank OF England
featured just one hundred years ago. Here lhefacts
The Austrian bank note was cut into rs many separate
pieces there pictures composing it, Each pcccor
picture was i'n taken to the best ensFav'Fs 2 the city
wrong. bank note printer then employed, at
larry Of Sl5 per week, to print the separate plates
after the other, pieces Of paper forming the requisite
combination OF embellishments Tho ingenious rogues
had nothing 10 do themselves except the Uing up with
pen and ink.
IS Il matter Of history that the notes the Bank Of
England circulated for sixty i've years previous 70 l5s
without attempt to counterfeit them and that III that
year Richard William Vaughan, Stafford hire linen
draper, manufactured the first counterfeit ~ this way viz
lie cut 600 note into as many parts as tho various
pictures and wordsof which composed would per
NIT and these he caused 10 be engraved by the best
gravers in London separate plates nj different times
and places In like lie procured the printing also.
Tins without executing stroke az labor himself he pro
cured counterc to the number 81 twenty engraved and
printed by the best workmcn without the least suspicion
thor part II appears that he ulcd up, signed aud dc
pos ted them in the hands Of young ad5 70 whom he
was attached solely as an evidence q ms wealth. ana
through her they circulation, una found
Their way The bank causing great commoton not only
IN the bank but throughout az England Vaughan
detected, tried, convicted aud executed becoming the
FIRST martyr TO Insecure system Of constructing bank
notes. which has been the ruin OF thousands uron thou
sands since.
one hundred years have passed since them and the
first step has been taken by the prevent the
occurrence. There - scarcely a bank note IN circu.
latlon this country that cannot be counterfeiied
in the same manner In fact, our bank note ongaycrs
adopt the very 8ystom invented by Vaughan, VIZ:
procuring the various vgne'tes, titles and ornaments,
engraved on separate pieces Of steel ami subsequently,
combining them. Vaughan was hung for the invention,
but now our original notes are manufactured on his plan
of producing couptpreis. Thus IL actually appears that
whole system OF manufacturing our paper currency
system Of counteTieitug IN its very nature The bills Of
bank counc.ics IN some respects of the bills OF
other banks Nay, IL not very rare that We find the
Of the kind of bogus swndnA exact
fac s,aies good banks being the work of the
engraving firm, with tue same dies
II would be difcu task to demonstrate that all Of
fetal action taken by the various aud successive Supern
iendents tie Bank Department Of the State Of New York
IA relation 10 engraving have directly or indirectly
tempted, encouraged and aided countcrieters;
L. BY having the notes Of all the banks alike In pictorial
arrangement, enabling couIterciter 10 make one plate
merely
changing the Title and location
. Using tho state arms on ali notes of all donomina
tous saving the countercitcr the trouble Of engraving
THIS part OF a note more than once.
8 ordering the particular location Of tho arms to
designate the dcnominatona vaue, ('Ihus, on an 2Os
aud upwards Il must least inch and half from
eilher end -ahle millions Of dollar in cir
catou with the state arms located there, cabling roges
alter such notes 10 Dos and zoos, and prove that u
they not such IN reality they Ought - b. such accord
ug 70 the rules q inc sagacous superintendent d The Ne~
York Bank Department
Tie Bank ~.nrorrsndcn % ihs State has cnre control
by law 81 All engraving and printing Tor tho paper
money Of this state. He Is required by law
retain IN his custody and under his control all
dies, plates and materials, Sc. and though he
may ana know that some q the dies were used %
make tho psats for the late fraudulent New England
Bank, Maine, Il "a not hscy that hs VII say anything
about i bis annual report There IL such bank
the state OF Maine tue New England Bank bat there
Is such bank IN Boston, Mass. Now, IL Is very likely
that The nalor part the $500 900 of tho sranducnt
Maine his viii be nicely altered, thus,-Aane VIII be
erased ana Massachusetts, substituted ana Boston viii
take the place OF Paramount may b. Tia, the
Ultimate intention Of the orignaprs, IN order 20 extend
~ circulation Of the New England Bank Boston, without
The wspapors say that this the occurrence OF
the KIND. But any might have seen ~ any bans nalc
IL, any ior the last fifteen years, that los
COS, 20 and 1908 Pantrs iank ~ Icnncsse were -
tanned BY fraud And well KNOWN that United States
Treasury not Plate q tie Denomination OF hye hundred
dollars obtained by CountcfietGr. There nothing
strange III all this. Accidents will happen 10 the best
regulated families" The president ~ The consolidated
firm advcrtsfs In n card that this View England Bank
matter occurred before the Consolidation consum-
inaied. But does nat follow thar the thing may
not again. The countercits the National Btnk
Austria, prove that occur, AMI that ton, without
conn fomising the integrity OF the innocent workbench
The truth that every carrying business is glad
10 e., business, and the already established may
cycrSep the bounds Of caution with safety Than he
who Is struggling for good reputation.
II Is absurd 10 pretend to engrayc for but
good hanks, since draw the line between
u good aud a bad We're IL not for the profits
arising from the work of whst the papers call
BOGUS one horse swindiing concerns, no bank note
engraving firm could paw expenses, now organized
and managed The work &c a large bark, Ike the smc
rican Exchange Bank, New YORK, costs tho engraver
large Gums for vgneitcs. &c lint when they get
order for the American Exchange Bank Washington. G.
The price IL precisely the same, and the whole IL
clear profit because the dies, title and ALL ready Al
hand.
Fashion has much g. 10 with bank notes with
lady dress Security hos - 10 with Tie
than warmth and comfort "a the other. II Is the fash
20 have notes printed IN many conrs ono
the tor 81 other Though coVSsericrrs rcaping
rich harvest passing OF their old frauds IN dresses
the cngrnvcrs will BE- likely 10 discourage the
extra foolish expense than tie manufacturers of
huoYcd skhts recommend their abandonment. The
qnack doctor don't bis patients cured too quickly.
for then he would have no market tor hts medicines.
Sonse cf the aflidayts have been suppressed this
Austrian casc pray Mr. Eiior, LEI us have the
umns ~ tile NEw YoEK HERAip toll report 81 tho eyi
dencc concerning the countcrict on the National Bunk,
Austria W. !. ORNSBY.