, 1873-03-27

tOtlOtH to Httn Tim INngt bnfrr 1Inub1n tn
or b{lo, loubtloss consianro;I itaof oyaytnotch"1
mid f]iHcretinn }iin hnttnr ,,nrt n vo7or
-s-
rur Iscr nru, rnnrrnv
1hE LAo NEW FofdEh1.
From, thc london Spectator, March 0.
This iaut forgery Oh tLa Banke Of Of England ia
osssful, tint has IL tllis country boon attempted
Tlloro WAS brain put into tic work, as woll %,
Tho forgor, whoever no was. or rathor his en1-
ployor, for thoro muat hhyo baou many peraong
ongagod, aoon,s to have put to himself D queB-
tion Of this kind Who In tho world, II pos-
segsod Of tho foreer's mechanical skill or tic
moaun Of socurnt, It, could foreo mort ensiiy ?
Clearly cty 1napnato. a rnnn nec,1etomed to
trnnsact targo b,lsf1loHg to draw many clocv. to
discount many bills, Jhoroforo it is nooiflll
TOR tho torger, II l,o ,nettatos fergo operation,
nnfn, In nnnn r. H Hao,i,I i n,onrut viii, b IN
Dank nj tSnrIand ,ncst auan,cnmn ~ iii h,n1,a
nt frst. Int mnat s,1,"tf" ~ tr%nr t'a, o"uMn III
Ia right. to do much roal business. md
tn lisenmnt .nonv roa h;ila ir,asa tn;n, ,,.ara
ouo nntii tin Xan1s hacn,no nns,nnin69,a nv,
thon tho n,cafinn a,oao ,vl,St IL Il 1nnat nrost.
abIo to forro? iva ehonld annrer tint 1ncaton haitian
yory tlfarent]v from ile forror FIR Il hoa oiraya
orI nra rorchcnsv siiiv r. ta faci,ito. Va that l
flinv nfror tn tl,iu art t}nt ta;r lonta nro .o"
clumsy nroira. md tbat fnrror viii, ro'i,,a on3
in tlo gu1,rnoaed noaiion of ihia nno Einht @ imrt
aftor ao1ao ::diydond day-that it, practically IN
Of fictitious government securities, If toy o1,oo
passed. mustor, Wit test could or would bo m
plied for five months? This forgor, however,
did not think 30, hut portapB from Holno lurking
inrcl, moro diflcult rl:-. Of forging tho accept
auces Of Eront city ho1ses, which ho dopositod
with tho WeBtorn. branch OF tho Bank of Eug-
land. II. thcy woro accepted for discount, vol
and good. ho would hayo tllroo months in which
to disappear; and II they were roiocted,.wo and
banlers being very unwilling to oxplnln thotr
reasons for rejecting sectlrlties. Consequently,
DO forged tho aecoptancoa Of tho greatost firms
in London or tho world, aud, but for tho accident
hnyo nbHconded with half q million. Tile Bank
aent tho dato to bo roctl{lcd, and tho imposition
was detected. So good, however, ,Ycro tho
forgories TINT tho firms themselves could only
dot! detect them BY referring to Their books, and
:f50,000, which lie invested ii United States
bonds, probably ns tho most portable method Of
dispoaI1lg Of Its p!undor, aid tho investment
which would excite leaat suspicion in tho bank.
IL thiu parti9;ar, oase tho method Of dis
tion; London bankers havo been romiaa IN their
methods Of Rolf-<iofensc. II OH receipt of bill
they advised Tho hccoptors TINT s1lcIl document
had boon proaontot for discount, they need not
Re tHo aayb NltuouI lu1ofulatlon Us 10 lts gen
ulnenosa. We can SEQ no reason whatovor against
that rrccaution, as it would be unnecessary to
give the namo Of tho person or firm discounting,
tho accoptor merely receiving sufficient inGicn-
ton to enable him to refer to his booka, as in
this case by accidcnt he did rccoivo. Tho now
rule would add something, but not too much, to
office work, and it would, as far as ne cal sec,
DO q final check on repetition OF
thia particular fraud. Tho forgor would mover
lavo time and would know that ho would
mol hnye timo to got awny, and wonld try some
loss dangerous plan Of operations. Considering
ring Of forCers is ut work, and the immonso flia-
t,,rbanco to business creatcd by single guccosa
Of tho kind, It would bo wcll worth wiic to incur
80 slight n1i additional oxpeuso. II would not.
gory bit It would prevent grand oneration.