The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-11-23
INTERESTING INCIDENTS
.,o History of the Bank of
J" England.

,yc,Aa 10 the interest of banks
y, we clip the following:
'D Tbs most interesting period IN
t,.tory Of the Bank of Ens. land
joe from l797 to 1919, at which
'' ~ dne bill passed Parliament
' 'n;,o for lDe resumption of specie
gun During this period the
'!!t had suspended specie payments
/. "a va. on paper basis, a paper
I;eb Aaclua ed somewhat with the
.Ine Of gold, la' gely on account OF
sa Nspoleonic wars and the enor-
,ous debt England at that time
heated.
=, reached lts present condition OF
0,fpction, aud there were many
l.nnterfeits. Counterfeiting az
at time vas capital crime, and
uu;sbed with death. The Edin
u,o Reyies of 1918 in dwelling
NM this futjsct stated that only
iur proseeu,i ms for forgery took
sre lie weon 1888 and 1897, but
tbe equal period from i797 to
m the number increased to 100
hus more blood was caused to
WV for this crime during the last
eriod mentioned than for the so
Psrs that preceded it.
This terrible slaughter is associat.
with the banks issuing small
o,,s IS previous to 1897 ,he bank
mild issue no notes for less sum
IAN IS Ia 1902 the issue of
otes under lhat sum We're SO $780,
No. In the former period 1888 to
Eo7 there were no capital execu-
Hons; in tie later, ll6 occurred IN
bur wears. In 1917 there were
900 forged notes stopped at the
ank for sums OF Il and f2 each;
DO at IS, so at $40 and 2 at go.
hese proportions are given to
ow the denominations which then
mpted forgery; but times have not
hanged much in the mentioned
spect.
So long as the law was left to
Ike it's course and no voice was
ard save that of the victim, the
sce v h ch hung man for FL
IL remained unqaestioned, and 1t
q long time alter before the
pity Of capital punishment was
ealed.
These frrgeries grew so rapidly
}. the hank was OBJ ICED to EN-
by 10 additional clerks merely TO
tect them.
In 1903 MIR. Astlett, cashier of
bank wa4 detected in embez
ing f320, 600; mis- method WAS TO
ind ia the notes which had been
urned TO the bank fer destruc
l, t. tn directors III patches of
POO GO, when in point of fact
packages conta ned say $780,
0; he relied on the probability of
directors not taking the time
cessary to count the notes, and in
s he calculated correctly. 1t was
y detected by what seemed an
rlient One of the banks custo-
es calling for some notes at the
lk, noticed one among them of
same number that he had some
pc before returned to the bank,
then, a. is now more or less the
fe, beng the custom to take down
numbers of these notes however
y are used. This discovery led
qaestons which exposed the
Re enbezzlement, but whether
embt zzl ment reached no larger
n than mat mentioned is ano her
''ter, the nature of it precluded
knowledge of complete detec.
NJ a. the cashier altered the books
suit HIM eff,
however much the issue of ire.
enable paper money is condemn
oy Tie English, it is confessed
~ the period when it was the
y money of the kingdom was one
Inc most fl urishing in its ais
y, Trade of ali kinds was ex.
-uea to an unprecedent degree,
ses We're high, and everybody
yea large prosperity, and this
'P"e OF the small depreciation of
oahk's notes in ne midst of it..
.sa the bank made larger profits
AZ Al any period in it's HISTORY, and