Daily press. [volume] (Newport News, Va.) 1896-current, 1906-01-23

1t was accepted for S. III like way
or carelessness persons often forget to
| date their checks. Usually the bank
Will supply the date on small Checks
on current account, but on Important
sums they Will be thrown out
Paynaster e. \. Whitehouse of iDf
navy. attached TO the European squad,
ron. once drew ut Plymouth for $50,
ooo on j. S. Morgan e Co. Loudop.
and presented the draft to the Plyn.
outh branch Of the Bank Of England
Inc money WAS 10 be used by The crew
OF the cruiser Boston. who were ia
have shore leave ut Plymouth. 1t was
indotsed by the commander Of the shin
and the United States consul ut Plym-
0uth. and the consul went 10 the
bank With the paymaster for the mon.
Hy The manager declined to nav tho
draft until IL was accepted BY ]. s.
Morgan 4 Co.. because he did nct
know the officers. The draft must be
Drawn In triplicRte. he explained, and
they should be dated as emau9tfug
from the ship. and altogether he was
very surly 10 the visitors. 4 dispatch
from Morgan brought sutisfucto
acceptance, and the manager OF lhe
Plymouth bank counted forth the mon.
ty in Bunh Of England notes. one Of
which Mir. Whitehouse took UP and
read aloud. al sight The Bank OF Eng.
land will pay 10 bearer.
This is II note of hand" he said. at
Is not accepted. | will take gold. |
,tnn't ,l.
Ii is not j legal tender
The banI; manager had nothing to 10
hui 20 get together 1000 gold sover.
rigns. which lie did with bad grace. and
Whitehouse and the consul left con.
graduating themselves IlIat they were
even with the Plymouth branch of the
Bank of England. few days after
that the paymaster received letter
from J. S. Morgan & Co. asking author.
lily 10 supply the date 10 his drafts
made at Plymouth. which had carried
Tie month on which drawn. but not
the day. After all the haggling over
them they hau gone through undated.
The failure to date exchange resulted
In The discovery OF the greatest scheme
of forgery ever successfully carried
out and In the arrest of Mcdonald. the
Ridwell brothers and Ogle. the BnnG
OF England forgers. The forgers had q
running account III tie west end branch
OF the BanI. OF England In London.
aud presented their accepted exchange
at six months, drawn ON Rothschilds
In the city. The first bills were good.
the second ones fraudulent In clean,
ing up this last project they presented
forged paper for 100000. but careless.
ly left out the date of acceptance. The
messenger of the Bank OF England
branch was instructed 10 drop into
Rothschilds' and have them supply the
missing date. He did so and in u mo.
mcnt was surrounded by the bank of.
hcers. In ten minutes the news of the
forgery was in every bank in England
The forgers escaped 10 America, were
arrested. extradited and sentenced to
life imprisonment. So mistakes OF this
/ kind sometimes worE for good as well
rs ill.,
A case which partook something OF
the nature of both good and i'll is re.
lated of broker in New York who
, found himself pressed for money at a
lime when he had to pay a great many
customers large sum in the aggregate.
! What he needed was about four days
time To realize on his assets. Without
that time he must fail. SO he faced
settling day with a calm front and
cooily sent out checks TO all his credit.
ors unsigned. In four days they all
were back again. BY that time he had
made his bank balance good and sent
out checks signed this time. with ali
apology for the oversight New York
Press.