Bidwell's Travels, from Wall Street to London Prison: Fifteen Years in SolitudeBidwell, Austin
General
Bidwell's Travels, from Wall Street to London Prison: Fifteen Years in Solitude
Bidwell, Austin
Bank fraud -- England; Bank of England; Bidwell, Austin; Criminals -- Biography
He told the manager his letters of credit ran from L5,000 to L20,000
each, and that he should want L10,000 the next day. Would they have it
ready?
The next day he went to the bank, George and myself being posted
outside. In ten minutes he reappeared with a square bundle under his
arm. He smiled as he passed us, and, turning a corner, entered a cafe,
where he joined us. His bundle contained L10,000 in Brazilian bank
notes. He assured us that everything was serene at the bank, that he
could have L100,000 if he wanted to ask for it.
I had already been to the three largest money brokers and arranged to
buy gold. So, leaving Mac and George, I got a sole leather bag we had
for the purpose, and, hiring a stalwart black porter, went to the
brokers. I bought sovereigns for the whole L10,000. It was ten bags with
one thousand pounds in each. The weight was 168 pounds. The black fellow
put it on his head, and followed me to my hotel, and found it a pretty
good load, too. So here we had one big fish landed, and confidently
counted on several more.
I related above how we had in some incomprehensible way omitted putting
on the letter of credit the sub-manager's name. How could we have
committed such a blunder? My answer is that this is only another example
of the unforeseen "something" ever happening to defeat any anticipated
benefit from ill-gotten gains.
The next day Mac went to the bankers again, and was requested by the
manager to show the letter of credit on which was indorsed the ten
thousand pounds he had drawn against it. Looking at the letter, the
manager said: "This is singular; there is only the name of Mr. Bradshaw,
the manager, on this letter; J. P. Shipp, the sub-manager's name, should
be on the credit as well." And then he went on to say that some time
since they had been notified by the London Bank that all letters issued
by them would bear two signatures.
Mac was a man of nerve, but it required all he had not to betray his
uneasiness. He said he really could not say how the omission had
occurred; he supposed it must have been accidental, but he would examine
his other letters as soon as he went back to the hotel.
The look of chagrin and vexation on Mac's face when he came out was a
sight to see, and one that is as vivid in my memory now as in that far
off day in 1872.
He went direct to the hotel, and there George and I soon joined him. We
sat down and looked at each other. The game apparently was up, and we
were a sorely disgusted party. We did not fall out with or reproach
each other, but felt we deserved a kicking. We did not ask each other
any questions, but I know our faces all wore a sadly puzzled look as we
repeated mentally, "How could we have made such an oversight?" But soon
another blunder--the misspelled word--was to crop up, that made this one
of the omitted name seem as a fly to an eagle.
Public-domain text, read in full here on John Shaqi.
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