Chronicles of Newgate, Vol. 2: From the eighteenth century to its demolitionGriffiths, Arthur
History
Chronicles of Newgate, Vol. 2: From the eighteenth century to its demolition
Griffiths, Arthur
Criminals -- Great Britain; Newgate (Prison : London, England); Prisons -- England; Punishment -- Great Britain
Referring again to the increase of bank forgeries, at one session
of the Old Bailey, in 1821, no less than thirty-five true bills were
found for passing forged notes. But there were other notorious cases of
forgery. That of Fauntleroy the banker, in 1824, caused much excitement
at the time on account of the magnitude of the fraud, and the seeming
probity of the culprit. Mr. Fauntleroy was a member of a banking firm,
which his father had established in conjunction with a gentleman of
the name of Marsh, and others. He had entered the house as clerk in
1800; in 1807, when only twenty-two years of age, he succeeded to his
father's share in the business. According to Fauntleroy's own case,
he found at once that the firm was heavily involved, through advances
made to various builders, and that it could only maintain its credit by
wholesale discounting. Its embarrassments were greatly increased by the
bankruptcy of two of its clients in the building trade, and the bank
became liable for a sum of £170,000. New liabilities were incurred to
the extent of £100,000 by more failures, and in 1819, by the death of
one of the partners, a large sum in cash had to be withdrawn from the
bank to pay his heirs. "During these numerous and trying difficulties,"
says Mr. Fauntleroy, "the house was nearly without resources, and the
whole burthen of management falling on me, . . . I sought resources
where I could;" in other words, he forged powers of attorney and
proceeded to realize securities lodged in his bank under various
names. Among the prisoner's private papers, one was found giving full
details of the stock he had feloniously sold out, the sum amounting
to some £170,000, with a declaration in his own handwriting to the
following effect: "In order to keep up the credit of our house, I have
forged powers of attorney for the above sums and parties, and sold out
to the amount here stated, and without the knowledge of my partners.
I kept up the payments of the dividends, but made no entries of such
payments in my books. The bank began first to refuse our acceptances,
and to destroy the credit of our house; the bank shall smart for it."
Public-domain text, read in full here on John Shaqi.
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