Household words, No. 26, September 21, 1850 : $b A weekly journal
General
Household words, No. 26, September 21, 1850 : $b A weekly journal
English literature -- Periodicals
At length public alarm at the prevalence of forgeries, and the
difficulty of knowing them as such, arose to the height of demanding
some sort of relief. In 1819 a committee was appointed by the
Government to enquire into the best means of prevention. One hundred
and eighty projects were submitted. They mostly consisted of intricate
designs such as rendered great expense necessary to imitate. But none
were adopted, for the obvious reason that ever so indifferent and
easily executed imitation of an elaborate note is quite sufficient
to deceive an uneducated eye; as had been abundantly proved in the
instance of the Irish “black note.” The Bank had not been indifferent
or idle on the subject, for it had spent some hundred thousand
pounds in projects for inimitable notes. At last--not long before
the Commission was appointed--they were on the eve of adopting an
ingenious and costly mechanism for printing a note so precisely alike
on both sides as to appear as one impression, when one of the Bank
printers imitated it exactly by the simple contrivance of two plates
and a hinge. This may serve as a sample of the other one hundred and
seventy-nine projects.
Neither the gallows, nor expensive and elaborate works of art, having
been found effectual in preventing forgery, the true expedient for at
least lessening the crime was adopted in 1821:--the issue of small
notes was wholly discontinued, and sovereigns were brought into
circulation. The forger’s trade was nearly annihilated. Criminal
returns inform us that during the nine years after the resumption of
gold currency the number of convictions for offences having reference
to the Bank of England notes were less than one hundred, and the
executions only eight. This clinches the argument against the efficacy
of the gallows. In 1830 death punishments were repealed for all minor
offences, and, although the cases of Bank Note Forgeries slightly
increased for a time, yet there is no reason to suppose that they are
greater now than they were between 1821 and 1830.
At present, Bank paper forgeries are not numerous. One of the latest
was that of the twenty pound note, of which about sixty specimens found
their way into the Bank. It was well executed in Belgium by foreigners,
and the impressions were passed among the Change-agents in various
towns in France and the Netherlands. The speculation did not succeed;
for the notes got into, and were detected at, the Bank, a little too
soon to profit the schemers much.
Public-domain text, read in full here on John Shaqi.
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