Frauds upon banks and large financial institutions became prevalent about 1844. In that year the Bank of England suffered at the hands of one of its clerks named Burgess who robbed it of £8,000 in conjunction with an accomplice named Elder. Burgess fraudulently transferred consols in the above amount to another party. Elder impersonated the owner and attended at the bank to complete the transfer and sell the stock. Burgess, who was purposely on leave from the bank, effected the sale, which was paid for with a cheque for nearly the whole amount on Lubbock's Bank. Burgess and Elder proceeded in company to cash this, but as they wanted all gold, the cashier gave them eight Bank of England notes for £1,000 each, saying that they could get so much specie nowhere else. Thither Elder went alone, provided with a number of canvas bags and one large carpet bag. When the latter was filled with gold it was too heavy to lift and Elder had to be assisted by two bank porters, who carried it for him to a carriage waiting near the Mansion House. Elder was soon joined by Burgess and they drove together to Ben Caunt's, the pugilist's public house in St. Martin's Lane, where the cash was transferred from the carpet bag to a portmanteau. The same evening both started for Liverpool and, embarking on board the mail steamer _Britannia_, escaped to the United States. Burgess' continued absence was soon noticed at the bank. Suspicions were aroused when it was found that he had been employed in selling stock for Mr. Oxenford, owner of the stolen consols, which developed as soon as that gentleman was referred to. Mr. Oxenford having denied that he had made any transfer of stock, the matter was at once put in the hands of the police. A smart detective, Forrester, after a little inquiry, established the fact that the man who had impersonated Mr. Oxenford was a horse-dealer named Joseph Elder, an intimate acquaintance of Burgess's. Forrester next traced the fugitives to Liverpool and thence to Halifax, whither he followed them, accompanied by a confidential clerk from the bank. At Halifax, Forrester learned that the men he wanted had gone on to Boston, thence to Buffalo and Canada, and back to Boston. He found them at length residing at the latter place, one as a landed proprietor, the other as a publican. Elder, the former, was soon apprehended at his house, but he evaded the law by hanging himself with his pocket-handkerchief. The inn belonging to Burgess was surrounded, but he escaped through a back door on to the river, and rowed off in a boat to a hiding place in the woods. Next day a person betrayed him for the reward and he was soon captured. The proceeds of the robbery were lodged in a Boston bank, but four hundred sovereigns were found on Elder, while two hundred more were found in Burgess's effects. Burgess was eventually brought back to England, tried at the Central Criminal Court and sentenced to transportation for life.