The day after my return to London there was a solemn conference at the head-quarters of the ---- Railway. That august assembly, the board, had been hastily convened, and had a special meeting. The whole matter was investigated by the light of facts now within the knowledge of its officers and advisers. Other minor and auxiliary conferences were held in ante-rooms between myself and the leading partner of the firm who enjoyed the lucrative and honourable appointment of solicitors to the company. The results of the whole deliberations put together were, a resolution not to prosecute the suspected clerk, because there was not enough evidence at hand to warrant a conviction; and another resolution, that as there was more than enough evidence to justify a strong suspicion of his complicity in the affair--as there was abundant proof of gross negligence--the clerk Wilson should be dismissed. One victim not being sufficient to compensate for the loss of so much money, the two other clerks--one in the chief cashier's and one in the telegraph department--were also deprived of their situations. The most unsatisfactory part of the affair, to my mind, was the abandonment of all further search for the culprits. No why or wherefore was given me in explanation of this abrupt and extraordinary decision. I suspect the cause was an unwillingness to allow so palpable a sign of administrative weakness at headquarters, and from the very centre to the extreme circumference of the financial operations of the company, to be trumpeted throughout the world. I have known much heavier losses quietly submitted to for a like reason by joint-stock companies and by great mercantile firms. When one of the oldest, wealthiest, and most highly reputed discount-houses in the City of London discovered that its chief acting partner had advanced a young firm of traders a vast sum of money upon the security of forged dock-warrants, it determined not to prosecute the scoundrels, because the defrauded gentlemen, knowing their own importance, feared that if it should become known in Lombard Street that they, the great, old, wealthy, and "knowing" house, had been so let in, all the floating securities in the London markets would be discredited, a panic would seize all the money-changers, metropolitan bankers would be involved in trouble that might upset a lot of them, the governor and company of the Bank of England would have to guard its issues, limit to the minimum its credits, and, in fact, that through the one gigantic fraud a radius of half a mile round the Royal Exchange (where the potentates of gold, who are the arbiters and controllers of manufacture all over England and beyond this Queendom, do congregate) might become a scene of despair, ruin, or chaos. Am I overstating the case? Let the reader who thinks so peruse the evidence given by Mr. Chapman, of the well-known house of Overend, Gurney, and Company, at the