The crime soon became public. Mate, carpenter, and crew were eager to disavow complicity, and voluntarily gave information. The Wallaces were arrested, committed to Newgate, and tried at the Old Bailey. The case was clearly proved against them, and both were sentenced to transportation for life. While lying in Newgate, awaiting removal to the convict ship, both prisoners made full confessions. According to their own statements the loss of the 'Dryad' was only one of six intentional shipwrecks with which they had been concerned. The crime of fraudulent insurance they declared was very common, and the underwriters must have lost great sums in this way. The merchant Wallace said he had been led into the crime by the advice and example of a city friend who had gone largely into this nefarious business; this Wallace added that his friend had made several voyages with the distinct intention of superintending the predetermined shipwrecks. The other Wallace, the sailor, also traced his lapse into crime to evil counsel. He was an honest sea-captain, he said, trading from Liverpool, where once he had the misfortune to be introduced to a man of wealth, the foundations of which had been laid by buying old ships on purpose to cast them away. This person made much of Wallace, encouraged his attentions to his daughter, and tempted him to take to fraudulent insurance as a certain method of achieving fortune. Wallace's relations warned him against his Liverpool friend, but he would not take their advice, and developing his transactions, ended as we have seen. A clergyman nearly a century later followed in the steps of Dr. Dodd, but did not under more humane laws lose his life. The Rev. W. Bailey, LL.D., was convicted at the Central Criminal Court, in February 1843, of forgery. A notorious miser, Robert Smith, had recently died in Seven Dials, where he had amassed a considerable fortune. But among the charges on the estate he left was a promissory note for £2875, produced by Dr. Bailey, and purporting to be signed by Smith. The executors to the estate disputed the validity of this document. Miss Bailey, the doctor's sister, in whose favour the note was said to have been given, then brought an action against the administrators, and at the trial Dr. Bailey swore that the note had been given him by Smith. The jury did not believe him, and the verdict was for the defendants. Subsequently Bailey was arrested on a charge of forgery, and after a long trial found guilty. His sentence was transportation for life.