I have already remarked that as violence was more and more eliminated from crimes against the person, frauds indicating great boldness, extensive design, and ingenuity became more prevalent. The increase of bank forgeries, and its cause, I referred to in a previous chapter.[106] 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, and when only twenty-two, 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extent of £100,000 by more failures, and in 1819, by the death of one of the partners, a large sum in cash had to be withdrawn from the bank to pay his heirs.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"--it is Mr. Fauntleroy who speaks--"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 total 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."
Urban Journal
The Chronicles of Newgate, v. 2/2 — Part 132
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