Frauds in Sydney.

Poverty Bay Herald, Volume XVIII, Issue 6061, 7 May 1891, Page 4

Frauds in Sydney.

Tjs the currents number of the Insurance and Banking Record appears the usual letter from Sydney, in which are Bubliahed in close succession five parazraphSi each narrating the occurrence of shameful fraud and ; thefts and to large : amounts. , The first .paragraph mentions that; a very large number of skilfully ■^ forfced bank notes of .the Commercial Company of Sydney have lately "Sffin pit in ! oirculatujn. tfhey were so Wantt^buredas ahnojblo 'Mefy Byeu;bE the part of the most

feeing detected*. The skill of the accom* plished draughtsman and engraver must have been admirably exercised, for it is said that there is very little difference in the " feel " of the paper. Next comes one Joseph Waterhouse, late accountant in the Bank of Australasia, who suddenly disappeared, and whose books disclosed a deficiency of several thousand pounds. He is still at large. One John Morgan Bruce is the next en suite. He was arrested at Goulburn on a charge of embezzling LSOOO the property of the E.S. and A.C. Bank, and he pleaded guilty to the charge. Then comes Joseph Raworth Bradley, the late manager of the Devonshire street branch j of the same last mentioned bank, who j waß charged with embezzling L 3980 from the bank in Deoember, forging an order for LIOOO in April 1888, embezzling L 650 in November, 1889, and forging an order for L3OO in October, 1888. Ho pleaded guilty, and was remanded for sentence pending the trial of his assistant, one Allingham, who seems to have been in the same boat. Bradley has written a letter admitting his guilt, and declaring the innocence of Allingham. His frauds, ha said, were committed to cover heavy losses, chiefly incurred in rink speculations, and he further said that "by constant practice he had be* oome an expert forger, and he readily imitated signatures in the fixed deposit books, by means of which he obtained many deposit receipts." Last in the black and ugly list comes one William McCreadle, the Sydney agent of the Cornwall Fire and Marine Insurance Company, who was arrested on a charge of embezzling L 3391 of the moneys of the Company. This is a calendar of crime tolerably formidable to be found in one short column of a financial magazine, and it shows the terrible curse which attaches to wild speculation, and the equally terrible Nemesis which follows hard on its track. — N.Z, Times.