July 27. 1867. N. 373. August 3. 1867. N. 374.

The Money Market Review, 3. August 1867. S. 113/114.
Icon dass Zitate symbolisiert

The Leeds Banking Frauds. Pardon and Release of Convict Manager Greenland.

Leeds astonished über diese release.

The Leeds Banking Co was old and prosperous concern of 30 years standing; Greenland for 20 years |268 its manager, it stopped payment in autumn 1864. The legitimate business of the Bank good, to the last it paid 25% to its shareholders. Cause of failure: fraudulent conduct et proceedings of Greenland, who had allowed the most extraordinary credit facilities to a number of persons of notorious bad repute. Many of the bills discounted for these persons were forgeries of the most transparent character, as Greenland knew, when discounting them. All these illegitimate and fraudulent transactions were concealed from the directors and kept in secret books, to which they were denied all access. The annual statements and reports were false and fraudulent concoctions, and, at the time the Bank stopped, the directors were engaged in making a further issue of shares amongst their shareholders at a high premium, all of which eagerly taken up on the strength of the false balance-sheets and 25% dividends. Trotz alledem das Schwein nicht prosecuted. Shareholders dazu zu poor, creditors too anxious to be paid, official liquidators would not take upon themselves responsibility, no public prosecutor. Wenn discovered, daß Greenland was in habit of making false returns to the Board of Inland revenue of yearly note issues of the Bank, and swearing to them as true, Gvt ought to have prosecuted, did not, Leeds Bank of Commerce did, Mr. Darnton Lupton, in his address to the Chamber of Commerce said: „he held in his hand list of the shareholders in the Leeds Banking Co; a melancholy list, for there were not two of them consecutively who were not now reduced to wretchedness or misery or were dead. At the time of the stoppage of the Bank 243 shareholders, of whom there remained only 51; but there were about 20 estates of deceased shareholders. 25 died, directly or indirectly, of the losses; 2 or 3 had committed suicide … there were the widows and orphans, aged clergy and lonely females, who lost their all by these frauds, and now objects of wretchedness and misery.“ Dieß beast also pardoned. Chamber of Commerce (Leeds) petitions House of Commons on reasons of this pardon. The conduct of Gvt. only the more extraordinary when compared with its conduct in another case. In the prison, from which Greenland released, there was and is still another convict, named Skaife. He was a poor half-witted young fellow, clerk to one Marsden, one of the swindlers and forgers to whom Greenland advanced 100ds of 1000ds of £, the moneys of the Bank. When the Bank failed, Marsden escaped to America. Poor Skaife remained and frankly confessed that bills to £20 or 30,000£, found in the Bank, had been signed by him by Marsden’s direction. He knew they were forgeries, but said Marsden knew it, and Greenland knew it, and he had done it solely at his master’s instigation, and derived no profit whatever from it. Poor knave was tried for forgery, and convicted, partly on Greenland’s evidence, and was sentenced not to 15 months imprisonment but to 15 years penal servitude. It now appears, from a letter of Beekroft Beecroft , M.P. for Leeds, that some time ago he presented a memorial to Gaw. Hardy (Home minister) for remission of sentence upon Skaife, but refused by Hardy. Skaife, therefore, remains in Armley Goal Gaol , while Greenland, but for whom he would never have been forger or felon, set free.


  • London. 1868.
  • 1866 „The Economist“ (Jahrgang 1866) vol. XXIV.
  • The Social Economist, 1. Oktober 1868
  • „The Economist“ (Jahrgang 1866) (Fortsetzung)
  • Jahrgang 1867.
  • Register der obigen Auszüge aus dem Economist für 1866 und 1867.
  • The „Money Market Review“. Jahrgang 1866.
  • The Money Market Review. Jahrgang 1867.
  • Register Money Market Review Jahrgänge 1866 und 1867