nsfers of the fictitious stock does
not appear. The prisoner was subjected to repeated examination before
the police magistrates, when this prodigious falsification was thoroughly
sifted, and the prisoner was finally committed for trial at the Central
Criminal Court in the following year. It is said that the value of the
leases, furniture, and articles of taste in Redpath's house in Chester
Terrace is estimated at 30,000 pounds, and at Weybridge at a still larger
sum. It is also said that Redpath and Robson, whose forged transfer of
Crystal Palace shares has been recorded in this chronicle, were formerly
fellow clerks.
"Lionel Redpath was tried, January 16th, 1857, at the Central Criminal
Court, and, being found guilty, was sentenced to transportation for life.
At the same time a junior clerk in his office, Charles Kent, was also
charged as his partner in the crime. It appeared that Kent had acted on
many occasions as attesting witness to the forged transfers which Redpath
had employed to carry out his ends; but, as no guilty knowledge on the
part of the former was shown, he was acquitted.
"The railway company at first attempted to repudiate the forged stock
which Redpath had put into circulation, but pressing remonstrances, not
unaccompanied by threats, having been made by the Committee of the Stock
Exchange, they consented to acknowledge it. Then came the question by
whom the loss was to be borne; a question which was not solved until
after considerable litigation. The directors asserted that it ought to
be paid out of the current income of the year, and so it was ultimately
decided. This led to a further question between the guaranteed
shareholders and the rest of the company. For the diminution of the
year's earnings caused by taking up the fictitious stock being so great
as to render it impossible to satisfy the guaranteed dividends out of the
residue, it was contended on the part of the holders of those shares
that, by the provisions of the deed of settlement, the deficiency ought
to be made up out of the next year's profits, so that the guarantee that
they should receive their specified dividends was not clogged with the
condition in case a sufficient amount of earnings in each year was made
to pay them. This dispute led to a Chancery suit, the decree in which
was in favour of the holders of the guaranteed shares."
A LOST TICKET.
"Now, then, make haste there, will you, an' give up your tic
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