SUDBURY SUFFOLK TRUSTEES SAVINGS BANK / DODD, CYRIL .
Sudbury Suffolk Trustees Savings Bank Enquiry. Minutes Of Proceedings And Notes Of Evidence Taken At The Enquiry Into The Affairs Of The Sudbury Trustee Savings Bank Before Cyril Dodd, Esq., Q.C., M.P.
London: Printed For her Majesty's Stationery Office, By Eyre And Spottiswoode.. 1894 . 0. The original Victorian enquiry. pp.69 . Foolscap; 13.0" x 8.25" . Blue paper covers with printed title, edges chipped. Clean text throughout. ** "Referenced by: Ford Select List, 1833-1899 p.29 *** "Henry Cronin Pratt was a highly regarded citizen. He was actuary of the Sudbury Savings Bank. He was also manager and traveller for wine merchant, Mrs Adams. He was a prominent freemason of the Sudbury Suffolk Lodge, Secretary of the Gas Company, distributor of Stamps and manager of a printing Business. He was also a leading conservative figure. He began the simplest of frauds at the bank. A depositor would come into the bank to withdraw funds (say £50) and Henry would write in the depositors pass book that they had withdrawn £50, but in the corresponding bank ledger he would write (say £80) and pocket the difference. On the 24th October 1893 a Mr. Jackson came to inspect the bank records, so he fled. It transpired the Henry Cronin over the years had stolen £17,000 (around £1,000,000) today. Which amounted to over half of the bank’s assets. The town was shocked and angry and frightened for the loss of their savings and the story made headline news. However, fortunately for the people of Sudbury the town’s savings bank was somewhat different. The unsuspecting trustees of the bank, all very honourable and worldly men had no idea they were liable. Of the 7 trustees, 4 were members of the Sudbury Suffolk Masonic Lodge and 3 were Vicars. They were liable for paying back the shortfall. - See: The Rector and the Rogue: A Victorian Melodrama. By Peter Thorogood 2009.
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Keywords: 48535 Printed for Her Majesty's Stationery Office, by Eyre and Spottiswoode Sudbury Suffolk Trustees Savings Bank / Dodd, Cyril East Anglia: : Suffolk