THE FIRST FORGED BANK-NOTE.
Sixty-four years after the establishment of the Bank of England, the first forged note was presented for payment, and to Richard William Vaughn, a Stafford linen-draper, belongs the melancholy celebrity of having led the van in this new phase of crime, in the year 1758. The records of his life do not show want, beggary or starvation urging him, but a simple desire to seem greater than he was. By one of the artists employed (and there were several engaged on different parts of the notes) the discovery was made. The criminal had filled up to the number of twenty and deposited them in the hands of a young lady to whom he was attached, as a proof of his wealth. There is no calculating how much longer bank-notes might have been free from imitation had this man not shown with what ease they could be counterfeited. From this period forged notes became common. His execution did not deter others from the offence, and many a neck was forfeited to the halter before the late abolition of capital punishment for that crime.