The raid which drove the bookmakers from London to the principal towns in Scotland seems almost to have been organised by the authorities in the interest of the scamps of the betting world. It certainly was considerably to the latter’s advantage. In the hurry and turmoil which eventuated from the hegira, it was hard for people who were not experts to tell the good men from the bad; and as, the more unfounded a man’s pretensions, the greater were his promises, letters containing remittances almost swarmed into the offices least worthy of confidence. One good, however, resulted from this. The conversion of sinners we have the best authority for regarding as a blessing, and it must be admitted that owing to the manner in which money poured in upon them, and one or two subsequent bits of luck in the way of unbacked horses’ victories, men who went to Glasgow and Edinburgh as adventurers, if not as actual thieves, remained to become not only solvent, but strictly virtuous. It was not, however, until affairs had somewhat settled down in the North, until Scotland began to be regarded as the permanent abode of the layer of odds, that advertisements which on the face of them were gigantic swindles appeared. Hitherto the attempts of impostors had been confined to a semblance of really fair and legitimate business, the firm being existent as long as there was nothing to pay, and non est immediately the blow came. And people who imagine that a bookmaker has nothing to do but take money, would respect him rather more than they do now if after one or two big races they could see his account, and note the scrupulous manner in which every debt is paid, if he bids for respectability in his vocation. A delay of a day in his settlement would lead to unpleasant results, for the very contiguity of the thieves makes the honest men more exact in their transactions. So it is usual, when a man has money to receive by post from a commission agent, for him to get it at once, or most likely not at all. The tipstering and touting fraternities had, while the headquarters of advertising turfites remained in London, been satisfied with short paragraphs intimating their absolute knowledge of the future, and their willingness to communicate such knowledge to the British public for a consideration in the way of stamps, or a percentage on winnings. But when once ready money had been tasted, it seemed to act on these people as blood is said to on tigers, and they determined to have more at all risks. It was useless to try for it a year or so after the migration by applications couched in the ordinary style, for the run of business was by that time divided among certain firms, and the old slow way of giving advice for shillings and sixpences was abhorrent to minds that soared after bank-notes and post-office orders; besides, it had very nearly worn itself out. Fresh moves were therefore necessary, and they were made in various ways, each of which was more or less successful. The most important of them all, and the one with which we have to do now, was the discretionary-investment dodge, which was for a time a complete success, and which would have lasted much longer than it did, had it not been for the faculty of imitation possessed by thieves other than those who inaugurated the venture. Imitation may be the sincerest form of flattery, but even flattery must be painful when it is destructive, and Messrs Balliee & Walter could doubtless have dispensed with the crowds who followed in their wake, and almost made the fortunes of all papers who would take their advertisements. We are not aware whether the system was invented by Balliee & Walter, either or both; but, anyhow, they were its first promoters to any extent, and became thoroughly identified with it. Rumour states that Balliee was a kind of Mrs Harris, and that Walter was the firm. This is nothing to us, though, however much it may be to those who were despoiled of their cash by the discretionary swindle. The advertisements put forth for the benefit of those willing to trust their money blindly into the hands of men of whom they knew nothing must have been very successful, for it is admitted that the letters received in Glasgow for Balliee & Walter were so enormous in quantity that special arrangements had often to be made for their delivery. It is noticeable that swindlers of this description always assume that their firm is not only long established but well known, and the following, taken from the first page of the Sporting Life of the Derby-day 1871, will show that the particular people in question had no scruple about inventing facts for the purpose of substantiating their arguments:—
THE KINGSCLERE LONDON AND GLASGOW TURF
COMMISSION AGENCY.
Messrs. BALLIEE and WALTER beg to inform their subscribers and the sporting public that, in consequence of increase of business, they have opened a Commission Agency in Glasgow, where in future all commissions will be executed.
Gentlemen may rely on liberal treatment and prompt settlement of all claims. All letters answered same day as received.
MESSRS. BALLIEE AND WALTER
(Members of the principal West-End Clubs),
62, Jamaica Street, Glasgow.
As heretofore, Commissions of every description, and to any amount, will be undertaken, the following being the leading features:—
Investments on Forthcoming Events effected at the best Market Prices.