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nobody, I will let you know it secret of much important*,' I said tlint I would not mention it, when he told me that he and Capt. Loose hnd agreed together that the Dryad should be cast away on her voyage out to Cuba,' and that if I would insure a lot of goods in London I should have £500 for my share after all the money was paid. I agreed to this proposal, in consequence of which my brother Michael again went down to Liverpool. He shortly afterwards returned to London, came into my counting-house, and presented to me six blank 1 ills of lading, aH signed in the genuine hand-writing of Capt. Loose, and I then filled up two of them (stamped) with goods, one to the amount of £715, the other to the amount of £698.

"I then employed Stott, the clerk to Nicholl and Co., to effect insurance on the £715 hill of lading in the Alliance Marine Insurance Company; also Lyndall and Hall, brokers, Leadenhall-street, to effect insurance on the £(398 bill of lading in the Neptune Marine Company, which was done by them at a premium of 10 per cent.

"After the above-mentioned two bills of lading were filled up by me, my brother Michael still left the remaining four unstamped ones in my countinghouse, and, believing the Dryad was to be lost on her outward voyage, I thought it a good opportunity to make myself some money. Accordingly I tilled up one of the bills of lading, with goods to the amount of £1,205, and got Stott to effect insurance on the same in the General Maritime Insurance Company, without my brother's knowledge, for I had a strong desire to put money in my purse independently of him.

"The Dryad sailed from Liverpool on her outward passage on the 7th of September, 1839, and nothing of consequence occurred (except in Lloyd's book that the Dryad had been on the Silver Keys, but got off,) until the 25th of December, 1839, when a letter from Capt. Loose to my brother arrived, along with the protest of the loss of the Dryad. Next day I took the protest to two of the parties interested, by my brother's desire, and requested them to recover the insurance done by them. I then began to think how I could get my protest to recover my £1,205 without their or my brother's knowledge, mid it occurred to me that a bribe to a clerk who had access to it would be the most effective way, and I accordingly used the temptation of two sovereigns for the loan of it for a few days. I then handed it over to Stott, who got £80. per cent., or £1,012., from the General Maritime Company, but that company refused to settle in total loss until they should hear whether any of the cargo might be saved. Scott gave me the check for £1,012, which I paid in to my account in the London and Westminster Bank. Stott also recovered the £715 from the Alliance Marine Company, which I also paid in to the London and Westminster Bank to iny account, giving my brother Michael £215, retaining the £500 for myself, being the sum I was promised for insuring these goods.

'• I likewise received from Lyndall and Hall the £698 for goods done in thu Neptune Marine Company; also £600 on freight insured by those gentlemen, which sum I paid my brother Michael, who paid them in to his account with the London and Westminster Bank.

"Finding that the General Maritime Company would not settle the balance on my policy before they had a specification of what goods were saved (a report having appeared in a London newspaper that part of the cargo had been saved) I desired Stott to write to the Consul-General at St. Jago de Cuba for a specification, which he did, and received for answer that the Consul had done everything he could to procure one, but did not succeed, and stated that Captain Loose had left for England two months previously with all the papers relating to the shipwreck. Stott afterwards recovered the balance from the General Maritime Company, amounting to £253, for me.

"One day Mr. Frost, sailmaker in Wapping, Captain Loose's executor,

came into my office with a bundle of papers, saying that Captain Loose had

died on his passage home, and these were the papers found in his possession.

I looked over them, and my brother Michael and I agreed not to show them

ENLARGED SERIES.—NO. 8.—VOL. FOR 1841. 4 B to the underwriters, because there was an account of all the cargo that was saved, and which, if they had seen, would have at once opened their eyes to the genuine and overwhelming fact that the goods were never put on board which I had insured. Accordingly the papers were taken away by my brother to a counting-house, and thence to his house in Tredegar-Square, Mile-endroad, which was subsequently found deserted and in confusion by the metropolitan police.

"The £915, seized by the prosecutors, in the funds in my name, formed part of the insurances I received; the remainder I paid my debU with, and m the manner in which such money is usually expended by those who obtain it unconscientiously.

"The above is the part I acted in the transaction of the casting away of the Dryad, which is all truth, as I shall answer to God.

- P. M. Wallace.

"Newgale, March 23, 1841."

"Statement made to Mr. John Pirie, alderman, respecting my knowledge of other vessels which were and are about to be cast away.

"One day last year, either in the latter end of the month of May or the beginning of June, came into my counting-house, and after come conversation

said to me,' Wallace, why dont you ship some ale by the to St.DomingoT

I said it would not pay at that market. He said it would pay if 1 insured it, as he did not think it would ever arrive at that pretended destination. I declined at that time having anything to do with the business. About six weeks or a couple of months afterwards, he and I were looking over the book of shipping at Lloyd's Captains'-room, 80 Bishopgate-street, when the loss of the

was written down, and he said to mc, ' Are you not vexed now for not doing what I desired you V and then he told me that he heard the scheme concocted

previously to the sailing of the vessel from London, and that went in her

to see the job properly performed.

"With respect to the other vessel, the , she was a large St, John's-built

vessel, which was loaded, I think in the St. Katharine's Dock, my informant

being at that time clerk to . The vessel from London to new South Wales,

about the month of August or September last year; so that if she has been cast away the accounts will arrive shortly. About the time of the vessel's

sailing told me he was sure she was intended to be wilfully wrecked, as the

owners had mortgaged her to a ship-builder, and had insured her in different offices for three tunes her value. He offered to go halves with me in €1,000. on goods by that vessel, but I declined the proposition, and it is my firm and positive belief that he has insurances done on that vessel without interest A , young man of the name of , who lives with his sister, and who was a prisoner in the Compter along with Stott and me, when we were taken up on the

Dryad charge, corroborated 's information respecting the vessel, he having

received the information from another party.

"The above is the exact truth, to the best of my knowledge and recollection, as I shall answer to God.

"Newgate, March 23." "P. M. Wallace."

In another addition to his communication to Alderman Pirie, Patrick M. Wallace details the conversation which he had with the young man who was confined in the Compter on another charge relating to the vessel alluded to in the last paragraph. That young man, who had been apprehended on a charge of robbing his master, was afterwards taken up for smuggling by the solicitor of the Customs, and placed in a cell at some distance from the place in which 1*. M. Wallace was confined; but they, notwithstanding, kept up conversations, although beard by other persons in the prison, on the subject of tlie Dryad and tlia Lucy, in which fraudulent insurances were alioiaid to have been effected. One of the turnkeys subsequently confirmed this account, and Alderman Pirie saw no ground for discrediting any part of the statement of the delinquent.

"Statement by Michael Shaw Steicart Wallace to Mr. John Pirie, alderman, telling forth the part he took in the casting away of the Dryad, for the purpose of defrauding tlte Underwriters.

"I purchased three-fourths of the Dryad about December, 1837, for £1,200, £1,060 of which was paid in cash, and the remainder by a bill. 1 went as master of the Dryad to Rio Jancrio, and returned in her to London. Loose was the master at that time. Next voyage Loose went as master, with my instructions to proceed to Rio, and take the berth for London. The vessel was consigned to a person at Rio, who had similar instructions from me, but ke deviated from those instructions, and sent the vessel to the Cape de Verd Islands for salt, and drew upon me for £315. When 1 received this intelligence my friends advised me to go out to Rio and look after my property. I went out to Rio in the bark Bluir, from Liverpool, and upon my arrival found the vessel a complete wreck, and was angry with the master for his conduct but he threw the blame upon others.

"I was on board the Dryad, dining with Loose, the master, one day at Rio. After dinner he asked me to go forward, and he would show me that I had made a blind bargain, which he did, and at the same time he said that if he had known that the vessel was unsound she should never have seen the Cape de Verd Islands. I said to him that I did not believe that he had the spirit to do such a tiling, to which he replied that he wished I would give him the chance. Some other conversation relating to the manner in which he would manage such a business took place at that time, and I began to feel much interested indeed in his way of treating the subject.

"When the Dryad discharged the cargo of salt she took the berth for Liverpool, and I took my passage on board. During the passage Loose and I agreed that if he would cast away the vessel I would give him £200 in cash, and advance him sufficient to purchase a quarter of a new vessel, which he was to have the command of on his return. This was regularly agreed to between us, upon the most perfect understanding.

"On my arrival at Liverpool 1 proceeded to London, and chartered the Dryad out and home. I informed my brother Patrick at this period that Loose and myself had agreed to destroy the vessel, on purpose to defraud the underwriters. He consented to become a party in the affair, and filled up hills of lading for goods to the amount of £715, done in the Alliance Insurance Oiliee, and £698 done in the Neptune,

"The bills of lading signed by Loose were procured in the following manner. I bought two sets at Liverpool, and Loose signed them in blank. I then brought them to my brother Patrick. Before the Dryad sailed from Liverpool I proceeded to insure as follows:—£2,000 on the ship with Messrs. Howden and Ainsley, and £300 on the freight with the same; £700 with Seldon and Johnson on the ship and outfit, and £700 on the freight out and home; with Lyndall and Hall £600 on the chartered freight; and with Behr, Behren, and Co, £500 on the ship at Liverpool. Loose also, to my knowledge, effected £150 at Liverpool on his effects, and £100 in London.

"The Dryad sailed from Liverpool September 7th, and I had no letter from Loo»e till the 25th of December, when I received the protest from Falmouth, in Jamaica." (Here Michael Wallace enters into details implicating other parties in the transactions with regard to the destruction of the Dryad, which details we, of course altogether exclude, and which may have been fabricated, with a view to diminish the atrociousnes* of the plot by dragging others into participation.) "Nothing of consequence occurred till July, 1840. One forenoon I came into my brother's office, when he showed me .a large bundle of papers which Mr. Frost, Loose's executer, had lefi for me. We examined them, and found that all the cargo had been saved but the salt, and had been sold by the Vice-Consul. It appeared to us that the net proceedings from the cargo saved amounted to about £1,500, which I know nothing about. The wreck of the vessel, with all the stores and cables, were sold, and the bill that was found in Loose's possession appeared to us to be the salvage of the vessel. The bill was drawn on a house in Liverpool by a foreign name, which I forget, and was endorsed by the Vice-Consul, and handed over to Loose by him.

"The papers were taken by me to my house in Tredegar-square, and were destroyed on the night my brother was taken into custody. The papers set forth that Loose had been accused by his rrew before the Spanish authorities for casting away the vessel, but was released from custody. This is all that I can think of relative to this most unfortunate afi'uir, and is all truth, as I shall answer God.

"Newgale, March 23rd, 1841. "Michael S. S. Wallace."

"Addition to my former statement made to Mr. John Pirie, alderman, respecting the money I defrauded the underwriters of:—

.From British Indemnity Company . . . £414

From Howden and Ainsley . . . 1,590

From Seldon and Johnson . . . 1,284

From 1 iverpool Ocean Company . . . 458

Goods, Lyndall and Hall . . . 667

Cash from my brother, being a balance from Alliance Company 215

£4,628

Paid my sisters'mortgages on the Lucy and Dryad . £1,100

Cash seized in the Funds . . 2,200

by Rop, the officer . . . . 116

Left with my wife when I left my home, and given to Mr. Humphries 100 Expended during my concealment, &c. . . 50

Furnishing iny house, and various expenses at the time of my marriage 600

£4,166 "Brought down . 4,628

£462 "By referring to my books and other accounts, it will be seen how this balance has been expended.

"About May last my brother told me that told him that and

had made jt up to cast away the Falcon, and that was going out to see it

was properly managed. He also told me, about the latter end of September,

that, wanted liim to make some insurances on the ship , as he knew

that she was going to be cast away. At the same time he said that a vessel

called the was lost, and the insurance companies were not willing to

settle the loss upon her.

"1 now consider it proper that I set forth a part of my life. Up to the latter end of the year 1836 I was a steady hard-working fellow. At that time I commanded the Delta, and unfortunately went into Liverpool with a cargo from

Brazil, and was there introduced into the family of Mr. , whose foundation

is well known to have been buying old ships and casting them away. I was

encouraged by him and Mrs. to seek their daughter, and I must confess

that ambition tempted me to forget my old playmate and my present unfortunate w ife, so far, that I did so, and I believe that I would have done anything to

gain Miss ', affections. My mother was sorely gTieved, and told me that

eur friend Mr. —_ named me that was a bad man. All this 1 did nuf

h< ed, but would go forward, led by Satan. encouraged me to get m oney

and advised me, saying, 'Get it, never mind how, so as you have it.' I was too willing to follow this bad advice, and have not only ruined myself, but my beloved wife also. This I know, if I had never forgotten her I should not have been in this situation to-day. Although I cannot give any proof respecting the person at Liverpool to whom I have alluded, and his black deeds, watch him

narrowly, and I think you will find him out. His ships and will be

cast away, should 1 not warn him by my fate. He has often informed mv that he would do so.

"Michai'.l S. S. Wallace." "Newgate, March 28/A, 1841."

"I forgot to state that at the time I went into Liverpool I was master of the

Delta, and had about £"200 of my own. thought my father hud money,

and therefore encouraged me, 1 believe.

"M. S. S. Wallace. "March 20th, 1841. "W. W. Cope."

The two Wallaces, who were recently convicted at the Old Bailey Sessions, and Alfred Baldock, of Chatham, for a post-office robbery, have embarked on board the Westmoreland (transport,) together with 122 convicts from the hulks, at Chatham. The Westmoreland sailed immediately from Sheerness,

Table And Simons Bays.

Bodmin, June 22, 1841.

Sir.— Believing that no ship will follow the example of the unfortunate " General Palmer," in going to Simons Bay for repairs and supplies, I shall not tresspass on your valuable space by prolonging an unprofitable discussion; but shall be perfectly satisfied in submitting to those of your readers who have had an opportunity of judging of the subject at issue between Lieut. Barrow and myself to decide on whom the charge of " misleading your readers," justly rests.

I request, however, the favour of your inserting a few remarks on that portion of Lieut. Barrow's letter, which appeared in this month's Nautical, relative to Capt. Bance, against whom unjust insinuations are thrown out, which might be prejudicial to him in the eyes of those unacquainted with the high character of that most zealous and excellent officer, to whose invaluable services, while port-captain of Table Bay, during the last fifteen years, so many, and especially all our governors and admirals on that station, have borne the most flattering testimony.

Lieut. Barrow states, that ships choosing Simons Bay would "escape the anxiety and probable contingency of having to pay Mr. Bance on the very common occurrences 70/. to 120/. for the transport of an extra anchor and cable, and 80/. or 100/. for the materials." There is some difficulty in discovering the meaning of the sentence just quoted, as it can hardly be imagined that the "materials" for any thing larger than a barge can cost so little as " 80/. to 100/.;" but it is quite clear that the writer intends to tax Capt. Bance with very exorbitant charges in the transport of them. Now, Sir, I have it in my power, from long experience, to declare that Capt. Bailee's charges have invariably been

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