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Updated: May 25, 2025
Here are a few thoughts that occur to me which might be represented: We have come to realize that the real trouble in our country is Privilege. Big business, in its ruthless pursuit of results, has the ultimate responsibility for the ills that confront us in political, social, and commercial life. The graft scandals, the bank defalcations, etc., are simply symptoms of internal disorders.
Their leader and founder taught them self-sacrifice, a desire for heavenly things, temperance, or moderation in all things, preference of others to themselves, contentment and these virtues, together with a prudence in the management of their affairs which has kept them out of debt since they paid for their land, and uprightness in their agents which has protected them against defalcations, have wrought, with very humble intelligence, and very narrow means at the beginning, the result one now sees at Zoar.
When he had obediently taken the food and thanked her for it very nicely, he felt much better. The desire for a clergyman, or even for a lawyer, passed away from his mind; he forgot the majority of his sins and his aspirations, and the need for restoring the defalcations to Jim Horrocleave seemed considerably less urgent.
The only one of the original promoters who has latterly condescended to gratify the gaze of the public, is the Baron Badlihoff, who, a few days ago, made his appearance on the monkey-board of an omnibus, whence he was suddenly escorted by policeman B. 1001, to the presence of a magistrate, who unsympathisingly transferred him to Clerkenwell Jail, for certain paltry threepenny defalcations, due to a lapse of memory which our shameful code persists in regarding as worthy of incarceration and hard labour.
They might report to the Executive such defalcations as were found to exist, with a view to a prompt removal from office unless the default was satisfactorily accounted for, and report also to Congress, at the commencement of each session, the result of their examinations and proceedings.
Of course it owed much to the mere accident of Maxwell's accumulation of material about defalcations for his play; but he had known men break down under the mass of their material, and it surprised and delighted him to see how easily and strongly Maxwell handled his. That sick little youngster carried it all off with an air of robust maturity that amused as well as surprised Ricker.
He made me keep his secret, painted a dreadful picture of what would happen, and said he could put everything right if I would come into the business and help him. He told me he had large investments which were bringing in big sums and that he would apply this money to making good his defalcations. That was why I went into Lyne's Store, but he broke his word from the very beginning."
In fact, he was so trusted that he was, to all intents and purposes, the Market Milcaster Banking Company; in other words he was allowed full control over everything, and given full licence to do what he liked. But he had to speak of the loss of the serious defalcations which Maitland had committed. The prisoner had wisely pleaded guilty to the first count of the indictment.
He received in 1803 an official post in Bermuda, but entrusted his duties there to a substitute, by whose defalcations he was later embarrassed. He was married at thirty-one to a beautiful and amiable actress, Bessy Dyke, and lived very happily for most of his life in Wiltshire, but with an interval of a few years in Paris.
Of these, by far the most celebrated is that of the Bank Porters. These men have unlimited opportunities of stealing, and are often entrusted with the guarding or transporting of enormous sums; but the banker has no cause for anxiety, because he knows that if any defalcations occur they will be made good to him by the artel.
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