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Lot 27: Australia. 'Austilin Bank' œ £1 dated December 2 1837, Fine

Est: $40,000 AUD - $50,000 AUDPassed
Smalls AuctionsPaddington, Sydney, AustraliaJune 06, 2021

Item Overview

Description

The only surviving example of this spurious issue passed by Thomas Saulsbury Wright also known as 'Tommy the Banker' or the 'Rogue Banker'

Artist or Maker

Medium

396

Date

Collectibles

Condition Report

A fully intact note

Exhibited

Paper Money, Australia & New Zealand

Literature

Coins, Monies & Stamps

Notes

Australia's inauspicious beginnings as a penal colony meant that its population was inhabited with plenty of 'colourful characters' transported from England for 'rehabilitation' having been convicted of both petty and serious crimes. Not all convict arrivals served their time and then ventured forth on the straight and narrow path to self-righteousness. Many would turn out to be recidivists who revisited their old skills in the new land. One such convict was Thomas Saulsbury Wright, a London Banker, who was already in his 60s when he received a death sentence for forgery in 1799. Fortuitously for Tommy he escaped the hangman's noose and instead was transported for life to the penal colony of New South Wales where he was eventually granted his freedom. Wright was obviously a wheeler and dealer whose return to a life of crime is best described by Frank Clune in his book 'the Norfolk Island Story.' Clune writes that "the story of his decline and fall was told in the 'Australian' (newspaper) of 9th November 1839. On trial before Mr Justice Stephen and a jury was Thomas Wright. alias 'Tommy the Banker,' late of Parramatta, indicted under a statute of William IV, for feloniously having in his possession, without lawful excuse, certain forged notes purporting to be of the Austilin (sic) Bank, knowing them to be counterfeit." Naturally, Tommy the Banker pleaded not guilty and pointed out that his name was actually Thomas Sa(u)lsb(ur)y Wright and not the accused Thomas Wright. His Honour ordered the indictment altered accordingly to please the prisoner - not that it made any difference. The Attorney-General began his case, linking it to the last court session in which a co-partner of Wright's named Salt had been convicted of uttering one of these Austilin Bank notes, and pointed to Wright's involvement. "A search warrant was issued, and the constable found several notes on Wright's person and, in his house one hundred and ninety-one £10 notes, two hundred and fifty £5 notes, three hundred and seventy-six £2 notes, eighty-seven £1 notes, and one hundred and ninety-five £20 notes, amounting in all to £8,000,' - or enough to start a bank. Wright was also in possession of plates capable of producing banknotes for the (said) Austilin Bank, the Austilian Bank, the Sydney Bank, the Bank of Parramatta (sighted), the Parramatta Banking Company, the Parramatta Trading Bank and the Defiance Banking Company. Constable Alexander Brown, who conducted the search explained that the plates were "engraved by a person named Wilson in York Street (Sydney)" who seemed to be the go-to-person for anyone wanting passable banknotes printed, as he had earlier provided plates and printed notes for another dubious venture 'The Bank of Newcastle.' The Attorney-General argued that the Austilin plates "were so well executed that anyone would be likely to be deceived by their close resemblance to the notes of the Bank of Australia," a legitimate enterprise. In unintentional support for Wright, Mr Edye Manning, a director of the Bank of Australia, testified quite haughtily that the notes in question "could deceive none but the very ignorant persons" - but the judge thought otherwise, and asked the prisoner what explanation he had to offer. The 'Australian' newspaper in its report said that "the prisoner, who is an aged man, said to be one hundred and two years of age (and on his own evidence) sixty-two years a banker, had undertaken to establish a Bank for a company at Parramatta, but that he got connected with a party of swindlers, who robbed him. He was able to take up all the notes signed by himself, but could not take up those he was robbed of - and (argued) he had as good a right to establish a bank as any other gentleman, and would undertake to conduct the management of one for any company of gentlemen who might choose to employ him, upon the best and most improved principles of banking." "Laughter in Court," reported the Australian. After the judge directed the jury, "they found the prisoner guilty, without leaving the box." His Honour then inquired from the Attorney-General the circumstances under which the prisoner had arrived in the colony, and was told "for the offence for which he has now been tried." In summary Mr Justice Stephen said, "it was lamentable to see an aged infirm old man, on the verge of the grave, persisting in the same career of crime which he had commenced in his youth, instead of amending his life, and preparing for the world to which he (would) soon be called." Despite the age of the accused, his Honour committed Wright to "fourteen years transportation to a penal settlement" on Norfolk Island. On the 14th December 1839, the Superintendent of Convicts records that "I am directed by His Excellency the Governor to transmit for you a list of forty-four prisoners under sentence of transportation by the Governor Phillip sailing on Friday next." The list included 'Thomas Sa(u)lsb(ur)y Wright.' Time puts an end to all enterprises, even the criminal, and an entry in the Norfolk Island Hospital records the "death (of) Thomas Wright, 7th February 1843, aged 104." In our auction we offer an Austilin Bank One Pound dated December 2, 1837. Hand-signed by Tho(mas) Saulsbury (Wright) it is the only known surviving example of the spurious issues passed by 'Tommy the Banker' or 'the Rogue Banker.' A remarkable piece of Australiana that certainly reinforces our convict past.

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Auction Details

Rare Photographs, Historical Banknotes & Edwardian Brooches

by
Smalls Auctions
June 06, 2021, 12:00 PM AEST

452 Oxford Street, Paddington, Sydney, NSW, 2021, AU

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The Buyer's Premium is inclusive of the Australian G(oods) & S(ervices T(ax) incurred by our service.

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Larger lots may incur an additional charge.

If we are unsure of the bona fides of a successful bidder we may request identification such as a Passport Photo or Drivers's Licence that matches the Credit Card details registered with Invaluable before we despatch an item.

Both Australian and International packages are traceable in transit and may require a signature on delivery.

Shipping Terms

AUSTRALIA :

Purchases within Australia will be charged a MINIMUM SHIPPING FEE of $10.00 and will be sent by Registered Post.

Additional insurance is optional at the buyer's expense.

Larger lots may incur an additional charge.

OVERSEAS :

Overseas purchases will be charged a MINIMUM SHIPPING FEE of $35.00 and will be sent by standard International Post.

Additional insurance is optional at the buyer's expense

Larger lots may incur an additional charge.

If we are unsure of the bona fides of a successful bidder we may request identification such as a Passport Photo or Drivers's Licence that matches the Credit Card details registered with Invaluable before we despatch an item.

Both Australian and International packages are traceable in transit and may require a signature on delivery.

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All purchases are subject to an all inclusive 20.0 % Buyer's Premium on the hammer price.

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All purchases are subject to an all inclusive 20.0 % Buyer's Premium on the hammer price.

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Taxes, Duties and Customs Charges that apply in the country of delivery are the express responsibility of the buyer.

Please notify us if you require a specific description on the outside of the package for customs purposes.