27 DECEMBER 1930, Page 3

The Waterlow Case

The judgment on Monday against Messrs. Watcrlow, the old and respected firm of printers, for some hundreds of thousands of pounds ended an almost unprecedented tale of ingenious swindling. Of this fraud Messrs. Waterlow were the victims. They were imposed upon by one of the cleverest and most tactful of scoundrels. It is true enough to say that a firm which prints bank notes deals in a dangerous commodity and that it owes to the world as much care in handling that commodity as has notoriously to be exercised by one who deals in poisons. The fact was, however, that when once the firm had placed complete trust in its new customer failures to take precautions followed in an easy sequence. The firm is the object of much sympathy, but no one could possibly wish that the Court should have withheld the fullest possible measure of justice from a foreign litigant,

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