On July 28, 1870, Mather Byles Almon, president of the Bank of Nova Scotia, announced that the cashier, James Forman,“ . . . has been guilty of making many fraudulent entries in the books of the bank, by which he has abstracted a large amount of its funds.” Forman was later accused of embezzling over $300,000 from the bank. Resigning in disgrace, Forman soon left Nova Scotia for England.