Green’s Dictionary of Slang

milch-cow n.

also milch-kine
[SE milch-cow, a cow ‘in milk’ + used fig. as an easy source of money]

(UK prison) a prisoner who is generous in bribing warders; one who is easily tricked out of money or property.

[UK]B.E. Dict. Canting Crew n.p.: Milch-kine, a Term us’d by Goalers, when their Prisoners will bleed freely to have some Favor, or be at large.
[UK]New Canting Dict. [as cit. c.1698].
[UK]Bailey Universal Etym. Eng. Dict. [as cit. c.1698].
[UK]Grose Classical Dict. of the Vulgar Tongue.
[UK]Lex. Balatronicum.
[UK]Egan Grose’s Classical Dict. of the Vulgar Tongue.
[US]Matsell Vocabulum 54: milch cow A man that is easily cheated out of his money.