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About Custer County Republican. (Broken Bow, Neb.) 1882-1921 | View Entire Issue (April 25, 1907)
- J. RECORD IS BAD . . r Financial In tituaons Are Robbed Every : Day , Says Expert . . I _ _ ' . High. Living , Fast w.omen and Speculation - tion Chiefly to Blame I - - - I - ' ; HURton-It Is only a defalcation of 111ugnltudo that attracts more than 10' I . .cnl . attention , When the wrongdoln or President ; I 'f ! ' - Franlt IlIpple caused the $7,000,000 I r .crash f the Real Estate Trust com. _ " IJimy. of Philadelphia : , when PaulO : Ii , " . Stensland wrecked the Mllwaukeo Avenue state bnn ] ( of Chicago through - ! \ . bls mltapproprlatlon of $1,500,000 nnd . wht'n. more rocontly. 'rreasurer Wil. : , , ' " " * r1bls P. Walker Ill : > : 'Ieared with ( , l. , $ G65OOO or secUl'lties bolonglng to the ' " , Savings Bank of New Britain , Conn.- f J . In a big case or this ] dnd the bus ' w r1d IJI\uses to gagp at the enormity of the crlmo and to bestow a fieetlng " pity upon the victims , Now nnd then a remarmbe ] ] thell attracts mal'O than ordinary alten- tlon because of the dlfficu1t1es overcome - come , Only a shari. thno ago it was \ nnounced that $173,000 In c\l1'cncy . . had been Dlolen from the United States sub.troasUI'y at Chicago under , clrcllmatance'l ! ' that barned , score of . , . , keen-wlttcd secret service mon , , " , Dut , as Pierre Jay , commissioner or . II , bnnklng or Massachusetts. has pointed - ed out , there uro many embezz1ements that are never known by the pnbllc , , . The amounts h1\01vcd are made good by relntive and friends , or are quiot- ] y charged up to profit and loss , "Thero nt'o thrtJe embozzements ] where ono Is rcported , " said the header , or a suret . company tbo other day. . - "PersonaJiy , I boHovo financial Instl. tnUons are being robbed every etay. " . . . j . , ' , _ _ This Beerns serious : It Is serious , hut ono should remember that there arc a grcnt number or InsUtutions handHng the peopo's ] monoy. ' Did 'ou know that on Sop tom bel' . 1 ] nst th6re wn.re In the United States : , - -f'- 6,137 national banks-an Increase or : 4,065 slnco 1880-8,862 state bans ] , ' 142 loan and trust. companies , 1,319 " Bavlng ! ! banks and 929 private ban1s ? , Causes of Dishonesty. But what causes dlsbonosty among employes and OmClaD ] . of Ilnanclal in- , sUtutions ? I \ Why do mlD , occupying positions or trust and honor , who are generally re. spected , stand high , orten In the church , are morany c1enn , so far us I Imowll. with famllIcs and pleasant homes-why , do they become tbleves and purloin thousands of donars not their own ? . From Inve3t1gatlot.J of t > be cases of men who have betrayed tbelr trust , . . . - . - t , . J' . . IJ'P/J'C ' 7TtltSEOF - . 5TEIILINCrS LEII/JJ T ( ) , I TilE EKPO lJF iIfNY fiYIJEZZLEl ? " , Wt - - - "In every < lase which I hU 'e Inves. I tlgated , " said an officer of a surety company , "I 113VO found a woman nt the bottom. Although the UlJUl stoo ] the mone ' to gambo ] or speculate , when searching inqulr ' is made we always found a woman , vho was ex- tra\'agant , with whol11 the man hnd become InCatuated , or n wife who nagged him fa I' mOl'o than ho could afford. " : \ren fl'equentJy ombetzlo : to Invest In scholl1CJ1 which the ' are led to be. Hevo will tum out woH. 'fhey are probablY mnrrled nnd desire to got nhead Boclal1 ' . 'fhey need U1ono ' to do it , "Theil' homes must bo well fUl' nlshed , tholr wives beautifully dressed - ed , The situation goads thorn to taeo ] the rlsl. . Without aD ) " bought 0110 - Ing dishonest they U ! the lIlUlk's money for personal Investments. "Wlth a man who becomes Infatu- nted with a dashing woman tbo end comes marc lulc1\y. \ There Is n rapid pace , with motaI' cars , theaters , cares nnd othel' paees ] of entertainment. He loses his head , loses all 50nso or discretion - cretion , RecentlY an olliclal of a large Chicago bank throw $20 bills to a ballet - let dancer on a thenter stage , Tbls excited - cited suspicion. His accounts were Investigated , and to-day ho is 6ervlng In prison , " Thcfts of "Big Mcn. " The majorlt " of bank thefts , according - cording to bonding concerns , are by employes of the Instltutlon-cnsblers , tellers , clers. ] More money , however , Is usually stolen by dishonest llresl- dents or otber officers. Tbe aggregate stolen by emp10 'es Is comparatively small compared with the tremendous thefts of the "big men , " Da.nk embezzlements during 1906 , according to figures supplied by a big bonding compan - of New York , amounted to $12,835,215 , This tota1 was the greatest since 1894 , w.hen defalcations - falcations , fonowlng the Imnlc of 1893 , amounted to $25,234,112. 'rbe average amount of money which surety companies - panies of the country are cnIled upon to mn1ee good Is said to be $400,000 a month , I An embezzlement , according to the representative' a sUl'ety company , Is reported In PhlJadephla ] every two weecs. ] The average Is said to lJe proportionately larger In New York and Chicago. f" ' > . . , . l \ : ' " ro-- : ; , ' c' Y . . - " , - , t , ; . . } I . , , - thrlo Ke 11 C1 \ ] 1 ( \\IC:9 ; : have been tound : _ Slioculntlci : . 1\ 'VIII\U\ \ ! , Sooln ] 1I.:11bIUOD , ' In' noal'i' ! or'y ! lostanco one 01' ' mal'O or tllc'JO I'oasons h s caused the I' dowln1 ! , ] ' ( nt ; of :111. It 1:3 : lIe desire to sot ' : :1 'Icb ! which. IIII'OU " , ] quck men to thell' t , : faJl. Gnmhn ] ! , whether It bo on.lJ\Q \ to- . rf.COJ ur. In the r.tock murlctsjf hall ' , beenO cause ( It man ) ' a niuu's' ruin , Having , s , , = ( ; e < : s to money , the bank . pre la mt "I' eIl\po ] 'o who hns gotten \ hlmwJf : Inlo lmclJlt ' talws a 13111'1'011- tltlous : oal1 , rllH ' Intending' to pnr It , / f\ back111 ; \ : ' \ ) follows Callure , loss \ cOmt3 ntter loss , until at last there rf , , II the llcvltnb1o I1lscovor ) . . II \ , I' % I'LIlWIIC TilE .Pt'HIEJ' . " I ItS /I PIlc5SIIJJh'lT I / { T Rllk L ( ) r tP . ' 1 :10 : fascination of stalelng money , Ol ( ; ! zest or uncertainty , as well as the possibility of winning big stalces , tempt cors ] to Blleculate , While the bank president may he taltlng plunges In stocks and IHistalnlng heavy losses , the employe may ho paylng ] the I'aces 01' taking chances III the Imcket shops. Both load to ruin. Mctlods of Peculation , l\Iethods 'of peculating are , many. One or UIO most common among em. plo 'es Is to fullJlfy deposit slips and deposit boolts or persons who ha0 dormant accounts amI to falslCy en. tries of cnsh taltou In. Men "hlghel' up" can make loans on bogus securities and substitute "mems" or notes showing false loans. . . - . . . . I . . , Thc ' usual1 ' ha\'o \ access to the "aulls wllt'ro mone ' and bonlls J\ro del'osl tod. Allhourh U\'ro Is usually some ap. ) larent reMan why meu bl'col1lo do. faultors , sOIU lImes It Is Imposslblo to Ilnd the CRUSOj It seems incomprehon. sible to the moh themsol\"cs. Concerning such cascs , the preDI. dent oC a promlnont surety COI11 JI\I1Y has mnde an interesting statement : "Prcshlents of banks mid trust companies - panies who somolilUes Involve lholr institutions for larso sums are otten comlel11ned for dishonesty wl\m tholr rt'al fauIt Is bad Judgmont. It maybe bo that the preuldont has conducte1 [ his bnnk on conson'atlvo IIn09 until ho Is iml'lIeltl ) . trultod. 'Vho honrd of directors gndl ] ) ' Intruuts Its own 1'0' Dponslbllltfes Ipon his shoulders and lea\'cR him to run the business. In Tolls of Promoter. "ProsentJy a10ng c < JU10S a promotar wlt1i more nudnclty thnn jUdamont. . j - - . , . . o. y Into cash and Invested ' 0,000\ For n limo the now InatltuUol\ seemed to nourish. that one tllorninc ft'u rOllnd that' 'prosldent Wtsttaln. . . In the vRult "wero ow ) ' 3o o In cash and pnper worth 1018 tbnn $ GOOOO. The banlt bultdlna : watl round to be mortgag1 ! to its full "ntue. ClevernelS Demanded. 'R. > w long an empoyo ] Cl\'t \ continuo tapping the funds dopcn1 ! : upo : . ! : : clovorness. Onl ) ' c10ver mod can It&- cure money In financial InsUtuUoDB under the modern system of keepIng accounts , Sovernl years ngo tbe llrosldfnt of a bn.nk In an Eastern city beoame serl. ol1Bly Ill. Examiners arrived whUo he' was detl\lned at homo , nnd upon 0Jr. mulnlng the books and BccuriUH found tlillt ror , period of len YOAr. bo had boon robbing Ute bAnle. Hla thefts amolUlt d to $24,000. Ho 'Was tlO shrewd in manlpulnUn hlB .c. counb. that If ho b1\d remalnod w ! 1 Tll F'J'T I "sTEP . / , . ; { ' " t. , , .I. , , , ' ' , .f . , . . " - . ; : " " Ho presents .11. scheme that Is daring , but sUII within boundfl , offers the bank extra high Intel'est , nnd perhnpfJ a bonus lJesldes : he gets the loan and payll It. "ThQ yenture Is repealed unUI the pl'esldent Is dazzled by .the brlllianco or the promoter's genius , At last a note canllot he taOn ] up when duc , The-yentul'e may be legitimate , but III Judged , It III necessary to advance more 1I10noy to afeguard tbo orilnul ! Investment. "Here the presldont malces his fatal misstep , Instead of laying the , whole matter before the board and confess. Ing his original mlstalw , ho makes an nddlllona ] Joan 011 his own responsl- blllt . and Is stili more de lll ' Involved. n ' this lime he Is nshamed to toU the board of directors , nnd so he goes all getting deeper /lnd / deeper In the mll'e untl ! the Inevltnb ! ! ! crash , " . How to Prevent Looting. Orson Smith , one of Chlcago's ! Jest ] [ I1own bankers , after the Stensland exposure , declared that a new law of Incorpol'atlon wns necessary to prevent - vent tbe looting of bants. ] " 'fhe state bUl1k examinations ure a11 right , " he said. "No law 'ou can frame wJl1 prevent a thief rl'om stenl- Ing If you gl\'o him II. chance , Place your money In his banda and he Is sllro to run awa ' willi It 1r the way Is open , "Suppose you are carrying In your \'lI.u\ls \ a Jot or fraudulent paper , which on Its face appears to bo all straight , how Is any banl ( examiner goln" to discover It ? It Is absolutely Impossl- be ] for him to prove the gonulnen ss or faseness ] of every signature on the paper that Is showl1 him as securities held by the bank as co11ateral for loans , Ho must Dimply taO ] them to be what they nppeal' to bo on the raco. "The state bank examination law Is a11 right , and It Is just n.a emclentJy administered as the natlona1 banle law. It Is 110t so much a. c1ango In the ] a w I'egardln examinations we want as a Jaw rogardlng the Incor- ) Ioratlon of Imns ] , "It Is milch too easy to Incorporate banls now , 'rho ] nw shollid bo partlc. ular regal' lng the 111C01'loratOl'8 } nnd the nature or the securities they offer 111 the first Inaranco. On co they get started It Is too ] ate to correcl the ovllu whleh should be prevented at the beginning , If 'ou want rerorm , that la whel'o It ahould begin. " I ! sy to Start Dank. . . Ease with which n hank mllY he started was llIustmtod at J\Uridleport , Ohio , last fall , 'l'ho president of an Institution there dls\llpenrOI [ and $115000 ; of the bnnl'sIIoney was found mlsshH : , Thl ! ! man , It was statcll , at ono tlmo started a nliliollul banle In that town , bllt this was clos 1l ancI Its accollnts liettled. : Then the banker Induced 1\ retll'ed clcrg'man to enter bu lneiJ. . with him and open a private banl [ , ' 1'ho ( ) ] erg 'man converted his prop. I ' { ( , r/I'JJ . 'ECOUP A' ECULI(110t'.fldK - - /1,11.0 ' j t1IEI ( Caf , IR W : W 1 $ CtA'f' Qr B Ir'k'ERJflff PA'M EI1I'LYEE filCH } 1C'ALP : - - - - - . It Is 1I1Oy ] ho 'wou1d not ha.ve been lscovercc ! . The case was hushed up aWl nove ! ' made public. Dhcoverles of defalcations seem to 1'1111 cose ! ) ' nfter each other. Fd 110 wIng - Ing n big e1\I : > OSllro will bo tbe dlaco- Cl'y ofIInny minor thefts , "Wo account for this , " said the heaa of a surety company , "by the fcel1nlf of fear which fills mon who have been qlllety ] stealing , 'fhey bear of a do- fallUCI"s arrest and they loae their nerve. "They make up their minds to fiee to safety befol'o they are found out. Usually If any money Is handy they talto It and Bdp. ] You will find that In the same month the Hlppe ] and Stensland embczzements ] 'wore made known thel'o wor many exposures in smaller banls , " Fcver of Getting Rich. "What l'eU1ed ' would I suggest for : the dishonest mun In bans ] 7" said n. mnn who hils made n study of finan- ; olal conditions , "Thero is one remedy I among the big mon-an unfaUlng senile of honor , Integrity of character , pure , clean , moral lIvcs. "Dut the rever or getting rich ha , Inflamed the country. Men are Impa , . tlent to got money : In fact , they do not clro to wait tor good. Inventmonts to work out slow ! ) ' . ' { 'hey wish to Illungc , to go headlong Into any prom. Ising scheme. "It DUst be remembered that at-I though tbo amount of ban ] [ thefts I have been Increasing thla docs not mean that the } 'orcentaC at suoh crimes Is Increning ! : per thousand of 110plllaton. ! Beslde . there Ii II. great deal mal'O money In banka now than 20 'oars ago. "Tho stupendous figures of deralc tlons In this countrty , however , indt- cato , atate of very loose morala In our buslnors lite , 'rhon , too , with thQ. deslro to get r1ch there Is a growlnw d slro for expenslvo hobbles and ex- \lensl \ va living , The rising financlall Cever Is accompanied by II. tever ot . correslwndlng ga .oty. And a gay lito costa money. " Proportion of DClfaultcra. About one mnn In 1,500 defaults. This showH a high standard among em\lloyes \ or financial Institutions. ' ' 'rwo of HIlt tronge8t deterrents from dlshonosty , " s d. the .presldent of a surety company , "aro the surety hand and the home. A nlan who do- fanHs Imows the Burety company w111 punish him. It makcs no dlfferonce to us It wo ha\'o to .nil five or sl.x years. "Hom9 ties are perlll\pl the bcst Inducement - ducemont to honcst ) ' . A man wlU think many times before ho wlU commit - mit a crlmo which \\111 disgrace him , hcfot'o hll1 wlCo and sepnrate 111m fl'-om his homo. Another iltrong influence for keeplns mon sltaght ! Is the prcss. lly ImbUahlng exposures , both or high and low , a mnn , knowing the dls&TIlCO oC exposure , will stop before ho steals , " I HOW TO AD ERTISE EFFECTIVE METHODS THAT WILL DRING RESULTS. SHOULD" TELL THE PIUCES eneralltles Are Meanlnsleas tl the Publlo-Why the Mall.Ordor Man Wins-Try the Plan , . - I If you , Mr. Merchant , would compete with the 1UIIIlordor houscs thol'o are throe main ossontlals to sllccess-the goods-lhe prlcos-allvCI'tlsln ( ; . The ] nst of these Ilf quite as ' tlal as elthor of the othors. osson'l In the great tllajorlt . oC CIISCS the local merchant has the gooda , and ho makca the prlccs , hut In "ory Jnnny cases he olthor raUa to do the ndver. tlslng , or what ho dooa do la not offec. tlvo In the 111\1110 way thnt tha mall. ol'der man'a ntlvertlalng III offoctlve , The writing of effective advorUslnc Is not nn art , It Is not bllsln089 that I'oqllires 'enl'S ot stlldy to ICl\rn , A Cow hours of stully and cOU1parlson wltI glvo YOIl OVOI' ' essontll\l dotall that 'Oll wltI necll , It Is COmIH\raUvel ) ' safe to say thnt 71 1101' cont. of the advortlslng carrle < 1 by local merchants In the locnl ) Il\pors Is word 011 In gonoralltles only. Such ad"ol'tlsolllents as the followlu& ; are found in every pallor : CO TO BLANK'S I' OR Ha.dwa.o , StOVQS and Tlnwa.o BEST GOODS LOWEST PRICES 1'110 mall.ol'dor ' man's advorUulng Is dltCoront , It Is specific , alld whllo the Klowlnlt doscrlptlons glvon al'e orten , . t , By the aid of the editor the home merchant can rIde the mall.ordor magnatc out of the homo community on the rail of publicity. The moral Is advcrtlsc ; advertlso systematlc llly and persistently. Tcll the public whllt you have to offer , and tell It so they will undcrstand. mlseadlng-a ] thing which Blnnk's ad. verUslns should never be-thoy at. tract the attention of the reader and possible purchaser beclluso they tell abollt some ono thing that ho JURY pos , slbly want. The mall-ardor man makes a run 011 a few things which he Is wl1llng to sell at a coso marglll or proUt In ardor - dor to attract trade In his genera ] IIno on which heavy profits are mado. Blank shoui ! ! advertise hardwo.re In much the sarno manner the mn.1I.order man advertlscs hardware , and ho hus this advanlage-he can Invite the pea. plo or th\3 \ community to visit hln store aqd see the goods themselves so they will ] mow just whnt tbey 11.1'0 buy- 1111 ; , If , Insteud of expressing meaning. Jess generallUea In a two.lnch apace , Blank had uued , J1ttlo moro Apace and properly dlspayed ] an advortlse. ment something IIko the tonowlng he would have bcen sure to have attracted - tractod attention to his store , and In aJ ! probability woulll have boon surprised - prised at the drawing power or hl8 ad. vertlslng : W ASHDA Y BARGAIN SALE AT BLANK'S EVERYTHING NEEDED FOR WASIIDAY AT BARGAIN PRICES During Thursday , Friday and Saturday of this week $3 . 79 for a 5 : reuuarareed best Quallt , Clothes WriDKer , lb. Kinof Wrinll- ers. Solid rubber rolls , steellprinll aDd pateDt lIuld. board , $1 48 for a iood American clothes " 'rlna-er , to Inch rolls , barlllTood frame , for lIenulno "No Sail" Curtain Stretchers , 74C Center brace and will not sa& , _ 98c for eltra heav , cOPPI'r rim aDd bottom wash bollen , for d UD of Iho fint quallt , . Clot be , 14C l'lnl' 18c for so foot whit. Cotton Dralded Clothes LIDO. 89C for hardwood foldlllil Clothes Dar of ex- COPIIOII.ll . sin for Iha mOllOY , : for rull sized very best quality Wash : l2C ! loards , . tor medium . ! zed \llvanlnll iron Wash 75C 'fubs , . tor u.qt. hllav , ialvanlzod Iron \ute.r or 24C I rub pall , J : C tor h st quail I , fiber Water Pall ot CJ : . 4 -.I certlon ll merit. . for all elcellent quality of Iroollll bouds 79C tbat will not warp. ' . C for an ntr" IlfU buVJ wlllo" Clotbca 5'.4 Jjas IIot , 'l'he llrlces , ; Iven here are of courl\O more fiotlon. but lho vrlcell Dh'nk . . . . IIhou1 < 1 quote In hl8 adyertlsement'o IIhould show the public Ulnt he Is I'flnl ' ( bar&'nll\J ! they 8ho\l1 < 1 bo prices thl\t would compare tavorably with the prlcoR of the mall.order cataloJucs , and ho should Impress fl upon the puhllc thnt ho not only show9 thcm what they are buying beCoro they pay tor ft , but thnt the purchnser han no frelghl to pa ) ' , anll doen not lmvo to walt an Intormlnaho ] time for the good A ho bu 'I.1 , as when or < 1erllll ( of the mnll ortlor hOUlIl'S , It Is Rlloclfio atlvorllslng that draw9. The advortlser who describeR In c. tall the & , oodo ho haa to soH , nnd quotes the price ho aslta for it will attrnct the fayorablo attention ot the pUbIlo far moro orton than the ono who doas ] only In generalities. It Is this kind of ad\Ol'Uslng lhat pays , It. Is lhla kind of mlvortlRlnK that Is at. trncllng the (1011l\rs from the smaIlor clUes nnd towns and farms to the 11Iall. order housetl of the city. It III thin kind of advortlslng thl\t (1row $200" 000,000 Into the cotrors oC the Chicago IIII\II.ordor houses none lallt 'ear , and It Is thin kind of luh'ertlslnc on the part of the local 11I0rchantA that the malIordor hQu es CeUl' mOl'o than any ether ono thing , But , Mr. MOI'chnnt , whether YO\lr Hno bo ha\'tlware , dry goods , groceries , clothing or ether commodities , It Is weIl to go further thl\n your nowli1a. per ntlvertlslnc , though thin Is the Counllntlon of aucoess. Go to the locnl prlntor and hnvo him mao you ! IllIo catnlogueD or your own , 'rhoy do not need to bo ] are I\fnlrs , but sl11aH Col ors of tour , olght or 16 pnges , Put into these fohlers the descriptions nnd prices of , the goods you 0.1'0 carrying , or lendorll In the line , Do sure that the prices quoted are right , . then pul ono or thOBO Into the handa or every customer ; lcoop thorn elrcuatlng ] throughout the c0l1111111nlty , nnd mnm a 11I'actlco of gottln ! ; out 1\ now ono every few weeltn , You , Mr. Merchant , can 11Iulte adver. Using pay larger rctmns tban the mall.ordor man secures : you can make It the Ull\lnstay of YOUI' business , and you can ml\ke It the means of IdlIlng 1ho malI.ordor competition In your community. And when you do this do not begrudge tbo pubIlsher the reaAon3oblo prlco ho ass you for ade- qunto apace In his columns. 1-10 wUJ glvo you better value than any other commodity you can buy. WRIOIl'l' A. PA'rTEllSON. NO THORN8 IN HER PATH. Joaephlno Daakam Writes In Trlbut. of the Golden Rule. "I boIleyc myself to be notably tor- tunato In my rolatlons with my do , mostlc employes. Durin ! : , period ot elsht yenrs , In which I have employed household labor in tour wIdely dlffor , ont plllces , I have never once been ad , dressed with Intentional dlsl'espect by any person In my empoy ] , " says JODC' phlno Daskam Dacon In the American Maazlno. "I have never boon ] crt a day with. out DIY regular stat ! of employes , whicll h s varied from ono to five ( tha.t 10 to sny , that I have never been lert BUddenly or without sum- clent notlco to BUPPy ] the vacancy ) . . . "I have never had a satisfactory worker leave me except for wJiat J conslderod , coed reason ( In the mn. , jorlt . or cases un advantageous mar. rlase ) . "I hav nevC\ ' lost an unsatlsCn.ctory one except lJy my own dismissal. ' I have novel' to m ' ] mowleetge , or even susplcloll , Buffel'ed the Joss ot n pen. ny's wOl'lh by theft , nnd my record for hreakago Is Bucll tbat It produces IIttor Incredulity. "III three cases out or four I have harl servlces wfJlIngly and frequently olTIJl'ed 11\0 nlollg Jines where It was . 1I0t expected or requeste , I have had extra money offered by me to offset - set oxtrL work occasioned by 'slekness I'efused on the ground thllt at such times all the household expccted to share the trouble. "And us a climax I am able to state that OIlCO , at least , on my offering a raise ill wages to eXllress my appreciation - ation or computont and dovotell servIce - Ice I walot with the nstoundlng BUg. gestlon that ns my expenses were benvy al the tlmo and likely to Increase - crease I bad better not coashler It. ' .