The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1869-09-25 00:00:00

IRICAN SAFE DEPOSIT COMPANIES.

The Special Correppondent of the Doily News, writing
Fr du New Yo k, gives the following nitereeting par-
ticular. of the means employed by our Transatlantic
bre• liren t . take care of their itsvitb;s :
I have 'teen very much isti uck by a story on which the
Daily Netax received ley the last mail bases a leantog
attic e, ot a Inapt.. E iglehil who, having no place of at cult)
in which to place tii., bawls or' her valuaii.e papers, cart bit
theta with hint in a ca.pet bag when he went on a sunitner
tour, and eolith quietly lost them liven the rehourJes
hitherto offered to pos4temora of valuables hy bankers' vaults
has it se. In% been cut off or rendered litn•afe by the revent
decision proisouticiam batik- rs not liable t. v :he his Of secu-
rities which they have PhD ply tat,i, chat gee of as a favour to
their 'a bailers how, people here have been stiff ,sing
serionaly fr m this sante difficulty for several years hack ; hut
tht y have, I believe, found a rentedv as nearly perfect as any-
thing that can be oevisen, and it may be tuteresting to your
retinas to have it at-scribed.
It was, until three i,r four years ago, the mmtom here, as
ie Eagig...l- inceed it may he mail to he still the pre, ailitig
cute run—to keep their valuable papers in higli it, hir.k•rb'
vaults hut, then, the bahker give. 110 reeet nt for them, Anil
iv hid respotitaine for them ni ca., they are I-at Owing h
other rinses than gross negligence If his safe hhatilii he
entered by burglars or robbed by oishonesh empl.lee .1 hta
own, lite unbolt :I owner of the valuables item/PU.I with him
for safe k a ping has to mit up with the loss as best lie may.
The detects ot the arrangements have not, howhver, been
seriously felt withal the last lane or ten years During that
perioil government bonds, rod veal n hile. ittid other neg. iti
able seihritie% have min. ipheil eno ratiehly—pahtly °ohm to
the meoh in of the pualic fled, Mid partly lo the greet and
rapid I. crease it, the ullitiher id industrial interpriaes. Kari-
n.., s, for in-tape:et, were formerly couatructed ny triedne of
brillSCripilriliS to the stock of the conspahies. They are now
mostly constructed, wholly ,o• in great part, by the ra'e of
loot (pipe nonda—or dchelittir, 5, I helleve you call them
—mei these are all ~,,, t as easily [mustered an money itself,
awl are Munn now in the hwiiiilS of large and se a I invt s• ors
by the Milildik all over the country; the lager portion being
of course, concentrated here in New York, as being the great
fluanciel centre and the prink ipril Seat of the capital. Many
people in courte, keep them at their bun ker's but then, as I
have sihd, the Ntriker i • not rein OtiPilir OF them, iti,il the
hank Yantis /tie xeveriSiiile to many different persons ai.d it
I. troiliderB me and iliconVeliiedt. 10 get 1111101 nil liedilriitly
IS one may remote lii a bank vault. Consn tpietitM a great
niwii) persone got into the habit iif keeping their Perllittles
di I litir nWii trill safes It, their nflic, ; but bet e ale it
mm.11..0% they were far more maimed than au) where
e.ae For, in nbentelice to the me it law of snooty tool
arentana, with the ihultiplic thin of bowls there sr.,:e I
4 later hatai of thieves, specially devoted to the win k
of steal lig bomb., anti now well kilos n to the pulthe as
a daitinct pride-whin Called '..1301.41 r.dil erii.” I think l ant
within bowels whet, I sty that they have during the last
AU, en yen's relived the lawful owner, in this inn, lir trod
kraut., sectillttell to the value id a lidlitiiii 8,11 ling. The)
li ive pet formed some very rcniarkabl - exploits in What i 8
Oral as the "butcher's cart genie.. hi that two or three
c ...federates cruise along the si re eta, towards the opening tir
close of business hoots, in a light butcher's cart, with a fast
tr.•fting horse; they tee a porter or clerk walking along
with a tin box; perhaps Wirty have watched burn from his