The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-14

WHAT IS TO HI DONE WITH THE UNKNPLoYKD =
Amidst all the new societies and companies
started in this age Of progress, and with all
the fresh ideas teeming in this great and en-
terprsing metropolis, where the thoughts OF
80 many thousand brains are at work devils
ing schemes O. money. making, or modes OF
bringing human skill and art into play 10 the more
rapid and yet healthy develoPement OF our COM
mercial resources, il is curious tina here is one
gsod idea, obvious enough to every one, that has
not yet been preached, or at least has not come
before tt e public.
The great utility of Commercial Guarantee So
ciety for this city has been suggested by the ex-
IRENE difficulty many young men of excellent
character, and of the highest integrity, find in pro-
curing security for situations OF trust, such as
book. keepers, tellers, or cashiers in banks, for
which they are in every other respect ell qualified.
II often occurs that the best men lose the most
valuable situations Ito hich inferior men are ap.
pointed) simply because they re unable to give
the required security. Those, perhaps. who know
them best, and whose word my be as good as a
bond are not possessed OF sufficient wealth to cover
the necessary amount and others, who may have
ample means, and know the applicant, will not take
any trouble, or incur even the most remote risk,
where they derive no pecuniary advantage them
selves from he transaction. This difficulty
was long felt IN England, aud the wants of a
numerous and respectable class--the mercantile
clerks-produced guarantee societies in London,
and other cities in that country, which have been
tended with the best results As like causes
produce like effects there can be little doubt that
a similar society set on foot in this city, with the
right kind of men a. the head of il, would prove
not only remuneratve TO the stockholders, but of
great advantage 10 large class of deserving men,
while the merchant and the dire ctors of companies
would feel relieved from much anxiety, being in
sured against all less that could possibly arise
from the dlshor esty of their employees. For in
stance, stage proprle ors would be insured against
the frauds of drivers, and alogether better class
of men would b employed, a. the company would
not be likely to run risk unless well satisfied
about the character o. their man. A society OF
This kind would be totally different from intelli.
eence Offices, the proprietors of which so often
fleece their dufes. Unless a man actually OBJ
tanned the situation, he would not be compelled to
pay for the security so that in every instance value
would be received for the cash paid dowa.
To give conf ence to merchants and the public
at large, it would be nece ssary to have substantial
men, f onorable reputation, directing and control
ling the comp my. large capital g ould be sub.
scribed, a efficient organization established,
so as TO Obtain II necessary information about all
persons applying for guarantees, and thus to pro-
tect the company from loss. In fact, it would be
10 all ntents and purposes an insurance company,
and the guarantee of each individual would be
more or less hazardous according to his reputed
integrity and honor.
We have thrown out The idea. Lett be taken for
what il is wofh. W. are satisfied that if good
men take hold OF It, they can turn ii to most useful
aeon.