The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1885-11-14

BOND TO ~L1.DN. rL.
him about 1t ana let Us know wuat ne
says
THE Directors went away and the
President with much difidence ap-
preached the Cashier on the subject
The Cashier flushed up at once and
manifested some indignation. He re-
minded the President that he had
served the bank for sixteen years and
handled more than 5000, 600, 900 during
that time. Yes, l know said the
President. apologetically, Nobody
doubts your honesty for a moment, but
you know how queer Mr.. Sage is, and
it won't trouble you any more to give a
$4,000 bond than to give bond for
$4,000
" That is true, answered the Cashier,
calmly, Now let me illustrate the mat
ter from my standpoint Here is u
package of greenbacks taking slen-
der package out of q compartment of
the vault near which the President and
himself were standingl. How much
do you think there is in this little pack
age?"
q L do not know and can not guess
answered the President
There are SS0o,00 in good United
States currency. Now will slip this
into my trousers pocket Tsuiting the
action to the word and after button
ing my coat you would not notice any
bulging of my pockets. What, there
fore, is to prevent my walking out of
this bank some afternoon with $500, 900,
or even S1,000,000? would be in
Canada before you would ever suspect
that had stolen anything"
"But you are not thinking of doing
such a thing, are you?" asked the Presi-
dent. with deep concern.
No, l am no thief" said the cash
Ter. with dignity, but bond for S15,-
600 certainly would not stop me if 1
was dishonest
The President assured the cashier
that he appreciated the significance of
the illustration The next day the
President described his interview to
Mr.. Sage and some of the other direc-
tors. He suggested that the directors
would gain nothing by requiring the
cashier to increase the amount of his
bond
4" 4 don't know about that l don't
know about thatn said Russell Sage, in
his quick, nervous way. as he stopped
to pick up pin off the carpet; money
is money nowadays. l think you had
better get good bond for SO, 900 from
our Cashier. Then if he does run away
with some of our funds we will have
$4,000 instead of $4,000 That is a
difference of 10000, and you know that
$4,000 is not to be sneezed at in these
days."
The three Sociable bankers laughed
heartily at this story. They all knew
Mr. Sage, and they could appreciate
the point of the narrative. After a brief
pause, the banker who had told no
story said: 81 can tell YOU true story
of a young brokers' clerk who. from
deliberate honesty, threw away an op-
pOrtunity to steal 100000. when he
knew that he would never be detected.
When George l. Seney was speculating
heavily in railroad securities he had a
large amount of bonds hypothecated
with first-clasS Wall street firm. The
bonds bore interest-paying coupons,
and under the terms of the hypotheca-
ton Mr.. Seney's clerk was
to have acess to them every six mogths
for the purpose of clipping the coupons.
The clerk was known to the brokers'
firm. One day when he dropped in to
cut off some coupons the hypothecated
securities were handed to him and he
was left alone in one compartment of