The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1886-05-21
FlpuclARY GRIMES.
Two Plans For Reduction In tho Num-
ber of Embezzlements.

Two Plans For Reduction In tho Num-
ber of Embezzlements.
What can be done to stay the tide Of
fiduciary crimes. There is continuous
round of disclosures of embezzlement
and forgery that makes the trusted en-
ploye anxious, for if men whose lives
are the most circumspect and who enjoy
the highest honors fall, is any mans
reputation safe. The multiplicity OF
such cases has sent shock into every
Avenue of investment. and touched with
more or less influence the vast majority
OF employers, SO that it comes as very
| serious question, Who can be trustedP
| The high value of an honest man has
been history's delight, but has the spe--
cies become so rare as to be extinct, and
has the world gone beyond the methods
| by which they can be securedp That
294 men occupy the convict's cell for the
theft of about $50, 900, 900 is not assur-
ance that the class have all been caught,
locked up or disclosed. Nor is it GER
tain that the disgrace thus branded will
check the flood of rascality. This
iniquity ought to be ended, and every
honest man is ready to join in the meas
ures that best suggest how to do it.
There are two plans worth discussing,
and that are not wholly novel in their
workings. They are, first, by means OF
regular inspection by public account.
ants, and second, by the cooperation OF
honest employees in disclosing the habits
and society of financial clerks and mama
gers. If the State would enact law by
] which an accountant could be licensed,
| -. ,,rrht how 40
ices of competent man to overhaul the
affairs of firm at any time. By the
, terms of his license, and the bonds he
filed, absolute integrity in examination
, would be had, for If by accident he over
, looked any item wherein subsequent de-
! velopments show fraud had existed,
this accountants bonds would be held
. responsible; and if he were found to
! have disclosed to others the secrets Of
E the business he had investigated, the
. aggrieved principalsswould secure re-
= dress through his bond. Of course such
contrivance would lose the accountant
his license and his reputation. 1t is the
4 custom of house having severa
! branches in the various cities of thu
: Union, all doing large business, tt
:. send twice year corps of book-keep
ers from the home Office to investigate
i thu books of these branches, at the SAM
= time taking the book-keepers from thei
branch houses to the home office to over
haul the records there. 1t has secures
absolute honesty in their business, sys
tematized their methods, and been
stimulus to their employees. All con
20 Germs are not SO situated, but no homes
manager or book-keeper will for me
d ment object to the sharpest inspection
W and no employer should for a momer
:, hesitate to verify the balances the
- monthly and semi-annually are hande
him.
e, The tell-tale, the espionage, are ne
oil popular Gossip and SANDER al
IT, despicable, and no one thing SO quick
r. irritates as the report of suspicion: an
:, yet very few crimes come to the surfat
- out of the mercantile and public emplo,
.. but scores of II told you SOS" aboun'
a It is delicate office to perform
at acquainting house of the evil an en-
sh ploye is into, and yet there are few me
in so associated in organizations an
e. orders but that seeing an erring broth'
~ they cannot find wise counsel to whol
ed to make known the facts, and SO reat
is the parties ut interest. The buck
in shops have been prolific source +
he Irregularities, and no prudent employ
ch has wish that his people shall p
de tronize them. Fast associates are t
If allurements to hundreds of youths, al
yes populations their chief support.
ith young men and the middle-aged ceas
lily to wink at the ''follies of the day." a
ess were as stern in their integrity for thu
t a associates as they were for their oN
ian characters, vast deal of this dissI
all ton would end, and compulsory he
do esty would save many an embezzl
The sam ! my brothers keeperP" was {
Is swered in early times with a decisi
de, and an experience that ought to have
pi- influence to-day. The matter is wo
err very serious attention, for these mu
mic plying defalcations are making it m
its and more difficult for even honest n
= to obtain positions of confidence, tr
and emolument.- Budget.