Daily Yellowstone journal., 1886-04-08
EMPLOYEES BONDS.
GOOD SscuRlT'., FOR PERSONS ~
POSITIONS OF TRUST.
New York Cor. Chicago Herald

New York Cor. Chicago Herald
In q large room, whose windows look
on Broadway from one Of the biggest
marble front. down. town. q score OF clerks
may bs seen scribbling In big ledgers from
morning until night 1t is ftts up like an
insurance offi,s There is small spacs left
for visitors near the door, and q high
wooden partition with windows and doors
shutting the scribblers from the outside
world. Railroad employees. bank clerks,
court officers-,om, in the coarsst clothing,
Others in the fnest-enter the doors from
time to time boil Whispered CONVEX sations
with dignifisd official, with spectaclss sign
their names to documsnt ami go away.
The institution Is one OF several that carry
on the business of furnishing bonds where
security is require in positions Of trust
B0NDsNEN FOR EMPLOYEES.
The secretary explained in conversation
the function Of the corporation. The com.
pany.' he said. PROCESSES to obyiat, the
serious liability anl frequent financial loss
consequent upon the condition OF bonismsn
as security for a person in a position Of
trust IL Is chartered under the laws OF the
state OF New York aud is subject to the con-
troll OF the state insurance department Per-
sonal bonds are frequently found to be
valueless because bondsmen fail in business
or escape payment by keeping away whom
wanted Naturally the company takes every
precaution to ascertain the history an
character Of the employees it gives bonds for.
During his employment any actions on his
part tending 70 default are discovsre IL
possible OF course some rogues can cheat
US. and they do There was Paying Teller
Charles A. Hinckley, Of the West Side bank,
New York, who abscon led year ago. We
were on his bond for $4,000, and We paid it
Another absconding teller was F. j.
Dieterichs. OF the Lacleie bank in St Louis,
In the summer Of 1854 He cost US so, 900.
do you go on the bonds Of employees IN
every business iniis iriminatelyT was asked.
mo, we do not Ike TO bind ourselves to
answer for clerks in the employ Of private
firms. Employees Of corporations, especially
those who are ovsrhauled by the state and
national officials at stated intervals, are pre-
ferred IL is impossible to keep track Of
private firms affairs Banks are the favor
ite risks; then railroad companies, staam-
ship. insurance. building and loan cOmpa-
mics or societies, express, telephone or tele-
graph companies, AMI gas electric or coal
companies. Postmaster Pearson gets US to
go on the bonds Of the postofflce employees
The city marshal, the sheriff, the comp
troller, the mayor, aldermen and common
atty OF New YORK, law courts AMI revenue
collectors holl US responsible in money IL
one Of their suboriinatss goes wrong We
charge Q half OF per cent, or l per cent,
according to circumstances, and the rates
Of other companies are substantially the
sama"
DETECTIVE WORK DONE.
IYou must have to keep a sharp watch OF
the persons whoss conduct you guarante,
TO be uprightP
~Yes our main business Is detecting.
These clerk, at work ut their books am
posting up the results of work done By
detective. What means do we employ tt
learn the characters OF personsi We uss
every means known to man Detective
agencie. are not the least useful. Some
times 1t taks' six months to hunt down
man who Is going TO the bad. Recently
the son Of prominent politician in Ohio
had position in q bank through this CON-
pany's bond and he began to be fast In
every way, spending more than he earned,
and we put detective, after him. We
found be was stealing money from the
bank. The bank officials couldn't believe
a E-f a "a N nd fhA
ofy,ci.ls TOO hut wa nut him In isil and he
"a thar. now >
as,,n,os. a NM, anna, n, ,o, On, 20 M -,
ri. hnpd d.. can ,,or Ell ,,ha, y. ~. ~
he "a
au. q, o,,,. ,,o-,o, =, .,.
- -. ..,;,, -, o.. ~. ",,sh,,I,, :,
q on a., hn.;na % var;,v ,hssa -
-. WI ~ r. I,..i. ,,N, =, ~,
,.so r. -. $50. ,,n,,a.,h, ,sa mon NO.
hooks - aa 10 ,hs ann,ic.n, y -, En-, a.,
H.. !. ,ha -, y 80"
On THE BLACK Lisr'
The volume is in black covers. and printed
in heavy black letters are three forms on
each page Each form is for mans name,
age, occupation AMI application, and
large space is left for remarks. They de-
scribe why he Is on the list 1t Is called the
list Of the unreliab!es. and there are 5000
and more.
-when mans name is on that book it's
pretty difficult TO get it off, said the secre-
tary, with grim smile. "We have on file
the records OF upward Of 10000 employees
ara a,anc;as ~ ~. ao,,,.s,. =. -, e.. -.
cities of this ctuntrv IL. c.sb c.nitaI 1.
s25y.O0lp
In the case OF a second comuanv of this