The Arizona sentinel., 1886-05-22
FIDUCIARY CRIMES.
Two Plans For a Reduction in the Mum
 Der of Embezzlements.

Der or EmDeLLiemenUS.
 What can be done to stay the tide of fiduciary crimes. There is a 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 trusted? 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 secured? That 294 men occupy the convict's cell for the theft of about $50, 1000 is not assur- ance that the class have all been caught, locked up or disclosed. Nor is it cer- 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 mana gers. If the State would enact law by which an accountant could be licensed, as in England, we might have the serv- 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 the business he had investigated, the aggrieved principals would secure re- dress through his bond. Of course such contrivance would lose the accountant his license and his reputat on. It is the custom of house having several branches in the various cities of the Union, all doing large business, to send twice year corps of book-keep- CTS from the home office to investigate the books of these branches, at the same time taking the book-keepers from their branch houses to the home office to over- haul the records there. It has secured absolute honesty in their business, sys- tematized their methods, and been a stimulus to their employees. All con- cerns are not so situated, but no honest manager or book-keeper will for a mo- ment object to the sharpest inspection, and no employer should for moment monthly and semi-annually are handed him.
 The tell-tale, the espionage, are not popular Gossip and islander are despicable, and no one thing so quickly initiates as the report of suspicion: and yet very few crimes come to the surface out of the mercantile and public employ, but scores of T told you sos'' abound. It is a delicate office to perform, acquainting house of the evil an en- ploye is into, and yet there are few men so associated in organizations and orders but that seeing an erring brother they cannot find wise counsel to whom to make known the facts, and so reach the parties at interest. The bucket shops have been a prolific source for irregularities, and no prudent employer has wish that his people shall pa- tronize them. Fast associates are the allurements to hundreds of youths, and peculations their chief support. If young men and the middle-aged ceased to wink at the ''follies of the day." and were as stern in their integrity for their associates as they were for their own characters, vast deal of this dissipa- ton would end, and compulsory hon. esty would save many an embezzler "Am I my brothers keeper?'' was an- swered in early times with a decision and an experience that ought to have its influence to-day. The matter is worth very serious attention, for these multi plying defalcations are making it more and more difficult for even honest men to obtain positions of confidence, trust and emolument.-BOSton Budget.