Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1886-06-01
EMPLOYEES BONDS.
GOOD SECURITY FOR PERSONS IN
POSITIONS OF TRUST.
A Company Whi"I Gives BnndS for Sub
ordinate> Of Corporations and Hu-
sinrs> Firms -DetectiVe Work
A Canadian Institution.

rEcu Nur, rur Chi,agu Herald
In larLe room. whose wIniuws look
on Broadway from one Of the b ggr,t
marble front. downtown u score 0f clerk,
may be seen ,crIhbiug in bIg la tiger, from
morning until night. 1t Is tit'e up Ike an
insurance office There l. small space left
FOR VI ItorS near the door, and a high
wooden partition with windows and doors
shutting the >cTlbbIer, from the out lie
world RuIroaI empIryes. bank clerk.
court U!tcerS-,um, III the coars I clothing
Others in the fnest-enter the doors from
time to Tina. holi wLisprrel couvcr ,ation,
with dIsnlti.d utIiclal, with spActacles sign
their names to a dncum mt AM g away.
The institution l. Ona Of several that carry
ON the business OF furnishing bond, where
security i require ia p Dslti1nS II trust
BONDSNEN FOR EMPLOYEES.
The secretary eXplaine IN conver'atiCu
the function Of the corporation. The cola.
piny,' he SAID, profesSeS TO obvIats the
serious liability AMI frequent financial loss
consequent upon the con lItIon of bDni~ ,n
a security for "A psr,On in a position of
trust II is chartered un ler the la ws Of the
state Of New Gbrk and is subject to the con
troll of the I tate assurance department Per
sonal bond, are frequently found to b.
valurless because boadsm,n fail in business
or escape payment b. keeping away when
wanted Naturally the company takes every
precautiOn to Ascertain the history an
character Of the employees 1t gives bonds for.
During his employment any actions on his
part tending TO default are dI>covere II
pos>lbl1 OF course some royues can cheat
US and they do There was Paying Teller
Charles A Hinckley. OF the West 81 ie bank,
New York, who abscOn led year ago We
on his boni for SlOODO, and W. pail it
Another absconiiny teller WIS F. J.
DIeterichs. OF the l. Gle ie bank in st Louis,
i'll the summer Of 1854 He cost u, so. OOJ.
"DO you 60 on the bonls of employees IN
every bu mess iniiscTiminateyt' in was asked.
NO, we do not like TO bind ourselve, to
an-wer for clerk in the eT DlOy of private
firm. Employees of curpDI atIun<, especially
tho who are overhauleI bv the state and
national officials at stated intervals are pre-
ferreL 1t Is impOS ,ible u keep track Of
private firml aft airs. Banks are the favor
ite risks; then railroad companies, team
ship, insurance. buil!ing and loan compa-
ME, OF >oCietIe., expires, tels phone or tele-
graph companies, AMI ga. electric or coal
companie.. Pp,tma ter Pear ,on gets us tc
20 ON the bonis Of the postoflice employees.
The city mar hal, the sheriff, the comp
troler, the mayor al lermeu AMI common
atty OF New York law c urts AMI revenue
collectors hOli us responsible in money il
one of their subor Iinates goes wrong We
charge half Of par cent. or | per cent,
according to circumstance, and the rates
of ot rer companies are substantially the
anne"
DETECTIVE WORK DONE
"ToI must hav. to keep a sharp watch on
the per-ons whose conduct you guara ntee
to be upright"
Yes our main business is detecting
These clerk, at W rk at their books are
posting VI the results Of work done by
detective What means do We employ -
learn the character of peTS SrnSi We u-e
every means known G. man Detective
agencie. are not the least useful. Some
times it take' six months to hunt down a
man who Is going to the bal Recently
the son Of prominent politician in Ohio
had a position in bank through this com
pany's bond, and he began to be fast in
every way, spending more than he earna |,
and We put detective after him. We
fuuni he was stealing III Insy from the
bank The bank officials coulin't belle We
it at first The fellow begged, and the
officials, too, but We put him in jail aud he
is there now
"Suppo,e man comes to get you to go on
his bond. How can you tell what or who
he is
"Hs must refer Us to some person of char
acter who will vouch for his reliability. IL
is our first bu>ine TO verify these refer
ences When We have little list Of men
who have proven unworthy We examine our
DO k 10 ee if the applicant is on that list
Here Is the book.
on THE BLACK LIST.
The volume Is in black covers and printed
in heavy black letters are three forms on
each page. Each form is for a mans name,
age, occupation AMI application, and a
large space Is left for Remarks. They de-
scribe why he Is on the list 1t i, called the
list Of the uureliabes, and there are 5000
AMI more.
1When a mans name is on that book its
pretty difficult to get it off, said the secre-
tary with grim smile I'VE have on file
the record, of upward Of 10000 employees
Hho have applied for iniorsement There
are agencies Il the company in all tn great
y.
t25J. .OOO
In the case of a sscDnd company Of this
sort a printed circular makes >igniti ant
statement: The fact of this country being
Il Canadian institution Canadian italici. Ell
1--WE it particular and special value to
American (American italicseN h corpora
ton, In that detaultsr' bonded in this
company VIII may take refuge by crossing
ba lin
ton OF the Canadian laws AMI are amenl-
able 10 legal arrest at the instance Of lhs
company. Their ervices are always at the
commanl II the company client. aIl
have frequent been OF material service in
the recovery t. employers Of Iosse. SUI
tnined by them over and above what may
have teen guaranteed by the company
bond"
This company has the character and his
tory Of nearly 6J.OOJ employees and a regis
ter Of nearly 1000 unreliable. 1t has paii
$3.50. 900 to employer, for losses sustained al
the hands of employers It's paid up cap.-
tai i, $4,000 81 1T seems that rasca!ity
provides legitimate business t. "a consider
able ext,nt
supplies for Railroads in India
What class Of railway sleepers are used
a India and South America Are any
metal sleepers used in these countries
asks writer Of The London Mechanical
World and they answer In India, where
wood Is expensive and for other reasons.
rectangular blocks of cast iron have been
rsed as sleepers; also light cast iron ,hol-
lOwl chairs with tie rods The chairs, etc.
ire, or were few years ago. largely eX-
ported from Glasgow TO India, and are
'uitable for light traffic over sandy soil on
narrow gauges, more especially such as
the Punjaub, Sclnde, or other large rail
ways which have three feet three inches
gauge, the Indian government having