Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-05-26
AUDITING cooks AT NIGHT.

One Featut., or Exrrrt Accounting F''t:s
I, rrrtnrus,4i in >rrr't
II will venture thu t:s; innate, MI"
u we'll known public accountant ~
Gently. that not one: l>alf III: tlIei|
: number IT. ,lrfulttttisnl= u1ltl tlN:if>
fr<1tl ;<4Aal t.al anil financial l'a@.1
t,l,iot1. ;t1,,l t11s11&,'s* houses ~: tl4t' +
city .trv never 1p;tt1r r11lle: X. !: -: ::. +"
Business t1r1l, l1e tutat1nne*.~ |
"utx> lt,:1tl, ;f, u,l1nit that they l.aNr. |
1rt1i. i :ittii; tliMsl, !: They VI: on tltt*j
tlst<< f1xxs publicity i>+ *tttla tno{tt1t*
might illlilre their credit l,11* ~
u11cntly, unless tho amount i large
every effort II nude to keep tho mat
tor cut o1 eu,,rt even though It 81
tails ~s'1l}o lo>s. :.
Tl+. ,a,',lic have u.} it1ta that tic
principal work Ut un expert account
INT cu,,1... In play IN settling estates,
examining the h<n1k. ut '&'r1:*'ftt'rn>+
making Investigations fUr capitalists
who aru :tlt,,1t to invest money i'll
business ventures, u1"nin*; up IT."
books and Snplg over tt>' books Ut
institutions That have lte Il robbed.
''Th;tt il, however. hut Il small r"1'.
tiuu If tho work. What We call the
auditing feature IF the business has
developed largely Of kite. The con
ducti,,n of this reveals much that l.
startling in u Grim .:,al Way. nnd
leads INT t. the ass r'iu1l that not
one~h1lt Ut the lefu r:ttit'1> commit
ted u,t ever made *4b}lc.
WHEN asked for il more co1nrlet"
expl,t1n. 49,. ot tn: a1lthting ftnt1trr
tho ;rtuuuturt sail Il will illus
trute will. Il cast. that have just
concluded.
THE lv4,ks Of II large Wholesale
llous+. were balanced by the office
forro at the cnl ct tic yr;tr. They
showed the profits IL be tar less tllt'n
WAS expected. Thu partners 'l4d a,t
idea Ut forming Il stotk company ut
,;r:.r business, They dill not lue.'
*1lt,n tliv integrity Ct their cashier,
..who had beth with them mAt%
>vc&tr>. At the same time: they were
:. anxious t. find ont it everything W&1s*
M: II going properly III their *'tticr. r.
: !: :. :: ."They explained the circumstances
: !: to Inc. s,,n1 proposed auditing tlell
i hook. ind outlined tho work. II
amounts to.=nothin% n1o11. nor U.s.
ths4n this: Every night after tho Ut
flee was closed tho junior partner
ct tho til1n met two I'll my men win
were specially detailed fu1' the rur
pose. Together they proceeded Il
tho office. opened TIN, safe aa<
worked until \ clock III the. morn
iu! =. r.: -. T.. -: : -"
Every individual transaction {,
the day was taken III, and entered u
,lrets TT lapcr ;1s though wv Wett
thu. clerical force Of tic house. W
1u:vt.r rn:4tlt> m entry t1l the hooks ii
attempted to chuck l'af'E FROM them
For Il month we continued tbs Vt'l'l
without tl't: Knowledge IF the <'"s}f1t'
or his as>l,tant>.
The result H'as us ! expected
We discovered IN elaborate system
Of falst entries Ivy which the t111
had been tlttrs11d.'l fur Years. Ill
cashier VIZ. taken 10 tiask, wltl1ou
lNlHn lUItuIIltHt lI4+&% tll@ V|'n.' 1A"'
1nv11 audited. He denied his guilt
Threatened suits for slurl(ler and IL
3u1uctl IL vi1tuo,l> indl@naticl
When tho other set ct hooks wa
shown t. him, however, hc w1lte'
cunfessrl the crime and plcadcl IT.
mercy. As he had been with til
house for I; long time liz was pcr1nl
tel to resign. aud / TT ct''1lsc n
pledged to s,c1vcy regarding his llc1
tity.
:Thut <:.>t.," said tho accounta1
in conclusion, lis but ont ut man
where Il crime is husled up, and
lie added, that Wholesale house
nut the OILY o1lc whose books Ea'
been uulitctl nor Ito we expect
terminals with it The auditing tt
turc ct our business, New l"l
Heru11