New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-22
A TACITURN PRISONER.
Continued from first page.

Continued from first page.
tives The surveillance of bank employees Is cus
omary and proper Surveillance means the en SfV out
if they frequent poolrooms pet on on ,nIISame have
gn9 haB when are not
rate with their salaries. stop In three or -FOUR iIquol
dulge in morning cocktails before going to business:
prudent bank president who discovers tast ne haS
habits viii get rid Of MIN as quickly as possible; II
he doesn't do So the empoye IL dKSy 10 80 bab I
bad to worse. and as Indulgence IN suen naoits
forms the groundwork for defalcations, SOONER OF
later such an empoye will help himself 70 the
banks funds if he gets the chance
THE NEW SYSTEM OF BOOKKEEPING, ETC
The new system OF bookkeeping and accounts
adopted by the Shoe and Leather Bank Is the same
as that Of the Fourth National Bank. 1t is i'm
practicable to describe it infinitely. Summarized, 1t
is as follows: Passbooks as far as possible. are
case of necessity Trial balances of all lcdeers are
taken off at frequent and Irregular periods. ana
compared with the balances of the general ledger.
Bookkeepers no longer receive from or deliver TO
depositors their passbooks, which now 20 through
the hands OF an entirely different emploNe. com
pairing dealers ledgcrs with the balance ledgerS
and having a separate cmploye in charge o. the
passboOks mVkc system Of three safety checks,
and render It impossible for any defalcaton to
occur unless there is criminal coilnsion between
three employees. whose respective duties are on
urcly separate and distinct These parts of thr
duties OF the three employees were formerly entirely
done by Scely. on whom there was no check al all
\ debit and credit cashhook has also been intro
but not previously used In tn, Shoe ana Leather
Bank An important check is in the sudden chang
ing OF employees irregular and. TO them. uncX-
pectel periods by assigning them to different duties
at other desks than those at which they have been
accustomed 10 work \ committee has been ap-
pointed to examine books at frequent and irregular
periods without previous warning or notice TO ON
have a sufficient number OF assistants TO enable
them TO do their work quickly as it must be done
be effective and thoroughly trustW orthy \
bank examiner, with couple of assistants goes 10
bank early before its vaults opened. and
Ss-
force IS 50 small that an employc whose books
straight has time up his Irregularities
before the examiner and his assistants reach them,
and then In the comparatively brief and super
make the fraud. II shfuly perpetrated. may re-
main for time undiscovered. though ultimately
disclosure is sure 10 come, and often perhaps By
the mcrcst accident.
FUTURE FRAUDS WELT~NIGH IMPOSSIBLE
Under the new system adopted by the bank future
defdlcatons are wcnch Impossible. and should
any occur they would be So quickly detected that
they would be unlikely to attain any very consl-
cradle magnitude. The examination by which
Aymar's defalcaton was discovered. extended back
full year, and 1t was found that tho s3ooo de-
ncency had been carried right along with perfect
II showed that the stealing must hav, been done
prior TO a year ago. but Just how long is unknown.
than year ago but why he stopped cannot I'M
agne II has not yet been decided whether or not
the examination shall be- continued and carried fur
Their back. 80 NOT think hat any other deficiency
now exists iu the bank. ami 81 IFS present en-
ployes are suspected OF having stolen any % It's
money or committed any Irregularities
KEPT \ ZONE WATCH OK AYMAR
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j." minutes '"'' hiEhL 10y q Irlo'h" reporter. Ny
cole had just reached his home. a. Len1X-ave. and
one hun lrcd- "a nd .vcutecuth-st after a long
la,, stcnt with Vlc.-T.r.siIcut IItncr tartlv nj
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