The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-10-31
MANY GIVE BONDS
SURETY COMPANIES DO C0NS1D-
ERABLE BUSINESS IN BUTTE.
BANK CLERKS HELP THEM OUT
Confidential Financial Agents and
Others Make Possible Here q
System That Prevails in
Eastern Cities.

Among the evidences that exist OF
Butte's up-to-date style of doing BUSH
ness is the fact that several surety COM
panies, or agencies for such companies,
are in the commercial field here.
In many of the Eastern states the
system of bonding employees has gone
so tar that even the motormen on street
cars are required to give security for
the faithful performance of their
duties. -
This security is now obtained almost
exclusively through one of the many
companies which furnish personal bonds
for people who have to give some imam
cial security to those who employ or
trust them.
While it cannot be said that the per-
sonal bonding system has gone as far
in Butte as it has in several OF the
Eastern cities, there are, nevertheless.
many persons here who have given per-
sonal bonds to their employers or to
other people who trust them.
Establishing New Agencies.
The giving of these bonds makes busl-
ness for the surety companies, and they
are establishing agencies here right
along.
Men who are confidential agents of
corporations or societies are the ones
! who are most commonly bonded, though
there are numerous persons otherwise
employed who find it necessary to give
bonds.
There are many bank employees and
| financial agents for societies here who
| are bonded by surety companies" said
| Ex-Governor Richards, who is himself
an agent for one of the bonding COM
| panies.
II think the custcGn of bonding en-
! ployes Is in favor In Butte, and that 1t
| is becoming more common each year"
'The surety companies have worked
! themselves into favor in several ways"
declared business man who Is we'll
| acquainted with their system. I'm the
! first place, when a man wants a bond
| and can go to a surety company for 1t,
| he is saved the embarrassment, perhaps,
| of having to ask personal friends to
| stand good for his conduct in affairs
where a misstep of his might cost them
a great deal of money.
Usually Very Careful.
I'm the next place a bonding company
is usually very careful about looking up
a mans record when it is going OH his
bond, and the mere fact that he can
get the bond Is something of a recon-
mendation to his employer.
Another thing that makes a surety
company strong is the fact that it gen.
! orally spares no time nor expense in
running down a man who has gone
| wrong and causes It to suffer. loss.
"A man who is bonded by an institu-
ton that he knows will keep after him
for years and trace him to all parts OF
the world Is going to think several
times before he puts his hand into the
| till.
"Then there is system of shadowine
that is carried on by some of the com.
panies that is a terror to wrong doors
Sleuths are set after man to see if he
is doing anything that is not right.
Simply Part of System.
There may be no suspicion that the
fellow is pilfering. 1t is simply a part
Of the system to watch all the mer
bonded by the company.
II don't think that this system OF
camping around to see what bonded mer
are doing is maintained by all the com
panies.
However,, all of them have thei
ways of finding out things and the maj
who is bonded by surety company il
scarcely wise and dishonest at the sam,
time"