Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-08-12
NO MERCY ron THE RAsoALs.
What Bonding Companies Do to Those
who "DO" Them.

who "DO" Them.
Springfield Republican.
One OF the helpful things in this era
of financial Irregularities is the relentless
way in which the big bonding companies
pursue those who break faith with them.
No matter how far away the thieves may
go, or even If restitution is made, the bond
ing companies do not let up on their pur-
suit or the purpose to prosecute. A strik-
ing illustration of this firm policy appears
in the case Of Frank c. Miles, charged
with stealing $4,000 nine years ago in
Boston, who has now been found at Cape
Town, South Africa This shows the far
reaching character Of the effort to capture
defaulters. Then, too, there is Willard S.
Allen, who is wanted for embezzling SlOO,-
600 from the Methodist preachers aid So
ciety. who is said to have been located in
Buenos Ayres, South America. Every ef-
fort is being made for his arrest and extra
dition to this country. and II is to be hoped
that success will crown the attempt. He
was the meanest kind OF a thief, operating
under a cloak OF seeming exceptional sane
tity. Then, too, the agents of the bond
ing company affected are earnestly seek
ing after Frank K. Vinton, the missing
cashier Of the Oxford national bank, whose
disappearance in February disclosed
shortage OF $500 in his accounts. Another
man whom 1t is hoped to secure is Lawyer
Charles F. Berry OF Boston, short in his
account with estates for $500, 900, who dis
appeared early in March,
The head OF the Boston Pinkerton agency
thus describes the way in which the large
securities companies proceed:
"Once a man is bonded in those companies
he is never released uphill his obligation is
regularly discharged. If he steals and runs
away there Is no compromise. II his folks
settle IL makes no difference. He will be
sought until he dies. 1t Is bounding sys-
TEN that Is considered necessary to the
general scheme. No one can be bought on
for wrong doing; he must pay the penalty
or remain banished from society to the end
OF his life, hidden and ever alert lest he
be discovered, for once located he can
scarcely escape. When a defaulter skips
the matter is either taken up by the surety
| companys agency or turned over to us.
The procedure is the same in either event.
We notify our twenty Offices from Maine to
| Oregon, give an accurate description OF the
man and send his photographs II possible.
We also send an accounting OF all OF the
facts leading 10 the crime. The amount
OF money is given and whether taken in
lump sum or through speculation. Core
spondents in all countries and lands are
notified. Soon we get into touch with all
police departments. wherever located. II
nothing tangible shows. we next flood the
cities of the world with circulars setting
forth all the needed information. AS l
said, IL is a case of hanging 10 the man
for all time. II is as easy to get a man
in India or Australia as In England So
with other possessions about the world
Small independent countries are the most
trying TO international law"
II will not be denied that this method f.
the only one for the bonding companies 10
employ, or that their course makes for the
safety of all financial Institutions This
Is one OF the reasons why bonds OF this
sort are coming 10 be insisted upon.