The news-democrat. (Providence, R.I.) 1906-1909, 1906-11-27
UNIFORM BONDS
FOR EMPLOYEES OF
NEW HAVEN ROAD

New Haven, Conn. Nov 2.-Tn future
the conductors OF the street railway lines
controlled by the New York, New Haven
and Hartford through the Consolidated
Railway company are TO be bonded by a
security company instead OF by individual
bondsmen.
The change is necessltated by the fact
that different methods OF bonding the
men are in vogue in the various lines ac-
quired by the corporation, and the new
rule is expected TO do away with the con-
fusion arising from the dissimilarity OF
theSa methods.
The announcement OF the railways ac-
tion is contained In statement given out
today at the offices of the company here.
The statement follows:
For many years past there has been
among corporations In general a move
ment 10 substitute security company
bonds for the individual bonds previous
ly required OF all employees who have the
handling of corporation funds in their
charge.
This practice puts on the corporation
the expense of securing the bonds. relieves
the employees of both the expense and the
annoyance OF so doing, and has been look
ed upon by all concerned as a satisfac-
tory solution OF the question.
The acquisition OF the various trolley
lines by the Consolidated Railway com
pany developed the fact that different
system was in vogue on practically every
line.
I'm most cases the burden OF either MAX
ing a deposit of cash or procuring an in
dividual bond was put upon the conduc-
tor With view of making the practice
uniform on all lines it was decided to
substitute for the various and diverse
methods employed one system onf and to
adopt the same system used in general
by other corporations. IL should be noted
that the conductors In this case would be
bonded I'm exactly the same manner as the
treasurer Of the company, the various
cashiers. the collectors and others who
have the handling OF the companys
funds.
1T did not occur TO the railway officials
that there would be any objection TO this
plan. When it was found that the form OF
application for a bond originally put out
for signature. and which had been drawn
by the bonding company. was objection
able in the wording. the form was
promptly Withdrawn and the bonding
company notified TO eliminate the unde-
srable clause.
There is absolutely nothing to the pro-
posed practice except what appears on its
LdNfs Il utlt 10 lp diAtltlpN on lltt HdlN VI
the company, or thought OF attempt, TO
take advantage of its men. and we feel
confident that as the facts become known
to the men. all objections will disappear
and they will realize that the adoption
of the plan is a positive benefit to them.
"A moments thought should convince
any OF the company's employees that the
daily changing personnel, unavoidable
where so many hundred cars have 10 be
manned with conductors. makes II desira-
BILE that some form OF protection should
be afforded the company against n man
who might decamp without a moments
notice and carry with him the entire days
receipts. The practice of bonding is not
aimed at the man who occasionally misses
fare; In fact, anyone who is familiar
with the process necessary to recover un-
der bond OF this kind knows that Il
would be practically impossible to so app
ply It,"