Arizona republican., 1911-04-21

lLoNett Drug CO. and druggists every where sell HYOMEI.
 ing in the mire instead of leading the world in the healthy delights and | wholesome triumphs of life. The i'm dustrial leaders of the United States | are but coming to a realization of the enormous waste in the dishonest mans dissipation, and they are only | beginning to appreciate the import ance of national movement for the l protection of the countrys money from the comparatively few, and vet large numbers of men who are too weak to resist the inclination to delve into the cash registers of corpora tions, banks. or other firms or com panies employing them.
 50 disastrous is the effect Of this golden plague upon business, and up on the general handling of money by ] trusted persons. that bankers asso- citations. state banking departments. and the United States treasury have racked their brains to find a rem edy.
 | "TO meet the need of insurance ! against loss. just as the fire insur- ance companies are spending toll and dollars and are succeeding in the ef- fort to check the vast waste by fire | in this country. there has come into | existence a kind of corporation that | insures governments. wards of courts, and private business against the dis honesty of subordinates. These com panies have multiplied and grown in size wonderfully during the last ten years. and the demand for their ser vices has made nearly every one of them a strong financial success from the beginning.
 These companies have no more de- 1 sire to pay the losses of the men or the institutions that they insure, than the fire companies have to foot the | damage done by flames, so these new insurance companies. known as surety corporations. take just as exhaustive | care to learn the conditions that will lead a man to theft and then to pre- | vent the act as fire insurers do in | inspecting premises, having fire de partments improved, and extending the bounds of municipal districts in which frame buildings are forbidden.
 The writer of the article goes on ] to describe the methods taken by the | bond givers to insure themselves and the employer from suffering loss by the peculatiOns of an employe. and it makes an interesting story. giving an insight into the view which modern financiers and capitalists take of dis honesty, its causes, and preventives.
 The subordinate who applies for the bond guaranteeing that he will l not steal, and if he does, that the in- | surance company will reimburse the 1 employer, must tell the surety com | pany his record as a wage earner. | Agents of the surety company. to | whom the application is made, then set an almost unlimited means of in vestigation to work to unearth about | every significant act of the applicant | in a position of trust, and to deter mine definitely if he is really trust worthy. By that procedure unfit per sons are kept out of public office or | civil employment, and thus an ef- | fective service is rendered.
 Next if the applicant is found to be clean and bond is guaranteed. those same agents watch him closely in office and outside to make sure that he remains clean If he takes ] one step off the straight and narrow path, they quietly suggest that he. re- turn before he has done actual wrong. If he manages to filch his employers money after all. the company prompt ly makes the loss good. and takes up the chase after the defaulter.
 There are no detective stories eX- tant more thrilling than those that could be told daily by the inspectors
 
 suit is relentless. A cell or a suicide | is the inevitable end of the man un- der a corporation bond who goes | wrong. real estate operator was | arrested in Brooklyn, New York. a | few months ago for a theft of s15O | after he had been hunted without a | days stop for six years. A Boston | bank teller has begun a sentence of | five years as the end of a pursuit of | four years. closing in Nevada.
 Notwithstanding the fact that em | bezzlement is becoming more and | more common and the losses are mounting. they are not increasing | nearly so fast as they would without the strongly deterrent force of these surety companies. Bonds given to assure good faith, are. of course. old CT than Shylock, because the ancient | hostages of classic wars were bonds in human form. But with the eX pansiOn Of money itself, the facilities | for spending money on pleasures. and | the means of communication and | travel in modern times. the tempta i ton to make merry on somebody | else's property has at least kept pace, | and has made the old time bond, | given by a friend, for a friend and | risking the personal property of one | individual on the character of another individual. a very inadequate form | of insuring honesty"