The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-01-09

" W VI NidooSe
and descriptions. Many OF these
tricks are concocted by men who for
merly were bankers and they are the
ones for which the banker must be
on the alert.
Il is said that the Postoffice De-
partment and the express companies
transfer billion dollars year. and
vet they do not lose anywhere near
as much In proportion as the banks.
This is due partly 10 the fact that as
soon as money order Is issued, the
offce on which il Is drawn Is notlhed,
and IL there Is any reason TO be sus-
picious the paying office Is warned
The present Postmaster General has
decided TO eliminate this advance ad-
vice. but many bankers regarded II as
o. OF the best safeguards OF the sys-
TEN. and have urred banks to
adopt II. T..
Sometimes the swindlers OF banks
are men employed in the banks.
Knowing all the ms and outs OF the
business they are able To md the
weakest spots. One fellow not long
a o took TO the practice OF checking
on the dormant accounts-accounts
that have laid idle for long period.
Another clerk, who was assistant re-
ceiving teller. held back money ana
deposit slips. and thus was able 10
use large sum OF money for long
time. Sometimes the bank clerk un-
Willingly lays the foundations that
afterward make him defauter. Not
long ago the auditor of large bank
was checking up It's accounts and dis
covered some PACKAGES or bills con-
tanning a note saying that the cash
Ter. the paying teller or the receiving
teller had borrowed dollar here ana
there. for personal use. He repri-
manded them severely, asserting that
the law requires all loans To be pass
ed upon by the board. and these were
loans as much as ii they had been
entered upon the formal minutes OF
the board of directors.
Ii Is said that the BAN OF Pittsburg
lost $500. 900 in single year
through the dishonesty OF officials
a., employees. a sort OF Bertillion
system is 10 be tried. SO that IL clerk
or an official should go wrong. he
could be the more easily located. But
more than that. the kno Wedge OF the
fact that this precaution has been
taken is expected TO act as deterrent
for many young man who might 9TH
erwise be tempted TO - wrong. One
cial was recently presented with
$4,000 for his wise conduct OF the ar
fairs OF the bank with which he was
connected. and not long afterward 1t
was found that he was an embezzler
on a large scale.
In England il is almost impossible
for an outsider To get his hands on
the checks OF any bank The financial
institutions there are as careful 10
prevent their bank checks from get
ting out indiscriminately as they are
! to protect their money in the vaults.
The American custom Of allowing
blanks TO lie around on counters aces
sible 10 everybody is unheard or Ii
| Is said that II is much more diincult
TO swindle a bank i nEngland than In
| America
=. novel case has arisen recently in
volying the rights OF the students in
business colleges TO give checks In
| the course of their make-believe bust
ness operations Baltimore school
used the blanks Of local bank I'm
It's operations. One OF these, calling
for the payment OF $2fJ. was lost In
the course OF business in the school.
and months afterward turned up in
Oklahoma. where IL " cashed. Be.
! fore reaching the bank on which II
was drawn il had passed through a
| half dozen other banks. Many bank
ers thing the law ought 10 prevent this
| sort OF stimulating business methous
observation-disclosures Tax Amend
! ment.