The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1916-09-08

| not one man in five. having such an &C.
count, who can tell the amount of It"
This statement was launched dur
Ing the evening meal at Mrs. Hud-
sons very respectable boarding house
| In the prosperous little town of New
Beaufort, which slumbers in one OF the
valleys of central New York.
Il must take issue with you there,
ventured the elderly rector of the Epis-
copal church who. being widower.
boarded with Mrs. Hudson. Il, for in.
stance, have managed to save little
money for old age and l can tell the
amount of it to penny"
And / know just how much l have
on deposit" insisted Miss Dolan, the
school teacher.
And | am quite sure Of mine," as
serted buxom widow who had collect.
ed life insurance.
LAS a test Of my contention" said
Gard. II am willing to pledge box OF
candy to each of the ladies and cigars
to the gentlemen who will set down
the exact amounts of their inactive &C.
counts in the First National bank and
then prove their figures correct by ap-
plication to the cashier"
This proposal appealed to those who
had been drawn into the incipient con
troversy. Next day they asked for the
figures, and each had won his reward
Gard seemed chagrined that his theory
oh hou hnc f0 tho UindQ
but he cheerfully stood treat.
For he had established a fact very
important to him. The inactive &C
counts of the First National hank OF
New Beaufort were intact.
This was one of the first steps in an
investigation of financial institution
which. while seemingly in the best OF
condition, was suspected of having
been looted for hundreds of thousands
of dollars. Special agents of the de-
partment of justice knew that an OF.
fetal of the bank had been trading
heavily in Wall street and that he had
lost Gard, a member Of this new de.
tective force of the federal govern
ment, had been sent to investigate
Representing himself as bookkeeper
he had secured position with the
leading grocer and had come to board
with Mrs. Hudson.
He stayed three weeks. At the en-
of. that time he reported the shortage.
fixed the blame upon the man re.
sponsible for 1t, showed the methods
used, cited the accounts from which
the money had been stolen, told what
accounts were still intact Yet he had
never been inside the bank, had seen
none of its books, had consulted with
nobody familiar with them. had re-
ceived no confessions. The manner in
which he accomplished these seeming
ly impossible ends illustrates most ex-
cellently the methods used by this new
detective agency of the government
1t was a strange conspiracy of cir
cumstances that brought to New Beau
fort detectives from three different
services on the night. two months
later, that Conrad Compton. the enter.
prising citizen and banker. was giving
his big party.
There was McCord, plain-clotbes
man from New York. McCord would
not have been in New Beaufort but
for the ramifcations of the New York
police department in keeping track of
these middle class criminals who live
through the trade of burglary call
ing that is sometimes refined into art
And the police department would not
have come into possession of certain
tip If "Speck" Thompson had not done
his bit up the river and returned to
his old haunts so broken that he chose
to become stool pigeon because he
was no longer up to second story
work
Speck had found that Dutch" Shro-
der had arranged to crack a safe .ano
that the scene Of the cracking was
| New Beaufort. He had tipped the
matter off to the police. and hence Nc.
Cords presence in community that
was far from metropolitan. He repre-.
scented the first of the detective serv
ices.
| The second such service was repre-.
sented by Ogram Newton. bank ex-
aminer in the service of he treasury
4 department His district was central
New York. For three years he had
been taking an occasional look into the
books of the various national banks
OF his district. checking up assets and
liabilities. inquiring into the value OF
| tho N a hold hu no. he
weeks before Conrad Compton gave
his party Newton had been in New
Beaufort and had gone thoroughly into
tie affairs of the bank. Its books were
models of efficiency and there was no
flaw to be found in any of it's securi
ties or loans. Newton had given the
institution his o. K. and had passed
on to other towns
But there was a feeling of unrest
that h, united the young examiner |:
seemed that his subconscious mind
was aware of an oversight that had
been made by his working faculties
He was not able to sleep well of nights
and in his sleep the various accounts
Of the New Beaufort bank insisted Il
visualizing themselves Finally the re
curing accounts eliminated themselves
with the exception of one which per
sisted. The loans and discounts &C
count kept thrusting itself into his con
II sciousness. ~ e0-
by Jove!" he exclaimed suddenly
% himself. "The entries in that &C
cpunt. the AMOUNTS OF money thai