Norwich bulletin., 1922-09-28
BOND cO REPRESENTATIVE
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 STEAKS TO R0TARIANs
 Norwich Rotarians heard aH especially interesting and instructive talk by Fred eriek N. Withey of the National Surety Co.,, of New York, at the club meeting Wednesday at noon at the Wauregan house. Mir. Wfthey covered some of the experiences of bonding companies, whose business, he said, was Fundamentally tho business of gambling on the integrity Of men The surety company deals in char. acter and wanta to know your record and your history and what you will do wien the stress, stor1h and strain Of temptation come. Race, Age, sex. occupation and tendencies all dome into the situation. The surety coinpany sells you a credit and naturally is interested in how you are living and what you are doing with your money.
 Speaking Of national characteristics of Continental Europeans, he said that the Holland Drtch stand first for honest and freedom ffom embezzlement Then follow the Swedes, Danes, Films, Norwegians Swiss add Germans. Ole rarely Is an embezzler, but when he breaks away he takes everything moveable. No bondsns business is done with residents of the Balkan states. The Latin race are more susceptible to temptation than the north ern races, but as a race they are petty pilferers. There was one exception Ponzi, who was certainly no piker The proverbial honesty of the Chinaman ii one of fear, but the Anglo-Saxon is hon. est because of high principles. As z whole they live above and respect ths law.
 Women are more honest than men 1T money matters. If they embezzle 1t is 1T | small amounts and usually because O some special financial straits in :he;i family matters Tn such cases the sure l ty companies are as lenient as possible l Among men there are more embezzle l ments under the age of 30 than above tn.
 age. Embezzlement among middle aget l men are comparatively few bu. if the, occur they go the limit and throw of all restraint
 The trusted man Is one who has th l Withey said, and he declared that ther l should be frequent check up of accounts no matter how much man was trusted We have no moral right to tempt a maj
 beyond what he can bear, and Iaynss
 in checking up is merely temptation t
 ennbeaziement. One Of the men wiaoI
 surety companies look carefully at is til man with a wife whose social ambition
 is spuzring him 10 live beyond his in come.
 The best risk for the surety compan l is the man who Is saving money. al
 though it may be only a little, and live | within his income The amount of hi
 salary makes no difference. for he ]
 comparatively contented and satisfied. MT. Wfthey spoke of what he said wa some Of the peculiar psychology of tn surety business. The married man is I 6 to 1 better risk than the bachelo
 and the nut or crank of every cofnn1u nifty Is a good risk There are few etr
 bezziers among that class. The so-cai
 ed smooth guy or good fellow is
 dangerous risk. He makes the mistak of selling the great Fundamentals (
 character that would be big asset i him and in the emergency he becomes l defaulter or embezzleT
 The profane man is a good risk an so is the fat man of tha sleek FaIsta II type. Some ons has said that when th
 fat mans stomach is empty all he thinA of is what to i'll it with. ana when is full his mind is a perfe& blank The saying that every man has hl price is an absolute islander, aai
 Hr. Withey. America is full of me
 that you can't buy at any price. If
 were not so the surety companies coul
 not exist. Out of seven million bonde persons only one pe.. cent. went wron and only a very small percentage
 these were deliberate snnbszxiers.
 MT. Withey. who was introduced |
 Alfred G. Lillibridge, was given risin |; vote Of thanks.
 In the business part of the meetin; President William c. Park presided ar Russell Clapp was song leader.
 Chairman Charles A. Saxton of the el tertatnment committee announced thi the first three meetings in October vi , be respectively in charge of Ebenex, !, Learned, Arthur M. Brown and Harry
 Clark, the fourth meeting, as usual b ing business meeting.
 Brief reports were made by commits chairnen, James L. Crawford on teifoy ship. Arthur M Brown on public a
 rairs, the latter innpressing the necessii ! of taking an active interest in publ ! affairs. He urged all to attend the cor ing town meeting and take some star I on the question of tax assessments and | tax map, which will tIren be up for di f cussion. Chairman F. Russell Smith | the publicity committee reported on tl r placing of Rotary signs at the sever : entrances to Norwich The matter VI I 1 discussed by several and left to the GOT ! 1nittee to complete the work. Chairmi :. Harry M Clark in reporting for t f boys work committee stated that it VI resired to put worthy boy. who h; f been selected, through the Academy. T
 cost per year was placed at s200 al n the amount was almost instantly su i. scrtbed by two members of the club. , 1
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