Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-12-28

So, 500, 600, 600

AS a protective movement the Amer
lean Bankers Association has cam
paigned for everybody to pay by
check" This movement has borne fruit
1t has been estimated that today more
than IS per cent of. the business of the
United States is transacted by the use
of checks or other credit instruments.
This means about $500, 100000 checks
will be written by bank depositors in
this country during 1924, totaling about
$500, 600, 100000 in amount, or about 100
times the money in circulation.
Constant Warnings Given.
Another medium of protection by
which bankers prevent many finan-
cial crimes or losses is in the warn
ings continually broadcast from the
American Bankers Association and
the various state bankers associa-
lions. These warnings of crooks and
their methods keep the trap con-
stantly set and carry out the as
sociations plan of crime prevention
as contrasted with detection. This
policy of prevention has been stead
lastly upheld by tn American Bank
ers' Association since 1t inaugurated
protective service 80 years ago. Over
this period of protective service, 1852
lusulIBdsp eAposloLd eQl 10 spIooeI
is essential to real protection. Over
this period Of protective service, 1882
burglaries were perpetrated against
its members, with total loss amount
ing to $1,212,000. In the same 30
years, non-member banks, which are
much smaller in number and possible
loot, suffered more than 2,374 bur-
glaries and sustained loss in ex-
cess of S4,170,000. This shows an ex-
cess ratio of As per cent against the
on-member banks in the number of
burglaries and a loss figure 240 per
cent more.
Specialists Guard Funds.
The average bank depositor will
give two reasons for keeping his
money or valuables in a bank: First,
for convenience, and second, for safe
keeping or protection. When Queried
as to what his bank does to protect
his deposits he will probably tell you
they are kept in great vault and
that armed watchmen are employed,
as well as an elaborate and efficient
burglary and robbery alarm system.
He does not know that the $4,000
banks comprising the American
Bankers Association have constantly
and conveniently available an army
of highly trained operative-special-
lentless warfare against the bank
criminal. Through the network of
the 35 offices of its detective agents
in as many cities in the United States,
Canada and Europe Its operatives are
within easy reach Of any member
bank. Criminals, therefore, know
that IL they attack a member bank
they are attacking one of the most
powerful and effective protective or
CARNATIONS in existence. Those caught
in this web" are also aware of the
associations well known stand against
any form Of compromising crime.
North Americans 1925 Plans.
Physical expansion involving SAL
900, 900 during 1925 is planned by the
North American Company, according
to formal announcement by F. La
Duane, president. The expansion will
be in the form of new construction
work and for other developments of
the physical properties of the COM
pany's subsidiaries located in all
parts of the country.
washingtonians are keenly inter-
ested in this company, which, sew
eral years ago. purchased large
block of the common stock of the
Washington Railway and Electric
Company, which subsequently led to
an active local market for its Sc
curities.
Banks Spread YuIettde Spirit.
Christmas festivities were entered
into by local banking institutions
than aysr BEFORE Tha junior perssns'