Evening star., 1925-02-01
RESOURCES
LIABILITIES.
s2.752.723.67
Ranks Present Officers.

Banks Present Officers.
Besides its investment business the
hank conducts an insurance and bond
ing department under the direction Of
Mr.. IawIer and a real estate depart
ment under the supervision or FRANK
NIulkern In addition to John K waller,
president, the officers are: a. c. Waller,
vice president; William L. Symons, vice
president; j. r. Guthrie. Dubuque,
Iowa, vice president; Thomas B. Lawler,
secretary, and Edward a. Stuart, treas
urer.
The directors, outside of the officers,
are: ]. A. Adair, Thomas w. Brahany,
William T. Brown, Dubuque, Iowa
Peter A. Drury, K. j. Farup, Park
River, n. D; W. Z. Harman, Los
Angeles L. J. Hart, San Antonio. Tex.
William Heimke, Frank kenna, New
Haven, Conn. William j. Lauck, A A.
Loetscher, Dubuque Iowa; Frank Mil
Iiean, Chicago; F'aber ]. McFadden. S
A. Nelson, Powell, Wto.; H. H. Porter,
Pensacola, Fla. Francis z. Scully, BoS-
ton, and John Blue, Chicago.
War on Crooks Renewed.
Banks and trust companies are vital
ly interested in a movement recently
begun by the National Association OF
Credit Men that has for its purpose the
wedding out of criminal credit frauds.
These specialists, it is claimed, are year
ly mulcting American business OF not
less than S260,0O0,0 900.
The credit men, according TO an ar
ticle in the current issue of Trust Com
panies. together with the cooperation
and support of the leading financial,
commercial and industrial enterprises in
the Nation, as well as with the as
sistance of Government departments, is
determined to relentlessly pursue the
credit crook and bring him to justice.
Toward this end they are preparing to
establish three district offices, one IN
New York, one in Chicago and one IN
San Francisco, and to further place per
manent resident investigators in all or
the large industrial, financial and COM
mercial centers of the country. So great
has the crying need become for some
protection against the inroads of these
crooks that prior to the undertaking OF
this larger work individual institutions
and business concerns have been meet
ing together, prepared to pool their m
terests and raise considerable sums of
money among themselves to more ade-
uuately protect their own business from
the Vaccinations of these crooks.
Official Explains Move.
J. H. Tregoe, secretary and treasurer
Of the National Association of Credit
Men, which is the largest single com
rnercial association in the country and
has probably a greater intimate knoWl-
edge of credit fraud than any other as
sociation, said in respect to this move
ment: Il do not know any other at
tempt by any single organization as
run down the pages of history that mas
conceived of getting togther such large
- 10 ha cd UrOteC-
ton Of business and the safeguarding
of the moral and ethical ideas of this
Nation 1t is one of the most preten-
tious and protective plans that have
been conceived for business since the
beginning of our history as a Nation"
The credit condition as it's exists
today makes it possible for an lndi-
vidual, with the assistance of a dis
reputable attorney, to start with $500
capital and in one day estab blish a
bank balance of $4,000 which actu-
ally does not exist. An instance is
cited where a single operator acted
similarly, and on his balance, to-
gether with fraudulent financial
statements, obtained merchandise on
credit valued at 100000.
Credit crooks of every country are
probably more vitality interested in
the present movement, inasmuch as
it means life or death to their form
of livelihood. Formerly this type of
operation has been a veritable har-
vest for them. If present plans are
successful, the very fact that they
have been successful Will be worth
more than the millions that will be
realized, for the deterrent effect alone
will save to the commercial life OF
America hundreds of millions of dol
lars annually.
Standard Collection Form.
A standard form of collection
agreement for the protection OF
:
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