Show I TROUBLES OF BANK OFFICIALS I There IK is perhaps no hus lass in the world wh whore whom lc the old adage Internal Eternal vigilance Is the price of s safety can enn bo be so fittingly fitting applied as In the case caso aMor of or the modem modern up to date ato banking busia business busi busl- a nes ness cs Time The profits of ot a well en managed ed banking banking bank bank- ing Ins business are frequently enormous but the losses are aro also occasionally hea heavy and some somo of or those come about In a 3 most extraordinary way To Today ay aya a separate branch blanch of or tho the curriculum of or most of or the time largest t colleges and universities IHO provides ct for tho Limo education and training of tho time prospective banker Works without number have o been compiled com coin plied piled for tor the guidance ann n Information tion of ot time the cashier and amid president and amid tho the formation of oC stab and anel national bankers' bankers associations throughout the time country provides pro yet ct another means of safeguard for or those ho whose hose e business It ItIs itis I Is to deal dal in the time basic principle of ot commerce Nevertheless losses occur and In that portion of or these which ar are contracted through the thc machInations machination of ot swindlers It would almost t seem a as though similar channels of instruction In wel were c open to the time powers that jiroy prey One of ot Salt Lakes Lake's prominent bankers while In a reminiscent mood recently recalled a case tho Iho details of or which are still fresh resh In the minds minus of the banking authorities of the countr country It Itcan Itcan can be taken as an illustration of ot the wit and intelligence ence frequently brought to bear b by 13 the criminal and nn in this case cao tit tho steal was entirely I successful I J I smooth Tho TIlO case cae I have In sal said lie ho occurred some years ar ago awo and as Caras far Car faras faras as I know Jenow there has Imas never no been another ati- ati other attempt to defraud a bank In lii a similar way Tho Time Tho bank which the victim was a good s sized In institution with a cashier and a couple of oC assIstants assistants assistants assist assIst- ants and the usual complement of ot tellers tellers tel tel- lers hors and bookkeepers Ono One morning a awell awell awell well dressed dressel and prosperous looking stranger presented himself at the cashIers cash- cash cr's window and stat stated eel that ho lie desired desired de do- sired to open an account and was prepared pre pre- pared to make mako an Initial deposit of He Ire presented credentials only onh I of or the time most general character and was was was' I I not introduced to tho Institution by I any local partY However Howe the time account was vas accepted an and the he stranger was given I a pass book hool and a book of checks Something like lIlee three days later the same sarno man again the time cashIer cashier cash cash- ier with Ith his own check for Cor which In a perfectly natural manner ho submitted to the cashier for tor his hiI hisO 0 O K The Time motive was clear enough h the sUnn stranger er desired to draw out his an and desired tho certification of oC the cashier In order to savo O the paying teller the time trouble of ot going to the cashIer cashier cash cash- ier for I identification of ot the tho check Tho ThoO 0 O 1 K was attached and tho the Incident r forgotten for Zor the tho time Ideas blocs of or his The stranger hind had a a. few own I and from the time cashiers cashier's desk proceeded pro pro- d Immediately to the tellers teller's win win- dow tiow he he presented yet another check for or signed ned b by himself and n dra in hi his own favor but lacking the time mark of lh tit the cashier Tho Thio teller glanced lance at his dally daily balances compared the time signatures and paid the cued check cheel The Tho stranger then lieu walked back bade to the cashIers cashIer's cashiers cashier's cash cash- ier's window ow and amid age ens-age engaged him In iii friendly conversation un until It being nearly lunch time tho tue cashier arose and und departed 1 Keep lt 11 Him I iii I inc Then uThen Mr r. r Man Ian walks blithely back bacic to time the teller presents tho time marked check which hi ho had previously obtained an and moie by hy Inference than anything else elso makes maltes It plain that he lie has Just arranged aran ed C l a loan of ot that amount An and that tha t time the check is merely merel a a. voucher for Cor tho tire amount Tho Tire toiler teller line has observed him himIn himIn In iii conversation con with tho the cashier casimier the time cashier Is at lunch hunch amid the time customer custom or naturally does tle not want to be kept wallin waiting Tho Thio second check was paid paM and amid tho affable strolls leisurely leis leis- urel Into tho tim street and Is 18 seen no nomore more nore This case cabO actually happened an anI and I although it ft mo may Heem n It little strange on tho the faco of ot It It those familiar with witti ho tho metho methods s In vogue ogue In banking a afew re few ew years rears a ago o will readily appreciate the he simplicity with which h a 3 smooth taller and a man of or S good appearance I could put through such a deal In this case only the teller was to tu blame and amid I yet his hll procedure had hundreds of of or time the bank Lank i precedents in the history 1 I The lino Une point to which the details of or orI I th tilt hind had been boOn worl worked ed out clinched the thC matter and It was WiS not noL until closing time lime that evening c that the tire theft was discovered Another prolific source of or loss to 1 banks comes through tho the absolute ISI Ig- Ig I of business methods on tho thio part of or man many of ot Its customers This Is Isor or of course purely purel unintentional on the I customers customer's part but none tho the less realI real I I to the tue banker In other cases a lack lael 1 of or knowl knowledge c of ot tho tire laws of ot etal paper paler on the lie part hart of or Lh tire the cashier frequently frequent leads leads' to tn Joss boss and although h It Is easy to figure figuro that knowledge is gained through h mistakes tho l knowledge so gained g-alne Is apt aIlt to be costly Let me imie tell you ou nf or if a simple little case caso of loss lone on the time the part hart of or a bank hanK I Ivaa Iwas I Iwas was v once connected with said tho banker hanler and which yot et presents some Sonic someI I rather unusual features A u. man owed Geor George o A A. A Lewis tho the sum of 10 l O to for l' l wor work worl- done lont Ho lIo re received ro- ro cel a bill for this and sat down own to write a check in Iii payment This ho he dIll did but hut made It payable payable paya paya- ble to George J. J Lewis instead of oC George Georgo A A. The fire envelope en ho addressed In lii the same amo manner and In iii duo due course courso George Georgo J. J Lewis received cd tho tire check Indorsed It nn and tho the hank bank cashed c. It Now the tire mistake was made h by the tire maker of tho the check an and on the tIme taco faco of ot the matter it would woul seem that he Ire alono would be responsible for tOl the time loss But nut the time courts court hold differently nn and amid tho the bank was out tire the money In lathe law la the middle initial is not a a. part of or amans a a. aman's amans amanns amann's mans man's name namo and tho check was therefore therefore therefore there there- fore In law payable to George Georg-e Lewis In accepting such Huch a a. check however tho hank bank is bound to to know that payment payment pay pay- ment Is being beIng- mn made lc to the tho party part for whom the tire money mone I Is actually Intended and amid a mistake In this ron renders ers ers' the tho bank alone responsible Dozens of ot other othel instances could be bo cited tending lIns- lIns lInsto to show tho the prevalence of such pitfalls In lii tire the path of or the modera modern mod moll ern era banker and In vie view of tho complicated complicated com corn nature of many of these It Is almost remarkable that errors occur so soI I Infrequently n ii thy |