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S12,000.000 STOLEN IN 1908. Embezzlers Made Great Hauls Last Year-Small Salaries the Cause Of Dishonesty. The vst arny of professional thflieves wh Io rob \)v 6i'eC or otherwise. steal but a tithe ot the millions of dollar-s rhat are taken unlawfully throuhxtut the lenith and breadth of America each yefir. says the New York Pres. It 'i he well educated, carefully dresst-i -n;i:lemen who hold positions of :r I A.. and whose only tl4Ia- aire pen i.l :nk. who loot most cf the treasure iests of corporations :1,Vd-iv*dul. TVey rarely are (all ' ieves, but Qfenerallv are referred --when discoered-as embezzlers, .or tefaulters. Flhey stole last year. so far as the -records show, nearly $12,000,000. T ie year before they got away with m1nore than $9.000,000. If the embezzlements during 1909 keep up the reford for January, this vear will be Znother record breaker for dishonestv, and loss. The record of defaleatiolis for the first month of 1909 shows that th-e enormous total of $1,285.490 was taken during its 31 days. This 'is at the rate of more than $15,000.000 a year. Burglaries and other thefts amount to but about $3,000,000 annually. The amount of embezzlements only can be guessed at. after all, and it is more than likely that the figures given are far below the actual. They are compiled by one of the big New York fidelity companies from official re ports that come in from agents all over the country, from newspaprer clippings and other available sources of information. Yet. it is acknowledg ed by everyone familiar with the sub ject, that not more than half the em bezzlements that occur are ever heard of, except by those most directly in terested. They are hushed up for fear they will injure the standing of the concern that has been robbed. Sometimes the embezzler is caught red handed and is forced to disgorge most of the money he has stolen. This generally is before he has had a chance to spend it, and usually fol lows a theft that is committed under sudden ,and overpowering temptation. In many other cases, however, it is discovered unexpectedly that a trust ed employee's defalcations have ex tended over a period of many months or years. If he confesses and his family and friends are able to make up even the major portion of the loss, he frequently is allowed to go free and unwhipped of justice. But there are others whose cases a-re so flag rant they cannot be hid. The bonding company loses thousands of dollars, and then the punishment is severe and certain. "I could sfand on the roof of al most any of the tall buildings below Fulton street,'' said an employee of one of the big private detective agen cies the other day, "and toss a stone on the roof of one or a score of places where I, personally, know that heavy defalcations have occurred that have n-ever been reported to the police, or even hinted at in the newspapers. In some of the cases the embezzlers have been caught; in others they are being hunt-ed for in various parts of the eart'h. Their pursuit never will end until death or capture gets the thief. The known statistics of loss indicating $12,000,000 stolen last year, are accurate, so far as they go. But the actual amont of embezzle ments might reach four times that amount.'' Banks and trust companies are the heaviest losers, according to the pub lishedi reports. Last year there was stolen from such corporations the sum of $5,933,971, which 'was $2,901,970 more than in 1907. Last January the ,defalcations from banks and trust companies amounted to $794,950. If the embezzlements continue at the same rate during 1909 it will bring the total of losses for such institu tions alone up to $9,539,400, which is more than the total losses in all lines of business rteported in 1907. General business, which term in eludes commercial houses of all de serirtions, lo'st $2.402.982 through de faulters in 1908-During the first month o 1909 t'he total of the lose that came to light was $351.220. Public service corporations were the the next heaviest losers, their to tal being $1,044,741 in 1908. No one knows why it is, but this was nearly $750,000 below +he previous year's record. lThe~ smallest losers in 1907 were in the insurance companies, who had $81,540 taken from them surreptitous iy. Last year, though, their losses amounted to $58!,233 an increase of about 600 per cent. Benefi' ial asso eiation lost less th vi usual am I 09, only, $281,511, which was about half what they did in 1907. Court trust funds were embezzled to the extent of $554,526 last year, an increase of nearly a quarter of a million dollars. Transportation companies, by which is meant the steam railroads and wat er lines. cut down their losses by $111,175, their 1908 defaleations be y e nie t C $242,00S. This :ne i1b1illis of ioney that. the rail roa' elliployees handle every year. "There isn't a safe made that a buralar c-an 't get into with a little '1ne and adegnate opportunity to work \vih1'ut iiterruption." sid the superi litendent of one of the hifbmid ii companies. "But safe-eracking isn't half so easy a, robbing with pen and tnh. There is a Dlew systen of account 11.:in deviv.ed everv few dayS, blut I never heard of oue thalt was em bezzlement proof.' -here is a tinni ide o the bond ing bus-iess, if one knows where to l1k for it.!' he continued. "One of the clerks in the ofiec the other day called my attention to a. telegram foni a bank. saying- that one of their -ellers was issin, and was $5,000 short. He very justly remarked that it was't the teller that was short, but either the bank or ourselves. We learned later that he had lost part of the money nII fast horses. The whole trouble, though, was that the horses were slow.'' It is "That great bond which keeps me pale," as Maebeth once ob served, which does the most to pre vent dishonesty-that and the know ledge that the surety company will pursue the defaulter who cannot make good, and will land him in jail in the end. The surety and bonding companies keep an army of detectives in their employ for the purpose of running down those thieves who have caused them loss. They will chase & man around the world, even if 'he has stolen no more than $100, and spend thousands to capture and convict him. Some of these chases are historic. There is one man whose name the bonding company interested will not reveal. who has been pursued unremittingly for three years. He stole about $100,000. At the rate he has been traveling the bonding ,om pany thinks he must have spent most of it by this time. The chase has led the detectives into almost every coun try in the world. So far they have always arrived a week or a month too late in following up the clues of his reported appearances here and there, in far-off corners of the earth. T'he detectives have been frozen in cross ing the Andean passes on muleback, they nearly have died of heat and thirst in chasing the thief on camels across African deserts. The complete story of the hunted man, if it is ever told, will be a veritable Odyssey of crime. The wanderings of Ulysses will be nothing to the long fligh<t and pursuit of this unnamed thief. But, despite all this huge total of dishonesty, the bonding companies wax wealthy. Before a man can get a bond his character and reputation, direetly, collaterally, and even back to the second generation, are looked into most rigidly. One or two of the companies are even examining' into the hereditary tendencies toward crime (in the part of t'he applicants. If they find that a man 's father or grandfather, or any member of his family, ever stole or committed a breach of trust, they argue that the applicant may be liable to some day, just as a physician~examining a man for life insurance policy looks for a hereditary tendency to tuberculosis. The surety companies, from their many years of carefully collected sta tis/ics, figure on losing about so much money annually, and make their pre miums sufficeiently large to cover that probable loss and leave them a hand some surplus. Curiously enough, despite the large increase in reported embezzlements that was shown last year over the year preceding, it is the oeStimistic opinion of experts in guaranteeing honesty that people are less inclin ed to steal than they used t;o be. They laim th-at the big defalcations that ar.e coming to light are but the after math of t'he panic year. During good times, they say, there is less embez zlement-less that is discovired, at least. The defaulter, if he speculates in stocks, nine times out of ten go?s long on the market. In bo'om times prices are always going up. Therefore, t'he trusted thief, for a time ,at least, is able to make good his shortages. and cover them up in his books beyond the hope of discovery. But when prices of securities begin to crumble, and t-he embezzler's margin account is wiped out, he begins to lose sleep at night, and to steal harder than ever by day, so as to accomplish the im possible, and to avoid the discovery which will come inevitably some time. Experts attribute the la ge amo*u't of ieG -1et.':'. among 'riii1 we- o banks and trust companies it will be remembered that these lead in the list of losses-to the small salaries paid. A teller who handles perhaps a million dollars a day will receive $1L500 to $2,000 a year salary. He 'has to dress well and live in a respec t:ble neighborhood. So long as all goes smoothly. so long as there is no sckness or death in his family, he may be able to rub along, but not to i I I --n - iire t hall lie ever n1ceo.ed liIIIcy )er C re in his li fe. He takes it. alll llen i more and more. Neither tI Ie fear of (lete(tion o 1 a1nM'Vhin else deters him for a while. Some lNVe tilied tle plal of takill a sillall 1*r01ul1e. 11idill. it inl Smnle mlit I)f TIe way place. confessing to the theft and serving their term in prison, with the hope of being able to recover the m11oneV when 11hey got out. This is always a vain iihIpe. however, the bonding companies say. They keep a record of every such man and the dhite he will be discharged. Frorn the moment he steps out of the prison gates. a detective dogs his footsteps. Thiere, is one maii. for example. that one of the bonding comapanies inl tlis city has been watching for the past four years-ever since ie got wut of prismn. for a $50.000 theft. He buried the money sonrewhere, and has made -repeated efforts to elude the detec tives to go and unearth it. He is now living in the greatest penury. and un less his nerve gives out. and he restor es the money he suffered so much to gain. he is likely to die before he ever has sight of it again. Breaking the News. Success Magazine. Marion, who had been taught to re port her misdeeds promptly, came to 'her mother one day. sobbing peni tently. "Mother. I-I-brike a brick in the fireplace." "Well, tihat is not very hard to remedy. But how on earth did you do it, eh-ild?" "I pounded it with father's watch.'" Horse Sense. Edle. Howell-How did you come to sell vmir automobile"? Powell-An automobile hasn't any horse sense. Did von ever know a horse to stop oin the way home and refuse to budge because his stomach was empty? Owing to their studious habits and their lack of proper physical exercise. Chinese students both in this coiinry and in their native land are esp+;cially liable to tuberculosis. No Change. Louisville Courier-Journal. "'I think it's wrong for a nmarried man to gamble.'' "Its worse than wrong. It 's idiotie. His wife gives him fits is- he loses, and confiscates the proceeds if he wins. Cheap Then. Chicago Tribune. Constituent-What do you suppose 'Graphter is worth? Senator Lotsmu n-I don't know what he's worth now. I bought him once when he was just starting out for ~.$75 and a ra.ilway pass. NOTICE OF FINAL SETTLEMENT Notice is hereby given that the un dersigned will make final- settle ment as Administrator of the person al estate of John R. Atchinson, de ceased, in the probate court of New berry county, South Carolina, on Monday, the 12th day of .July, 1909, :it 11 o'clock in the forenoon, and will immediately thereafiter apply to Hon. Frank M. Schumpert, Judge of Probate, for a discharge as said Ad ministrator. All persons holding claims against said estate will present th;e same, p)roperly attested. and all persons in debted thereto will make payment. 1to the undersigned, or his attorney, Eugene S. Blease, Newberry, S. C., on or before said date. * John C. Hill, * Qualified Administrator, Cross Hill,..S. C. Newberry, S. C., June 8. 1909. BIDS INVITED FOR SCHOOL BONDS. Sealed bids will be received for an issue of forty thousand dollars of bonds of t,he Newberry School Dis trict of Newberry. S. C.. to run for tv vears at a rate of interest not to exceed five per cent per annum, to be issued under an act of the General Assembly of the State of South Caro lina entitled, ''An Act Relating to the Newberry School District'' Ap proved February 27th., 1909. B.id ders will st,ate in their pro positions the rate or rates of intereest as well as the price a.t which they will take these bonds, including accrued interest from May 1, I909, also the denomina tion of the bonds desired. Bids must be filed with F. N. Martin, chairman, Newberry, S. C., on or before the 25th day of June, 1909. The right is reserved to reject any and all bids. F. N. Martin, Chairman. J1. M. Davis. Secretary. Newberry. S. C., Jun n4 199 Great Fac Renowned S T HE .____B 1361 8 o'lc a . ilm keafnlst Neeo introded,i this proateu Pinoturt po anaetr of Chsagilltaen alehreodFi snono eforda ad oda.t sam hor.Mr THmE . wLl,B Notieuo is heb giensthat ofn Mand1y, Ju149. 9 a lee 5-11-0-4-1a. ,Iwil. a afnlst Tlenuaf theetate of the stCalvi turing domany ill the prbe cout fomrofCmec,a Newberry,ony n mmdae v~ S. therafte appldy for 15t dcarof noon Excor lcnof aideaors and ahe ernsing aims frheaanst time dul othbatieds to eahe attndTw5x mignedson or befrysi proxy. Q 00ckec< Sameo. P. Curl, Execuor ofthe stateof J Serealvy. ldcasd Newberr, 190. C a 1 99. BLE MRIDGEO SCEDULE. The annasetinound. stck hoders leavee Anderson anu630a t:n.fo compnectill be eldon wth .C,onthern dfor Gr eenville. o Jne, 190, at1o'cWlockin teae for nrsn a 0.m, for thcl~in o eior g ath Beltnsiyarh ortheRaly ftrns Nio. f te busns. leavee att2.2d' Tw i Snuthern railwy pror reniy..o.7 n No. 8, dail Wxep Snday. ro |tas arm ps WahllPreient And esur.2 pfndro n Wa N. L. Sur 2alall, laveAn dwerrn at. p. ma3, 1909.etioeNtiei hrb GrevLle RID E C HEDULES. cour ofpbt e f< Westbound- yo husa,J Noc. 17. larves atAnderson at 6.0 elvna'lcki. r. .. foro etwh connections lo w i mmdatl tee fhro o Greenville. Itesdsisr No ,ari a nerson at 1224 sa.focnnei d deceased p.m. f Belton with nnctia OTm No. 20. aves atAnderson at 3.40 . in., fronncima Belton with conetions eweeY An Sthrnom iyo Greenville. No-- n No.h 11, arrives atAnderson a1r Anrsona and Deari rn4w onections at GSenle ca Colum. Suhil ninda a bNa. Goes from Walalla, lev----NTCEO F~ Aderson at 4.7 p. in., for Walhaltio. Notic is forrebny atpoin swuth Souhena11a for GlvnHreenvi rm.e1vle an olumbia.dcort of probate f :tory Sale HE chulz Pianos 10 Years Guarantee OjIi ~with each INSTRUMENT ONE WEEK ONLY will save you from $85.00 to $197.50 on each INSTRUMENT according to price. )le of Newberry, Mr. V. J. Menzel, wholesale ay afternoon with free concert from 5- to 6,; Menzel's ability as a violinist is well known in )WLES CO., Main St. Moore's lernMehd of Bookkeeping ,Simplest, Most Economical ,senes,btwe halla and between.~ 'Tr-.oc .L ETLEEN he frsnon , andtn..,N&L.B irelocl feigt*No. 22 for Columbia .. ..8.47 a.n ~ssnges, etwenNo. 52 for Greenville .. 12.56 p.m hala ad etwenNo. 53 for Columbia .. . .3.20 p.m. * No. 21 for Laurens .. ..7.25 p.m. *Does not run on Sunday L SETTLEME T s TW iresP tahbin shw3 -he times~ at givn ha I il Iwhich trains may be exp'cted to de-. nen o th etat 1part from this station, but their de L~ ecasd, n heparture is not guaranteel and the r Nebery 0UThtime shown is subject to el ange with me 24, 1909, tl notice. ~he oreoon,andG. L. Robin0on, ifter aply forStation Ma dr.. s administrator of . 0. Lovelace, DELINQUENT TAXES. Admnistrator. -The country treasurer, Hon. J. L. 'I ______Epps, has placed in my hands execu tions for the collection of the delin. ION STATION quent taxes for the year 1908, and I will be ready to receive these taxes are of Passenger on the 14th instant. Let all who have e 12.01 A. M. not paid their taxes .come forward at r 30, 1909. once a.nd pay the same to me, and ~~iwa thus save further trouble and costs. w'My instructionss are to collect these-. ie .. . . .8.57a.m taxes at onee. i..1..40 p.m. Af. M. Buford, ble ..2.43 p.m.I Sheriff Newberry County.