. The Saturday evening post. ss of the average banker andlooks upon the huge ledgers and accountbooks of banks with labyrinthine shud-ders. Bankers are not Argus-eyed, andbank bookkeeping is no more abstrusethan any other sort of intricate arith-metic. It is relatively no harder tojuggle bank accounts than to substitutebad wares for good. The difficulty lies in the bank examiner can often enoughbe deceived by false entries and common for-geries. It is perhaps more difficult to keep theconfidence of bank officers and fellow employ-ees. Here the psychological element enters, andh
. The Saturday evening post. ss of the average banker andlooks upon the huge ledgers and accountbooks of banks with labyrinthine shud-ders. Bankers are not Argus-eyed, andbank bookkeeping is no more abstrusethan any other sort of intricate arith-metic. It is relatively no harder tojuggle bank accounts than to substitutebad wares for good. The difficulty lies in the bank examiner can often enoughbe deceived by false entries and common for-geries. It is perhaps more difficult to keep theconfidence of bank officers and fellow employ-ees. Here the psychological element enters, andhere lies the explanation of the fact that it is theproverbial trusted employee who gets off withgreat sums. None but a trusted employee could managethe thing. There is no deeper Manistee, Michigan, a few years ago, a bank ex-aminer walked into a bank and began for once a thoroughaudit,. The cashier saw that he was about. t be trapped. In Their Operationsthe Carpenters Cameat Last to the Desksof the Tetters. He called in the officers and directors of the bank and con-fessed a shortage of about forty-five thousand dollars. Thebankers immediately made up the loss out of their privatemeans and had the defaulter arrested. The confession ofthe man revealed that he had begun his peculations sixteenyears earlier, and had continued to take small sums andlose them in speculation during thirteen years of thatperiod. Three years before his detection he had suffered achange of conscience and had stopped his pilfering, hopingthat some stroke of fortune or the chill of death mightintervene before his detection. For sixteen years this man had been able to deceive hissuperiors, who never had the slightest touch of audits and bank examinations had beenmade. The man was simply so brave and conclusive in hismanner, so well known and so long trusted that no deepinquiry had ever been made into the state of his first intensive audit undid him, to be sure.
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