FREE BOOKS

Author's List




PREV.   NEXT  
|<   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158  
159   160   161   >>  
. As the question of armor that can not be pierced and projectiles that will pierce anything are first one and then the other a little ahead, so it is with the bank forger and the banks. Admirable as some of the work unquestionably is, if anything so disreputable can be called admirable, there is even yet a something about either the work or the operator that should arouse the suspicions of the teller or cashier who is on the alert; and a teller or cashier without suspicion, and who is not on the alert, may be a comparatively good man, but is certainly in the wrong place. The presenter of a counterfeit bill at the teller's window may have no knowledge of the character of the bill that he is presenting, but he who presents a forged draft, in addition to presenting a bad bill, has a consciousness himself of the fraud that he is attempting, thus giving the teller not only the chance of scrutinizing the bill, but also to judge of the appearance, whether nervous or otherwise, of the man who is laying the trap, and these two facts should inure greatly to the advantage of the teller. As the news of the many successful depredations is scattered, we see banks trying different methods of protection, many of which at first glance are admirable, but which it will be seen on a little careful study simply require but slight change of method on the part of the professional forger to successfully evade. For instance: Many banks are daily advising their correspondents of the number and amounts of drafts issued, either in the course of the mails or otherwise. This at first sight would seem to be almost absolute protection, but it really may prove a trap to the bank so advised, as may readily be seen. Let us suppose that Mr. Forger steps into a bank in Cleveland, buys a draft for $5; a day or two later, or on the same day, he buys another draft for $5,000. The first draft is successfully altered to $5,000, but would not of course be paid by the correspondent bank for this amount, because of the advice they have of this number is that it was issued for $5; but it was a simpler matter to change the number of the draft to correspond with the $5,000 draft, the number of which the forger has, than it is to make the other alterations necessary to raise it from $5 to $5,000. After making these alterations it goes in for payment, and on reference to the advice sheet it is found that this apparent number was issued for $5,000 and paid accordi
PREV.   NEXT  
|<   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158  
159   160   161   >>  



Top keywords:
number
 

teller

 

issued

 

forger

 

successfully

 
protection
 
change
 

presenting

 
admirable
 

cashier


alterations

 

advice

 
payment
 

professional

 
reference
 

method

 
making
 
amounts
 

advising

 

instance


accordi

 

apparent

 

correspondents

 

drafts

 

readily

 

matter

 

correspond

 

simpler

 

altered

 

amount


correspondent

 
slight
 

suppose

 

advised

 

Forger

 
Cleveland
 

absolute

 
nervous
 

suspicion

 
comparatively

suspicions
 

operator

 
arouse
 
window
 

knowledge

 

counterfeit

 
presenter
 

pierce

 
projectiles
 

pierced