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During the last two years the immigration service at New York has been greatly improved, and the corruption and inefficiency which formerly obtained there have been eradicated. This service has just been investigated by a committee of New York citizens of high standing, Messrs. Arthur V. Briesen, Lee K. Frankel, Eugene A. Philbin, Thomas W. Hynes, and Ralph Trautman.
During the last two years the immigration service at New York has been greatly improved, and the corruption and inefficiency which formerly obtained there have been eradicated. This service has just been investigated by a committee of New York citizens of high standing, Messrs. Arthur V. Briesen, Lee K. Frankel, Eugene A. Philbin, Thomas W. Hynes, and Ralph Trautman.
Trautman went to the loan clerk and, after certain formalities had been gone through, the loan clerk went to the vault. Mr. Trautman, who was a large and genial German, waited for a time, whistling under his breath. The loan clerk did not come back. After an interval, Mr. Trautman saw the loan clerk emerge from the vault and go to the assistant cashier: the two went hurriedly to the vault.
A lapse of another ten minutes, and the assistant cashier came out and approached Mr. Trautman. He was noticeably white and trembling. Mr. Trautman was told that through an oversight the bonds had been misplaced, and was asked to return the following morning, when everything would be made all right. Mr. Trautman, however, was a shrewd business man, and he did not like the appearance of things.
On the afternoon before, Monday, while the Traders' Bank was in the rush of closing hour, between two and three, Mr. Jacob Trautman, President of the Pearl Brewing Company, came into the bank to lift a loan. As security for the loan he had deposited some three hundred International Steamship Company 5's, in total value three hundred thousand dollars. Mr.
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