Rensselaer Union, Volume 3, Number 27, Rensselaer, Jasper County, 30 March 1871 — “Irregularities.” [ARTICLE]

“Irregularities.”

The Boston Transcript says: A few days since, at an examination of the master’s class at one of our public schools for boys, at the South End, the lads had been asked several questions regarding bank discounts, interest and notes, which they had promptly answered correctly. A member of the School Committee then said: “You seem to understand all about bank discounts, interests, notes, etc.; now, I want to ask you the meaning of a bank term which may not be down in your text books. What is meant by the term which we read of so often called ‘ bank irregularities ?’ ” To this question one of the boys immediately replied: “If a poor man wrongfully takes a small amount of anything it is called stealing, and he is punished; if a bank officer steals a large amount of money, it is called an irregularity and lie is not punished.” Was not the boy right in his answer?”