will pass as an errand boy, messenger, porter, or
clerk, to the prosperous business man, horse trader,
stock buyer, or farmer. When a presenter enters
a bank to “lay down” a forged paper, the
“go-between” will sometimes enter the
bank with him and stand outside the counter, noting
carefully if there is any suspicious action on the
part of the paying teller when the forged paper is
presented to him, and whether the “presenter”
carries himself properly and does his part well.
But usually the middleman prefers waiting outside
the bank for the “presenter,” possibly
watching him through a window from the street.
If the “presenter” is successful and gets
the money on the forged paper, the middleman will
follow him when he leaves the bank to some convenient
spot where, without attracting attention, he receives
the money. He then gives the presenter another
piece of forged paper, drawn on some neighboring bank.
They go from bank to bank, usually victimizing from
three to five banks in each city, their work being
completed generally in less than an hour’s time.
All money obtained from the various banks on the forged
paper is immediately turned over to the middleman,
who furnishes all the money for current expenses.
After the work is completed the presenters leave the
city by different routes, first having agreed on a
meeting point in some neighboring city. The “presenters”
frequently walk out of the city to some outlying station
on the line of the road they propose to take to their
next destination. This precaution is taken to
avoid arrest at the depot in case the forgery is discovered
before they can leave the city. At the next meeting-point
the middleman, having deducted the expenses advanced,
pays the “presenters” their percentage
of the money obtained on the forged paper.
A band of professional forgers before starting out
always agree on a basis of division of all moneys
obtained on their forged paper. This division
might be about as follows: For a presenter where
the amount to be drawn does not exceed $2,000, 15
to 25 per cent; but where the amount to be drawn is
from $3,000 to $5,000 and upwards, the “presenter”
receives from 35 to 45 per cent. The price is
raised as the risk increases, and it is generally
considered a greater risk to attempt to pass a check
or draft of a large denomination than a smaller one.
The middleman gets from 15 to 25 per cent. His
work is more, and his responsibility is greater, but
the risk is less. There are plenty of middlemen
to be had, but the “presenters” are scarce.
The “shadow,” when one accompanies the
band, is sometimes paid a salary by the middleman
and his expenses, but at other times, he is allowed
a small percentage, not to exceed 5 per cent, and his
expenses, as with ordinary care his risk is very slight.
The backer and forger get the balance, which usually
amounts to from 50 to 60 per cent. The expenses
that have been advanced the men who go out on the
road are usually deducted at the final division.