The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-05-26
DIsTINGUISHED DEFAULTER,

Bos7oS, NAs, Mar 22--Qonmgial
inancial, and SoiGI circles have beeS
hooked this afternoon by the s1POsurs Of ,
. serie. Of gigantic frauds and dsiAlee;l
ions by one Of Ihemosl noble, and hereto
ore one otthe most reputable, lawyers Of
Boston. The offending member Is Abra-
nam Jackson, an old and established blue
blood Of he RsAcOa Hil LsEips, and his
frauds upon those EhO trusted and rsTj
posed IN him are Hkely toTeaeh hundreds
Of thousands in amount in fac. the spec
ulstions have been 50 numerous enot-
nous, and d long duration, that Il would
be impossible for several days to ascer-
tain the full amount Of his Syipdles, or
the exact number Of his victims. Each
hour almost uniolds come nav story al
iec,ing the integrity Ofths man, and show
ing how Persis,ently,yes me'Aodiealiy, he
has carried on his system Of deception.
TIE SAVE NASUFACTTKISG COMPANY.
His connection with the American
Steam Sale Manufacturing Company -
ia President frS; excited suspicion. The
mistortunes Of that corporation we're
,uch tha, il Eas voted 70 Wind up last
July. Upon investigation d its affair! II
va discovered that Mr.. IAnkGon hal IN;
duoed the directors TO sign the notes Of
the company, Jointly and seyerally bind
ing themselves TO pay. Among the di-
rectOrs Wa 4 retired merchant Of large
wealth, who, placing the most implicit
confidence ia the hOAOT and integrity Of
the President, was induced to yield 70 a.
most any request that vas made, In ad-
dition 10 signing the notes, under the plea
that the company needed money, The ner:
chant loaned at once 81, goo worth o.
United States gold bonds. II was suhse:.
0uentIy ascertained that Jackson used
the,e bonds 10 secure loans for his own
personal use, and the $1,000 worth o.
bonds we're only recovered Aiter = pay
nent Of $4,000 in currency. Jacksop
vas appealed to in vain, giving his word
only 10 break Il, and seeking, BY prom
IL; never fulfilled, 10 gain time, a. sup
posed, to relieve himself from his embsr-
rassmCnts in the management OF thee com
pany. He appears 70 have ingeniOu.ly
made many personally responsible Tor
his acts, and, through his Skill a. law
yer, to place in jeopardy large amounts
Of money, when il was supposed he va.
in reality liquidating the Indebtedness Of
corporation. The retired merchant will
scarcely escape With out. . loss Of some
81, 900 or more. T..
A NEW MOVE Is FINANCE o.
One Of the operations Of the missing
Jackson develops the possibility Of GaT'
rying on financial operations and untolda
an entirely new method Of making one
note answer the purpose Of foDE: He
held mortgage note Ot 5000, and, ~ i
sometimes The case where there is no
question Of the integrity Of the party, a
bank will loan upon The note, the mort
gagee holding the mortgage n II were In
trust, a. mortgage. He borrowed money
upon 5000 note Of this description
very rencenlIy. The party holding the
note accidentally discovered that another
party held note for the same amount
secured ny the same mortgage. As Ihe2
compared notes itwas impossible 70 tell
which was the original, and while leaving
the question open for adjustment they
heard that bank on State street had q
third note, identical in amount, and pur'
porting 10 H. given and secured by the
same mortgage Of the same property
Upon comparing these notes j was
thought that there was ptina tacla ey'
idence that the note held by the bank
was the original. Here was Sl5, 900, So
| 600 Of which was, Of course, not genuine
| But the end was not yet. The gentleman
who gave the note was called upon u
identify his signature, when, to thu
astonishment Of the three parties in in
terest he exhibited u receipt signed b.
the missing lawyer, acknowledging th'
payment Of the money, with q promise u
return the note. This j. certainly new
method Of fnanciering, and il Is interest
ing 10 those who invest money TO know
the fact, that they may be on their guard
EXTENT OF TILE DEFALcArlOS.
Some few months since u gentleman VIII
had OCCASION to look into the aHaifs o
the missing lawyer obtained a schedule
Of his property, audit was then estimates
| that il amounted IN value to more thar
100000. Since then some Of ithas dis
appeared and Attachments have been pu
upon what remains. The fact states
regarding his habits throws veil oi
mystery over the whole affair. He hal
been noted a. conservative stead .gOiBl
man, whose counsel was sought BY intes
tors, and whose guard Of trust properly
stood second 10 none In the confidence q
the community. There Is little probabil
ity that he will return to The city, Tor thC
more his Affairs are Investigated TIKI
more complicated they become. Parties
holding his notes are OF course reticent
but from what is already known tits ap
parent that such cUufse Of unaccount
able dishonesty has never before beer
brought 10 light in this city and were u
told in work Of fiction is having oe'
cured In Boston world BE ridicnled q,
too absurd Tor belief. The loss 70 several
families will Le severely felt, for intROi To-
stances il takes from them nearly all
their worldly means. a. -Ias -Iaa
tr.44sg
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