New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-21
4 BREACH OF TRUST.

A PROMINENT IAvyrn AND BUSINESS MAN OF
BOSTON SAID TO HAVE ADsCONDED WITH A
LARGE AMOUNT OF TRUST FUNDs-PAsr IRRE6U-
IARITIRs Observation-Disclosures CIRCUM-
STANCES OF THE CASE.
BosTON, May 2O.-The sudden disappearance
OF prominent lawyer and business followed by the
development OF many Irregularities in his csnduct OF
business has created much sensation the sset The
gentleman in question il Abraham Jackson, tsrnery
President Of the American Steam safe Company He has
not been last Friday, although very much
hunted for and OF his friends will give my
information concerning him. Some pretend TO thIk he
will come back and clear up all the mysteries but
the general opinion IL that he has gone away to stay
The safe Company Of which he President
found TO be in bad way last July, and its affairs
wound up Upon investigation it discovered that be
had induced several Of the Directors Of the Company
sign lis notes in such way that they jointly AMI
severay bound 10 pay them one Of the Directors mads
him loan OF $1,000 in United states gold bonds, which
used to secure personal loans. and the owner OF the
bonds only got possession of them again by paying
$4,000 in currency. But these transactions not
exposed at the time and Mr. Jacksons reputation
tnued good. He supposed to be very wealthy and
strictly upright. He was in request as custodian OF
rnst funds and. he has really gone for good as il IL
feared many persons have lost their entire fortunes
He Was trustee OF the OF Dr. Charles T jackson,
now insane and supposed that the following circum
stance. given in a city paper relates 20 that fac:
on Friday afternoon 4 lady whose husband is laboring
under mental lihcton discovered that there was some
thing wrong with his ada and made direct appeal
To the lawyer tell her why he had sought 10 take from
her The little she depended upon Or Lor support lie
gave satisfactory RESPONSE and since that night he
has been heard from.
Lady who resides in Keene, y. H.. is also sufferer
from Of fidelity his trust Il Is stated that he
has used bogus mortgages TO deceive those who trusted
him with their Investments Il also said that trust
money originally invested bank stock was sold six
years ago. though the lawyer has paid tne dividends TO
his clients with marked regularity FAmOns other opcr
atoms the following. believed 20 be quite Iina is mar
rated He held gaze Of $1,000, and mort
gage borrowed money upon IL at bank. Recently the
person holding the discovered that another person
held a note the same amount secured by the
mort gage They compared notes. II impossible 70
tell winch the nal and while these matters were
undec ed they heard that bank Safest. had
a third note identical in amount and purQOrting
70 be given by the person, and secured
by the mortgage OF the property The
gentleman who gave the was called upon 10 identify
his signature. when, the lsOnismen Of the three par
ties in interest he exhibited receipt snedby the missing
lawyer acknO wledGn the payment Of the money. with
promise the The greatest mystery Of
all for the 81 the money. He Is repre-
scnted Us a who lived economically. had costly
vices and did speculate. lie conservative. eau
tio1s sagaciOus. and re,..rdcd al hands
counselor making Investments. and safe custodian Of
other peoples money.