The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-21
A DISTINGUISHED DEFAULTER.
One Of BOItOn'S "Bluc Blood" Lawyers En-
beetles and Absconds.
JACKSON'S LITTLE GAME.
Evidences of Fraud, Forgery and
Betrayal of Trust.

BOSTON, Mass, May 20, 1875.
Commercial, financial and social circles have
been shocked this afternoon by the exposure OF
series OF sigantic frauds and defalcations by one
OF the most noble, and heretofore one OF the most
reputable, lawyers or Boston. The offending men,
Der is Abraham Jackson, an old and established
blue blood OF the Beacon Hill stripe ana his frauds
upon those who trusted and reposed In him
likely TO reach hundreds OF thousands OF dollars
in amount; in fact, his pecuations have been so
numerous, enormous and or long duration that 1t
will be impossible for several days TO ascertain
the full amount OF his swindles or the exact
number OF mis- victims. Each hour, almost,
unfolds some now story Affecting the integrity OF
the man, and showing how persistently. yet
methodicay, he has earned on his system OF de.
ception. II is urged that his embarrassments are
temporary, and that though ne has not been
since last Friday, he will yet return and make
honorable restitution. The great mystery IN the
case Is, what possible disposal has he made OF the
money? He has not been known as a Spectator,
and his habits have been sucn as TO preclude the
possibility OF extravagant expenditure. The per-
feet confidence that has been reposed In him only
aggravates his acts, which seem inexpiicable
upon any other theory than that OF fraudulent
intent.
THE SAFE MANUFACTURING COMPANY.
His connection with the American steam Safe
cited suspicion. The misfortunes or that corpora
ZION were such that 1t was voted to wind 1t up
last july Upon investigation OF It's afrairs It was
discovered tnat MIR. Jackson had induced the dt.
rectors TO sign the notes OF the company, jointly
and severally binding themselves to pay. Among
the directors was retired merchant OF large
wealth. who placing the most implicit confidence
in the honor and integrity of the President, was
induced TO yield TO almost any request that was
made. In addition to signing the notes, under tho
plea that the company needed money. the merchant
loaned az once M7, 900 worth OF United States gold
bonds. IL was subsequently ascertained that
Jackson used these bonds TO secure loans for his
own personal use, and the $4,000 worth OF bonds
were only recovered after payment of $4,000 in
currency. Jackson was appealed to In vain, Civ
ing his word only TO break IL, and seeking, by
promises never fulfilled. TO gain time, as sup
posed, TO relieve himself from his embarrassments
In the management OF the company. He appears
co have ingeniousy made many personally respon-
slble Tor MS acts. and, through mis- skill lawyer
TO place IN JeopaI dy large amounts oil money when
IL was supposed ne Was In reality ltquldatng the
Indebtedness OF tne corporation. Inc retired
merchant viii scarcely escape without loss OF
WIDOWS AND ORPHANS
The character 0! Mr. Jackson has been SO high
that ne was the trusted custodian OF the property
OF widows and orphans On Friday afternoon o
lady, whose husband Is labo,ing under mental
wrong in the management OF his AFFAIRS and sac
made a direct appeal TO the alleged delauter TO
little she depenoed upon tor her support. He
gave no satisfactory response, and since
VINO resides in Keene. n. H., IS also a sufferer
from his want of fidelity to his trust. IL il stated
mat he has used bogus mortgages to deceive those
who trusted nim with their Investments; IL is
also said tnat trust money, originally invested in
Dank stock, was sold six years ago, though the
lawyer mas paid the dividends TO MS clients with
marked regularity.
NEW MOVE IN FINANCE.
One Of the operations Of she missing Jackson
develops the possibility OF carrying on
financial operations and univlds an en-.
Isy nsw ns !. Of making . one aOss answer
note OF 5000, ana, as IL sometimes the case wnerc
there is no question OF the integrity vi the party,
y bank will lOan money upon The note, the mort
xagee holding the mortgage as lt we're In trust
mortgage. lie borrowed money upon q 5000
holding the note accidentally discovered t1at
another party held note Tor tne same amount,
notes 1t Was Inposslble 10 tell wnica was me
original, aud while leaving the question open for
adjustment they heard that bank on state street
had q third note, Identical In amount. and
purporting 10 be given aud secured NJ the mort
gage OF the same property. Upon comparing these
evidence that the note held oy the bank sas the
original. Here was $4,000 $4,000 Of winch was OF
The gentleman VINO gave the note was called upon
10 identity his signature, when, 10 the astOnsn-
meat or the three parties In interest nc exnloited
edging the payment or the money, with promise
10 return the nete This Is certainly new method
OF inanciering, and it IS interesting TO those who
invest money 20 know the fact, that they may be
on their guard.
EXTENT OF THE DEFALCATIoN.
Some few months since a gentleman who had
occasion 70 LOOK into tue arairs OF the missing
lawyer obtained schedule OF his property. ami ~
VAS then estimated that Is amounted IN value TO
more tnAn $2U0,0D0. Since then some or IL has
disappeared and ASSIGNMENTS nave been put
upon what remains. The TACT stated regarding
his habits throws a veil OF mystery over the whole
anair. he has been noted as q conservative,
steady-going man. whose counsel was sought
OF investors, and whose guard OF trust property
stood second to none the confidence
OF tae community. There Is little probability that
he will return 10 the CITY, Tor the more has AFFAIRS
are Investigated the more complicated they pe-
come. Parties holding his notes are or course
retIcent; but from what ~ already known ~ II APP
parent that such course OF unaccountable dis
honesty has never before been brought TO hight In
this city, and were lt told m WORK OF Action
having occurred IN Boston would be ridiculed az
TOO absurd Tor belief Tue loss TO several families
will De severely felt, for IN two instances II taxes