The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-11-27
HE STOLE MILLIONS.
Astonishing Frauds Of q Chi
cago Real Estate Dealer.
HEAvY CAPITALISTS swInDLEp.
Broker Frsdericksen sells T.ands Ne
Does Not Own and Tr<asscss =.
Ezormeas Badness.

CHTgxso, Eov. IS sensational develop
menfs are following each other RAPIDLY In
the million-doilar swindIe Of Fredericksen
q Co., land agents. Tonight il l. asserted
that thousands Of settlers, mainly Scsndi-
7avians In Kansas, Iowa and other West
era states. who have. IS they suppose. paid
for their lands and got deeds from Fred
erickson, hare absolutely no title 70 il.
Dark hints are dropped that back Of
Fredercksen we're parties IN Milwsukee
who are the real benefciariss Of the gigantic
frauds. Wholesale arrests Of clerks and
other persons in Chicago who brazenly
acted as Fredericksen' 3 tools are talked Of.
Tomorrow the states attorney and the
chief sufferers win consult and Organise
plan Of campaign. Eight or ten Eastern
capitalists are said By one authority this
evening 10 have contributed 500. 900 each
70 FredeFicksenis Golfers, and $4,000 Ia
thought 10 have been dropped by . single
victim ont OF many Ia Milwaukee. E. @.
Clnmbstoek.
Another Wisconsin victim. Mr.. Cowie,
was heard declaring this afternoon that
Fredericksen's arrest would be secured II
II were necessary 70 follow him 70 the end
Of the world. Cowie says 200 servant girls
in Chicago invested with Fredericksen
from so to 500 each and have lost all.
Among Chicago capitalists who are men,
toned as having had confidence in Fred
erickson and suffered thereby are e. @.
southw0rth. the steel man. and s. w.
Rawson, the banker. Besides these the
losers are saie TO include the Fort Dearborn
National bank and the Chicago Loan and
Trust Company. Ex-Governor Rice, OF
Wisconsin,, one of the victims Of
the swindle, arrived this afternoon.
He admits losing $3.50. 900. and says Cashier
Nunemachsr. Of the Merchants Exchange
bank. Milwaukee,. Is also a heavy loser,
while G. d. Hendricks, . prominent real
estate broker Of Milwaukee, has lost every
cent he owned and been forced to assign.
Milwaukeeans believed the Chicagoans
had investigated Fredericksen. and, there
fore. did not themselves investigate. Rice
says Fredericksen's plan was to get an OPP
ton On tract OF land from some railroad
company and, representing that he owned
1t. sell farms to ignorant emigrants.
Abstracts were furnished by notaries
in Fredericksen's Office, who certified any
thing. Some wesKsago Erederieksen con-
iessed to Nnemaeher, Hendricks and
Rice thai he had been issuing fraudulent
deeds and mortgages, bat che enormous
extent of deception was Tot disclosed.
The trio of capitalists let Frederick
sen 70 ahead and form q stock
company for half million
dollars TO eerrv on business, and them
selves took most Of the stock. Since then
untold other crookedness has come 10 their
ears, and Fredericksen has fed.
Rice says large number OF dealers in
railroad lands In Chicago hold Frederick
sens paper. bat arg keeping quiet for fear
IL viii iniure their credit Today Fred
ericksen's bookkeeper. Goodwin. was held
in bonds OF 81. 600. until Saturday.
Mr. Vaughan. who was appointed re-
ceiver for Fredericksen. asked to be dis
charged. He reported the assets in sight
less than 500.