The Globe-republican., 1889-12-04
rREDERIKsEN Is WANTED.
rcoSr1NrED FROM FIRST PAGE1

CONTINUED FROM FIRST PAGE
the land as soon as he was able, and
make the settlers deeds and the mort
cages he had sold both secure. Then he
was driven to make this other kind Of
mortgages and sell'them. Ilet him have
. little to straighten things OUT
CONFESSED TO SEVERAL.
ssDoes Mr.. Nunnemacher of Milwaukee
know all these details?''
"Fredefiksen confessed to Mr.. Nunne-
macher and to Mr.. C. D. Kendrick of
Milwaukee as we'll as to myself that he
had been issuing fraudulent deeds and
mortgages. was in favor of having
him arrested. but the others thought the
affair could be tided over. We did not
then know the enormous extent of the
fraud, and supposed 100000 or $780,
600 the limit. The news Of other crook
edness of which we knew nothing has
been published since and Frederiksen
left.''
He said that a large number of Chica-
20 dealers in railroad lands hold much
of Frederiksen's paper, but are keeping
quiet about it for fear of injuring their
credit.
DR.. Rice intimates that he has the adj
dresses of seventy-five men who signed
mortgages for land they never owned.
To these men Frederiksen paid IS apiece
to put their names to blank mortgages.
Many vague rumors are heard concern
ing the names and number of Frederik-
sens victims. That they are numerous
and extend all over the United States
and even to Europe there is ample evil
dence. The rich and poor have suffered
alike. In his choice of victims Mr..
Frederiksen seemed to have been entire
ly impartial. They range from the mil
liOnaire banker to the poor laboring man
endeavoring to secure home and the
frugal servant girl who has tried to find
a good investment for her hard earned
savings.
Among the Chicago victims S. w.
Rawson, the banker, is undoubtedly
numbered, and his name is heard most
frequently in that connection. Other
Chicago names mentioned as heavy
losers through their advances on or in
vestments in worthless securities are E.
G. Southworth, the Joliet steel man, the
Fort Dearborn National Bank, and the
Chicago Loan and Trust company. Those
who claim to be on the inside hint that
the Chicago list is long one and con-
tains many prominent men.
Chicago and Milwaukee furnished the
greater number of big victims, but St.
Paul, New York, and other cities are
said to have contributed largely. Fred
erickson has been south several times
since the formation of the land company
and also east for the purpose of floating
the stock of the company. DR.. Rice says
that the victims number hundreds of
thousands.
The following note received by the
Tribune yesterday will give some idea OF
the extent of Frederiksen's operations:
CHICAGO Nov. 26.-(Editor of the
Tribune. Twill you kindly state that our
interest in the affairs of N. C. Frederik-
sen is not personal, but simply that OF
attorneys for certain creditors in Holland
to whom mortgages have been sold by
Mr.. Frederiksen.
PICKHAM & BROWN.
WISHES TO BE RELIEVED.
Mr.. Haughan, the receiver, appeared
before Judge Shepard yesterday and
asked leave to resign his position as re-
ceiver. He stated that since his appoint
ment Nov. he had found no property
in the concern except $3.50 in money
and tin box and some paper boxes con-
tanning papers of no apparent value and
various securities pledged to a great
number OF persons scattered over the
country. To realize from them would
require an outlay of thousands of dollars
for expenses in getting them into shape.
The creditors had refused to advance
money to pay the necessary costs of an
investigation into the nature and amounts
of the securities. 1t was throwing good
money after bad. Judge Sheppard told
him to give notice of his motion to be
allowed to resign to all parties interested
and come In again.
The Oberg case was the first to attract
attention to Frederiksen's peculiar meth
DDS, and may be given as an example of
one among thousands that are similar.
Andrew Oberg was one Of Frederiksen's
poor countrymen, SO many of whom
were drawn into the net of this Napoleon
of land sharks. He was q poor farmer
s.l