The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-11-27
A GENUINE BOOMER.
Z The Deeds and MiSdeedS of a Real
Estate Dealer.
HE SOLD GARDEN OF EDEN LOTS.
Germany's Colonial Policy Criticised in the
Reichstag-A Disastrous Fire at Lynn,
Mass.-RecOgniCion of Brazil.

CHICAGO, Nov. 2G.-Sensational developments
are following each other rapidly in the million
dollars swindle OF Fredericksen g. Co, land
agents. Tonight it is asserted that thousands
of settlers mainly ScandinaYians, in Kansas,
Iowa. and other western states who have as
they suppose, paid for their land and got deeds
from Fredericksen, have absolutely no title to
it, Dark hints are dropped that back Of
Z ,Eredercksen, were parties in Milwaukee who
Ore the real benehciaries Of his gigantic
fraud. Wholesale arrests of clerks and other
persons in Chicago, who braZenly acted as
Eredericksen's tools, are talked OF tomorrow.
The states attorney and the chief suffers will
consult and organize plan OF action. Eight
or ten eastern capitalists are said by one
authority this evening 10 have contributed
$4,000 each 10 Federicksen's Golfers and $4,000
is thought TO have been dropped Dy
single victim. But OF many in Milwaukee IS h
$. Clum berstock. Another W lsconsin victim, Mr.
Cowie. was heard declaring this afternoon that
Fredricksen's arrest would be secured If il were
necessary to follow him TO the end of the world.
.Cowie says 30 servant girls in Chicago invested
with Fredricksen from so to 500 each, and have
lost all. Among Chicago capitalists VINO are
mentioned as having had confidence in Fredrlck
sen and suffered thereby are E. g. Southworth
the steel man. and S w. Rawson, the banker.
Besides these, the losers are said TO IN
clude the Fort Dearborn National bank and the
Chicago Loan and Trust company. EX=Gover,
nor Rice, of Wisconsin, one of the victims of
the swindle, arrived this afternoon. DE admits
losing $4,000 and says that Cashier
Nunenacher, of the Merchants Exchange bank,
Milwaukee, is also heavy loser, while Z. ID.
Hendricks, = prominent real estate broker Of
Milwaukee, has lost every cent he owned and
been forced to assign.
MilwIulleeans believed Caicagoans had invest
igated Fredericksen and therefore did not them
selves investigate. Rice says Fredericksen's
plan was to get an option on a tract OF land from
some railroad company and representing that
he ownedit, sell farms to ignorant emigrantS.
Abstracts we're furnished by notaries in Fred
ericksen'S employ, who certified everything.
Frederickseu confessed to Nunemacher, Hen
drick & Rice that he had been issuing fraudulent
deeds and mortgages, but the lormous extent OF
the deception was not disclosed. The trio OF
SaGapitalists let Fredericksen 90 ahead and form
y 'tnrl company for half million dollars to
carry o the business and they themselves took
ms. II the stock. Since then untold other
!. CrOOkedueSS had come to their ears and treder
y icksen had fed Rice says number of large
dea ers in railroad lands in Chicago hold Fred
erickseI paper. but are keeping quiet for fear
1t will injure their credit. To-day Fredericksen's
boOz-keeper, Goodwin, was held in bonds of
$4,000 until Saturday Mr.. Haughan, who was
appointed receiver for Fredercksen, asked to be
discharged He reported the assets in sight
less than hundred dollars.