The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1889-11-27
Fr,ericksen & Co., Land Agents of
'hicago, Take the Public in
for a Million.
Tbusands of Norwegian Settlers
nd Many Prominent Western
Men Heavy Losers.


mcAao, Nov. 6.-SensationRl develop
mats are following each other rapidly in
th million dollar swindle Of Frederieksen
q o., land agents. Tonight il is asserted
tht thousands of settlers, mainly Scandi-
nPinns, in Kansas. Iowa and other western
sites, who have as they supposed paid for
thir land and got deeds from Frederioksen,
hge absolutely no title 10 it,.
Dirk hints are dropped that back
of Fredericksen were parties in Mil
wnkee, who are the real benefciaries
oiihe gigantic frauds. Wholesale arrests
ofclerks and other persons in Chicago who
bn2enly acted as Fredericksen's tools, are
talked Of. Tomorrow the states-attorney
and the chief sufferers will consult and or
gsnize plan of campaign. Eight or ten
eastern capitalists are said by one authority
thsevening 10 have COL trbuted $4,000
enl 10 Fredericksen's Golfers, and 10000
isthought TO have been dropped by a single
yi,tnn out of the many in Milwaukee. II.
q. Clumbstock is another Wisconsin vic
TIM Mr.. Cowie was heard declaring this
afternoon that Fredericksen's arrest would
besecured IL il were necessary TO follow
him 10 the end of the world. CowIe says
several working girls in Chicago invested
with Fredericksen from $50 TO 500. and
have lost all. Among the Chicago capital
lists who are mentioned as hav-
ing had confidence in Freder-
icksen and suffered thereby, are Il. q.
Sonthworth the steel man and =. W. Raw
son the banker. Besides these the losers
are said 10 include the Fort Dearborn
national bank, and the Chicago Loan a
Trust Co. Ex-Governor Rice, of Wisconsin,
one of the victims of the swindle arrived
this afternoon. He admits losing Sl5O.OOt
and says cashier Nuenmncher, Of the bler'
chants exchange bank, of Milwaukee, IL also
a heavy loser, while G. ID. Hendricks, q
prominent real estate broker OF Milwaukee
has lost every cent he owned and been
forced 10 assign. Milwaukeeans believed
the Chicagoans had invested Fredericksen
and therefore did not themselves invest
Rice says Fredericksen's plan was 20 get az
option ON tract Of land some rail oaf
company, and representing that he ownet
IL, sell farms to ignorant emigrants
Abstracts we're furnished by notarici
in Fredericksen's Office, who certified (,
anything. Some weeks ago Fredericksef
confessed 10 Nunemacher, Henderson sns
Rice that he had been issuing fraudulent
deeds and mortgages, but the enormous ex
TINT IF the deception was not discl, sed
The trio of capitalists LET Fredericksen g,
ahead and form stock company Of half |
million dollars TO carry ON the business, AN,
they themselves took most Of the stock
Since then untold other crookedness ha
come 90 their ears. and Fredcricksen In,
fed. Rice SAYS number Of large dealer
IN railroad lands in Chicago hold Froder
icksen's paper. but are keeping quiet 70
feur IL will iuiure their credit Io-dn'
Fredericksen's bookSeeper. Goodwin, WA
held in bonds of $1,000 until Saturday. Mr.
Vaughan. who was appointed receiver iu
Frodericksen. asked 20 he discharged. IL
iepofteu .i's ..saa.s Wv sipht lOss than on
hundred dollars.