Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-28
A NOBLEMAN SUED.
Serious Charges of Fraud Made
Against the Baron Lagerfeit.
AN ISSUE OF $4,000 BOGUS STOCK.
How Pittsburg Banks We're Taken in on
the False Certificates.
TIE ACCUSED VISITING HIS FATHER

The business affairs of Baron Lager
felt, Vice Consul to Sweden and Norway,
are in very complicated condition. A tel
egram from Steubenville, O., states that the
Baron had issued and sold $40, 900 worth of
bogus stock certificates Of the Jefferson Iron
Company. Baron Lagerfelt was elected vice
president of the company few months ago
and the alleged bogus stock has ali been
sold in Pittsburg. The Baron is now trav-
cling in Europe and will not be home for
some time. "vs ser
Writs of foreign attachment were issued
in court at the suits of the Allegheny Ma
tional Bank, of Pittsburg, and the keystone
Bank, to seize the effects in this county OF
Baron Lagerfelt. The writs were directed
against the Pittsburg Volksblatt Publishing
Company. j. f. Lagerfelt and j.. =.
Hirsch, doing business as Max Schamberg
& Co., in which concerns Lagerfelt was in
terested and T. Mellon q Sons, Mellon
Brothers and Susie Meenan, who hold real
estate belonging to Lagerfelt.
CHARGES OF FRAUD MADE.
In the suit of the Allegheny National
Bank, Cashier f. G. Hutchinson states that
June Lagerfelt borrowed $40, 900 from the
bank. He gave as collateral security GER
tlficate of 400 shares of capital stock Of the
Jefferson Iron Company, of Steubenyille, 0.
The par value OF the stock was 500 per
share, and it was represented that its market
value was $26, ,000 Believing it to be alright,
the stock was accepted as security and duly
assigned by Lagerfelt to the bank. It has
since been learned that the certificate of
stock was forgery, and that Lagerfelt was
not a stockholder in the Jefferson Iron Com
pany. On July 25 he left for Europe, where
he now is, and it is believed that he went
there to get out of the consequences OF his
act. To save itself, the bank desired to at
tach whatever effects of Lagerfelt's it could
find
An almost similar statement is made by
Cashier J. 81. Hayes, of the Keystone Bank
On July 16 Lagerfelt borrowed from them
81, 900, giving as collateral security a GER
ti6cate os 200 shares of the stock. Its mar
ket value was represented to be SIS, 900.
The certificate has been found to be q
forgery, and they also want to attach what
ever property of Lagerfelt's can be found.
A FORMER PARTNERS STORY.
lie. Hirsch, who now owns the business,
formerly controlled by Max Schamberg q
Company, and who formerly had Baron
Lagerfelt for a partner, was interviewed
yesterday. He believes the Baron will re-
turn and everything will be Strengthened.
Said he:
"Baron Lagerfelt was only nominal part.
ner in this firm, and took no active interest
whatever. He received the appointment in
1888 of Vice Consul for Sweden and Nor
way. His family holds a high position in
Sweden, and be came to Mr.. Schsmberg
with the best of recommendations. from
the nobility at home and diplomats in Amer
lea. In December, 1884, he married Miss
Mary Doty. the daughter of c. B. Doty, of
Steubenville, Mr.. Doty was the largest
holder OF stock in the Jefferson Iron Works,
and was also a big stockholder in the La
Belle furnaces at Wheeling. From that
time he devoted his entire time to his father
in-law's iron business, and for that purpose
Mr.. Doty had him elected Vice President of
the Jefferson Iron Works.
As Consul he only:had desk room in my
Office. Mr.. Schamberg advised me to take
the..Baron as partner. Mr.. Lagerfelt put
in some money but soon withdrew, it. He
has not cent interested in the business now
and we do not owe him anything.
Gas to his trip to Europe / can say that
last spring the Stockholm papers published
daily bulletins about the health of the
Baron's father. On that account he de-
cided to visit him as well as to look after
higher diplomatic service. He told me
he had been promised Consul Generalship.
1t is my personal opinion he will return and
straighten everything. On July "a he Sc
cured a furlough of six weeks from Wash
lngton, and was empowered to attend to
his business as Consul"
A visit was paid to the Baron's residence
on Highland avenue last night to obtain
his wife's statement, but the servants
stated she was out, they did NOT know where
nor when she would return.