The evening world. [volume] (New York, N.Y.) 1887-1931, 1921-08-20
dead SURE THING, "
POLICE ESAy,LEDT TO
100000 FORGERY
Clerks Get Rich Quick" Idea
Said to Have Started From
Stock Tip.
70 WOMAN is INVOLVED
Ollson Pleads Guilty and Says
the Money Will Be Found
in Deposit Box.

A dead sure thing" coming in the
form OF tip from a stock broker
is what started Arthur e. Olson, a
S45a- week clerk in the employ Of the
Metropolitan Life Insurance Com
pany, on an alleged get rich quick"
plan which has landed him in Jail on
a charge Of forgery. The amount is
set at 100000.
The police declared to-day that OIL
son, who is twenty-six years old and
has two children, had told them a
story in which he had expected to
get so much money from this sure
thing" that he could quickly and cas-
lily cover UP the extended peculations
in the Metropolitan's accounts and
have enough left over on which to
retire
When arraigned in the Centre Street
Court to-day the prisoner plea ded
guilty 10 the specific charge of forg-
ing an $4,000 check payable to c.
Frederick Jackson and was held in
p-''NN' Oai4 koI tlt oF1uu ny
Magistrate Corrigan. Olsen was
unable to furnish bail and was sent
TO the Tonbs.
The young man was met in the
court room by his father, and broke
into tears as the parent talked earn
ostly with him. When the proceed
ings actually got under way, how
ever, Olson bracod up and told his
story to the court
Magistrate CorriSan at first inten-
dcd to set bail at $4,000. but counsel
for the company declared that only
$4,000 OF the 100000 involved had
been recovered Bail was then set
at $4,000 During argument on the
bail, when the company declared its
inability to trace the s55 900 still miss
ing. OLSON said:
My wife is on her way here from
the country with the keys to my safe
deposit box. Tho company already
has my signature to an order giving
them full possession of the contents
ur tho box. Then it will be found
that the 100000 is intact
Detective Dumphy of Police Head
Quarters and Pinkerton Detective
Wagner arrested Olson yesterday at
Stamford, n. Y, just as the clerk
was about to take a party Of fellow
vacationists on a ride in the touring
car he had bought before leaving on
his vacation.
scnted by the detectives to depart
quietly, and telling his wife he would
be back as soon as he could chcCS up
the numbers on his automobile, drove
off under arrest That vas the last
his wife heard of him until notified OF
his detention in Police Headquarters
here.
Olson, who has been in the Met
ropolitans employ for seven years,
insists there is no woman In the
case and that there was no ques-
ton of the lure of Broadway. The
police say they are inclined to be
llcVe him. OLSON in the course OF
week handled millions OF dollars in
cash and checks a his desk, 1t was
said. He lives at No. 2I Eighty
ninth Street, Brooklyn.
The discrepancy in Ollson's ac-
counts was not discovered until sew
eral DAYS after the prisoner had LEFT
on his vacation. The first !rt.mation
was Of only a minor nature, but OH
Gials of the company decided to in
Vestigate and soon learned the ex-
tent of Ollson's dealing. He had
taken advantage Of the company rou
tine whe rcby different ohic srs on dIf-
fercrt DAYS ssuc warrants fer loans
requiaitioned by clients.
II was in this way that Ollson mads
out a duplicate warrant in Mr.. John
sons name on July rs, took it 70 d
bank, deposited IT in Mr.. Johnson's
name and then drew against II, re,
depositing the checks in ten saving,
banks using different names.
Since July 26 Olsen has repeated
the duplicate warrant TRANSACTION
twice, IL is charged, once with $37,00'
and again with $45,o0o.