New Britain herald., 1924-12-23
IN MONEY MUDDLE,
 ATTEMPT SUICIDE
C. s. Jackson, Resigned, Was Officer ol Eastern Mass, R, R.
SHORTAGE OF S4S,O00

SlaSnes NrlsiS With Razor and
 Turns on Gas--Says He spent
 Money for Company.
 Boston Dec, 23.-Calcb g. Jack son, vice president and treasurer of the Eastern Massachusetts Street Railway company and of the in- surance company which 1t formed 10 handle its wOrkmen's insurance business, attempted suicide early today after announcement that he had resigned because Of improper disposition of $fS,000 of the insur- ance funds A note which he left 10 a sister, Mrs. Mabel Dresser, who shared the apartment in which he tried to kill himself, said he had ruined himself. As state insurance inspectors are still Investigating Jackson's accounts, officials Of the Eastern Massachusetts company said today that they could not give fur ther details of Jacksons transac- tions.
 Denies Deficit.
 At the hospital an orderly who kad read of Jackson's resignation, asked him about it, The patient is said to have remarked: There is no deficit l used the money for the company, only they didn't ap- prove of the way spent it."
 Jackson slashed the veins in an arm with a razor after turning on the gas from a jet. Taken to the relief hospital, he was at first re- ported in a serious condition, but subsequently doctors said he was not on the danger list and probably would recover.
 Loss Over SiS.000.
 Amplifying the statement by the public trustees of the railway that Jackson, who had risen from an au- ditorship to the vice presidency be- cause of many economies that he initiated, had made disposition of slS,00O of insurance funds in q manner to constitute "a distinct breach of his fduciary relationship, :" L. Sherman Adams, q large stock holder of the road. said Jackson had placed the insurance company s funds in securities unauthorized by law. The loss in no event will ex- ceed s4S,000, he said, and will he borne by tho insurance company adding that the assets of the Easi. ern Massachusetts Street Railway company itself are intact.
 The Eastern Mutual Insurance company, of which also Jackson was treasurer, was organized by the rail- way to handle the workmen's con- pensation business. Its books are subject to inspection every three years by the state insurance con- missioner. Examiner Thomas II. O'Connell appeared about two weeks ago with a corps of assist . ants, and made a preliminary gen. eral survey Of the accounts. It is Understood that Treasurer Jackson shortly afterward appeared voluntar- fly before the trustees and admitted the Irregularities that were followed by his resignation.
 No Report as Yet.
 The insurance departments fn- spection is still in progress. and Insurance Commissioner Wesley F, Monks office said today that there vas no report yc' at hand.
 Jackson, who is 55 years old, came 10 the Eastern Massachusetts from q New York firm of account ants five years ago. The insurance company was organized in 1920. Sine" his connection with tbe road he has been promoted to general auditor, comptroller and vice prosi- dent. and treasurer, with duties much the same in each position.
 Jackson was married, it vas un- dorstood, hut his letter announcing that he must pay the penalty" for having ruined himself contained no reference 10 his wife. The letter read:
 Dear Mabel:
 Try to forgive me for all tho sor- row and trouble l have brought on yon I do not know how ever came to ruin myself. But it Is done and l must pay the p.naHy. You will know how much lave arpre- ciated your sympathy and goodness. Please notify Alice. l. ~iu be a terrible shock 10 Ter. May you think as well Of me as you can. Goodbye"
 The Alice rcforrc1 to in -ho note is another sister, Mrs. Alice Fur ritt of New York;
 4 strong box coatalrIuc some bonds, notes and papers. sun of money and some tcuc'ry vas found in the room.
 Commissioner Wcsley Mork 1a'cl said that from preljmuary lnforma. ton he has received >h" affairs o' the Eas'ern Mutual Insurarre Co are a 'lrass "