Democratic Sentinel, Volume 13, Number 34, Rensselaer, Jasper County, 13 September 1889 — STOLE THOUSANDS. [ARTICLE]

STOLE THOUSANDS.

The Son of an Austrian Count Arrested for Embezzling. Max Jacobson, one of the cleverest of European sharpers, has been arrested at Chicago for extensive embezzlements on the Fidelity and Casualty company of this city. Jacobson, who is a young man of distinguished appearance, has been in the employ of the company nearly a year. He caino here with excellent recommendations. His promotion was rapid and he was soon given entire control of the company’s Western business, being installed as superintendent. He had the handling of large sums of money, and his accounts passed with very little examination. During the l Washington park races, however, President Alexander learned by accident that his superintendent was risking large sums of money in the pools, and a systematic investigation was begun, and Jacobson was proved to be a forger and confidence man, known in most of the capitals of Europe, and to have been released only a year ago after serving four years at Joliet for forgery. From Vienna, Austria, word came that Jacobson’s father held the title of count and was one of the wealthiest of Austrian bankers. It having been reported that Jacobson was preparing to leave the city, a warrant charging him with embezzlement was sworn out at once, arid an officer arrested the young man just as he was stepping on a train for New York. When locked up at the Central Jacobson admitted much that was charged against him; but when he heard that his father knew of the matter he became almost frantic.