400 shares of Electrical Glass Corp. Stock Embezzled by Fessenden

FESSENDEN ARRESTED

Treasurer of the Cape Cod Canal Company

Charged With Having Embezzled $1600.

Announcement Caused Excitement in Sandwich.

Sam Fessenden of Cape Cod canal fame was yesterday arrested in New York city by Inspector Burke of police headquarters.

Charles H. Jenkins of Waverly, president of the Electrical Glass Company of Sandwich charges him with having embezzled 400 shares of the stock of the Electrical Glass Company, which were in the name of his wife.

In the early part of February Mr. Jenkins is said to have become financially embarrassed, and to have sought aid through Mr. Fessenden. The latter is stated to have said that it would be very easy to negotiate a loan of several thousand dollars through President Clark of the Suffolk Loan and Trust Company of Devonshire street, and was willing to act as agent in the transaction.

Mr. Jenkins was to sign three-month promissory notes, and these were to be negotiated by Mr. Fessenden, backed up by stock in the glass company.

Consequently, Mrs. Emily Jenkins gave into Mr. Fessenden's possession 900 shares of the stock, the value of which is said to be $5 per share.

This was on Feb. 18. On the 14th Mr. Fessenden was to have the cash.

To pay him for his trouble Mr. Fessenden was to have the use of one-half of the money secured for the period of three months, and at the expiration of that time was to furnish half the funds necessary to meet the notes.

A few days later Mr. Jenkins, not having received the money, went to Mr. Fessenden and as a result of the interview obtained 500 of the shares. Mr. Fessenden retained 400 shares.

On March 20, Mr. Jenkins received word from the West Newton Savings Bank that a note of his for $600 would fall due on April 1. Mr. Jenkins says he knew nothing about the note, having been informed that Mr. Fessenden had been unable to negotiate the notes.

Later Mr. Jenkins received word from Mr. King of Bryant & King, leather dealers, 57 South Market street that his note for $200 would be due on April 13.

This was another surprise for Mr. Jenkins. On investigation he found that Mr. King held 100 shares of the glass company and the West Newton Savings Bank held 200 shares. He at once placed the case in the hands of Lawyers Maher and Hill of 28 School street, and Chief Eldridge had a warrant issued for Mr. Fessenden's arrest. The latter was located in New York, and Wednesday Inspector Burke went to that city. Yesterday he telegraphed that Mr. Fessenden was under arrest.