The following appeared April 9, 1944 in The New York Times on page 36, column 6:
FORMER 'POLICY KING' IN HARLEM DIES BROKE
Casper Holstein of Harlem Had $500,000 at Peak of Career
Casper Holstein, who was called the "King of Policy" in Harlem until the late Arthur [Dutch Schultz] Flegenheimer took over the racket fifteen years ago, and whose fortune once ran to $500,000, is dead - and he died broke. He succumbed to a long illness in the home of a friend, Al Smothergill, 98 Morningside Avenue, it was learned last night. Funeral services will be held today at the memorial Baptist Church, 141 West 115th Street. He was 67 years old.
Holstein, once a power in th Negro Elks and a philanthropist who gave away thousands of dollars in Harlem and in his native Virgin Islands, had lived in obscurity since serving a three-year prison term, imposed in 1936 for operating a small numbers game in the district where he formerly had dominated policy.
The period of his greatest wealth came in 1928, when he was kidnapped by 5 white men and held for ransom. They asked $50,000 for his release, and when the money was not forthcoming, threw him out of an automobile in Seventh Avenue, after beating him brutually.
Holstein for a time operated the Turf Club, 111 West 136th Street, then a rendezvous for Negro sportsmen. He was president of the New York Virgin Islands Association, which collected funds for the islands' Negro colony. In 1929 he ran for the office of Grand Exalted Ruler of the Negro Elks, but was defeated.