PEABODY MUSEUM THIEF HELD ON THREE COUNTS

Theodore M. Olesen, Jr. 24, unemployed Cambridge housepainter, who has confessed to charges of looting valuable objects on exhibition at the Peabody Museum on the afternoon of December 31, was arraigned in the East Cambridge Courthouse yesterday on three counts of breaking and entering.

Olesen, an ex-inmate of the Concord Reformatory pleaded guilty on all three counts. He was held in $10,000 bond for the Middlesex Country Grand Jury by Judge Arthur P. Stone. Before he faces trial for the Peabody thefts, probably some time next week, Olesen will be tried on several other counts for larceny in the vicinity of Boston.

A large part of the $5,000 worth of valuables stolen from the Peabody Tercentenary Exhibit by Olesen has been returned, it was reported yesterday. The loot, which included 30 articles of gold, mostly, beads and amulets, was easily identified by the shops in which Olesen had sold it. Many of the stolen objects returned, however, had been either badly mutilated or melted down.

Olesen, who at first denied having participate din the Peabody robbery, claiming that the stolen goods had been planted on him, was broken down on Monday by Colonel Apted.