The Bowbells tribune. [volume] (Bowbells, Ward Co., N.D.) 1899-1969, 1904-12-16
SLIM PICKING
FOR CREDITORS
ABOUT ONE AND oNE.HALF MILLS
ON DOLLAR ALL MRS. CHAD
WICK CAN PAY.
EXTENT OF HER OPERATIONS
ABOUT S1,1so,ooo NOW KNOWN TO
HAVE BEEN SECURED IN
LOANS.
CANNOT BE HELD FOR FORGERY
LAWYERS BELIEVE 1T WILL BE
DIFFICULT TO PUNl5!i HER
FOR FORGERY.

cleveland, OulO, D0C. l0.-aCCOlu u
ing to the most accurate estimate of
the estate of Mrs. Chadwick that it
possible before the receiver has in
vestigated her assets and reported his
findings to the court, her creditors as
a whole will receive about Is mills
on the dollar. What lends additional
interest to this showing, from the
creditors standpoint, is that one man,
Iri Reynolds, will receive the whole of
the assets visible at the present time.
There may be funds in reserve some
where, as there may be additional
creditors who have not yet announced
that Mrs Chadwick is indebted to
them, but it is not expected by bank
ers and attorneys of this city, who
have the greatest knowledge Of her
affairs, that any more large loans
will be developed.
Extent of Her Operations.
The extent of her operations is now
believed to be approximately as fol-
lows:
Secured from Citizens National
Balm VI oDClliH. tooo'.oVo. boitc"
from Herbert D. Newton. 100000.
Borrowed from business man in Pitts
burg, $5O0,000. Total, sl,19o,o00.
Against this stands security of
known value on one note amounting
to $500, which is held by Iri Rey-
nclds.
The amount of money received by
Mrs Chadwick in Pittsburg may run
as high as SSO0,0OO, but it is believed
that a portion of this sum is a bonus
promised by her
For an Original Loan
Of at least $50O,000. Her creditor there
figures that she is indebted to him for.
the larger amount, while she has ad-
mitted that she owes s5O0,O00 If her
debt in this direction is 100000 the
probability in sight of the creditors is
about 12 mills on the dollar. 1t is
not believed by any of the attorneys
in the case that the Carnegie securi-
ties will be Of any account whatever.
The case Of Mrs. Chadwick will
this morning be brought before the
grand jury of Cuyahoga county. The
investigation will extend only to the
alleged forgeries of the Carnegie
notes, and report from the jury is
expected no later than Tuesday.
It is the opinion of some of the
leading attorneys OF. Cleveland that
charge of forgery
Carnot Be Made to Hold
in connection with these notes. They
declare that it is not an act of forgery
for one person to write the name OF
another, but that the oTense lies. in
the attempt to negotiate such sig
nature for specific value. This,
they say, there is SO far no evidence
nat Mrs. Chadwick has done. She
has not sold or attempted to sell the
notes for cash. Other charges may
be brought homo to her, they declare,
but in their opinion, it will be some
what difficult to punish her for forgery
in connection with the Carnegie notes
unless it can be shown that she en-
deavored to negotiate them. This ap-
parently is the opinion OF the Lorain
county grand jury, which failed to
return an indictment against her.
Wit! Not Try to Get Bail.
New York, Dec. 13.-From present
indications it is extremely unlikely
that any attempt will be made to OBJ
tain bail for Mrs. Cassie L. Chadwick,
who has been in the Tombs since last
Thursday night on the charge of aid.
ing and abetti2g Dank officials in the
embezzlement of $4,000. She was
held under $4,000 bail.
Mrs. Chadwick passed a quiet day
in the Tombs No visitors are allowed
to see federal prisoners on Sunday
and no exception was made IN Mrs.
Chadwick's case, although she re-
ceived two notes from her nurse. to
which she replied. She attended divine
service in the corridors.