The San Francisco call., 1904-12-11

actual security?"
GAINS VICTIMS FEARS.
The story of how Mrs. Chadwick
played with the two bankers after hav-
ing the money once in her power, as
told by Beckwith, is of absorbing inter-
est. Mrs. Chadwick calmed the fears
of her victims with the claim that she
was a relative of Andrew Carnegie.
The written confession of Beckwith
goes into details of the explanation
made by Mrs. Chadwick as to the man
ner in which the estate was then be-
ing handled. The Wade Park Bank
ing Company of Cleveland was used
simply as a depository for the securi-
ties, according to the tale that the
Cleveland woman made the bankers
believe. The estate was said by Mrs.
Chadwick to be in the hands of three
trustees, all New York men. The
name of one of them was given as
William Baldwin. Mrs. Chadwick said
she could not get hold of the money
except through Baldwin, whom the
banker now believes to be a mythical
person. Baldwin attended to all the
business of handling the interest from
the bonds and turned it over to Mrs.
Chadwick as ii became due. The
bankers were told that the yearly in
come was $750,000. Repeated efforts
were made on the part of Beckwith to
get into communication with Baldwin,
but they were always unsuccessful.
An excuse was always ready when in
quiry concerning Baldwin was pressed.
LURE HELD OUT TO BANK.
The Oberlin bank was to be made
the trustee of the estate as soon as
the contract with the then alleged
trustees was ended, which was said to
be July 1, 1908. When July l. of last
year came around matters were said
to be in such shape as TO make it nee
essary for the estate to remain In the
same hands for some little time longer.
With the end of their troubles in sight
and a golden harvest within their grasp,
as the Oberlin bankers Believed, they
were put off to commence upon a
period of torturous anticipation, which
ended with the closing of the doors
of the institution and the arrest Of
both the president and cashier.
In relation TO the Endorsement of
the notes by Beckwith and Spear, the
story from the banker goes on to re-
late that the notes were indorsed only
as a last recourse in the desperate
chase for funds. He confessed that
he had intended to attempt to nego-
tiate loans upon the notes, but his
nerve failed him. The Endorsements
were put on, it was explained, to make
the paper more bankable.
The confession practically tells
story of how the Oberlin bank had
been used as q clearinghouse for Mrs.
Chadwick's nanipulations. One IN
stance is that of the $4,000 note held by
w. l. Fay and Henry Wurst of Elyria.
The note was given by Mrs. Chadwick
to Fay and Wurst, with diamonds as
security. They pressed for payment,
and finally threatened to sell the jew
els. In her dilemma the woman ap-
pealed to Reckwith. Both were of the
opinion that the public sale of the dia-
monds would cause talk and endanger
the plans that had been made. Beck
with settled the problem by taking UP
the note, giving his personal note in
stead-a note which he later took up
by paying the cash.
BANKER THREATENS SUICIDE. +
One tragic incident related by Beck
with in the written confession con-
Germs visit of President Beckwith,
Cashier Spear and Judge Aibaugh to
the Cleveland home of Mrs. Chadwick.
The two bankers pleaded for money.
Mrs. Chadwick made more promises.
Beckwith was aroused to anger, and
when he saw the hepelessness of it all
he threatened to commit suicide. He
drew a revolver. Mrs. Chadwick cried
carried out his threat. The result was
that the bankers again relied upon
promises.
Many times the bank was pressed for
funds. When dividends were to be met
the president and cashier skirmished
for funds. In order to help them out
Mrs Chadwick at one time gave them
a check for $40, 900, which came back
marked mo funds She gave two
more checks for SIS, 900 each, but the
next day telephoned to Beckwith not
10 use them. The president and CASH
icr were perplexed at times to make
a proper showing to the directors.
Notes, securities and cash were check
ed up and the sum represented by the
loans to Mrs. Chadwick was carried as
cash deposits in Cleveland banks. In
Eeckwiths statement the names of
several institutions and individuals are
given, but they are withheld for the
present.
DIR. CHADWICK is WANTED.
NEW YORK, Dec. 10.-Mrs. Cassie
L. Chadwick is still confined in a cell
in the Tombs. Philip Carpenter, her
attorney said tonight thBG she would
not go to Cleveland before Monday,
and the belief is prevalent that she
will not go to the Ohio city without
a fight. Her counsel, both here and
in Ohio, unite in opposing her volun-
tary departure.
1t was said late tonight that a
bondsman had been found who would
qualify in SIS 900, the amount of bail
demanded by United States Commits
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