Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1904-12-16

The Strange Chadwick case.

Credulity, avarice, the power of a per-
sonality are only a few of the factors in
explaining the Chadwick case, which
forms one of the strangest chapters of
American financial history. comparable
to the Humbert swinde in France sew
eral years ago. The notes signed by
Andrew Carnegie, which Mrs. Cassie
Chadwick of Cleveland, Ohio used i'm her
operations, represent a total value of
$4,000, 600, and she was able to use them
in borrowing over 81. $50 900 in cash The
only security which she has of real value
is "A mortgage note for $500. She has
been indicted on the charge Of forgery in
Cleveland and is i'm Jail in that city.
The Citizens National bank of Ober-
lin, Ohio, which has collapsed, ad-
vahced to Mrs. Chadwick s24O, 900, and
President Beckwith paid to her S1O2, 600
out of his own account other payments
to her included $500, 900 from business men
of Pittsburg, $780, 600 from II. b. Newton
of Brookline, Mass, $685. 291 from the
Euclid avenue savings bank in Cleveland,
$2S, sos from the American Exchange bank
in Cleveland and 100000 from several
persons in Lorain county, Ohio
Mrs. Chadwick used Iri Reynolds of the
Wade Park banking concern of Cleveland
the first monkey in picking out her
financial chestnuts. He was a friend of
the Chadwick family, had been led by it's
display of wealth for years to have no
question that the woman possessed large
means, and had been asked as long
time friend of DIR. Chadwick to receive
the $4,000, 900 package of bogus secur-
tiles in trust and sign his name to a list
of the said securities. He hesitated about
examining the contents of the package,
but Mrs. Chadwick expressed some in
dignation that he should doubt her word,
offered to open the package and he ac-
cepted it without looking at the contents.
With the receipt from Mr.. Reynolds she
was able to secure large sums, and Pres
ident Beckwith and Cashier Spear of the
Oberlin bank were led into the trap Of
loaning her several times more than the
capital stock of their institution with the
promise of large pecuniary gains for
themselves
The Euclid avenue home of the Chad
wicks in Cleveland is said to be filed
with a profusion and confusion of costly
furniture and art pieces. Mrs. Chadwick
is alleged to have done more business
with the Cleveland customs house than
any store in the city. The jewelers. and
importers say that she bought articles
to the value of tens of thousands of dol
lars at time. Gold and silver dishes
are stacked everywhere in her dining
room, and some of her paintings and art
treasures are of great value Boxed up
in the barn is one ''old master on which
the customs appraisal was $4,000.
DR.. Chadwick. who has been interviewed
near Paris says he knows nothing about
the recent developments in the case be-
yond what he has read in the newspapers.
He expresses confidence that Mrs. Chad
wick's business dealings were honest and
says he will return to assist her.
Andrew Carnegie, who never saw Mrs.
Chadwick and never heard of her until the
present troubles were aired in the news
papers, mas accepted subpoena to go to
Cleveland to testify that the signatures
are forgeries