Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-28
SENSATION OVER SUIT
CLEVELAND WOMAN ASKED TO
RETURN LARGE LOAN.
Plaintiff in Action is Prominent
Business Man Of Brookline, Mass.
Ohio Bank Closed.

NEW YORK, November ga sensation
has been caused here by the bringing OF
suit by Herbert d. Newton of Brookiine,
Mass, against Mrs. Cassie Chadwick OF
Cleveland. Ohio, for $19O,S0O for money
loaned. Mrs. Chadwick is the wife OF
Cleveland physician. In addition to MI.
Newton's suit several banks have taken ie-
gal action to recover various amounts
which bring the total sum to $267.SO
Mr. Newton alleges that Mrs. Chadwick
told him she had 100000 In bonds ana
securities held in trust by Ira Reynolds,
secretary and treasurer of the Wade Park
Banking Company of Cleveland, and that
she had a note for 100000 which she could
negotiate at any time for the purpose OF
paying Newton. He loaned her $ly0,SOO
p w Carver of Boston, attorney for Mr..
Newton, in a statement for his client, SAID
that when the loan became payable 1t was
not met and that then he, Mr.. Carver, nad
a conference with Mrs. Chadwick and her
counsel 1.-The statement was made to me"
said Mr.. Carver, that the securities held
as a trust fund would soon be released
and that in a short time all the various
obligations would be paid.
Later / went to Cleveland, where l mad
a conference with Mr.. Reynolds, but he re-
fused to disclose any information as to the
securities in his care.
Suit in Equity Filed.
Following another conference with Mrs.
Chadwick's counsel last Monday we decided
to bring suit in equity for the recovery OF
the money and have obtained injunctions
restraining Mr.. Reynolds from putting the
securities out of his possession, and also to
prevent Mrs. Chadwick from disposing OF
Them
held in trust by Mr.. Reynolds, Mr.. Carver
declined to make any statement.
Besides Mr.. Newton, the plaintiffs In the
suit against Mrs. Chadwick are the Eu-
Of Cleveland. for 1921: the Savings De-
posit Bank and Trust Company of Elyria,
Ohio, for $4,000, and the American Ex-
change National Bank for $2S,80S.
tional stories growing out Of the case at
tracted much attention here. Mrs. Chad
wick came here last Thursday and went TO
a hotel. At this hotel 1t was said today
that she had remained only one day. but 1t
was believed that she was still In the city.
Her husband is believed to be in Europe
Oberlin Bank Closed.
OBERLIN, Ohio, November 2S.-The Citi-
zens National Bank of this place was
closed this morning. The action was taken
as result of meeting of the board of d.
rectors held yesterday. The following no.
tice was posted on the bank door today:
"This bank will not open this morning,
or until further notice. The bank is In
charge of the national bank examiner for
examination and investigation.
A financial statement issued by the bank
to be $50, 900: surplus, $4,000; deposits.
$475,O0O; loans and discounts, 1900;
bonds and real estate, $133, 900; due from
banks, $685. cash on hand, $4,000
c. G. Beckwith is president of the inst-
tuition The bank was founded in 1853. 1t
Is generally understood that the bank car
ried notes of Mrs. Cassie Chadwick OF
Cleveland to large amount.
On Saturday there was run on the bank
as result, 1t is said, of a rumor that Mrs.
C. L. Chadwick of Cleveland had borrowed
largely from the institution. Officials of
the bank state that $500, 600 in cash is ex-
| pected from a New York bank today.
Plaintiff Well-to-Do Business Man.
| BOSTON, November 2S--Herbert D. New
ton of Brookline. who has sued Mrs. Cassie
Chadwick Of Cleveland, Ohio, for $3.50, 800
| is well-to-do business man. Concerning
the action against Mrs. Chadwick, he says
that suit had been brought in the common
pleas court at Cleveland to recover upon
loans made to Mrs. Chadwick for which
promised payments had not been made
when due. Il am not alone concerned in
| this matter" said he, "but l must decline
to tell who are the other parties. l made
| the loans on the strength of a statement OF
MIS-. ChaQW1cR tndC Sno WAS d WOIHdu VI
wealth and owned securities sufficient to
warrant the loans. The promised payments
| were not forthcoming and we propose to
| find out whether her assertions were true .
Mr. Newton understands the case will
come up at Cleveland tomorrow.
Not Worrying Over Money.
ELYRIA Ohio, November 2S.-D. ]. Nye
| vice president of the Savings and Deposit
Bank of this city, which recently brought
| attachment proceedings against Mrs c. L.
| Chadwick, referring to the matter today
| said:
| 1--WE loaned Mrs. Chadwick $4,000 on Sc.
| curity which we consider ample. Her Sc.
| curity consisted not only of her household
| effects, but the real estate, the house she
| lives in. which belongs to her. We heard
| that Mr.. Newton of Massachusetts, ex-
| pected to claim the property. so we placed
| a man in charge of the place. That's al
| there is to it. We are not worrying about
| the money at ALL"