The San Francisco call., 1904-12-11

of $4,000 was promised the bank
when the loans were repaid.
The Common Pleas Court to-day ap-
pointed Herbert w. Bell, local repre-
sentative Of a guaranty company, as
receiver on behalf Of Banker Herbert
d. Newton of Brookline. Mass, in the
latter's action against Mrs. Cassie L.
Chadwick.
On the application of Receiver Loeser
the United States Court later granted
an injunction against the firm of Carr,
Stearns & Chamberlain, attorneys for
Herbert D. Newton. restraining them
from taking possession of any securi-
ties or other property of Mrs. Cassie L.
Chadwick pending a final hearing. The
action was made returnable on Decem-
Der II.
Receiver Bell, however, managed to
escape service Of the restraining order
OF the Federal Court, and thirty min
! utes after he was appointed obtained
from Iri Reynolds all of the Chadwick
papers In his possession.
THAT CARNEGIE TRUST.
Among the papers found to-day in
the package of so-called securities left
with Iri Reynolds by Mrs. Chadwick
was what purported to be copy of a
trust agreement between Andrew Car
negie and Mrs. Chadwick. The docu-
ment is as follows:
Know all men by these presents:
That /, Andrew Carnegie of New York
City, do hereby acknowledge that I
hold in trust for Mrs. Cassie L. Chad
wick, wife Of DR.. Leroy s. Chadwick
OF 1924 Euclid avenue, city Of Cleve-
land, county of Cuyahoga and State of
Ohio. property assigned and delivered
10 me for said Cassie L. Chadwick by
her uncle, Fred B. Mason, in his life
time (now deceased), which property
is Of the. approximated value of ten
million two hundred and forty-six
thousand dollars (S10,246,000), con-
sisting Of 250e shares of Great West
ern Railway stock Of England and
Wales valued at two million one hun
dred thousand dollars ($2,1O0. .000)
1900 shares of Caledonian Railway
stock Of Scotland, valued at one mill
lion one hundred and forty-six thou
sand dollars, (S1,146,000), and bonds
of the United States Steel Corporation
Of New Jersey, bearing 8 per cent GIVE
per cent? interest of the par value
Of seven million dollars Cs7,0Oo,o ,o0o).
PAYMENT OF THE INCOME"
The income from the above de-
scribed property 1 agree to pay over
TO said Cassie L. Chadwick semi-an-
nually, between the first and fifteenth
days OF June and December cf each
year during the life of this trust, with
out any deduction or charges for ser
vices or expense of any kind this
trust to be and remain in full force
until August %, 1902; in case Of the
death Of said Andrew Carnegie said
trust to terminate Immediately and
said property, income and all proceeds
to vest, absolutely both in law and
equity, in said Cassie L. Chadwick; in
case of the death of Cassie L. Chad
wick said trust TO terminate imme-
diately and all of said property to-
gether with all income and proceeds
thereof. to be transferred and turned
over to the heirs at law or legal rep
resentatives Of said Cassie L. Chad
wick.
Il further agree to carry out all OF
the above provisions, and that all of
said stocks and bonds have been in
dorsed over in the name of said Cassie
L. Chadwick, so that no further or other
act will be necessary on my part or on
the part of nay legal representatives to
put said Cassie L. Chadwick or her
heirs at law in full possession of same
on the termination Of this trust.
Witness my hand and seal this 9th
day of February. 1901.