Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-12-10
THE MYSTERIOUS SECURITIES.
"a, Three Years Have Been Principal
Basis Of Mrs chadwlck's Flnan
clal System.
THEY WRECKED OBERLIN BANK,
R,outabIe Lawyers Who Have Tx.
amlaed the Various Papers Express
Ooluon that They Are Worthless,

------
Cleveland, o., Dec, lo,-The Plair
Dealer says;
oWhen the contents OF the mysterl
an, securities held for Mrs. Cassie l.
chadwick by Ira Reynolds in the Wade
Park bank are revealed to the outside
Il viii be found that the signature OF
Andrew Carnegie has apparently been
forged on notes and other papers to
the total amount OF Si3 100000 The Sc
nlrltles held by Reynolds, together with
those that were held by the Citizens
National bank Of Oberin, and have al
ready been made public, aggregate this
amount
'The mysterious securities held by
REYNOLDS In trust, concerning which
there has been 80 much futile specu-
lation during the past two weeks, con-
sIst Of the following Items;
First, note for the sum Of S5OOO,OOO,
bearing the signature Of Andrew Car
nege
Second, certificate Of trusteeshlp,
Which states that Andrew Carnegie has
In bis possession stocks and bonds to
the amount Of H5OO,OO0 held by him in
trust for Mrs. Chadwick. This paper
also bears the signature of Mr., Car
node,
These securities supposed TO repre-
sent the vast amount Of Si2,500, 900. have
been for the past three years the prin-
cpal basis on which Mrs. Chadwick has
conducted her financial system and on
which She has borrowed sums which il
is conceded run up to the millions and
are positively known 70 exceed 81 ,00O,-
90
And the same securities are the
rock which has wrecked the Oberlin
bank and caused the ruin OF hundreds
Of families, and losses TO business
houses almost without number. For II
Is the frankly expressed opinion Of
reputable lawyers who have examined
hese papers that they are not worth
one cent
Moreover, there Is bitter irony in the
latl that the very man who held this
worthless paper so faithfully and ten
@ousy for Mrs, Chadwick, and who
apparently believed In its worth so im-
Wctly and through whom others were
pehaps lnnocently drawn into the vor-
e1 OF Mrs, Chadwick's operations,
should himself be one Of the heaviest
o'ers For Ira Reynolds, after HIS lonp
course OF faithful guardianship for the
woman whom he. trusted, now considers
himself a dupe. II Is stated as fact,
hoy hitherto known, that Reynolds
@sned Mrs, Chadwick practically all
ue money he possessed. His entangle-
mems however involve only himself, |
ne wade Park Banking company be,
ilg 10 no way affected.
me note Tor s. ,0OO, 900 Is believed by an |
Nho have knowledge Of It to have been |
1.Vtll and signed by the same person |
wa, geo illled out and signed the notes for |
wv1v and S25O00O held by the Ciu- |
A,ns National bank Of Oberlln
Is understood that the certificate
81 Uusleeshlp states the securities held
w andrew Carnegie for Mrs. Chadwick |
C CSIslsl OF United states Steel bonds,
.seeuonlah Railway stock in Scotland
ppuu Great Western railway stock In
heahu the three aggregatng as
'p ,.. stated, N5OO,OOO
,.,UV put II briefly, the great Chadwick
Seooe mas burst. There is no hone an.
crtegI The foundation on which Mrs
,, aiiuN'VNs creditors rested their expec,
pss sns mas sunk and the Chadwick n.
ls- %, tysIem' which has been totter-
~ uhe past two weeks. has fallen.
, .a,ess help should arrive from unforo.
~. wv source the creditors are helnless
nv Mrs. Chadwick has no resource
we must NOW face the storm that has
'''' steadily growing in intensity"
'sS' CHADWICK LESS NERVOUS.
NeW York, Dec. 1O-Fretted by
Tl.S o restraint, apparently almost
only 'I az. ana unable to secure bail for
4 AZ fioVV0' Mrs Cassie l.. Chadwick
An, ,,Il, S'eo TO decide today whether
ms., VII 30 Voluntarily To Cleveland IN
lsesI uer accusers or begin the long
iotk city P''p''a''oh IN New
M , n. chadwick said yesterday that
linz vac anNious 10 get to Cleveland I'm
'srs g., sg'ufe her release ON hail no.
Az sunday. If she were 10 start 10
mill NorIr.'s nt De compelled TO walt
nan siay evening even II bonds
n v oa',eu her IN the Ohio CITY
he ogla, announced semi-oGlciailv NJ
Jaw tbo, a, gl the federal authorities To-
ategf alrs. Chadwick, in face of tho /
,opi5 developments I'm ClaveIand !
M bsr woDaoly remain here TO fght !
oya. VA Chadwick apparently bod
ess ~. from the extreme ner,,o,,s Z
M r.. O' which she has been snsrer- I
fo,e q lne last few DAYS when sho v
n m toh her bed I'm the Tomhy ~ e. I
reakfas, use OF a knife and fork for I
llrse En-, was was again denied her. Her D
IN Enn ' va arrived promptly but her I
sared t anu her lawyers had NOT an. c
EdntnJo IGN she expected the latter n
hadu5cLi- W. Powers one of Mrs i
hethe, counsel was asked ,odnv j
at NJ would repeat his asser,io, q
IAN 81 o6o no.nhadwlck Is worth moro "
all non'o He replied "No p
ade h A. IN the face OF revelatlons 81
nj sh.pl ne newspapers NOT renea ,' n
An {, 1' .I not say why I viii not ~ ~ a
= sec1 10y. also decline 10 discuss Il
ioRK IDENTIFIES PHOTO.
e.. GRAPH.
Yori itahclaco, Dec. lO.-NIrs Al,co l.
ldsr,ae mas Identified a photogranh !,
h N.Y., revere published In On n
* .sspdper as that OF Mrs chaS n
clInes Ia ' r, says IS her sister She -
ms reFardi l,Ae any further state IN
. declares ~. the lati er's early life y,
'ardlng NJ. ,nat she Knows nothing baa
'ubles "'~ chadwicks present b.
scElVr-n M
;hysl,n nS FOR BANKER NEWTON o.
'' "a Dec II. The common CO