The Savannah morning news., 1904-12-12
MILL AND A HALF
ON The DOLLAR
MRS. CHADWIcK'S CREDITORS
COULD EXPECT NO MORE IN A
SETTLEMENT.

porting to Have Been Signed by
Andrew Carnegie-NOr Can Her
Husband, 1t Is Said, BE Held
Guilty of Any Crime.
Cleveland, o., Dec. 11.-According to
the most accurate estimate of the es-
tate of Mrs. Chadwick that is possi-
ble before the receiver has investigated
her assets and reported his findings
to the court, her creditors as whole
will receive about one and one-half
mills on the dollar.
What lends additional interest to
this showing from the creditors stand
point is that one man, Iri Reynolds,
will receive the whole of the assets
visible at the present time. There may
be funds in reserve somewhere, as
there may be additional creditors who
have not yet announced that Mrs.
Chadwick is indebted to them, but it
is not expected by bankers and attor-
news of this city who have the great
est knowledge of her affairs that any
more large loans will be developed.
The extent of her operations is now
believed to be approximately as fol-
lows:
Assets and Liabilities.
Secured from Citizens National Bank
of Oberlin, O., and various sources in
and about Lorain county, Ohio, $780,,
OOO borrowed from Herbert D. New
ton. $4,000; borrowed from business
man in Pittsburg, 100000; total ST.
10000.
Against this stands surety of known
value on one note amounting to 1880,
which is held by Fri Reynolds.
1t is not believed by any of the at
torneys in the case that the Carnegie
sureties will be of any account what
ever. If they do at any time reveal
value other than that of so many cents
per pound of white paper, the delight
of the lawyers will be comparable on
ly to their amazement. and just now
they are anticipating neither pleasure
nor establishment.
The case of Mrs. Chadwick to-mor-
row will be brought before the grand
jury of Cuyahoga county. The in
vestigation will extend only to the al
legged forgeries of the Carnegie notes,
and a report from the jury is expect
ed not later than Tuesday.
Can't Indict for Forgery.
1t is the opinion of some of the lead
ing attorneys of Cleveland that a
charge of forgery cannot be made to
hold in connection with these notes.
They declare that it is not an act
OF forgery for one person to write the
name of another, but that the offense
lies in the attempt to negotiate such
signature for specific value.
This, they say, there is, so far, no
evidence that Mrs. Chadwick has done.
She has not sold or attempted to sell
the notes for cash. She has not said
that she would be glad to obtain mon
ey in exchange for them. She has
obtained money from various sources
on the statement of Fri Reynolds that
she, to the best of his knowledge and
belief, held securities of a certain value
and whether he proves correct or 9TH
erw1Se in his estimate of the value of
the notes. there can be no doubt that
Mr.. Reynolds believed what he said.
There has been, according to the at
torneys. no evidence, so far elected,
showing that Mrs. Chadwick obtain
ed money on these notes in any other
manner than through the attestation of
lri Reynolds that he had seen the
notes and considered them good. If
any man loaned money to Mrs Chad
WICK, according to the strength of his
belief in the ability of Mr.. Reynolds
TO judge accurately of the value of Sc
curities, then the affair, according to
the attorneys, who hold this view of
tne case, is one that stands between
mat man and his own hard luck.
Qther charges may be brought home
70 her they declared, but in their opin-
oh' IL VIII be somewhat difficult to
Punlsh her for forgery in connection
win the Carnegie notes unless it can
De shown that she endeavored to ne
SQUARE them. This, apparently, is the
opinion of the Lorain county grand
Jury, which failed to return an in
uIctment against her.
Owes Pittsburg Millionaire.
The loan of 100000 said to have been
received by Mrs. Chadwick in Pitts
purs or from a man residing in that
Guy, is declared to have been made
10 her by multi-millionaire manu-
iacturer of that city. Mrs Chadwick.
III discussing the statement il is
known, declared that she did owe him
SSOoOOO, but not 100000, as has been
claimed.
The question of the rival receivers
WIN be settled tomorrow morning in
the office of Nathan Loeser, who was
appointed by the United States District
court TO take charge of the Chadwick
securities. Receiver Herbert w. Bell
VINO was appointed by Judge Babcock
OF the Common Pleas Court. is ex-
pected TO call with his attorneys upon
Receiver Loeser at that hour and with
draw from the position.
DR.. Charles A. Eaton. pastor of the
EUCLID Avenue Baptist Church, through
whose good Offices the woman managed
70 receive hearing from Herbert d.
newton of Boston, occupied his pulpit
as usual to-day. He made no refer
ence to the Chadwick affair. He feels
keenly the publicity given his connec-
tlon with the matter and heretofore
mas refused to make any comment.
WhRt DIR. Eaton Says.
To a representative OF the Associated
Press DR.. Eaton tonight said he could
pest explain his connection with the
matter by quoting from an interview
with Banker Newton, from whom Mrs.
chadwick secured a large sum. In
mat statement Banker Newton told
now he became financially involved.
ieferfing 70 the cations as follows:
believe that both cations acted in
perfect good faith in the introduction
ana that their condolences were abused.
~ were the condolences OF many other
persons"
The Introduction of Mrs. Chadwick
70 Nr. Newton referred 20 resulted
from o letter from Dr.. Eaton 10 his
bfptbef John ~ Eaton, who present
bunker
believed Zee carnsais's DaushfsF.
President ~ Reynolds ~ ihe wade
fark Bank declared tonight that be