The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1904-12-15
GALL FOR CARNEGIE
iron Master Summoned to
Appear Before Grand Jury.
TO VIEW FORGED NOTES
Light is Dawning on the Gigantic
Crooked Financial Dealings En-
aineered by Mrs. Cassie
Chadwick.

Chadwick.
Andrew Carnegie has been subpoen-
aed to appear before the United States
grand jury at Cleveland, Ohio. to
swear that he never signed any Of the
famous Chadwick securities which
have nowxreached the astounding to,
tai ot. s15,sse,ooo. =
That this will be increased to S20.-
000, 1000 before Carnegie appears be-
fore the grand jury, seems certain.
for the United States secret service
agents are now on the trail of other
notes disposed of by Mrs. Chadwick.
The s15,9sG,00O represents only
the forged paper that has been recov-
cred by the officials. There are posi-
lively known to be in existence an
other note for $500,00O disposed Of
somewhere in New jersey and anoth-
er one for sa0o,O0o somewhere in
Pittsburg. In addition to all of these
there are said to be approximately
s3,0uO,000 more forged notes in exist
ence.
To get Carnegie's testimony on the
alleged forged checks District Attor-
ney Sullivan notified United States
Marshal Henkel, Of New York. to
place suboena in the Iron Masters
hands returnable in Cleveland
Wednesday, and word was received
later that service had actually been
made. "
When the contents Of the 'smyste-
.rious securities" held for Mrs. Cassie
L.. Chadwick by Iri Reynolds, in the
Wade Park bank, are revealed to the
outside it will be found that the sigma
ture of Andrew Carnegie" has appa-
rently been forged on notes and other
papers to the total amount Of $780,
900. The securities held by Reynolds,
together with those that were held by
the Citizens national bank of Ober-
lin, and have already been made pub
lie, aggregate this amount.
The mysterious securities" held in
trust by Iri Reynolds, concerning
which there has been so much futile
speculation during the past two weeks,
consist of the following items:
First. A note bearing the signature
of Andrew Carnegie.
Second. A certificate Of trusteeship
which states that Andrew Carnegie
has: in his possession bonds to the to-
tai amount of $7,50o,000 held by him
in trust. This paper also bears the
signature of Mr.. Carnegie
These securities. supposed to repre-
sent the vast amount of $12,500,000,
have been for the past three years the
principal basis on which Mrs. Chad
wick has conducted her financial sys-
tenn and on which she has borrowed
sums which, it is conceded, run up to
millions.
And these same securities are the
rock which wrecked the Oberlin bank
and caused the. ruin of hundreds OF
families and losses to- business men
almost without number.
In Reynolds, after his long course
of faithful guardianship for the woman
whom he trusted, now considers him
self a dupe It is said as fact that
Reynolds loaned Mrs. Chadwick prac-
ticaHy all the money he, possessed.
His entanglements, however, involve
only himself, the Wade Park bank be
ing in no way affected.
It is understood the certificate Of
trusteeship states the securities held
by Andrew Carnegie for Mrs. Chad
wick consist of United States Steel
bonds, Central railway stock, Consoli-
dated and Northwestern railway stock,
in England, the< three aggregating as
above stated, .s7,5O9,00o.
To put it briefly the great: Chadwick
bubble has burst. Unless help should
arrive from some unseen source the
creditors are hopeless and Mrs. Chad
wick has no resources. She must now
face the storm that has been steadily
growing in intensity