The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-12-11
TOTAL Is s13, 75o. 900.
Alleged Securities Will Reach Vast
Amount


Cleveland, O., Dec lO.-The Plain
Dealer says:
When the contents of the mysterf-
GUS securities held for Mrs Cassie L.
Chadwick by Iri Reynols in the Wade
Park bank are revealed to the outside
it Will be found that the signature of
Andrew Carnegie has apparently been
forged on notes and other papers to the
total amount of $13, $50 600. The Sc
curities held by Reynolds. together
with those that were held by the Citi-
zens National bank of Oberlin and
/. have already been made public. aggre-
gate this amount.
The mysterious Securities held by
Reynolds in trust. concerning which
there has been so much futile specula-
ton during the past two weeks. con-
sist Of the following items:
First a note for the sum OF s.. 900. =
coo bearing the signature of Andrew
Carnegie.
Second a certificate of trusteeship
which states that Andrew Carnegie has
in his possession stocks and bonds to
the amount of $500. OOu held by him in
trust for Mrs. Chadwick This paper
/ also bears the signature of Mr.. CaTne-
gle
Basis of Her System.
These securities, supposed to repre-
sent the vast amount of s12.5Jj Goo
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
the millions and are positively known
TO exceed $1,000, O0o.
And the same securities are the
rock which has wrecked the Oberlin
! bank and caused the ruin of hundreds
of families. aud losses to business
houses almost without number. Fer it
is the frankly expressed opinion of
reputable lawyers who have examined
these papers that they are not worth
one cent.
Reynolds Was Innocent.
Moreover. there is bitter irony in
the fact that the very man who held
! this worthless paper So faithfully ana
tenaciOusly for Mrs. Chadwick. and
who apparently believed i'm its worth SO
/ implicitly and through whom others
were perhaps innocently drawn into
the vortex Of Mrs Chadwick's opera
/ tons. should himself be one of the
/ heaviest losers For Fri Reynolds, alCer
his long. course OF faithful guardianship
+ for the woman whom he trusted. now
considers himself a dupe. 1t is stated
as a fact not hitherto known, that
/ Reynolds loaned Mrs. Chadwick practi-
cally all the money he possessed His
entanglements however Involve only
himself the Wade Park Banking com
! pany being in no way affected.
Signed by Some Person.
"The note for $5,O00000 is believed BIZ
all who have knowledge OF il TO have
| been written aud signed by the same
person who filled cut and signed the
notes for 100000 and $3.50 000 held by
the Citizens National hank Of OberIin
1T is understood that the certificate
of trusteeship states the securities held
by Andrew Carnegie for Mrs. Chadwick
/ consist of United States Steel bonds,
! CaledOnian railway stock in Scotland.
and Great Western railway stock ia
England the three asSregatmg as
above stated $75OO.OOO
Nc Hope of Settlement
ITO put il briefly the great Chad
wick bubble has burst There is no
/ hope apparent. The foundation on
which Mrs. Chadwick's creditors rested
their expectations has sunk ana the
I Chadwick financial system. which has
/ been lettering for the past two weeks
has fallen. Unless help should arrive
from some unforeseen source the
creditors are helpless. and Mrs. Cnad-
wick has 20 resource. she must now
face the storm that has been steadily
growing i'm intensity"