Windham County reformer. (Brattleboro, Vt.) 1901-1906, 1904-12-16
A FEMININE FINANCIER
STRANGE STORY or MRS. CHAD
Wlck's LOAN NEGOTIATIONS.
lawson's Wall Street Psnie-piph'
iberia for Spotted Feverg-Nation'
al House Votes to Impeaeh Judge
Swayne Of Florida.

Mrs Cassie L. Chadwick. who was
arrested at New York last week OF
charge of conspiracy To defraud
the Citizens National bank OF ober-
lin, o., the evidence being check
for $4,000, was taken To Cleveland
o., Tuesday, Dec, ~. She declares
that she will pay all her obligations
and that she could have raised her
$4,000 bail II she had wished TO do
so. Mrs. Chadwick's troubles began
some time ago when IL. ID. Newton
of Brookine, Mass, and n Benning-
ton manufacturer. one of her big
creditors, sought To get his pay. IL
was then found that she had been
obtaining large loans ON batch OF
securities which no one had seen but
which she said were tied up so that
she could not use them AT the
time, In the Wade Park bank, and
that they were worth $5,OOO,OOO,
When opened recently they were
found to be worth not over 80 she
produced notes signed with the
name of Andrew Carnegie, which he
stamps as forgeries, and on the
strength of these mythical securities
she obtained huge loans from bank
ers. She obtained unlimited credit
from tradespeople, buying gems,
gowns and expensive hats without
regard to expense, President c. 7.
Beckwith and Cashier A. b. Spear of
the Citizens National bank of Ober-
lin, o., are the men who indorsed
notes. signed Andrew Carnegie by
which Mrs. Chadwick obtained loans
from Mr.. Newton. These men ad-
nit having endorsed such notes for
s1,25OOOO Mr.. Beckwith says that
Mrs. Chadwick and n New York at
torney for Mr.. Carnegie swore that
the Carnegie signatures were genu-
inc, and that she took a solemn oath
never to use the notes for the pur-
pose of raising money. The Chad
wick case is i'm the hands of federal
officials at Cleveland and will be
fully Investigated, Both Mr.. Beck
with and Mr.. Spear have pleaded
guilty to misapproprating the
banks funds and have been bound
over for the grand jury in February
Receivers have been appointed Tor
Mrs. Chadwick and for the Oberlin |
bank
Iri Reynolds, secretary of the
Wade Park bank, who held Mrs.
ChadwiclS's Securities. declares that
ne implicitly believed Mrs. Chad
wick's statements to him, that she
was the illegitimate daughter of An
drew Carnegie which accounted for
his financial dealings with her. He
was bound in honor to keep the Sc
cret of her birth The securities
were given to Mr.. Reynolds, in
sealed package with a neatly written
receipt attached. He signed the re-
,eipt without assuring himself that
he contents of the package were
worth the $5,000,OO0 which the depos-
tor claimed they were worth. They
ire now said to consist of a note for
IS, 900, 600, signed Andrew Carne- {
he" Mrs Chadwick was born in a !
,ackwoods town in Canada and mar
led DR.. Leroy S. Chadwick of Cleve-
and, who is now in Paris. Tt is re- ,
ported that Mrs. Chadwick may be r
indicted for forgery. A subpoena
las been issued for Andrew Carne-
lie to testify in the case.
The extent of Mrs. Chadwick's OPP \
rations is now believed to be APP =
as follows: Secured
rom Citizens National bank of
berlin, Ohio and various sources in :,
nd about Lorain county, Ohio, $780, =
90; borrowed from Herbert B. New r. r.
IN, $190,000 borrowed from business !
ian in Pittsburg, 100000. Total, IL IL
100000. Mrs. Chadwick's paper y
,presents about s2S,000,000 a a