New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-06
C4RNEGIE'S N4NE THERE.
officials Had Chaduich: Note
Bankers Released on Bal.

Cleveland, Dec. 5.-Numerous new phases de-
veloped to-day in connection with Mrs. Chad
wick and the troubles of the closed Oberlin bank.
President Beckwith and Cashier Spear of that
institution were brought here and arraigned be
fore United States Commissioner Starek. Both
pleaded not guilty and waived preliminary hear
ing Commissioner Starek fixed hail at $4,000
each, and bound the two men over TO the grand
jury which meets in February next.
Spear was shortly afterward released on
bond signed by NJ. A Lander ex-county treas
urer Late this evening President Beckwith
cured bondsmen in the persons of ]. g. W.
Cowles A. J. Gilchrist and George A. Ceilings.
and the aged banker freed. Cowles is
we'll known real estate dealer and member of
the board OF trustees of Oberlin College. A J.
Gichrist is a wealthy vessel owner while Col
lings is president of the Cleveland Faucet Com
pany
Following is the statute under which Beck
with and Spear We're arrested (Esection 150S.
Revised Statutes of the United States:
1t shall he unlawful for any officer clerk or
agent of any national banking association to
certify any check drawn upon the association
unless the person company drawing the
check has on deposit with the association at
the time such check is certified amount of
money equal to the amount specified in such
check. Any check so certified by duly author
lied officers shall be a good and valid obliga ton
against the association: but the act of anv OF
hcer, clerk or agent of any association in viola
ton OF this section, shall subject such bank to
the liabilities and proceedings the part Of
the controller.
The penalty is a fine Of $1,000 or five years
Imprisonment, or both.
That the Oberlin bank or President Beckwith
really possessed notes for $500 900 and $500 900
with the name of Andrew Carnegie signed there
to is now known a definite fact. Whether
these notes are forgeries or not is yet to be
shown. This is stated the authority
Of United States District Attorney Sulli-
and a well known banker of Cleve-
land District Attorney Sullivan declared
to-day that he had the note for S250000 with
Mr. Carnegie's signature in his possession and
that it bore the name of Andrew Carnegie and
Endorsed by c. l.. Chadwick A widely
known banker, who requested that his name be
kept secret, stated positively that he had seen
the 100000 note signed Andrew Carnegie
This banker said he was not familiar enough
with Mr.. Carnegie's signature to state positively
whether the signature was genuine a for
gerry.
Nathan Loeser receiver filed his bond to-day.
thus making him the legal custodian Of all prop
erty owned by Mrs. Chadwick. Immediately
on qualifying Mr.. Loeser filed an action against
a jeWeller at Elyria Ohio. named Wuerst, who it
is stated, is in possession of iewelry of Mrs.
Chadwick as security for a loan to her and
who has threatened to dispose of the same. An
other legal action filed by Mr.. Loeser is against
Elyra bank which levied Mrs. Chad
wicks household furniture and which recently
placed a keeper in charge of it al the Chad
wick home in this city.
1t is stated that the approval of Mr. Loeser's
bond ties up absolutely all of Mrs. Chadwick
property and not dollar of her debts can be
paid out of the proceeds of her estate. All
creditors, 1t is said. must share alike. This s
supposed TO apply TO the Newton claims If
there Is an attempt TO pay them out of any
money that may be due to the estate
Emil Chadwick son of Mrs. Chadwick, ar
rived here from New-York to-day, and at once
went to his mothers home. at the corner of
Euclid and Genesee aves. The young man was
deeply depressed. He refused to talk for pub
LEGATION.
1t is pointed out ny federal officials that the
control of the Chadwick is now I'm the
hands OF the government and that nothing
can keep the entire affair from being aired IA
the fullest extent in court
Reports are being circulated that another
warrant has been sworn out and that another
important arrest in connection with the bar
case will take place shortly