New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-12
.S1.1so.O0o


Against this stand securities Of known value OIL
one note. amounting to NSO, which is held oy
Iri Reynolds.
The amount OF money received by Mrs. Chad
wick in Pittsburg may high as 100000. but
II is believed that portion of this sum is bonus
promised by her for original loan of $0OO.ooo
Her creditor there figures that she is indebted TO
him for the larger amount while she has admitted
that she owes him 100000 If her debt in this d.
rectiOn is 100000, the probability IN sight OF the
creditors is about is mills on the dollar 1t is
believed by any of the attorneys in the case
that the Carnegie securities will be of any
count whatever. II they do at any time reveal
value other than their intrinsic worth white
pa per- delight of the lawyers will be comparable
only to their Amusement
The case of Mrs. Chadwick will tomorrow morn
ing be brought before the grand jury Of Cuyahoga
County The investigation will extend only to the
alleged forgeries of the Carnegie notes. and Il
port from the jury is expected not later than Tues
day.
It is the opinion of some of the leading attorneys
of Cleveland that a charge of forgery be
made to hold in connection with these notes They
declare that 1t is not an act of forgery for one
person to write the name of another. but that the
offence lies in the attempt to negotiate such sig
nature 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 money in exchange for them.
she mas obtained money from various sources, on
the statement of Iri Reynolds. that She to tie
best of his knowledge and belief. held securities
of certain value.
There has been, according to the attorneys, no
evidence show that Mrs. Chadwick obtained
money on these notes in any other manner than
through the attestation of Ir Reynolds that he
had seen the notes and considered them good. If
any man loaned money TO Mrs. Chadwick
cording the strength of his belief in the ability
of Mr.. Reynolds TO judge accurately of the value
OF securities. then the affair. according tho
torneys WAC hold this view of the case is simply
a OF bad judgment. Other charges may be
brought home to her. they declare, but in their
opinion. 1t will be somewhat difficult to punish he
for forgery in connection with the Carnegie notes
unless it be shown that she endeavored to
negotiate them.
The loan said to have been received by Mrs.
Chadwick in Pitsburg is declared to have been
made to her by "A manufacturer of that city Mrs
Chadwick. it is known. declared that she did owe
him 100000, but not $4,000 as has been claimed
The question of the rival receivers will be set
Nathan Loeser, who appointed by the United
States District Court to take charge of the Chad
wick securities. HerDert W. Bell who was an
pointed by Judge BabcOck, of the Common Pleas
Court. is expected to call with his ATTORNEYS on
Mr.. Loeser at that hour. Mr. Bell declared this
afternoon that 1t was not certain that he wouId
resign. Mr.. Loeser is confident that he will hA
left under the direction of the court in charge ~
such Mrs. Chadwick's estate NAV do
velop