The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1904-12-12
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BEGIV5 THIS Story
econeIuded Erom Second Pase.1

tuous anticipa which ended with
the closing OF the doors of the in
stitntion. and the arrest of both the
PRESIDENT and cashier.
u relation TO the Endorsement Of
me notes by Beckwfth and Spear, the
story from the banker goes on to re-
late that their notes were Endorsed
only last recourse in the desper.
ate chase for funds. He confessed
that he had intended to attempt to
negotiateloans upon the note. but his
neTe faIed HIM. The Endorsement
WAS put ON; it was explained, to make
the papermore bankable.
IKE a Clearing House.
The confession practically tells a
story Of how the oerIin bank had
been used as clearing house for
hadwfcBs manipulatons. One
instance Is that of the $1,000 note
held by ". L. Fry and Henry wurst,
of E7yria. The note was given by
Yrs. Chadwick to Fry and Wurst with
Sianonds as security. They pressed
payment and finally threatened
70 sell the jewels. In her dilemma
ss0l11s1it $dppSd4SCs 10 0echWlIn
Bosh were of the opinion that the
public sale of the diamonds would
cause tai and endanger the plans
hat had been made Beckwith set
led problem by taking up the
note giving his personal note in
steadsa note which he later took up
paying the cash
N his statement of his dealings
Chadwick, President Beck
With told OF repeated visits to Mrs
chadwick when promises were made
That the money would soon be forth
coming Finally w. r. Boudilso, at
toruey for the oberiin bank. on his
death bed. toId several of the direct
ors OF the obeTln bank that Presi-
dent Backwith was involved with
Chadwick. This was followed
By trip to New York, participated
Z. by the president and three direct
eSs On this occasion Attorney Pow
ers was with Mrs Chadwick Repre-
sentations were received that every
arrangeaent was made to settle the
oberlin claim except the signature
Of MIS- Chadwick. These were to
be bcomlng the next day and the
directors
Went Honae Satisfied.
President Beckw1th stayed over but
again disappointed. President
BsckEith was never able 20 get a
look the S.. 600 600 securities, but
visits to the Wade. Park bank in
G7egeIand to see Cashier Reynolds,
custodian Of the collateral, assured
him somewhat. President Beckwith
ne had several interviews with
Dr. Chadwick, who assured him that
his Ssffe was able to meet her obi
gadons. One tragic incident related
BY Beckwith in the written COMES
sion concerns visit of President
BeckWieh Cashier Spear and Judge
lbaugh TO the Cleveland home OF
Mrs Chadwick The two bankers
pleaded for money Mrs. Chadwick
made more promises. Mr.. Beckwith
vas aroused to anger. and when he
Saw sne hopelcssness Of it all he
threatened 10 commit suicide. He
drew a revolver. Mrs. Chadwick
cried that -All would be lost" If the
banker carried out his threat. The
result was that the banker again re-
lied upon promises.
Gave chect-"No Funds"
Mrs. Chadwick told the bankers
that her securities we're netting
$4,000 and she would be glad. she
said, TO allow the first income after
4 the Citizens bank was made trustee.
10 be used to settle the bank claims
and the bonds. But the income never
came within reach of the bank.
Many times the bank was hard press
ed for funds. When the dividends
were to be made, the president and
cashier skirmished for funds In or
der 10 help them out, Mrs. Chadwick
1t one time gave them check for
$50 900 which came back marked no
funds." She gave two other checks
FOR $4,000 each, but the next day
telephoned to Mr. Beckwith not to use
2 them The president and cashier
were perplexed at times to make
proper showing to the directors.
Notes, securities and cash were
checked UP and the sum represented
by the loans to Mrs. Chadwick were
carried as cash deposits in Cleveland
banks. In Beckwith's statement the
names OF several institutions and in