The San Francisco call., 1904-12-06
NOTES BEAR
CARNEGIE'S
SIGNATURE
Continued From Page 1, Column 4.


by C. L. Chadwick. A widely known
banker, who requested that his name
be not used, said positively that he had
seen the $500, 900 note, signed Andrew
Carnegie" This banker said he was
not familiar enough with Carnegies
signature to say positively whether the
signature was genuine or a forgery
Receiver Nathan Loeser filed his bond
to-day, thus making him the legal Gus
todian of all property owned by Mrs.
Chadwick.
1t is said that the approval of Loes-
er's bond ties UP absolutely all of Mrs.
Chadwick's property, and not dollar
of her debts can be paid out of the pro-
ceeds of the estate. All creditors, it is
said must share alike. This is supposed
to apply to the Newton claim if there
is any attempt to pay it out of money
| that may be due to the estate.
BECKWITH'S CONFESSION.
In the United States District Attor-
ney's office to-day President c. T. Beck
with of the failed Citizens National
Bank of Oberlin made confession re-
garding the banks transactions with
Mrs. Cassie L. Chadwick. Beckwith
said:
Il am either an awful dupe or ter
rible fool. l guess there is no doubt
about my being fool"
Beckwiths acquaintance with Mrs.
Chadwick began three years ago. The
attorneys for Herbert D. Newton, the
Brookline, Mass, banker, have stated
that their client loaned Mrs. Chadwick
money only after a note signed AN
drew Carnegie" had been indorsed by
the president and cashier of a national
bank. The men who indorsed the note
We're President Beckwith and Cashier
Spear Of the Citizens National Bank of
Oberlin, Ohio. Explaining this matter
Banker Beckwith continued his story
of the banks transactions with Mrs.
Chadwick as follows:
Yes, we indorsed the note in addi-
ton to one other note for $500, 900, but
never for the purpose for which they
were used"
two $4,000 notes in addition to the
note for $3.50, ,000?'' was asked
Yes, notes aggregating $1,250, 000"
1T has not been generally understood
that there were two notes for $500, ,000,"
was suggested.
Il know it, but the notes exist just
the same,'' said Beckwith. "One of them
is in the hands of the receiver, and the
other ought to be in the hands of Mrs.
Chadwick. If she has disposed of it she
has done something which she swore
she would not do, so please make it
plain that a solemn oath was taken
that the notes which bear our indorse-
ment were never to be used by Mrs.
Chadwick for the purpose of raising
money, and she knew it,"
FORGERY NOT SUSPECTED.
did you have the slightest suspicion
that the notes carrying the name of
Andrew Carnegie were not genuine?"
Mrs. Chadwick swore to both of us
and one or more witnesses that she
personally saw Mr.. Carnegie sign his
name to the notes she placed before
us. But we said that we must be sure.
The answer came in less than two
days, when a New York attorney ap-
peared in Oberlin who said he was the
attorney of Mr.. Carnegie-his special
agent He vouched for the correctness
Of the claims made by Mrs. Chadwick
We had at least six conferences with
this lawyer-two in Oberlin and four
in Cleveland.
1T was over year ago that /
learned that w. s. Fay and Henry
Wurst of Elyria had some dealings
with Mrs. Chadwick. They were known
as shrewd business men. l began to
inquire, for as a business man I want
ed to exert every effort to turn an hon
est dollar. / guess my inquiries reached
the ears of Mrs. Chadwick, in the light
of events of the past two weeks. She
came to Oberlin, and it was there the
thing began A second interview and
/ made a small loan. 1t was promptly
met. In addition we secured additional
splendid business and all transacted in
a business way. From there on the
story leads into a maze, the end of
which wish to God / could now see.
1t leads on down to time when
went to New York. In my pocket l
carried one of the notes signed with
the name of Carnegie. When I started
l had in mind an attempt to raise
money on the paper to put funds in
the bank. When 1 got to New York
my heart failed me, for something told
me that all was not right. 1 came back
home without an attempt to raise mon
ey on the note.
Mrs. Chadwick had secured high
loans from many other bankers She
had met these obligations. Would she
not meet obligations to the Oberlin
Bank? We prayed that she would and
we thought that she would"