The Montgomery advertiser., 1904-12-06
TELLS STORY OF THE FRAUDS BeCkWith Talks of Mrs.
 Chadwick. MIR. .CARNEGIE'S NAME USED Notes With His Signature Aggregate $1,250,000. Oberlin Banker Relates How He Met the Woman and His Business
 Dealings With Her-says
 Other Persons are Also
MIR. CARNEGIE'S NAME USED

1UhAty.
 Cleveland, O., Dec. 5.-Seated in the office of the United States District At torney in this city, President c. T. Beckwith. Of the failed Citizens Ma tional Bank of Oberlin, made a con fession regarding the banks transac- tions with Mrs. Cassie I. Chadwick. MT. Beckwith said
 T am either an awful dupe or ter rible fool. I guess there is no doubt about my being a fool. I know have done wrong and although crushed to the earth myself, I do not propose to be made a scapegoat to shield the sins of others. The truth Is that others, also, must be called to the bar to an- swer for their part in this terrible af- fair, and one of those whose answer must be had is Mrs. Cassie l.. Chad wick"
 The banker spoke in broken sent ences and tears were streaming from his eyes. His 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 endorsed by the president and cashier of national bank The men who endorsed the note were President Beckwith and Cashier Spear. of the Citizens National Bank, Oberlin, Ohio.
 The Carnegie Notes.
 Relating to this matter. Banker Beckwith continued his story of the banks transactions with Mrs. Chad wick as follows:
 "Yes, we endorsed the note in addi- tion to one other note for $500,0o0. but oh, God. never for the purpose for which they were used"
 DO you mean to say that there are two $5oo,ooo notes in addition to the note for $250.0oo?' was asked. ~
 Yes: notes aggregating $1,25o.0o0."
 Tt has not been generally under stood that there were two notes for $500, ,0o0," 1t was suggested.
 'T know 1t; I know it--but the notes exist just the same" said MT. Beck with 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 1t plain that solemn oath was taken that the notes which bear our endorsement were nev- CT to be used by Mrs. Chadwick for the purpose of raising money, and that she knew it."
 MT Beckwith, to correct any wrong impression, would 1t not be wise for you to state how Mrs. Chadwick i'm duced you to place your signature up- oon the notes?'
 A Tale of Fortune.
 My God: I would like to, if thought it would make 1t clear. To tell the story would be to tell the tale of torture and transactions, torture covering a period of over a year. To tell it would take a good half day and in my terrible condition I cannot att tempt the task. cannot tell the whole story before I go on the wit ness stand l must seek advice"
 Did you have the slightest suspi- cion that the notes carrying the name of Andrew Carnegie were not genu- ins7
 Tn heavens name. how could we have had suspicion? Mrs. Chadwick swore to both of us and to one or more witnesses that she personally saw MT. Carnegie sign his name to the notes she placed before us. But we said that me must be sure. How are we to know? The answer came in less than two days when New York attorney appeared In Oberliu, who said he was the attorney of Mir. Car negie-his special agent. He vouched for the correctness of the claims made by Mrs. Chadwick. We had at least six conference with this lawyer. two in Oberlin. and four in Cleveland. In every way we attempted to make sure that we were engaged in a legitimate business transaction.
 How about the attest held by Fri Reynolds, did you see himr" Mir. Beck with was asked.
 Yes many times; and what did we understand? We understood by every word that everything was all right and that genuine securities were locked up in the vaults of the Wade Park Bank. do not know now. Why don't somebody find out? That Is the question. Why don't somebody find out7
 Wanted to Make Money.
 Tt was something over a year ago that I learned that W. s. Fay and Henry wurst of Elyria had had some dealings with Mrs. Chadwick. They were known as shrewd bushes men. began to inquire. for as a business man I wanted to exert every effort to turn an honest dollar. I guesS my inquiries reached Mrs. Chadwick in the light of the events of the past two weeks. guess Mrs. Chadwick was greatly interested the moment she learned that inquiries for bushes had been made by me. At any rate. she came to Oberlin and 1t was there the thing began.
 T began looking for legitimate bus mess. Mrs. Chadwick? Well, you must judge for yourself. A second in- terview and I made a small loan. It was promptly met. In addition we se- cured considerable splendid business. all transacted in a bushes way. From this on. the story leads into a maze the end, wish to God. could see It leads on down to a time when I went to New York. In my pocket I carried one of the notes with the name Carnegie. When I started I mad in mind an attempt to raise money on the paper to put funds in the bank When got to New York my heart failed me. for something told me that 1t was not all right. I came back home without making any attempt to raise money on the note
 Mrs. Chadwick had secured big loans from many other bankers. She had met this obligation. Would she not meet obligations to the oberllp