The Savannah morning news., 1904-12-11
THE CASE OF MRS. CHADWICK
OFFERS NEW SENSATIONS
The GOLD BRICK
IRI REYNOLDS GOT
MUCH WEALTH ON PAPER
AND DECORATED WITH THE NAME
OF ANDREW CARNEGIE.

Cleveland, O., Dec. 10.-The feature
of to-day's developments in the finan-
cial transactions of Mrs. Cassie l..
Chadwick was the disclosure that she
had in possession directly and Indirect
ly alleged securities to the amount of
| nearly $14,OO0,OO0. These all bear the
name of Andrew Carnegie and are as
follows:
Note held by Citizens National Bank
of Oberlin, $500 OO0 note held by Citi-
zens National Bank of Oberlin, $780,
O00 note admitted to exist by Presi-
dent Beckwith, $500, 900; not held by
Fri Reynolds. $5.0OO,OOO; certificate of
trusteeship for securities held by Rey-
nolds, $4,000 total $13, $50, 600.
With this backing Mrs. Chadwick
was enabled to obtain large loans dur
ing the past two or three years, most
of which was repaid, however. The
only financial institution that has, so
far as known, been compelled to close
on account of the woman's dealings
has been the Citizens National Bank
of Oberlin, the president and cashier
of which are now under indictment and
under bail on the charge of misappll-
cation Of national bank funds.
The inducements offered the Oberlin
bank officials were stated to-day to
have been the promise of Mrs. Chad
wick to Messrs. Beckwith and Spear
that their bank was to be made the
trustee of Mrs. Chadwick's $4,000
estate and that the bankers We're each
to receive a yearly salary of $4,000
for their services. An additional bonus
of $4,000 was promised the bank when
the loans were repaid.
Minister in the Case.
of the Euclid Avenue Baptist Church,
through whose brothers law firm in
Boston Mrs. Chadwick first met Mr..
Newton of Brookline, has refused to
make any reply to Mr.. Newton's state
Inent to-day concerning the minister's
connection with the case. DR.. Eaton's
family reports him confined to his bed
and inaccessible to interviewers. DR..
Eaton did, however. hear what Mr..
Newton had to say about his New
ton's) transactions with Mrs. Chad
wick
The legal aspect of the case locally
has taken on a new phase to-day by
the appointment of a second receiver
for tha aCbaduinIr Yropartxye a., hako 10
of Banker Newton. The appointment
was vigorously opposed by counsel, APP
pointed By the federal court few
days ago, to take over the Chadwick
possessions. An attempted injunction
to prevent the second receiver from
acting was frustrated by his escaping
service and obtaining possession of the
Chadwick papers held by Iri Reynolds.
Those Alleged Securities.
Attorney A. A. Stems, rep
resenting Herbert d. Newton
of Brookline. Mass, made an
authoritative statement to-day con-
corning the securities that were found
in the packages left with Fri Reynolds
by Mrs. Chadwick.
made payable to Cassie l.. Chadwick,
dated, May 20, 1902, for 100000 and
payable in fifteen months. 1t was
signed with the name of Andrew Car
negie. In package No. /, was also
a trust agreement, dated, Feb. q, 1901
and signed, Andrew Carnegie" pur-
porting to be receipt for securities
delivered to Andrew Carnegie by Fred
erick r. Mason. deceased uncle of
7 rso1r
securities being placed at $500, 900, and
to be productive of income. These Sc
curitles purported to be bonds of the
United States Steel Corporation. the
CALIFORNIAN Railway of Scotland and
the Great Western Railway of Eng
land
Package No. 2 contained duplicate
copy of the trust agreement.
Package No. contained a promis-
sorry note for $1,000, signed by Emily
and Daniel Pine. and made payable 10
Cassie L. Chadwick, and a mortgage
securing the same.
The "Trust Agreement"
The so-called trust agreement reads
as follows:
Know all men by these presents.
that /, Andrew Carnegie of New York
city, do hereby acknowledge that /
hold in trust for Mrs. Cassie l.. Chad
wick, wife OF DR.. Leroy S. Chadwick
Of 1924 Euclid avenue. city OF Cleve-
land, county of Cuyahoga and state
OF Ohio. property assigned and deliv-
cred TO me for said Cassie L. Chad
wick by her uncle. Frederick r. Ma
son, In his lifetime (now deceased),
which property Is OF the appraised
value OF ten million two hundred and
forty-six thousand dollars (Sl0,24G,-
10000 consisting Of $500 shares OF
Great Western Railway stock OF Eng-
land and Wales. valued at two million
one hundred thousand dollars (s2,100.-
00O): 1900 shares OF caledonian Rail-
way stock Of Scotland, valued
az one million one hundred
and fOrty-siN thousand dollars
Ni.i46000), and bonds Of the United
States Steel Corporation Of New Jer-
sey. bearing per cent. Interest. Of
the par value Of seven million 7.0O0,-
OO0) dollars.
THE income from the above describ-
% property, ] agree % pay over 10
said Cassie T.. Chadwick Refni-an-
nuaily, between the first and fifteenth
days Of June and December ~ each
year during the ne ~ this trust, with.
out any deduction or charNen FOR Brfg-
irea or expenses ~ any Kind. this
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