The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-12
CARNEGIE HAILED
IN CHADWICK CASE
Continued from First Page.

Continued from First Page.
President G. 7. Beckwith of the
failed Oberlin bank, has told of the
peculiar manner in which he was led to.
cling to the Carnegie forgeries and to
defer action against Mrs; Chadwick.
The facts are related in the confession
secured at Oberlin last week by repre-
sentatives Of Fedral Attorney Sullivan
Of this city. +
Beckwith tells how both he and Spear
were beset with fears when they could
get no money from Mrs. Chadwick, and
realized how, deeply, the bank was in
volved. They counseled together as to
what course they should take and de-
cided to come to- Cleveland and make a
last desperate appeal to Mrs. Chadwick.
vince them within twenty-four hours
that the Carnegie notes were. genuine.
This was last September, and the two
bank officials returned to Oberlin to
spend another day between hope and
fear. - ~
Royalty Entertained.
The next day they returned to Cleve-
land. They we're received by Mrs.
Chadwick as honored guests and were
royalty entertained. Nothing that
could be done for their entertainment
was left undone..: Mrs. Chadwick
showed them thru her house from top to
bottom and pointed out paintings and
bits Of bric-a-brac that she said had
been given to her by this or that dis
tinguished person, or that she had pur-
chased on her trips abroad. She
pointed out an oil painting of a fine
looking, venerable man.. and then told
them in a whisper thatzit was portrait
Of Andrew Carnegie: r, -'*<'75f @&a i
20 But Beckwith" and Spear were i'm
patient to get at the real business of
their visit and could scarcely conceal
their impatience. Finally a maid came
IN and announced the name of a lawyer
from New York
"Ah," cried Mrs. Chadwick, tnow,
then, gentlemen, + will soon set ali
your fears at rest.'
Carneg1e's Business Agent
They were introduced to the visitor
from New York, who she said was act
1mg tor Mr. Carnegie's business agent.
Inc lawyer said he was acting directly
for "Mr. Frances, Mr.. Carnegie's cash
ier, and for Frederick T. Baldwin, Mr..
Carnegie IS head financial man.
Beckwith produced the Carnegie note
for $25O,000 and handed it to the law
yer:
+n is E, that h And Andrew Carnegie Is sigma
The old banker and his young as.
s1stant anx1ously awaited the verdict of
the lawyer. The latter examined the
note carefully and then looking up. re.
piled calmly:
"Ihat is Mr.. Carnegie's signature. -
"Have you any doubt about it9''
asked Beckwith.
HNot the slightest, gentlemen, and
you need have none either. That note
was signed, by. Mr.: Carnegie:
M sh her - said si BeckTit6, "get us the
the bank depends on it. Mr.. Carnegie
IS giving away millions in libraries.
surely he does not need to have note
Extravagant Woman.
| The lawyer said that Mr., Carnepie
knew what a dangerously extravagant
woman Mrs. Chadwick was and wanted
to do something to save her estate,
Beckwith said that Mrs. Chadwick had j
told him that she had $735, 900 in act
ual cash, held by Mr.. Carnegie. The
lawyer replied that it was true that
she once had that amount, but that she
had spent it all and was rapidly con
Stunning her stocks and bonds. The
banker renewed his plea for Immediate
relief and the lawyer answered that he
would return to New York at once and
lay the matter before Mr.. Carnegie. -
Much relieved in mind the old mar
and his companion returned to Oberlin
Within twenty -four hours they received
q telegram saying that Mr.. Carnegie
had sailed for Europe and that Mr.
do anything in his absence. - :
| The {inv9hnrq GRAND i,,rry II.
asked to return an Indictment agains1
the New York lawyer, who, according
to. Beckwith g sworn statement. was oj
such assistance to Mrs. Chadwick il
obtaining the large sums from the Ober
lin bank. Already the mans record il
being investigated in New York.
| No Visible Assets.
According to the most accurate esti
mate Of the estate Of Mrs. Chadwick
that is possible, before the receiver ha
Investigated her assets and reported hi
findings to. the court, her creditors, q
q whole, will receive about one and one
additional interest to this showing
from the creditors standpoint, is tha
one man, Fri Reynolds, will receive tn
. whole Of the assets visible at the pres
emit time. There may be funds in re
serve somewhere, as there may be ad
dltional creditors who have not yet an
nounced that Mrs. Chadwick is indebte
to them, but it is not expected BY bank
!. ers and attorneys Of this city, who hav
the greatest knowledge Of her affairs
that any more large loans will be dc
! veloped.
J The extent Of her operations is NOV
, believed to be approximately as fol
lows:
Secured from Citizens National ban
/ of Oberlin and various sources in an
about Lorain county, Ohio, 100000.
Borrowed from Herbert D. Newto1
100000.
Borrowed from business man in Pitts
burg, $50O,0O0.
Total, 81, 100000. 81
II Against this stands security Of know