The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1904-12-08

interested In some very large bust
ness matters and that another
banker Ia another city who had
lent her large sums Of money had
learned aint she was acting uH Mr.
Carnegle'H confidential agent In the
matter Of placing banker No. I on
tlu board OF directors OF this luati=
tuition and 10 do this 1t would be
necessary 30 diaplaee banker No. 2
who was n director and had been
for many years. Banker No. 2 WAS
la "A position 90 cause Mrs. Chad
wick considerable annoyance by
calling her large loan. and he had
intimated 10 her that he would call
that loan unless she called her
friend. Andrew Carnegie. off
Now " banker No. would en-
able her. through his bank. to take
up the paper held by banker No. 2.
the director deal would go through
indeed II would go through any
how. as Mr.. Carnegie had set his
heart upon n. BUT SWITCHING
THE LOAN WOULD SAVE MRS
CHADWICK a great deal Of trouble
Would the banker switch II to his
own bank7
me WOULD AND HE DID
Having seen how Mrs. Chadwick
worked with the lawyers and how
she worked with the bankers. let
uH see how she worked with the
lawyers and the bankers together.
She went % a prominent attor-
ney and paid him literally for
transactlng considerable legitimate
business. Among other things col
Letting large loans which she had
made. Then she brings him the
certificate Of a bank officer show
ing that there are on deposit some
millions OF dollars Of giit-edged So
curltioB. that the same are free OF
all claims and liens She asks the
high priced lawyer 10 take this
paper and negotiate for her loans.
among HIS friends or anywhere else
ONE LAWYER IN CLEVELAND
DID so IN CLEVELAND To THE
TUNE or $4,000
After dealing with other lawyers
she gets them 10 lndorse her paper.
She gets them % loan TO her per
sonslly. vast sums OF money. Hav-
ing worked Cleveland pretty thor
oughly she widenH her field. Goes
into the country banks aud into ths
banks OF neiEhborinR cities. Zach
bank. after Il has worried as 10
whether or not she can pay, Is told
that her vast resources" are tied
up by some sort Of trust arrange.
ment or In some other way. but that
she can pay the paper due n. II II
will assist her In raising a loan for
about twice that amount from some
other source.
AND so SHE HAS PYRAMIDED.
by keeping more than one of
these chains working. she has been
able 20 establish a line OF credit
pointing TO each g. 900 loan which
she has paid as evidence OF her abiI- /
ity TO pay the $4,000 loan which /
she IL now requesting. Pointing TO
each $4,000 loan as evidence Of her |
ability TO pay a 10000 loan which |
she Is requesting. BATTING THE
HOOK WITH EACH NEW
SUCKER" TO CATCH A "sUCh- |
Err" TWICE As BIC.
AND THE BANKS PASSED |
HER on. EACH BANKER. AZ |
TER HE HAD WALKED THE
FLOOR. GOT his MONEY BACK
BY SENDING HER ALONG TO
THE NEXT BANKER. AND LET
TING No. 2 WALK TIE FLOOR
TWICE AS HARD AND TWICE
AS LONG.
Within the past IS months Mrs.
Chadwick has borrowed within a |
radius OF 100 miles Of the court /
house OF Cleveland. more than
t2.0Q~000. Most of this has been |
"robbing Peter 90 pay Paul" Some
OF u has been small loans, con-
tracted and promptly paid. for the
purpose OF securing line OF credit. |
She has finally gotten 20 the stage |
OF the game where a turnover OF
her securities means about 500 O00. /
THIS rs HOW SHE HAS MADE |
GOOD" IN THE PAST.
An attorney In the case is au-
thority for the statement that the
same powerful influence" which
pulled her out OF the hole many |
times before viii get her out this |
time. BUT THE WATER HAS |
BEEN so MUDIED ny PRINTERS
INK IN THE LAST TEN DAYS ]
THAT THE SUCKERS AREN'T
BITING VERY WELL, JUST /
NOW.