The Savannah morning news., 1904-12-02
SAY MRS. CHADWICK
WILL SETTLE IN FULL.
Lawyers Declare She Is Able 10 and
VIII Pay Her Debts.


New York. Dec 1.-The announce
ment that one of the largest creditors
of Mrs. Cassie L. Chadwick the
Cleveland woman, whose financial af-
fairs came into prominence in SEN
sationaI way few days ago. had
agreed upon settlement. has given a
new phase to this strange case.
At the same time the air OF mystery
which has surrounded every turn thus
made was still present to-day. and
there was absolutely nothing beyond
conjecture to Indicate what the out
come would be.
That all the legitimate claims against
Mrs. Chadwick will be met is the
statement made by her attorneys, but
at the same time they decline to say
anything as to the source from which
the necessary funds will be obtained.
Mrs. Chadwick win produce the nee
essary collateral to meet all just OBJ
legations at the proper time We do
not feel called upon to inform the pub
lie as to the nature of this collateral,
or whence it will come" This state
ment. in brief, covers the attitude
taken by Mrs. chadwick's legal ad-
visers.
1--WE are now in a position to state
that Mr.. Newton's claims will be paid
in full, and we have gone so far that
we are not relying any more on mere
promises"
This statement concerning his cli-
ent's present position was made to-
day by Arthur A. stearns, the Cleve-
land lawyer representing Herbert d.
Newton.
Edmund w. Powers, counsel for
Mrs. Chadwick. made statement re-
garding .he case this afternoon. He
said that the total Indebtedness to
Mr.. Newton was approximately $780,
500. OF this, he said. $4,000 was money
actually owed and due, $4,000 was
due on bonuses to be paid for the
accommodation and $4,000 was owed
on two notes Of $4,000 each. which
would not mature for year.
Mrs. Chadwick has ample money
TO meet her debts" said Mr.. Powers.
she has over s1,00O.0OO In her own.
right. II is true she paid over 70
her husband S2,500, 900 some time ago,
hut she had enough left to meet all
Of her debts, which total about $bOO,OOO.
Mr.. Newton had a long conference
with his attorneys here during the
cav. when the situation with regard
10 the settlement OF the claim against
Mrs. Chadwick was thoroughly dis
cussed. At the conclusion Of the con-
ference. George Ryall, Mr.. Newtons
local counsel. said.
I'VE are now satisfied that Mrs.
Chadwick has ample means with which
10 meet all our claims and that she
means 10 do so. It is now only
question Of arranging the details of
the settlement.
"Our claim will be the very first TO
be settled, and II will be settled In
a very short time. have seen Mrs.
Chadwick, and / am satisfied that she
is not the woman she has been repre-
eented to be in some quarters; that
perhaps she has been careless in mon-
ey matters, but that she means TO
honestly pay all legal claims against
her. A proof OF this fact, j think. Is
that she has many powerful friends
who are seeing her through her present
difficulties"
George Ryall. local counsel Tor
Herbert y. Newton, tonight made
"a statement that the SETTLEMENT
agreed upon with Mrs Cassie L. Chad
wick Of Cleveland, IL for the payment
In cash Of Mr. Newt0n's entire claim.
The payment. he said, IL 70 be made
either this week or early next week.
No securities have been given FOR
this payment" be- added. hut we are
sure n viii BE- made"
~ reference 10 the statement this
Afternoon ~ Edmund w. Powers.
counsel for Mra. Chadwick. that Of
the amount claimed by Nr. Newton
$1,000 represented notes given FOR
bonuses. NJ. fyali said mr. Newton
"A mlnfaker iu hin figures. The notes
~ refers ~ % nof represent bonuses.
coatinssa % Fina PasA