The San Francisco call., 1904-12-11
REYNOLDS ONE OF THE DUPEs.

In the same package With the trust
agreement was note made payable to
Cassie L. Chadwick dated May 20, 1902,
for $5,0 900 and payable in fifteen
months. 1t was signed with the name
of Andrew Carnegie.
The Plain Dealer asserts that the sig
nature of Andrew Carnegie has appar-
entity been forged on notes and. other
papers to the total amount of $13, $780,
000 The securities held by Reynolds,
together with those that were held by
the Citizens National Bank of Oberlin,
and which have already been made
public. aggregate this amount. The
Plain Dealer adds:
There is a bitter irony in the fact
that the very man who held this
worthless paper so faithfully and tena-
ciously for Mrs. Chadwick and who
apparently believed in its worth i'm
plicitly should himself be one Of the
heaviest losers, Iri Reynolds, after his
long course of faithful guardianship for
the woman he trusted, now considers
himself a duDe. 1t is stated as a fact
not hitherto known that Reynolds
loaned Mrs. Chadwick practically all
the money he possessed. His entangle-
ments, however, involve only himself,
the Wade Park Bank being in no way
affected"
United States District Attorney Sui
livan is preparing to begin the work of
presenting to the Federal Grand Jury
the evidence against Mrs. Chadwick.
Late this afternoon he issued subpenas
for the witnesses who are to appear be-
fore the Grand Jury which has already
been drawn. The first of the witnesses
is Andrew Carnegie. The others are
Robert Lyon, receiver Of the bank at
Oberlin; A. B, Spear, cashier of the
bank: the treasurer of Oberlin College
and J. z. Barrett of Wooster, Ohio.
What connection the last. named two
have with the case is not disclosed.
President Beckwith will not be called
personally. His statement to the Dis
trict Attorney and the United States
Marshal will be submitted to the jury
instead
CONFESSION OF BECK.
OBERLIN, Ohio, Dec. 10.-The con-
fession of President G. T. Beckwith of
the wrecked Citizens National Bank OF
Oberlin, now in the possession of the
Federal authorities, is story so start
ling with relation to the monumental
transactions of Mrs. Chadwick as to be
almost unbelievable. But documentary
proof has forced itself upon the part
OF the few who have heard the amazing
tale, which is expected to prove the
absolute undoing of Mrs. Chadwick.
The unequivocal statement is made
in the confession of President Beckwith
that Mrs. Chadwick secured the i'm
mense loans by a written promise de-
livered into the hands of the banker
that the Citizens Bank would be made
the trustee OF the $4,000. 900 estate
which has just been revealed to the
world as an absolute myth.
The written promise deIfVorad hv
Mrs. Chadwick to Beckwith was to the
effect that her affairs would be turned
over to the Oberlin bank. July 1, 1903
In consideration therefor President
Beckwith and Cashier Spear were to
receive 1000 year each for their
trouble. In addition the bank was tc
be given a bonus of close to SAC, ,00C
when the loans had all been paid back
| This statement answers fully the Oft
repeated question. What actuated the
two officials of the Oberlin bank in
] making the immense loans from the