Evening journal., 1904-12-12
CHADWICKS CREDITORS
According to Estimates They Will
Get I Ia Mills on the Dollar.
NOTES REACH TOTAL ste,4ss,oOO

Andrew carnesle's Name Signed to All,
One Of Them Being Deed Of Trust
For s1o,246, 900 - May Escape For
gerry Charge.
Cleveland. o.. Dec. 12.-According to
he most accurate estimate Of the es-
iate Of Mrs. Chadwick that is possible,
before the receiver has investigated
her asserts, and reported his findings
to the court, her creditors as a whole
will receive about one and half mills
on the dollar. What lends additional
interest to this showing, from the
creditors standpoint, is that one man,
Iri Reynolds, will receive the whole
of the assets visible at the present
time.
Iri Reynolds said Mrs. Chadwick told
him she was Andrew Carnegie's illeglt-
innate daughter, and he believed her.
He also denied the stories that she
gave her husband large sums Of
money, and said DR.. Chadwick is now
in Europe and penniless.
The extent of her operations is now
believed to be approximately as follows:
Secured from Citizens National
Bank of Oberlin, o., and various
sources in and about Lorain county,
$5OO,OOO; borrowed from Herbert b.
Newton, $4,000; borrowed from a
business man in Pittsburg. $500 900;
total, s1,19O,OOO.
Against this stands securities Of
known value on one note amounting
to $500, which is held by Iri Rey-
nolds.
Mrs. Chadwick's alleged securities
are as follows:
Note held by Citizens National Bank
Of Oberlin. S5OO,OO0; note held by
Citizens National Bank of Oberlin,
s250.0OO; note given President Beck
with, s500.000; note held by ri Rey-
nolds. $5,0OO,OOO; certificate Of trustee
ship for securities, held by Reynolds,
1O.246,OOO; total. SIG, 100000.
With this backing Mrs. Chadwick
was enabled to obtain the loans.
The amount of money received by
Mrs. Chadwick in Pittsburg may run
as high as SSO0,OOO, but it is believed
that a portion of this sum is a bonus
promised by her for an original loan
of at least 100000. If her debt in this
direction is $4,000 the probability in
sight of the creditors is about one and
one-fifth mills on the dollar. It is not
believed by any of the attorneys in
the case that the Carnegie securities
will be Of any account whatever. If
! they do at any time reveal value other
/ than that of so many cents per pound
of white paper. the delight of the law
| yers will be comparable only to their
amazement, and just now they are
anticipating neither pleasure nor as
constituent.
It is the opinion of some Of the lead,
ing attorneys of Cleveland that Z
charge Of forgery cannot be made tC
hold in connection with these notes
They declare that it is not an act oi
forgery for one person to write the
name of another, but that the offenst
lies in the attempt to negotiate such
a signature for a specific value. This
they say, there is, so far. no evidence
/ that Mrs. Chadwick has done. She
has not sold or attempted to sell the
notes for cash. She has obtained
money from various sources, on the
statement OF Iri Reynolds that she, to
the best of his knowledge and belief
held certificates of a certain value, and
whether he proves correct or other
wise in his estimate of the value OF
the notes, there can be no doubt that
Mr.. Reynolds believed what he said
There has been, according to the at
torneys, no evidence so far ELECTED
showing that Mrs. Chadwick obtained
money on these notes in any other
manner than through the attestation
Of Iri Reynolds that he had seen the
notes and considered them good. II
any man loaned money to Mrs. Chad.
wick according to the strength of his
belief in the ability Of Mr.. Reynolds
to judge accurately Of the value of Sc
curities, then the affair, according tC
the attorneys who hold this view oi
the case, is one that rests only between
the man and his own hard luck. Other
charges may be brought home to her
they declare, but in their opinion Il
will be somewhat difficult TO punist
her for forgery in connection with th'
Carnegie notes unless 1t can be showr
that she endeavored to negotiate them
This, apparently, is the opinion Of thu
Lorain county grand jury, which failed
ar, rnA,nr.r, On indirtr,nnrf anaincf hnr