Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-10
APPARENT FORGERIES.
Startling Revelations of Chadwick
Securities at Cleveland.

CLEVELAND, Ohio, December g. - The
Plain Dealer says:
when the contents of the mysterious Sc
| curites' held for Mrs. Cassie L. Chadwick
| by Iri Reynolds in the Wade Park Bank are
| revealed to the outside it will be found that
| the signature of Andrew Carnegie has APP
| parently been forged on notes and other
| papers to the total amount of s13, $50, 600.
| The securities held by Reynolds, together
| with those that were held by the Citizens
| National Bank of Oberlin which have al
| ready been made public aggregate this
amount.
1.-THE mysterious Securities held in trust
| by Reynolds, concerning which there has
been so much futile speculation during the
past two weeks, consist of the following
items:
"First-A note for the sum of $1,000, 900
bearing the signature of Andrew Carnegie.
Second A certificate of truSteeShip
which states that Andrew Carnegie has in
his possession stocks and bonds to the
amount of 81 5000 held by him in trust
| for Mrs. Cassie l.. Chadwick. This paper
also bears the signature of Mr.. Carnegie.
''These securities, to the amount of $12,-
| 800. 600, have been for the past three years
the principal basis on which Mrs Chadwick
has conducted her financial system, and on
which she has borrowed sums, it is con-
coded, running up into the millions, and
are positively known to exceed 100000.
Wrecked Oberlin Bank.
And these same securities are the rock
which has wrecked the Oberlin bank and
caused the ruin of hundreds of families
and losses to business men almost without
number. For 1t Is the frankly expressed
opinion of reputable lawyers who have ex-
amined these papers that they are not
worth one cent.
the very man who held this worthless paper
SO faithfully and tenaciously for Mrs. Chad
wick, and who apparently believed in its
worth SO implicitly, and through whom
others were, perhaps innocently, drawn into
the vortex of Mrs Chadwick's operations,
should be himself one of the heaviest losers.
For 1ri Reynolds, after his long course of
faithful guardianship for the woman whom
he trusted, now considers himself a dupe.
| 1t is stated as a fact, not hitherto known
| that Reynolds loaned Mrs. Chadwick prac
| tically all the money he possessed. His
entanglements however, involve only him
| self, the Wade Park Bank being in no way
affected.
Notes Issued by One Person.
1.-The note for S., 600 600 is believed by all
who have knowledge of it, to have been
written and signed by the same person who
| filled out and signed the notes for $500, 900
! and S25O,O00 held by the Citizens National
! Bank of Oberlin.
1T is understood that the certificate of
| trusteeship states the securities held by
! Andrew Carnegie for Mrs. Chadwick consist
| of United States steel bonds. Caledonian
| railway stock in Scotland, and Great West
| ern railway stock, in England the three ag-
gregating, above stated. 81 800 600
| ITO put 1t briefly, the great Chadwick
bubble has burst. There is no hope ap-
parent. The foundation on which Mrs.
| Chadwick's creditors rested their expecta-
| lions has sunk, and the Chadwick financial
| system, which has been tottering for the
past two weeks, has fallen. Unless help
| should arrive from some unseen source,
| the creditors are helpless, and Mrs. Chad
| wick has no resource. She must now face
| the storm that has been steadily growing
| in intensity