The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1904-12-13

name of Andrew Carnegie and are as

WlLn S0vD,OVt- note nelO Dy III ReyIIOIuS
S.. 900 600; certificate of trusteeship for
securities held By Reynolds s7.5Oo.O0O:
total $13.7J0, eco.
With this backing Mrs. Chadwick was
enable 10 obtain large loans during the
last two or three years, most of which
was paid however. The only financial
institution that has SO far as is known
been compelled to close on account of
the woman's dealings has been the Citi-
zens National Bank OF Oberlin, the
president and cashier of which are now
under indictment and under bail on
the charge OF misapplication OF ma
tional bank funds.
The Inducements offered the Oberlin
bank officials were stated today to
have been the promise OF Mrs. Chad
wick to Messrs. Beckwith and Spears
that their bank was TO be made the
trustee OF Mrs. Chadwick's So, 600, 900 es-
tate and that the bankers were each
to receive a yearly salary of $4,000 for
their services. An additional bonus of
$4,000 was promised the bank when
the loans were repaid.
Rev. DR.. Charles a. Eaton. pastor Of
the Euclide Avenue Baptist church,
through whose brother-in-law's firm in
Boston Mrs. Chadwick first met Mr..
Newton of Brookline, has refused to
| make any reply TO Mr.. Newton's state
ment today concerning the minister's
connection with the case. DR.. Eaton'S
| family reports him confined to his bed
and inaccessible to interviewers. DR..
Eaton did, however, hear what Mr..
Newton had to say about his New
| ton's) transactions with Mrs. Chad
wick.
The legal aspect of the case locally
has taken on a new phase today by
| the appointment of a second receiver
| for the Chadwick property in behalf
of banker Newton. The appointment
| was vigorously opposed by Counsel,
| appointed by the Federal court a few
days ago, to take over the Chadwick
possessions. An attempted injunction
| to prevent the second receiver from
acting was frustrated by his escaping
service and obtaining possession of the
| Chadwick papers held by Iri Reynolds.
Attorney A A. Stearns, representing
! Herbert D. Newton, of BrooKline, Mass,
made an authoritative statement today
| concerning the securities that were
found in the packages left with Iri Rey-
nolds by Mrs. Chadwick.
| Package NO. 1 contained a note made
payable to cassie l.. Chadwick, dated
May 90, 1902 for. $4,000, 900 and payable
| in fifteen months. 1t was signed with
the name of Andrew Carnegie.
| In package No. l was also trust
agreement, dated February 81, 1901, and
signed Andrew Carnegie purporting
| to be receipt for securities delivered
\ VI ncria hxr
Mason, deceased, uncle of Cassie L.
IChadwick, the value of the securities
| being placed at s7,5O0,OO and to be pro-
| ductive OF income. These securities pur-
| ported to be bonds OF the United
States Steel Corporation, the Caledonia
Railway of Scotland and the Greatwest-
ern Railway of England. Package No.
| contained a duplicate copy of the trust
agreement. Package No. 8, contained
| a promissory note for $500 signed by
Emily and Daniel Pine, and made paya-
! bic to cassie l.. Chadwick and a mort
gage securing the same.
The SO called trust agreement reads
| as follows:
| Know all men by these presents thai
l. Andrew Carnegie, of New York city,
| do hereby acknowledge that I hold in
| trust for Mrs. Cassie L. Chadwick, wife
of Dr.. Leroy s. Chadwick, of 1924 Euclid
| avenue City of Cleveland, county of
Cuyahoga and State of Ohio, property
assigned and delivered to me for said
Cassie L. Chadwick by her uncle, Fred
erick r. Mason, in his life time( now
| deceased), which property is of the ap-
praised value Of ten million, two hun
dred and for-y six thousand dollars
| ($10, ,246 000.00) consisting of $500 shares
of Greatwestern Railway stock Of Eng
land and Wales, valued at two million
one hundred dollars $1,000 10000 1896
shares of Caledonian railway stock OF
Scotland, valued at one million, one
hundred and forty six thousand dollars
| (s1, ,146, 100000 and bonds of the United
States Steel Corporation of New Jersey
bearing five (5) per cent. interest, of the
par value of seven million dollars ($7,-
| 600 coo. .0O). The income from the above
| described property 1 agree to pay over
to said Cassie i. Chadwick, Semi-ar-
| nually, between the first and fifteenth
days of June and December of eac1
! year during the life of this trust, with
out any detention or charges for SER
| vices or expenses of any kind, this trust
to be and remain in full force until
| August 18th 1902. In case of the dea III
of said Andrew carnegie, said trust to
terminate Immediately, and said prop
erty income and all proceeds to vest
absolutely, both in law and equity, in
said Cassie l.. Chadwick. In case OF
the death of cassie L. Chadwick, said
trust to terminate Immediately and al
of said property, together with all in
come and proceeds thereof, to be trans
ferred and turned over to the heirs Al
law or legal representative Of said Cas-
sic L. Chadwick.
Il further agree TO faithfully carry
out all of the above provisions and that
all of said stocks and bonds have been
endorsed over in the name of said Cas-
sic L Chadwick, so that no further OF
other act, will be necessary on my part
or on the part of my legal representa-