The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1905-03-26
THECHADWICKDE DEBTS
Cleveland Woman Financier
Under Examination.
TOTAL AMOUNT DUE is S75O,OOO.
or Money borrowed From Various
Persons She Received only S517,-
900, Leaving S233,OOO Paid For
Interest and Com Missions.

600, Leaving N2Jb,OOO Pnid FOR
Interest and Com missions.
CLEVELAND, o., March 20. - In
bankruptcy court here Mrs. Cassie l..
Chadwick detailed some of her fnan-
cial transactions In the course of an
examination by Attorney Louis j.
Grossman, acting for Trustee Nathan
Loeser.
Mrs. Chadwick said that she was NOT
able TO give AS many details of these
transactions as she would like to be-
cause of the absence Of papers which
were held in number Of cities. She
had sent for the papers and expected
to have them when the hearing Is con-
tinued next Thursday.
Mrs. Chadwick testified that the total
indebtedness would not exceed $780,
600. or this sum, borrowed from va
rious persons, she had received only
$517, 900, leaving $233,000 for commits
.lons to the money lenders. She said
she owed certain banks in Cleveland
100000. The names of these institu-
lions she was willing to give to Mr..
| Loeser, trustee for the creditors, prl-
vately.
Mrs Chadwick walked from the
county jail to the bankruptcy court, a
distance of about one block. This Is
| the first time Mrs. Chadwick has APP
peared outdoors except in a carriage
since her arrest. She looked well and
appeared cheerful. She expressed her
willingness to tell all that she could of
her financial affairs. Some Of the ques-
| tons that were put to her were not an
swered because she did not care to give
| a reply from memory.
The examination disclosed additional
assets of 100000. OF this amount
$4,000 IL due from Charles H. Stewart
Of Cleveland and $l50,000 worth of
jewelry held by Wolfers Bros. of Brus-
sells, Belgium. Mrs. Chadwick asserted
that there are other assets consisting
OF jewelry and valuable articles held
| by other persons for her.
| The examination was conducted in
the presence Of Mrs. Chadwick and four
attorneys, who at times interposed an
objection to the questions OF Mr.. Gross
man and with whom Mrs. Chadwick
| frequently consulted before she replied
to some of the attorneys questions
| Mr.. Cheeseman's opening statement
was that he believed Mrs. Chadwick
| owed debts to the extent of S2,000,0O0,
and of that sum but 100000 In assets
had been located. He asked Mrs Chad
wick to assist the trustees for the cred
itors In locating all that could be found
OF her property. This Mrs. Chadwick
said she was willing to do, but said
that important papers she had sent for
would not be in her possession until
next week. She said the papers were
scattered around in Canton. in Pitts
| burg. in New York and other places
She said the effect of the papers would
be- TO show where hundreds of thou
sands of dollars worth of property
was and would also make known what
sums of money she had borrowed. She
denied that her Indebtedness would
amount TO S2,000.000 or any sum near
il. She said the sum of S7J0.0O0. which
she admits she owed, would include the
bonuses paid for the loans.
Mrs. Chadwick said she did not care
to state how much she owed James A.
Friend of Pittsburg. but after several
other questions had been asked and
answered she said that the actual sum
she had received from Mr.. Friend was
$4,000 For this she said she gave
him notes for $4,000. She said that
| Mr.. Friend had assisted her in making
her loans to the amount of Sl50000.
For this she gave jewelry as security.
OF the loans for $4,000 she said she
received the entire sum. Mrs. Chad
wick said S225,000 is the total of her
Indebtedness in Pittsburg.
Mrs. Chadwick said that besides the
jewelry held in Plttsburg Henry
Wurst of Eyria and Ludwig Nilsson of
New York had in their possession at
one time jewelry belonging to her Civ
en- as security for loans. She said she
believed that Mr.. Nilsson had sold a
rope of pearls valued at as high as
100000 given on loan of $1,000.
Mrs. Chadwick also gave her note TO
Mr.. Nilsson for the loan; but. the note
having been renewed time and again,
Mr.. Nilsson finally sold the rope OF
pearls.