Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1905-03-28
MRS. CHADWICK ON WITNESS
STAND TELLS OF HER
TRANSACTIONS.
MORE ASSETS FOUND
Examination Of "Frienzed Financier"
In Bankruptcy Court DiscIoses
Additional Property Worth 5000, 900,
With Which Creditors Can Be Com
forted - Testimony is Interesting.

SlSVSlduQ, VI. MdICu 6o"lu Unuh-
ruptcy court here yesterday Mrs. Cas-
sic L. Chadwick detailed some of her
financial transactions in the course of,
an examination by Attorneys Louis ].
Grossman, acting for Trustee Nathan
Loeser.
Mrs. Chadwick said that she was not
able TO give as many details of these
transactions she would like to be-
cause of the absence OF papers which
were held in a 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 to-
tai Indebtedness would not exceed
over $750.000. OF this sum, borrowed
from various persons, she had re-
ceived only $4,000, leaving $26S,000
for commissions to money lenders.
She said she owed certain banks in
Cleveland 100000 The names of
these institutions she was willing to
give to Mr.. Loeser, trustee for the
creditors, privately
The examination disclosed addi-
tional assets of 100000. OF this
amount $4,000 is due from Charles H.
Stewart of Cleveland and $150,000
worth of jewelry held by Wolfers
Bros. of Brussels, Belgium Mrs. Chad
wick asserted that there are other as
sets consisting of jewelry and yalu-
able articles held by other persons for
her. Mr.. CHEESEMAN'S opening question
was that he believed Mrs. Chadwick
owed debts to the extent of $2,000,000
and that of that sum but 100000 in
assets had been located. He asked
Mrs Chadwick to assist all the trus-
tees for the creditors in locating all
that could be found Of her property
This Mrs. Chadwick said she was will.
ing to do. but said that important pa.
| ers she had sent for would not be In
her possession until next week. She
said the papers were scattered around
in Canton, in Pittsburg, in New York
and other places. She said the effect
of the papers would be to show hun,
dreds of thousands of dollars worth OF
] property and would make known what
sums of money she had borrowed. She
denied that her indebtedness would
amount to So 100000 or any sum near
it. She said the sum of $75O,0OO, which
|
tho bonuses paid for the loans.
Relative to the suit of Herbert D.
Newton of Brookline, Mass, to recover
$4,000 doaned, she said she only re.
ceived $7S,000 the remainder Of the
claim being commissions.
Mrs. Chadwick said she did not care
to state how much she owed James
A. Friend, of Pittsburg, but after sew.
eral 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 $15O,0O0. She said
that Mr.. Friend had assisted her in
making her loans to the amount OF
$150,000. For this she gave jewelry
as security. Of the loans for $150,00O
she said she received the entire sum
MRS. Chadwick said S225,000 is the
total of her Indebtedness in Pittsburg
Mrs. Chadwick said that besides the
jewelry held in Pittsburg Henry Wurst
of Elyria and Ludwig Nilsson of New
York had in their possession at one
time jewelry belonging to her given as
security for loans. She said she be
lieved Mr. Nilsson had sold rope O,
pearls valued at 100000, given on {
loan of $4,000.
Mrs Chadwick also told of buying
| jewelry in Brussels valued at S150,OO(
to 100000 on which she paid $4,000
Also that she borrowed $4,000 from
W. V. Coons, broker, for which she
gave notes for $97,500. Before thi.
loan was paid Mrs. Chadwick said sh,
had paid 100000 for it because of in
tervals at increased interest and com
missions. Inc examination was no
concluded today and will be resumed
next Thursday.