The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-25
PAYS ENORMOUS
BONUS FOR LOANS
Continued From First PAGE

would amount to 100000 or any sum
near It,. She said the sum of s75O.O0O
which she admits she owes, would in
ciude the bonuses paid for the loans.
Regarding the attempt of Herbert B.
Newton OF Brookline, Mass, to recover
sISO'SOO loaned by him Mrs Chadwick
SAID she was not indebted to Mr. New
ton Tor that amount: that Mr.. Newton
held her paper for that sum, but she
did not receive that much money from
him.
How much did he give YOU. actual
~! Mr. Grossman asked. 1T would
represent S7S,000." replied Mrs. Chad
wick. Il obtained $4,000 in money and
notes for the balance Two 1000
notes were applied upon an old debt
and two $4,000 notes were negotiated.
l realized $1,000 on one and $4,000 on
the other"
Does the difference between s7S,OOC
and the S1S0,S00 represent the COM
mission?"
Yes"
Pittsburg Debt and JeweIry
Mrs. Chadwick said the actual sum
she received from James A. Friend OF
Pittsburg was $4,000. For this she
said she gave him notes for Sl5O. 600,
She said that Mr.. Friend had assisted
her in making her loans to the amount
or $4,000. For this she gave jewelry
as security. OF the loans for $3.50. 600
she said she received the entire sum
Mr.. Chadwick said 1925, 900 is the total
or her Indebtedness in Pittsburg. Be-
sides the jewelry held in Pittsburg
Henry Wurst Of Elyria and Ludwie
Nilsson or New York had in their pos
session at one time jewelry belonging
10 her given as security for loans She
believed that Mr.. Nilsson had sold q
rope OF pearls valued at $50, 600. given
on loan of ST. 900. Mrs Chadwick also
gave her note TO Mr.. Nilsson for the
loan, but the note having been re-
newed time and time again, Mr.. Mis-
son finally sold the rope of pearls.
To the question by Mr.. Crossmar
whether there was any jewelry in Eu-
rope, Mrs. Chadwick replied:
There is some in the hands OF
Wolfers Bros. of Brussels. That was
1ewelry / bought abroad and left with
Wolfers Bros. to set. 1t was not paid
for, as it was purchased under con-
tract to be paid for II IT suited. VOL
fers Bros. sent their bill and l paid
$4,000 on II. The job was to take
about year. They are now suing me
The cost OF this jewelry / think, was
between $150,000 and 100000"
In the past two or three years you
had dealings with the Raymond &
w nltcOmD company or New York
steamship agents and bankers What
were they? This paper would indi-
cate that you owe them S1O5.SSS. 70
Can you explain it?"
Trouble With a Cashier
II must have time to look at the
paper. They cashed my Cleveland
checks. There was a shortage and
some trouble with a cashier. l do not
know what my account is with them
You borrowed a large sum of money
from Nj. V. Coons, a broker. Do you
remember the amount?'
The first loan was $4,000. I gave
notes for S97 SOC"
When were they made payable?"
within five days"
What represents the difference be-
tween $4,000 and S97.500?"
Before this loan was paid, Mrs
Chadwick said, she had paid Sos, O0O
for il because of renewals at increased
interest and commissions. She said
DIR. Chadwicks brother in Minnesota
did not hold any property belonging
to her. She admitted that her hus-
band owed his brother In Minnesota
$4,000 or $4,000 and she was on the
paper. A third brother of DR.. Chad
wick's, in Franklin, Pa, she said, did
not owe her anything. She had paid
claims on the estate for her husband
TO the brother in Franklin similar to
those paid the brother in Minnesota
The examination was postponed until
Thursday.