River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-02-09
BANKER BECKWITH'S
TROUBLES ENDED.
PRESIDENT OF DEFUNCT ODER
LIN, O., INSTITUTION PASS
ES AWAY.
MAY AFFECT THE CASE
AGAINST MRS. CHADWICK
Heart Disease, Brought on by Worry,
Cause of Demise-List of Creditors
of Cleveland Woman Filed in Fed
eral Court.

Oberlin, o., Feb. &c. T. Beckwith,
president OF the detunct Citizens ma
tional bank, of this city, died at 10: 45
o'clock Sunday night after two days OK
Inconsistencies, during which dissolu-
ton was expected at any moment Only
the family surrounded the deathbed Of
the banker. Mr. Beckwith was about GO
years of age. On December IA last the
federal grand jury in Cleveland returned
five indictments against Reckwith, upon
the charge of violating the national
banking laws in connection with the
loans made to Mrs. Cassie l.. Chadwick
by the Citizens national bank Of ODER
lin, of which deceased was the president
From the day of his arrest Beckwith's
health failed rapidly, as result OF wor-
nv over his troubles. He frequently de-
clared during his illness that he wanted
to die. For several days prior to his
death he refused to take food in any
form. Death resulted directly from
heart trouble.
Weakens the Case.
The death Of President Beckwith may
materially weaken the cases Of forgery
and conspiracy to misapply bank funds
now charged against Mrs. Chadwick. It
was expected that Beckwith would be
the star witness in both the federal and
common pleas court. There is no way
to perpetuate BeckWith' S testimony. The
constitution of the United States says an
accused person must be confronted in
court by the accusers. A deposition or
affidavit cannot be used.
Had Excellent Reputation.
Mr.. Beckwith always bore an excel
lent reputation in Oberlin. From the
time that he assumed the duties of presi-
dent of the national bank until he met
Mrs. Chadwick the institution pros
pered. IN fact, its prosperity was his
downfall He was anxious to invest its
surplus, and himself sought out the
wizard. The details Of what followed
may never be known. BeckWith has
tried to explain, but he could never tell
why he loaned the Cleveland woman
81 ,250, 000-many times the capital Of
the bank He said it was because OF the
S., 100000 note signed Carnegie" in one
statement, but in another asserted that
he had never seen the piece of paper.
May Be Tried in Massachusetts,.
Boston, Feb. Tt is stated on good
authority that if the litigation against
Mrs. Cassie l.. Chadwick should fail, ow-
ing to the death of G. T. Beckwith, presi-
dent Of the defunct Citizens national
bank of Oberlin o., that proceedings
against her would be Immediately insti-
tuted in this state The suit brought
here would be in connection with an al
legged loan made to Mrs. Chadwick by
Herbert d. Newton, of Br0okline.
List of Creditors Filed.
Cleveland, O., Feb. 7-Receiver
Loeser filed list of the creditors of
Mrs. Chadwick, together with the
amount due each, so far as known, in
the United States bankruptcy court
Monday. While it is understood, unof-
ficially, that Mrs. ChadWick's debts will
aggregate close to $2,000,000 the
claims thus far presented to the re-
ceiver foot up a total of only S63,310.
According to common report, the claim
of J. w. Friend, of Pittsburg, amounts
to 100000 which he loaned TO Mrs
Chadwick No official statement, how
ever, concerning this claim is avail
able. Harold Remington, referee in
bankruptcy, has set February II as
the date for the meeting Of Mrs. Chad
wicks creditors at which q trustee will
be elected TO take charge Of her prop
erty. The meeting will be held in Mr..