Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-03-25
MRS. CHADWICK
TELLS OF HER DEBTS
Testifles in Bankruptcy That Her
Indebtedness VIII Not Exceed
Three Quarters Of a Million.
MONEY LENDERS WERE SHARKS
To Get That Amount She Paid Them
S2OS, 900 10 Commits.
sons.

Cleveland, o., March 2i-In the
bankruptcy court today Mrs. Cassie l..
Chadwick detailed some of her inencial
transactions during an examination by
Atty. Louis j. Grossman, acting for
Trustee Nathan Loeser.
Mrs. Chadwick said that she was not
able TO give as many details OF the
transactions as she would like, be-
cause Of the absence OF papers which
were at present IN a number OF cities.
She had sent for the papers and expect
ed TO have them when the hearing will
be continued next Thursday She tes-
tined that her total Indebtedness would
not exceed s75O,00O. OF this sum, bor-
rowed from various persons, she had
received only S5lI0OO leaving S26S,OO0
for commissions TO the money-lenders.
Che said she owed certain banks IN
Cleveland 100000 The names OF three
of these institutions she was willing to
give to Trustee Loeser privately.
Mrs. Chadwick walked from the coun-
~ Jail to tie bankruptcy court this arr
ernoon, a distance OF about one block.
She looked well and appeared cheerful.
She expressed her willingness to tell all
that she could of her financial affairs,
Some OF the questions that were put
TO her were not answered because she
did not care to give II reply from menu
DRY.
The examination disclosed additional
assets of 5000, 900 OF this amount So, 600
Is due Charles II. Stewart Of Cleveland,
and $4,000 is jewelry held by Wolfers
Brothers of Brussels, Belgium.
Mrs. Chadwick asserted that there
were other assets, consisting Of iowelry
and valuable articles held by other per-
sons for her.
The examination was conducted I'm
the presence OF Mrs. Chadwicks 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
10 some OF the attorneys questions.
Mr.. Grossman opened by saying he
believed that Mrs. Chadwick owed ST.
100000 and had 100000 in discovered
assets He asked Mrs. Chadwick to as
sist the trustee for the creditors In find
ing all her property, This Mrs. Chad
wick said she was willing TO do, but
said the papers she had sent for would
not be In her possession until next
week. She said the papers were scat
tered around in Cleveland, Pittsburg,
New York and other oitles. She said
the papers would show where hundreds
OF thousands of dollars worth of pro-
perty was, and would also mako known
what sums OF money she had borrowed.
She denied that her Indebtedness would
amout TO $4,000 600 or any sum near
It, she said the $4,000 which she made
public would include the bonuses paid
for loans,
Relative TO the suit OF Herbert D.
Newton OF Brooklyn, Mass, TO recover
$l90,S00 lent by him, Mrs. Chadwick
said she was not indebted 10 Mr.. New
ton for that amount. She said Mr. New
ton held her paper for that sum, but
that she did not receive that much
money from him.
How much did he give you, actual
ly2" Mr.. Grossman asked.
1T would represent $780, replied
Mrs. Chadwick II obtained $4,000 In
money and notes for the rest. Two $751;
900 notes were applied on an old debt,
and two $4,000 notes We're negotiated.
realized $1,000 on one and $4,000 on the
other"
Does the difference between $4,000
and the $l9O,S0O represent the commits
sion?"
Yes"
Where are these notes."
zone is In Oberln, one for 10000;
and the other $4,000 note In Europe?"
WHO has the note in Europe?'
90, r, Cutler a Brussels broker"
Where are the two $4,000 notes?"
THEY are with a banker | would
rather not mention his name
Then you paid sll2S00 commission for
the Newton loans?'
YES"
Mrs. Chadwick said she had received
$4,000 from James a. Friend Of Pitts
burg. For this she said she gave him
notes for $3.50, 900, She said that Mr..
Friend had assisted her IN making
loans to the amount OF 100000 For this
Rhe gave jewelry as security OF the
loans for 100000 she said she received
the entire sum- Mrs. Chadwick said
$685. 600 was the total OF her Indebted
ness IN Plttsburg.
Mrs. CharWlck said that beside the
lewelry held IN Pittsburg, Henry Wurst
OF Elyria and Ludwig Nlssen Of New
York once had In thoir possession Jew
elry belonging to her and taken az Sc.
ourlty for loans. Shl said she believed
Mr.. Nissen 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.. Nssen for the
loan but the note, having been renewed
time and time again, Mr. Nssen finally
sold the rone OF pearls TO the ques-
tion BY Mr. Crossman whether there
was any iewelry IN Europe. Mrs. Chnd-
wick replied "Therc is some I'm the
hands OF Wolfers Brothers Of Brussels"
THAT was jewelrv ! bought abroad
and left with VOTERS Brothers 20 set
n was not paid for, as It was purchased
under contract 10 be paid for If not
suited, Wolfers Brothers sent their
bill and ] paid $4,000 on a. The Job
was 10 take about q year. They are
now suing me-"
what was the cost ~ this iewelry?"
Il do not remember exactly. 7 think
II was between $4,000 and 100000
ANY one else abroad who holds any
of your jewery2"
no, sir"
ANY other property laces or furs?"
IT would rather tell you IN private
rs there any other property IN this
country held for loans iewclry laces,
furs, furniture or auvthlng|
81 cannot say without the ppncrs."
while you were In Now York last
time vou sent Emil your son, 10 the
Cleveland Trust company What was
In that pnckaEe?"
Just letters Some that do not re-
late TO this matter NJ all ana others
that related TO the property IN Europe
To get money IN New York | had TO
have those letters"
In the past two or there years you
had dealings with the Raymond &
Whitcomb steamship agents and bank
ers. What We're they2 This paper
would indicate that YOU owe them $685.
Sss72. Can you explain ~"
II must have time TO look az the pa
per. They cashed nv Cleveland
checks. There was a shortage and
some trouble with n cashier ! do not
know what my account Is with them "