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Show I . MP ASSETS GiIL $lCC0 1 Creditors of Mrs. Chalwick Will Get' One and One ; : V Half Mills on the Dollar. ; read In the newspapers." "Have you any idea why your wife used Andrew Carnegie's name Instead of that of other immensely wealthy men, such as Rockefeller or Morgan? Does she know Mr. Carnegie?" "As far as I know she does not know the famous Carnegie and has never met him. But I believe she simply negotiated paper which she believed to be good. I notice that the Paris newspapers ars trying try-ing to draw an analogy between Mrs. Chadwlck and Mme. Humbert. That is Impossible. The Humbert woman deliberately deliber-ately defrauded people. "AD this Is a stunning blow to me. I was absolutely without an inkling of such doings as my wife Is accused of. "She in no way needed money. My daughter. Mary, who Is with me. Is 19 years of age and so fully appreciates what all this means to me. Like me she is greatly shocked by the newspaper reports, nor can she understand why Andrew Carnegie's Car-negie's name figures so largely. I saw my wife lust prior to November 15. She gave me no sign of being engaged la any unusual un-usual large business transaction." "Did your daughter last month cable Irl Reynolds, the Cleveland banker, asking ask-ing him for money?" "That is something I will not deny or affirm," answered Dr. Chadwlck. "If Reynolds Rey-nolds wishes to talk about the tntldent he can." I He refused to answer more Questions, saying finally: "Let me sleep on all this. I do not believe be-lieve in talking when I do not know where I am. But If I determine to make a fuller statement I will send you word." CLEVELAND, Dec 12. According to the most accurate -estimate of the estate of Mrs; Chadwlck that is possible before the receiver, has investigated her assets ' end reported his findings to the court, . -her creditors 'as a whole will receive about one and one-half mills on the dol-V dol-V " iar.r , ' v r ' What lends additional Interest to this ' , showing from the creditors' , standpoint Is that one man, Irl Reynolds, will recti re-cti ve the whole of the- assets visible at the present time. There may be funds In reserve somewhere, as there may be addltjonal creditors who have not yet an-' an-' nounced that Mrs. Chadwlck Is Indebted j : to them, but it Is not expected by oank- , rs and attorneys of this city who have t ' the greatest knowledge of her aftairs, ' that -any more large loans .will be de- v ' ' Veloped. The extent of bar ope nations is now be-; be-; V lieved to be approximately as follows: . ' Bee u rod from Citisens" National bank of Oberlin and various sources in and about Lorapi county, O.. $500,000; bor- rowed from business men in Pittsburg, j 1500,000: borrowed from Herbert D. Newton. New-ton. 1190.004. Total, tUW.OuO. Against j", this stands security of known value on . one note amounting to $1800, which is ; held by Irl Reynolds. The amount of money received by Mrs. Chadwlck In Pittsburg may run as high --! as $SOO,000. but It Is believed that a por-'-i tion of this sum is a bonus promised by r her for on original loan of at least $500,-' $500,-' . OwO. Her creditor there figures that she Is Indebted to him for tbo larger amount, while she has admitted that she owes $5rt0.00a. If her dSbt In this direction is $eoO,OuO. the probabilities in sight for the ; ' creditors is about one and one-flf to mills ' on the dollar. ' . It is the opinion of some of the leading attorneys of Cleveland that a charge ot forgery cannot be made to hold in connection con-nection with rhese notes. They declare that it is not aa act of forgery for one person to write the name of another, but that the offense lies in the attempt to negotiate .such a signature for a specified value. . This, they say, there Is so far no evidence evi-dence that Mrs. Chadwlck has done. She has not sold nor attempted to sell the notes for cash. She has not said that she would be glad to obtain money in exchange for them. She has obtained , ' V- money from various sources on the state-'fl state-'fl m tnt of Irl Reynolds that she. to the best of his knowledge and belief, held securities of a certain value, and whether he proves correct or otherwise in his value ot the notes, there can be no doubt that Mr. Reynolds believed what he said. The loan of $800,000 said to have been received by Mrs. Chadwlck In Pittsburg, or from a man residing la that city, la . declared to have been made to her by a niulti-miUionaire manufacturer of that city. .Mrs. Chtdwick, in discussing this statement, declared that she did owe him $500,000. but not $."00,000. , Secretary Irl Reynolds of the Wad-v Wad-v , Park bank declared -esterday that his im-- im-- - plicit belief in the statements made to him by Mrs. Chadwlck. in which she declared de-clared herself to be the daughter of An- drew Carnegie, was the impelling cause of his financial dealings with her. "She told me." said Mr. Reynolds, ""that . she was the illegitimate daughter of An drew Carnegie, and I believed her. I , '. never doubted her story until on the oc-y oc-y rasiorr of my last visit to New York, when ' -Mr. Squire came to me and declared that r J all the securities she had given me as ' the notes of Andrew Carnegie- were t worthless. It was only then that I doubted her. - '"Just" to show the methods of Mrs. ' . . Chadwlck. I 'will tell of what she offered to do for me about a year ago. She came to me in my office here and said she was grateful for all that I had done for her. end that she wished me to accept a present pres-ent from her. She then offered me $W0,- COO In four notes of $25,000 each. The notes, were drawn by her. and she de- clared that they were as good as gold. "They may have been, for I know that i her notes for similar amounts had been , negotiated In banks In this city and had been taken up at maturity. Of course. ( as an officer of the bank I could not ac-ept ac-ept such a present and remain In the Institution. I was compelled either to re sign or decline the present, and I declined ' 'the notes." , . . . The directors of the Wade-Park bank i have to a' man determined to stand by Secretary Reynolds and insist that he remain re-main with the bank. He has offered repeatedly re-peatedly to resign during the last two weeks, but the directors have refused to ' except the resignation, and declare that he shall retain his position. |
