Rensselaer Semi-Weekly Republican, Volume 36, Number 138, Rensselaer, Jasper County, 16 December 1904 — WOMAN IN [?]AW’S GRIP. [ARTICLE+ILLUSTRATION]

WOMAN IN [?]AW’S GRIP.

Mra. Chadwick Taken Into Custody by Federal Officers. With the arrest in New York of Mrs. Cassie L. Chadwick and her arraignment before ir tTnifcil Kfntes commissioner on a technical charge of aiding and abetting a bank official hr misapplying the funds of a national bank, the second stage in this remarkable case was begun. Mrs. Chadwick is accused of getting $12,500 put of the Citizens’ .National Bank of Oberiin, Ohio, on a tlieck of • her own, dated Angr 24,1903, which the'bank certified,” although she has no money there. Section 5209 of the United' States revised statutes makes'lt a hiisdemeanbr 1 , ptfnishabie by'from five to ten years’Tmprisonment, to thus aid-amt abet officers of a national bank in misapplying its- funds. * •Men who profess to haye an intimate

PHES. BECKWITH, knowledge of the affairs of the woman have hinted • that only a suggestion of the real case has yet become public. One man is credited with the statement

that time will show this to be the most stupendous and far-reaching case of its kind in many years. Already the country lias been startied by the disclosures which have followed one after another in quick succession since Mrs. Chadwick’s affairs-were brought before the public Since that time Mrs. Chadwick’s known indebtedness lias grown from less than .$200,000 to more than $1,000,000 and her counsel lias said that claims against her may amount to $20,000,000, for all he knows. The validity of some of the claims, however, said the attorney, was another matter. In the same period at least two banks have taken official cognizance of the case and the federal officers have taken it upon themselves to investigate the validity of notes aggregating more than $1,000,000 which bear the name of Andrew Carnegie. Mr. Carnegie, the iron master, lias stated that he never signed any nptes, that he never has had any dealings with Mrs. Chadwick, to whom the notes in question were made payable. Probably not in the history of the United States lias there been anything similar in unusual circumstances aiid magnitude to the Chadwick borrowings. It is known by the statement of President Beckwith of the Insolvent Citizens’ National Bank of Oberiin, Ohio, that notes for at least $1,250,000 indorsed by Mrs. Chadwick, are outstanding: the'securities said to be held by Iri Reynolds of Cleveland figure to the extent of $5,000,000; Herbert D. Newton of Boston has claims foe $190,800 and it lias been asserted by those conversant with the strange case that a number of banks not yet mentioned in public have made large loans to Mrs. Chadwick.

CASHIER SPEAR.