17662. Oberlin Bank (Oberlin, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 26, 1904
Location
Oberlin, Ohio (41.294, -82.217)

Metadata

Model
gpt-5-mini
Short Digest
79d881c5

Response Measures

Full suspension

Other: Receivership assigned and grand-jury/criminal proceedings followed; failure tied to Cassie L. Chadwick forgeries/ worthless securities.

Description

Contemporary papers report a small run on the Oberlin bank after large loans to Cassie L. Chadwick came to light; the bank shut its doors and was placed in receivership. Dates are taken from newspaper reports (Dec 1904 articles referencing a run the prior weekend and the closing; receiver reported mid-December). I correct no major OCR errors to the bank name but note the bank is also referred to as Oberlin Banking Company in later dispatches.

Events (4)

1. November 26, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Withdrawals triggered by discovery of large loans to Mrs. Cassie L. Chadwick and the revelation that purported Carnegie securities were forgeries.
Measures
Bank officers were unable to meet demands; bank subsequently closed doors (suspension followed).
Newspaper Excerpt
It sustained a small run Saturday and shut its doors Monday.
Source
newspapers
2. November 29, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended after being let down by loans made to Mrs. Chadwick and resulting losses and runs; closure appears tied to the Chadwick fraud revelations.
Newspaper Excerpt
shut its doors Monday.
Source
newspapers
3. December 14, 1904 Receivership
Newspaper Excerpt
Receiver Nathan Loesser ... placed a custodian in charge of the property; Federal indictments ... against Mrs. Chadwick ... the home of Mrs. Chadwick ... was surrendered to Receiver Nathan Loesser to-day and he placed a custodian in charge of the property. (San Francisco Call, Dec. 15 referencing Dec. 14 actions.)
Source
newspapers
4. March 7, 1905 Other
Newspaper Excerpt
Directors were not informed of loans made Mrs. Chadwick until the day before the bank suspended. (Testimony at Chadwick trial.)
Source
newspapers

Newspaper Articles (23)

Article from The Yale Expositor, December 2, 1904

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Disclosure of Doings of the Chadwicks Expected In Cleveland. WOMAN FOUND IN NEW YORK Hubby Has Probably Scuttled For Europe-Suit of Massachusetts Banker Caused Closing of Bank at OberlinAlleged Noted Men Are Implicated. Cleveland, O., Nov. 29.-The Chadwick case has closed a bank in Oberlin and caused runs on several banks in Cleveland. Mrs. Chadwick, who vanished from Cleveland on Thurs: day, has been located in New York. Chadwick is believed to have scuttled to Europe. Banker Newton expects to be in Cleveland today when his case against Mrs. Chadwick is called in court. Amazing tales of gullibility of financiers and misuse of world-famous names are promised. These are the latest developments in the astonishing Chadwick sensation, which promises to eclipse every other swindling case ever unearthed in this country. These are the cases against Mrs Chadwick, to come up at once in Cleveland, starting with the Newton case: Several Cases. Herbert Newton, banker, Brookline. Mass., sues for $190,000, loaned on worthless notes and pretenses to possession of $5,000,000 invested in securitles in New York and $2,500,000 in real property elsewhere, none of which has any known existence. Euclid Avenue Savings Co., Cleveland, sues to recover on notes for $58,231. Savings Deposit Bank & Trust Co., Elyria, O., sues for $10,000. American Exchange National bank sues on notes for $28,808. How much the Oberlin bank was "let down" for is not known, as it has not yet begun suit. It sustained a small run Saturday and shut its doors Monday. Disclosures Promised. Great interest is manifested in the hearing to begin in the common pleas court here today on a motion to have a receiver named to take charge of the alleged securities said to be in custody of Iri Reynolds at the Wade Park bank, on which Mrs. C. L. Chadwick secured various sums from banks in this city and elsewhere. The attorney for Herbert L. Newton of Brookline, Mass., arrived here last night and seems confident that Mrs. Chadwick will settle before the hour of hearing arrives. He says if she does not there will be some startling disclosures. The officials of the Oberlin bank that closed because of loans made to Mrs. Chadwick say they expect a large sum today, and if it is not forthcoming threaten sensational disclosures. Mrs. Chadwick claims that one note for $500,000 is signed by one of the richest men in the country, and bankers who have seen this and other notes call them gild-edged security. Late last night President Beckwith of the Oberlin bank admitted that he had aided Mrs. Chadwick in getting loans aggregating $102,000.


Article from Ottumwa Tri-Weekly Courier, December 8, 1904

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Oberlin bank which of the has myster- been the as one result Mr. Emery closed ious traveling Chadwick through case. been Ohio mak- and is Pennsylvania and has -:ing Oberlin his headquarters. York, Dec. 7.-Mrs. Chad- hoNew the New Amsterdam to wick tel this left afternoon and has gone the Hotel Breslin. Carnegie said today inAndrew had not the slightest anybody that he of prosecuting to the tention forging his signature investigafor even if further forgery tion notes, should show that such been committed. has prominent man from today: Ohio, "In One now here, said will a who day is or two will revelations show this to be be made which colossal affair of the York centhe most Five prominent New not yet men, tury. whose mentioned, names will Chadwick have be involved been as Mrs. and as deeply number of wealthy also prom- be A western men will and numerinent into the case follow. dragged prosecutions will made public ous These facts will be jury investigation which row." through the begins grand at Elyria tomorYork, Dec. 7.-Decisive Cassie ac- L. New in the case of Mrs. be held in tion Chadwick seems some to powerful confer- influabeyance despite by the frequent yesterday. ence in this city the ences It was held reported today due that to a measure of delay desire was to prevent in upon a an the imposition banks with had hardships Mrs. Chadwick has her which but whose part affairs has that if nancial dealings, not said yet in been fl- it public. It is had made made known other banks run on were to Mrs. Chadwick and a that loans might be started injury. them do them great would No one not case intimately knows what connected these of with the nor what has become Presithe note for of the banks are $500,000 which Oberlin dent bank Beckwith says he indorsed for Mrs. Chadwick noon a hurried sumJust was before sent to Dr. Moore, asking Mrs. him Chadwick's mons physician, Amsterdam to call at the New No information could hotel be at obtained once. as to the reason for the summons. Cleveland, Ohio. Dec. 7. - a Ref- moRemington. acting Loeser, upon reeree filed by Nathan has istion for Mrs. Chadwick. all the se ceiver attachment for latter in sued an belonging to the Reynolds. curities the possession is commanded of Ira to Monday appear Reynolds before the the referee stocks. next bonds and Mrs. sewith all him for curities held by The referee has isChadwick. injunction restraining dissued an from transferring or -:Reynolds posing of any of the securities. to ex New York, Dec. 7.-Contrary were taken at an pectations, no steps to determine whethe to th time yesterday the signatures attached the Citizens or not were held by and signe National bank are forgeries, notes that Carnegie of Uberlin bank, an a by Andrew the receiver of the the comp though representing her an currency troller yesterday, a series from during the day in persons attorney Cleveland of the various reached and case wer in o engaged conferences in diffc.ent with sides of the to terested Report Comptroller. in ques Oldham, the attorney last evening r Judge to Washington make a tion, it went is understood, will He d Comptroller a port to the issuance of is warrant nied that for any further he knows. and, templated, as far as Ridgely. arrest the federa note CO understood that brought her be with him, last night, and to me a willingness drew master which It was Carnegie Receiver expresed would States Lyon official submitted or other the to iro hin pe A any United who might call on son interested, took place, however,an last nigh was No conference announcement pas the latest a replica of those for a week (Continued on Page 4.)


Article from The Fargo Forum and Daily Republican, December 9, 1904

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MRS. CHADWICK WAS SENT TO THE TOMBS New York, Dec. 9.-Mrs. Cassie L. Chadwick last night occupied one of the scantily furnished cells in the Tombs. After a fruitless search all day for bail, her attorneys gave up the fight and Phillip Carpenter, her chief counsel, stood in the corridor of the federal building at 9 o'clock when United States Marshal Henkel threw open the double doors of his office and led the woman out on her way to prison. Mrs. Chadwick was wan, tired and almost fainting. She made her way across the hall to the elevator, leaning heavily on the marshal's arm and that of her son, Emil. Behind them came her nurse. Freda Swenson, and Deputy Marshal Kennedy. The party passed through a double row of curious people to a carriage which was in waiting on the Broadway side. They were driven directly to the Tombs. Arriving there Mrs. Chadwick was half carried up the steps and into the building. Warden Flynn met the party and after the usual preliminaries had been attended to the woman asked permission to have her nurse remain with her. This was denied, the warden saying she could have no privileges not allowed other prisoners. Mrs. Chadwick gave a hand bag and a few trinkets to the nurse and whispered some instructions to her son. Marshal Henkel formally turned his prisoner over to the warden and she was taken to the matron's room. She asked to say good night to her SOIN and the lad eagerly rushed to his mother and wrapping his arms about her gave her a long embrace. Then she was led away to the inner office, where her pedigree was taken and she was assigned to a cell. The son and nurse entered a carriage and were driven to a hotel. While lying on a couch in the United States marshal's office awaiting a bondsman, Mrs. Chadwick for the first time since her name has been before the public consented to talk for publication and gave the representative of the sociated Press a statement in which she denied relationship to Mrs. York, of San Francisco, who gave out an interview Wednesday, telling of the early life of Mrs. Chadwick In justice to her son, Mrs. Chadwick said she would not make a statement about "this Madame Devere business" at the present time, but promised that later "Madame Devere's, whereabouts and everything else in connection with this case will be shown." Mrs. Chadwick also told of the Wade Park and Oberlin bank matters. Referring to the failure of the latter institution she said: "I would not like to live a minute, if I did not think I could pay these poor people back." When asked concerning Andrew Carnegie's connection with her financial affairs, she declined absolutely to talk, referring her interviewer to her counsel. To add to her cup of woe it was learned that a charge of forgery would very likely be made against the woman in Ohio, based on the Carnegie notes and other papers given as securities for loans. Practically all interest in the case is centered in conjecture as to what the future will reveal. Men who profess to have an intimate 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 farreaching case of its kind in many years. Already the country has been startled by the disclosures which have followed


Article from The Savannah Morning News, December 9, 1904

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MRS. CHADWICK IS IN CELL AT TOMBS WEEPS IN VAIN FOR BAIL. TIRED, AND ALMOST FAINTING, WOMAN GOES TO PRISON. Half Carried Up the Steps of Building-Nurse Not Permitted to Remain With Her-Mrs. Chadwick Promises to Explain "This Madam DeVere Business"-May Have to Answer Forgery Charge in Ohio. Ham Sandwich Was Her Supper. New York, Dec. 8.-Mrs. Cassie L. Chadwick is to-night occupying one of the scantily furnished cells in the Tombs. After a fruitless search all day for bail, her attorneys gave up the fight to-night and Philip Carpenter, her chief counsel, stood in the corridor of the federal building at 9 o'clock when United States Marshal Henkel threw open the double doors of his office and led the woman out on her way to prison. Mrs. Chadwick was wan, tired and almost fainting. She made her way across the hall to the elevator, leaning heavily on the marshal's arm and that of her son, Emil. Behind them came her nurse, Freda Swenson, and Deputy Marshal Kennedy. The party passed through a double row of curious people to a carriage which was in waiting on the Broadway side. Had to Leave Her Nurse. They were driven directly to the Tombs. Arriving there, Mrs. Chadwick was half carried up the steps into the building. Warden Flynn met the party and after the usual preliminaries had been attended to, the woman asked permission to have her nurse remain with her. This was denied, the warden saying that she should have no privileges not allowed other prisoners. Mrs. Chadwick gave a handbag and a few trinkets to the nurse and whispered some instructions to her son. Marshal Henkel formally turned his prisoner over to the warden and she was taken to the matron's room. She asked to say good night to her son and the lad eagerly rushed to his mother and, wrapping his arms about her, gave her a long embrace. Then she was led away to the inner office, where her pedigree was taken and she was assigned to a cell. First Statement of Woman. The son and nurse entered a carriage and were driven to a hotel. While lying on a couch in the United States marshal's office awaiting a bondsman, Mrs. Chadwick, for the first time since her name has been before the public, consented to talk for publication and gave the representative of the Associated Press a statement in which she denied relationship to Mrs. York of San Francisco, who gave out an interview to-day telling of the earlier life of Mrs. Chadwick. In justice to her son, Mrs. Chadwick said she would not make a statement about "this Madame DeVere business" at the present time, but promised that later "Madame DeVere's whereabouts and everything else in connection with this case will be shown." Mrs. Chadwick also told of the Wade Park and Oberlin Bank matters. Referring to the failure of the latter institution. she said: "I would not like to live a minute if I did not think I could pay these poor people back." Won't Talk About Carnegie. When asked concerning Andrew Carnegie's connection with her financial affairs, she declined absolutely to talk, referring her interviewer to her counBud. This has no doubt been one of the most momentous days in Mrs. Chadwick's history. It commenced with her early departure from her hotel for the federal building, and ended with her incarceration in the Tombs. In the interval she had been arraigned before United States Commissioner Shields and held in $15,000 bail, which she was unable to furnish. All day long lawyers representing her interests had sought in every quarter for some one owning real estate in Manhattan who would sign her bond, and the marshal had. out of sympathy for the woman, kept her in his office hours after she should have been removed. The endeavors of the lawyers were unsuccessful. rendering her imprisonment necessary. May Answer Forgery Charge. To add to her cup of woe, it was learned to-night that a charge of forgery would very likely be made against the woman in Ohio, based on the Carnegie notes and other papers given as securities for loans. Efforts to get ball will continue tomorrow, although Mrs. Chadwick exto pressed Cleveland the as desire soon as to-night possible. to go She paid she would go there voluntarily


Article from The Providence News, December 10, 1904

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# NOTE FOR FIVE MILLIONS. "First, a note for the sum of $5,000,000 bearing the signature of Andrew Carnegie. "Second, a certificate of trusteeship, which states that Andrew Carnegie has in his possession stocks and bonds to the amount of $7,500,000 held by him in trust for Mrs. Cassie L. Chadwick. This paper also bears the signature of Mr. Carnegie. "These securities, supposed to represent the vast amount of $12,500,000, have been for the past three years the principal basis on which Mrs. Chadwick has conducted her financial system, and on which she has borrowed sums, which, it is conceded, run up into the millions and are positively known to exceed $1,000,000. "And these same 'securities' are the rock which has wrecked the Oberlin bank and caused the ruin of hundreds of families and losses to business men almost without number. For it is the frankly expressed opinion of reputable lawyers, who have examined these papers, that they are not worth one cent.


Article from The News & Observer, December 10, 1904

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MRS. CHADWICK INTERVIEWED. A Conversation in Which Carnegie's and Madame DeVere's Names Figure Strikingly. (By the Associated Press.) New York, Dec. -Mrs. Chadwick was interviewed by a representative of the Associated Press tonight as she lay on a couch in the office of United States Marshal Henkel waiting for her counsel to obtain bondsmen for her. She and her nurse and son were in the office with a deputy marshal. The nurse and boy sat beside the weeping woman and were trying to comfort her. Mrs. Chadwick's face was inflamed and she had all the appearance of a woman suffering greatly from nervousness. Mrs. Chadwick's son Emil, was asked if he had seen the statement made by Mrs. York, of San Francisco, relative to his mother's past life. He said he had. "Will you ask your mother if she will see a reporter on that statement made by Mrs. York?' Emil went to his mother, talked to in a low tone for a few seconds her and then came back and said his it. mother would say something about Will Say Nothing of De Vere. Lying on the couch and interrupted intervals by slight nervous tremat ors, Mrs. Chadwick said in reference to Mrs. York's statement: "I have not read all of it. but I will leave it to public opinion and to refined and educated persons what conclusion they might draw when one sister makes a statement like that against another sister. "Mrs. Chadwick, is Mrs. York your sister No. she is neither my sister nor my half sister, nor my sister-in-law. We were reared together. "Will you say anything about her statement that you are Madame De Vere?" 'I have made absolutely no statement about this Madame DeVere business from beginning to end. Out of jus- it tice to my little boy I would not do the present time. I don't think at that any responsible person would pay any attention to a statement made by Mrs. York. 'Everything will/work its way out all right for me and I don't want all. to anything against Mrs. York at say I shall make a statement here in the in near future and also one very Cleveland. The newspapers possibly have written up a great sensation, but De I wish you to say that Madame Vere's whereabouts and everything else in connection with this case will be shown in a very short time. "In justice to my child, I don't think it. right to make any further statement at this time.' I Am Not Her Daughter. "Mrs. Chadwick, it is intimated in the afternoon papers woman you some this young of have but rela- here that with you is not your maid, a tive of yours, possibly a daughter?") The young woman was sitting beside her and she spoke up immediately, saying: "I am not related to Mrs. Chadwick any way; neither am I her maid. in I am her nurse. I ant a graduate nurse of an institution in Stockholm, Sweden, and I am Swedish by birth.' Mrs. Chadwick told of the Oberlin bank failure, saying it would not have oboccurred if the bank could have tained its funds in a Cleveland bank. It could not do so, she said, because the run was on Saturday night, when the Cleveland bank was closed. She continued: "If it had only happened differently the bank would not have had to fail, because the obligation would have been paid. I would not like to live á minute if I did not think I could pay these poor people back. I have asked Emil, my son, if anything should happen to me that he would do everything to see that the obligations were paid.' Silent as to Carnegie Notes. "Mrs. Chadwick, those alleged Carnegie notes have figured so largely that as a sensational feature in this case no doubt the public would like to know what you had to say in relation to that." "Whatever is said about those notes must be said by my attorney, Mr. e


Article from The Minneapolis Journal, December 12, 1904

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CARNEGIE HALED IN CHADWICK CASE Continued from First Page. President C. T. Beckwith of the failed Oberlin bank, has told of the peculiar manner in which he was led to cling to the Carnegie forgeries and to defer action against Mrs. Chadwick. The facts are related in the confession secured at Oberlin last week by representatives of Fedral Attorney Sullivan of this city. Beckwith tells how both he and Spear were beset with fears when they could get no money from Mrs. Chadwick, and realized how deeply the bank was involved. They counseled together as to what course they should take and decided to come to Cleveland and make a last desperate appeal to Mrs. Chadwick. They did so, and she promised to convince them within twenty-four hours that the Carnegie notes were genuine. This was last September, and the two bank officials returned to Oberlin to spend fear. another day between hope and Royally Entertained. The next day they returned to Cleveland. They were received by Mrs. Chadwick as honored guests and were royally entertained. Nothing that could be done for their entertainment was left undone. Mrs. Chadwick showed them thru her house from top to bottom and pointed out paintings and bits of bric-a-brac that she said had been given to her by this or that distinguished person, or that she had purchased on her trips abroad. She pointed out an oil painting of a fine looking, venerable man, and then told them in a whisper that it was a portrait of Andrew Carnegie. But Beckwith and Spear were impatient to get at the real business of their visit and could scarcely conceal their impatience. Finally a maid came in and announced the name of a lawyer from New York. "Ah," cried Mrs. Chadwick, 'now, then, gentlement, I will soon set all your fears at rest.'' Carnegie's Business Agent. They were introduced to the visitor from New York, who she said was acting for Mr. Carnegie's business agent. The lawyer said he was acting directly for "Mr. Frances, Mr. Carnegie 's cashier, and for Frederick T. Baldwin, Mr. Carnegie's head financial man. Beckwith produced the Carnegie note yer. for $250,000 and handed it to the law"Is that Andrew Carnegie's signature? he asked. The old banker and his young assistant anxiously awaited the verdict of the lawyer. The latter examined the note carefully and then looking up, replied calmly: That is Mr. Carnegie's signature." Have you any doubt about it?'' asked Beckwith. Not the slightest, gentlemen, and you need have none either. That note was signed by Mr. Carnegie. Then, said Beckwith, get us the cash for it at once. The solvency the is bank depends on it. Mr. Carnegie of giving away millions in libraries, out. surely he does not need to have a note Extravagant Woman. The lawyer said that Mr. Carnegie knew what a dangerously extravagant woman Mrs. Chadwick was and wanted to do something to save her estate. Beckwith said that Mrs. Chadwick had told him that she had $735,000 in actual cash, held by Mr. Carnegie. The lawyer replied that it was true that she once had that amount, but that she had spent it all and was rapidly consuming her stocks and bonds. The banker renewed his plea for immediate relief and the lawyer answered that he would return to New York at once and lay the matter before Mr. Carnegie. Much relieved in mind the old and his companion returned to Oberlin. man Within twenty-four hours they received a telegram saying that Mr. Carnegie had sailed for Europe and that Mr. Frances and Mr. Baldwin declined to do anything in his absence. The Cuyahoga grand jury will be asked to return an indictment against the New York lawyer, who, according to Beckwith's sworn statement, was of such assistance to Mrs. Chadwick in obtaining the large sums from the Oberlin bank. Already the man's record is being investigated in New York. No. Visible


Article from Yorkville Enquirer, December 13, 1904

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MERE-MENTION. The crop report of the department of agriculture, issued Saturday, shows the wheat acreage to be 31,155,000 a decrease of 1.6 per cent from last year. In the United States circuit court at Mobile, Saturday, Mrs. Malvina Bodden of Selma, Ala., secured a verdict of $2,111 against the sovereign camp Woodmen of the World, on account of the drowning of her husband in the Carribean sea eighteen months ago. Payment on his policy had been refused by the sovereign camp because there was no proof of his death Hugh McLaughlin, for many years leader of the Democratic party of Kings county, New York, died at his home in Brooklyn, Wednesday, aged seventy-seven years Governor-elect William L. Douglass of Massachusetts, has announced that General Nelson A. Miles will be at the head of his staff. Six schoolboys, none more than fourteen years old, killed a Jewish rabbi in Chicago, Friday, by striking him on the head with a snowball containing a rock C. L. Mason, a wealthy coal dealer of Paducah, Ky., disappeared in St. Louis Nov. 19. He had diamonds and money to the amount of $1,700 on his person, and it is believed that he met with foul play Six workmen on a dirt road along the Ohio river near Ashland, Ky., were killed by an explosion of nitro-glycerine, SatThe British steamer Seurday cundra, with a cargo of oil and rice, bound from Madras to New York, was wrecked off the coast of Ceylon Saturday, and seven of her crew were lost. The Bethlehem steel corporation, capitalized at $30,000,000, was incorporated at Trenton, N. J., Saturday, to succeed the United States Ship-building company, now in the hands of a receiver President Hadley of Yale university, has announced his intention to make a trip through the south early next spring, to meet the Yale alumni associations of Georgia, AlaThe bama, Louisiana and Texas special grand jury of Lorain county, O., appointed to investigate the affairs of the defunct Oberlin bank, reported on Saturday that there was not sufficient evidence to indict Mrs. Cassie L. Chadwick, and turned the cases of President Beckwith and Cashier Spear over to the regular grand jury Mortimer Brooks, a New York millionaire, was accidentally shot on a hunting expedition near Pittsboro, N. C., Friday, and his recovery is doubtful. The engagement of Miss Daisy Leiter, daughter of the late Levi Leiter of Chicago, and sister of the vicereine of India, to the Earl of Suffolk of Berkshire county, England, was announced Saturday The three masted schooner Montana, on her way from Baltimore to Charleston, stranded at Pea island, N. C., fifty miles north of Cape Hatteras, Saturday night, with one member of her crew of seven frozen to death, and the other six seriously ill from exposure and exhaustion. The vessel is a total wreck.


Article from The San Francisco Call, December 15, 1904

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MRS CHADWICK LAPSES AFTER SHE HAS ESCAPED FROM CROWD Continued From Page 1, Column 6. Cashier Spear are the same as those Chadwick and Freda, which they saw against President Beckwith. through the carriage doors. IN NO HURRY TO PLEAD. APPEALS TO THE PUBLIC. the gates and formed a line through which Mrs. Chadwick would have to Mrs. Chadwick was taken at once to While being brought to this city pass. the office of Clerk Carleton of the Unitfrom New York, Mrs. Chadwick preWhen the train finally rolled into the ed States court, and there, attended by pared and gave to the press the folstation there was a rush from the farFreda Swansfrom, who came in after lowing statement: ther end of the iron fence that kept her, awaited the arrival of her attorBearing on my side of the story all has not the crowd from the tracks. The mob ney, Kerruish. Nothing was said by been told the people of Ohio. It ought to be had broken through the policè, Kerruish or Mrs. Chadwick concernsufficient proof to you of my good faith that swarmed over the fence and through I face my creditors and accusers. I have lived ing bail, and it was believed by Disin Cleveland for many years and outside of the gate upon the tracks. trict Attorney Sullivan that she would negotiating some large loans, which have all Mrs. Chadwick caught a glimpse of plead to the indictments that had just been paid back in Cleveland, and some things the great crowd which swarmed about been found against her. He went to, that r may have done which may not be conthe train shed and was grouped on sidered good business, I do not think any one the courtroom of Judge Wing on the who knows me will attempt to accuse me of vantage points on the heights sursixth floor to arrange the matter, but any wrong. I ask the people of Ohio to susrounding the station. She instinctively she answered that she did not care to pend judgment until the case has had a full shrank back into a corner of the draw plead at that time, and preparations CASSIE L. CHADWICK. hearing. ing-room and said: were at once made to take her to the Subpoenas for President Beckwith "I cannot see why all these people jail. and Cashier Spear in connection with should be here." When she was about to leave the the Oberlin failure were issued to-day Federal building the excitement was NO FRIENDLY GREETING. by the County Grand Jury which will greater, if possible, than before. The resume its investigation of the bank's After the train had been emptied of carriages, after a few minutes' delay, failure to-morrow. its passengers United States Marshal forced a passage, and once out of the The home of Mrs. Chadwick on EuChandler of Ohio stepped aboard her alley Mrs. Chadwick was hurried away clid avenue was surrendered to Recar, where he was introduced to Mrs. to the jail. She passed through streets ceiver Nathan Loesser to-day and he Chadwick, who asked that she be taken with thronged curbs, only. run the placed a custodian in charge of the ut as speedily as possible. Preceded gauntlet of another mob that had been property. ay Emil Chadwick and Freda Swangathering for hours. Into the jail the NEW YORK, Dec. 14.-That Andrew trom, the nurse, the party made its prisoner was hurried, to the accomCarnegie is willing to appear against ay to the platform and thence paniment of more shouts and jeers and Mrs. Chadwick when his health has grough the dense crowds to a carriage the clicking of photographers' cameras. sufficiently improved was made clear waiting. Sheriff Barry asked Mrs. Chadwick in a statement given out to-day at Although in her own city, no friendly the usual questions. She stated her age Carnegie's residence by his secretary. face greeted her at the car, and Mrs. to be 38 years, her residence as Cleve"Mr. Carnegie's only reason for not Chadwick stepped into her carriage as land and the United States as the going to Cleveland at this time has alif she had been an entire stranger to country of her birth. Mrs. Chadwick ready been given," said the secretary. this community. As soon as she was was then taken to her cell. "His health will not admit of his takrecognized by the crowd there was a The Federal indictments against Mrs. ing the trip save at considerable risk, spontaneous outburst of cheers, whistles Chadwick are five in number. Three as his physician has already said he is and shouts of coarse epithets. Not until of them charge her with aiding and suffering from lumbago. the police were called upon could the abetting officers of a national bank to "He has been willing to make a depoofficers attempt to conduct their prisdefraud the institution and two charge sition at his home and later, on reoner to the carriage in waiting. Shouts her with conspiring against the United of "Here's the notorious." and Where's turn from Florida, hé will lend his asStates. Of the four indictments against sistance and be present to testify at President Beckwith of the Oberlin the money greeted Mrs. Chadwick any, subsequent proceeding, such as a upon her appearance, and as the Bank, two charge him with misapplitrial, whenever his testimony is needviciousness of the mob dawned upon cation of funds of a national bank, one ed. His one and only reason for not her she seemed to grow faint and wavwith conspiracy to commit an offense going to Cleveland now is that he is ered, as though about to fall. against the United States and one with unable to stand the journey in this certifying checks when no funds were The arrival of the woman was specweather." on hand. The indictments against facular in every respect. As soon as


Article from Spirit of the Age, December 17, 1904

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Dec. 9, 1904. FRIDAY, Mrs. Cassie L. Chadwick in unable a cell Tombs in New York, a in secure the $15,000 bail: she makes her 10 statement, attributing and the lengthy troubles to the Newton suit run on the Oberlin bank. Rogers told that Vermont leg- for Mrs. will not interfere; 1905. date islature hanging is Friday, Feb. 3, Jury for the trial of Nan Patter- Atty. completed and Asst. Dist. laying son Rand opens for the prosecution, J. Morespecial stress upon the part played Smith is alleged to have which gan in buying the revolver with was shot. Young of Rome ablaze with illumina of the tions City in honor of the jubilee Immaculate Conception. Grant Rogers, prohibition candidate 1900, in governor of Maine in charge dicted for by U. S. grand jury on Boston of sending defamatory letter to firm of liquor dealers. that Some congressman flatly deny the cause president's massage was section he the slump in stocks; rebate of strong popuiar support. has heavily damage Russian Japanese at Port Arthur: Peresviet Pallada. and ships sunk: battering the exPobieda At least 12 miners killed in an plosion in Washington who the French deputy Syveton, Gen. Andre, found dead think in his it apartments: struck friends refuse to to suicide. James Jeffrey Roche appointed Italy S. consulship at Genoa, Middletown, the U. degree team of initiate. Conn., Eagle charged with assault by found not guilty. Massachusetts state board hears of har arland commissioners state guments bor and for and against the dry dock undertaking. Dec. 10, 1904. SATURDAY, men rounded up in Boston dia- in connection Four with recent $10,000 mond robbery of Capt. Joseph W. Collins, state chairman Death of the Massachusetts & fsheries and game commission. Receivers named for the Neafle Phila Levy Shipbuilding company of delphia. Ex-Policeman William McCloughrey shoots himself at Lowell, Mass. little English children, tagged SaxTwo freight. arrive at Boston Lowell. on onia like and sent to destination, Locomotive smashes into trolley car with young people near Portland, Me.; filled all hurt, several seriously. for commission to examine Ver- conBill of Mrs. Rogers passed senate. by dition house and killed by mont losses in the United States and Canada Fire in the first 11 months of 1904 were $232,941,700. YetSix bank burglars captured near of a through the refusal hay ter, Iowa, to leave the in which stack little yellow dog they had concealed themselves. Fearful fighting in the assault and 28; on Arthur of Nov. 26, 27 by Port of assailants only garrison. equalled ferocity bravery of the and desperate Pallada on fire stern I Crulser the armored cruiser Bayan sunk, sunk; and the transport Amur by the burning, the largest destruction worked Jap guns at Port Artsur. state 8 Prelibinary evidence of the murover in the Nan Patterson gone trial without developing anything submitder materially different from that ted at the mistrial. from William Churchill, n Schooner to Wilmington. N. C., in Nov. hurry 5. with Boston eight men, probably lost cane. Howard Could sued for she $5000 or Mrs. a portrait of herself which 1 for dered and will not accept. S Dec. 12, 1904 of MONDAY. o of crew of fishing schooner five Fish oth Four drowned off Cape Cod, g e. Hawk rowed 18 miles and reached safely Pro ers vincetown, half-frozen; vessel r rode over treacherous bars. n Boston schooners long over in e of due Three given up as lost with 26 lives November hurricane. Is 1. Census bureau reports more boys than girls in this country. S. dborn Petersburg in riot over demon opposi at St. of social democrats in of stration tion to the war and in demand popular opened assembly. heavy fire on Russian used Japs at Mukden; Russians stil is searchlights position and repelled Arthur. advance; d battering ship: at Port p et Philippe Panama Buna-Varilla is not says only possible sea-leve a canal must at ultimately be built: lock plan 1but sufficient till traffic reaches 40,000,000 it 18 tons. Miss Daisy Leiter to wed the earl o et Suffolk and Berkshire. of Lumber contractor shot at Lebanon line e in dispute over a boundary e John Me., Goodwin arrested. nt of American steamer pro al Captain reckless target practic vessels off of tests British against Plymouth Dr. Thache written by accusation Letter who died under the o wGraves, murdering Mrs. J. B. Barnaby Denver. iof Providence, found in cell at Mass of a North Attleboro, preach of clergyman House robbed while he was ing. e he Dec. 13, 190 00 TUESDAY, indictments found against Mr for ve Two aborging Cleveland


Article from The Salt Lake Herald, January 24, 1905

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# WORTHY PHILANTHROPY. CAPTIOUS CRITICS have said of Andrew Carnegie that, while he goes about doing good, he never neg-lects to give his right hand information as to what his left hand is doing, and vice versa. In other words, Mr. Carnegie does good to the accompaniment of a brass band. However that may be, the ironmaster certainly does dispose of a lot of money in the course of a year for charitable purposes, for free libraries and for other good things. His most recent effort does him a great deal of credit. When the suspension of the Oberlin bank that was looted because its president was hypnotized by Mrs. Chadwick was announced, some very bad half-hours were experienced by many students in the Oberlin col-


Article from Sistersville Daily Oil Review, March 7, 1905

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Chadwick Trial May be Finished In Three Days said the directors were not inSpecial to The Oil Review. formed of loans made Mrs. ChadCleveland, O., March 7.-Diswick until the day before the trict Attorney Sullivan stated bank suspended. At the same this morning that he. did not time President Beckwith's action think the Chadwick trial will exwere made known. Directors tend over three days. Court opRandolph and Doolittle followed ened at 9:30 this morning. Mrs. Chadwick seemed anxious and ill with substantially the same evidence, and were not cross-examat ease. Her husband, Dr. Leroy ined. Vice President Marshall, Chadwick, was not in court. Anof the Cleveland First National drew Carnegie was also absent. at bank, testified honoring a $15,000 opening of court. Ernest H. Holtz, check drawn by the defendant a director of the defunct Oberlin and certified by Beckwith. bank, resumed witness stand and


Article from The Evening Statesman, March 7, 1905

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SHE APPEARED NERVOUS AND ILL AT EASE THIS MORNING. A Director of Oberlin Bank Tells How President and Cashier Fooled Them. CLEVELAND, March 7.-When Mrs. Chadwick appeared in court this morning she was seized with nervousness and was ill at ease. Dr. Chadwick was in court. Director Holter, of the Oberlin bank resumed the stand. He said the directors were not informed of the loans to Mrs. Chadwick by President Beckwith until the bank suspended. Director Randoiph testified that the directors met every two weeks when Cashier Spear read what was supposed to be a complete list of loans. He never mentioned the name of Chadwick. Vice President Marshall of the First National Bank of Cleveland, testified that he had known Beckwith and Spear for ten years and Mrs. Chadwick since last May. She kept an account with the bank. The witness explained how Mrs. Chadwick obtained $15,000 on a check certified by Beckwith October last year. The check was charged up to the Oberlin bank. The witness identified the checks mentioned in the indictment. G. J. Prove, who was formerly connected with the Prudential Trust company, testified that Mrs. Chadwick had opened an account deposting the check and two drafts, amounting to $92,000. He also identified the checks mentioned in the indictment. H. H. Avery, bookkeeper in the Ober-


Article from Evening Times-Republican, March 8, 1905

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SHE HAD NO CREDITS. Receiver Lyons Testifies in the Chadwick Bankruptcy Case Today. Cleveland, March 8.-Another large crowd was present when the Chadwick trial was resumed today. Receiver Lyons of the Oberlin bank was again on the stand. He was shown a number of checks drawn by Mrs. Beckwith and said the bank books did not show the woman had money to her credit on the dates the checks were drawn. Also testified Mrs. Chadwick, had no credit on the books when two drafts for $80,000 were drawn in her favor August 24, 1903.


Article from The Fairmont West Virginian, March 8, 1905

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MRS. CHADWICK CAUCED ANOTHER SENSATION TO-DAY WHEN SHE SPOKE IN COURT. (By Publishers' Press.) CLEVELAND, O., March 8.-Mrs. Chadwick was first heard in the case when she interrupted the district attorney just before the close of the morning session. In a threat to bring in the Carnegie note, though he did not mention it by name, Sullivan said the government might try to bring in everything. "That's just what we want," exclaimed Mrs. Chadwick, leaning over the trial table toward Sullivan. Though her voice was low pitched it was heard throughout the court room, and caused a sensation. The interruption received no attention from the court. Mrs. Chadwick smiled and smiled over her exploit. Lyon testified that the two drafts were drawn on a New York bank. Although issued on August 24, 1903, they were not entered on bank books until September, 24, 1903. Lyon said in answer to other questions that when the Oberlin bank suspended its books showed that it had $90,000 on deposit with the First National Bank of Cleveland; in fact the Oberlin bank was indebted to the Cleveland bank to the amount of $17,000.


Article from Rock Island Argus, March 9, 1905

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# CASE IS CLOSED Defense Makes Short Work of it in the Chadwick Banking Trial. # EXPERT IS PUT ON THE STAND Testimony Directly Opposed to That of Bank Officials Examined Yesterday. Cleveland, Ohio, March 9. -The defense in the Chadwick case closed at 10:45. T. C. Doolittle, a bookkeeping expert, gave evidence directly opposed to the testimony of Assistant Cashier Avery and Receiver Lyon, of the Oberlin bank, who said Mrs. Chadwick had neither money nor credit at the bank at the time any of the certified checks were issued. Would Take From Jury. Counsel for Mrs. Chadwick entered a motion asking that the case be taken from the jury and the defendant discharged on the ground that the evidence was insufficient to prove she had committed an offense against the United States. The entire afternoon was devoted to an argument on the motion. Government Closed Yesterday. After presenting its most important evidence against Mrs. Chadwick, the government yesterday afternoon closed its case against the woman. The most important point yet made by the state was gained when District Attorney Sullivan secured the admission as evidence of two drafts aggregating $80,000 issued by the Oberlin bank in favor of Mrs. Chadwick on Aug. 24, 1903. On the same date Mrs. Chadwick obtained from the bank a certified check for $12,500, and Receiver Lyon testified there was nothing on the books of the bank to show that Mrs. Chadwick then had a cent of money in the bank or was entitled to credit. Gets Drafts Without Cash. The drafts were entered on the books of the bank one month and five days after being issued. During this time the books of the Oberlin bank showed the money was held to its credit at the Importers' & Traders' National bank in New York, while in reality it was in the possession of Mrs. Chadwick.


Article from Evening Star, March 9, 1905

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# THE CHADWICK CASE Motion Made to Discharge Prisoner from Custody NOW BEING ARGUED JURY EXCUSED WHILE JUDGE WING MAKES PLEA. Testimony of Bank Officials Does Not Agree—Question of Credit in the Oberlin Bank. CLEVELAND, Ohio, March 9.-T. C. Doolittle, the bookkeeping expert called yesterday as the first witness for the de- fense, occupied the witness stand when the trial of Mrs. Chadwick was resumed this morning. He testified that the entries of $10,000 and $5,000 on the books of the Oberlin Bank, under date of November 3, 1903, were items of credit to Mrs. Chadwick. Similar entries on the discount register showed that the two items were regarded by the bank as being to the credit of Mrs. Chadwick. November 16, 1903, the journal showed the entry of a note of $40,000. This did not appear on the discount register, but the journal entry showed, according to the witness, that Mrs. Chadwick was en- titled on that day to $40,000, either in cash or credit. Other entries on that date showed that an item of $40,000 was depos- ited, though it was not specified by whom. If the cash or certified check was given Mrs. Chadwick on that day, the entries were entire and covered the transactions in a proper manner. The witness testified that the certified check account on the ledger did not show that any of the checks he mentioned had been issued to Mrs. Chadwick. On cross-examination the witness admit- ted that on the date that $40,000 was en- tered on the journal, as being to the credit of Mrs. Chadwick, the ledger showed the same amount credited to the account of Oberlin College. The witness could not state, from the books, whether it was the same transaction or not. A. B. Marshall, vice president of the First National Bank, was called to identify the signature of Mrs. Chadwick on six notes which had been paid by her. Difference in Testimony. On cross-examination he stated that in banking usage the number ident.fying a note should correspond with the number on the bank's discount register. Two of the notes had been properly imbered and four of them had not. This evidence was directly opposed to the direct testimony of Assistant Cashier Avery and Receiver Lyon of the Oberlin Bank, who said that Mrs. Chadwick had neither money nor credit at the bank at the time any of the certified checks were issued. Mr. Doolittle was reconciled for a few moments to testify to some insignificant details in connection with the notes and Judge Wing then declared: "That is all, your honor, we rest our case." "Is there any rebuttal?" asked Judge Tayler. "There is none, your honor," said Dis- trict Attorney Sullivan, and the case, so far as the testimony was concerned, was over. It was announced to Judge Tayler by the attorneys for Mrs. Chadwick that they desired to enter a motion directing a verdict for the defendant. Pending the argument on this the jury was dismisséd with instructions to return at 1:30 p.m. Judge Wing asked that the case be taken from the jury and a verdict acquit- ting the defendant be ordered by the court, on the ground that the indict- ment did not charge an offense, and the evidence did not prove that she had com- mitted an offense against the United States. The arguments by Judge Wing in sup- port of his motion, and that of District Attorney Sullivan in opposition, lasted throughout the remainder of the morning session of court. What Indictment Charges. The indictment against Mrs. Chadwick charges her with "conspiracy to commit an offense against the United States" by illegally certifying checks of the Oberlin bank. The attorneys for the defandant made the words "to commit" the point of at- tack. They contended that, inasmuch as Mrs. Chadwick was not an official of the bank, it was impossible for her to certify checks. It was therefore impossible for her to conspire with others to commit an offense which it was impossible for her to commit as an individual.


Article from The Topeka State Journal, March 9, 1905

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# DEFENSE CLOSES. Bookkeeping Expert Upsets Evidence of Bank Officials. Cleveland, O., March 9.-The defense in the case of Mrs. Cassie L. Chadwick closed its side early today. T. C. Doolittle, the bookkeeping expert, called yesterday, as the first witness for the defense occupied the witness stand when the trial was resumed today. He testified that the entries of $10,000 and $5,000 on the books of the Oberlin bank, under date of November 3, 1903, were items of credit to Mrs. Chadwick. Similar entries on the discount register showed that the two items were regarded by the bank as being to the credit of Mrs. Chadwick. November 16, 1903, the journal showed the entry of a note of $40,000. This did not appear on the discount register, but the journal entry showed, according to the witness that Mrs. Chadwick was entitled on that day to $40,000 either in cash or credit. Other entries on that date showed that an item of $40,000 was deposited, though it was not specified by whom. If the cash or certified check was given Mrs. Chadwick on that day the entries were entire and covered the transactions in a proper manner. This evidence was directly opposed to the direct testimony of Assistant Cashier Avery and Receiver Lyon of the Oberlin bank, who said that Mrs. Chadwick had neither money or credit at the bank at the time any of the certified checks were issued. The witness testified that the certified check account on the ledger did not show that any of the checks he mentioned had been issued to Mrs. Chadwick. On cross examination the witness admitted on the date $40,000 was entered on the journal as being to the credit of Mrs.. Chadwick, the ledger showed the same amount credited to the account of Oberlin college. The witness could not state by the books whether it was the same transaction or not. A. B. Marshall, vice president of the First National bank, was called to identify the signature of Mrs. Chadwick on six notes, which had been paid by her. On cross examination he stated that in banking usage the number identifying a note should correspond with the number on the bank's discount register. Two of the notes had been properly numbered and four of them had not. It was announced to Judge Tayler by the attorneys for Mrs. Chadwick that they desired to enter a motion directing a verdict for the defendant. Pending the argument on this the jury was dismissed with instructions to return at 1:30 p. m. Judge Wing asked that the case be taken from the jury and a verdict acquitting the defendant be ordered on the ground that the indictment did not charge an offense, and the evidence did not prove that she had committed an offense against the United States. The arguments by Judge Wing in support of his motion and that of District Attorney Sullivan in opposition lasted throughout the remainder of the morning session of court.


Article from The Bemidji Daily Pioneer, March 10, 1905

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# TESTIMONY IS CONCLUDED ATTORNEYS OF MRS. CHADWICK'S MOVE TO DIRECT VERDICT FOR DEFENDANT. Cleveland, March 10. The defense in the trial of Mrs. Cassie L. Chad- wick rested its case at 10:45 a. m. and the state announced it would not offer any testimony in rebuttal. The only witness for the defense was T. C. Doolittle, a bookkeeping ex- pert. He testified that the entries of $10,000 and $5,000 on the books of the Oberlin bank, under date of Nov. 3, 1903, were items of credit to Mrs. Chadwick. Similar entries on the discount reg- ister showed that the two items were regarded by the bank as being to the credit of Mrs. Chadwick. Nov. 16, 1903, the journal showed the entry of a note of $40,000. This did not appear on the discount register, but the jour- nal entry showed, according to the wit- ness, that Mrs. Chadwick was entitled on that day to $40,000 either in cash or credit. Other entries on that date showed that an item of $40,000 was deposited, though it was not specified by whom. If the cash or certified check was given Mrs. Chadwick on that day the entries were entire and covered the transactions in a proper manner. Contradicts Previous Testimony. This evidence was directly opposed to the direct testimony of Assistant Cashier Avery and Receiver Lyon of the Oberlin bank, who said that Mrs. Chadwick had neither money nor credit at the bank at the time any of the certified checks were issued. It was announced to Judge Tayler by the attorneys for Mrs. Chadwick that they desired to enter a motion directing a verdict for the defendant. Pending the argument on this the jury was dismissed. Judge Wing asked that the case be taken from the jury and a verdict ac- quitting the defendant be ordered by the court on the ground that the in- dictment did not charge an offense and the evidence did not prove that she had committed an offense against the United States. The arguments by Judge Wing in support of his motion and that of Dis- trict Attorney Sullivan in opposition lasted throughout the remainder of the morning session of court. Arguments on the motion of the de- fense to take the case from the jury consumed the entire afternoon.


Article from The Star, March 15, 1905

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# MRS. CHADWICK ON TRIAL Indictment Charges Her With Conspiracy in Oberlin Case. The trial of Mrs. Cassie L. Chadwick commenced at Cleveland on the 6th, but she ended the first day's proceedings by fainting, after the jury had been selected and testimony commenced. Andrew Carnegie appeared at the trial and he and the prisoner stared at each other. Judge R. W. Tayler announced the indictment charging the prisoner with conspiracy with Beckwith and Spear in securing $67,000 by eight checks on the Oberlin bank, by means in violation of the statutes, the selection of the jury began. Andrew Carnegie was greatly amused when shown the Chadwick $5,000,000 note containing his name, and submitted specimens of his signature to a handwriting expert at Cleveland. The most important point made by the state in its entire case was gained when District Attorney Sullivan after a hard fight with the attorneys for the defense, secured the admission as evidence of two drafts, aggregating $80,000, issued by the Oberlin bank in favor of Mrs. Chadwick, August 24, 1903. On this same date Mrs. Chadwick obtained from the bank a certified check for $12,500, and Receiver Lyon testified that there was nothing on the books of the bank to show that at the time of receiving the drafts and the check Mrs. Chadwick had a cent of money in the bank or was in any way entitled to credit. The drafts were entered on the books of the bank one month and five days after being issued. During this time the books of the Oberlin bank showed that the money was held to its credit at the importers and Traders National bank in New York, while it was, in reality, in the possession of Mrs. Chadwick.


Article from Evening Star, December 22, 1905

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News Briefs. The police at Milan, Italy, have arrested Frederick Bachman of New York, who is said to have been an accomplice in a theft of $5,000. Bachman is nineteen years old. Miss Eliza Read, an eccentric woman, who lived alone on the mountain three miles from Pocahontas, Va., was found dead in her home, apparently having been struck on the head with an ax or club. No clue has been found to the murderer. Land for the site of a new college to take the place of the various Hebrew colleges throughout the country was purchased in Clifton, a Cincinnati suburb Wednesday. Work on the new grounds will begin immediately and the buildings already planned will require an outlay of more than $200,000. Gov. Terrell and Attorney General Hart have acknowledged service of citation, which will carry the cases of J. G. Rawlings and his three sons to the Supreme Court of the United States. Rawlings and his sons, Milton and Jesse, are under sentence to be hanged next month for the murder of the Carter children at Valdosta, Ga., while the third son, Leonard, has already begun the service of a life term for complicity in the same crime. Constable James Cross was held in $500 for the action of the January grand jury on a charge of extortion, preferred by James Skidden, proprietor of a confectionery in South Cumberland, Md. Skidden claims Cross approached him with the statement that he had three cases against him for violation of the Sunday law which he would settle for $15. Cross declares that the money was offered him as a bribe and that he refused to receive it. A decree permitting the reorganization committee of the Ubero Plantation Company, now in the hands of receivers, to apply the assets of the company to the plan of reorganization and terminating the receivership was issued in the United States circuit court of Boston Wednesday. Gov. Douglas, Gov.-elect Guild and the members of the executive council of Boston Wednesday signed an illuminated memorial to be presented to Congress, urging the senators and representatives to save the frigate Constitution. The memorial, which is very massive, will bear the signatures of citizens of the commonwealth. Premier Fejervary had an audience with Emperor Francis Joseph at Vienna Wednes* day, and tendered the resignation of the entire Hungarian cabinet. It is understood that Baron Fejervary desires to ob. tain an expression of confidence from the emperor, in which case his resignation probably will be withdrawn. J. E. St. John, for more than twenty years superintendent of the Michigan Industrial School for Boys, in Lansing, died suddenly Tuesday night, aged fifty-seven. The board of directors of the Lehigh Valley railroad Wednesday declared the regular semi-annual dividend of 2 per cent on the common stock, payable January 3, to stockholders of record December 30. A semiannual dividend of 5 per cent was also declared on the preferred stock. The directors of the Reading railroad Wednesday declared a semi-annual dividend of 2 per cent on the common stock, payable February 1 to stockholders of record January 15. A resolution abolishing passes on the lines of the company after December 31 was adopted. Dr. George W. Atherton has asked to be relieved of the presidency of the Pennsylvania State College, and a committee of trustees has been appointed to look up a successor. III health is given as the reason. Dr. Atherton is past sixty-eight years of age, and has been president of the college since 1882. The supreme court at Buffalo, N. Y., yesterday. approved of the offer of $640,000 for the remaining live assets of the defunct German Bank, made by a Chicago concern. There was no opposition. This will give the bank's creditors a total of about 75 per cent of their claims. All the Italians and other foreigners employed at the gates and crossings along the entire West Penn division of the Pennsylvania railroad will be replaced shortly by Americans. No cause is given for the change, but It is said a higher grade of efficiency is desired by the railroad company. Several hundred foreigners will be affected. Rumors that the Oberlin (Ohio) Banking Company held Walsh paper started a run on the bank there yesterday. The directors declare the rumor is absolutely false.


Article from The Stark County Democrat, December 26, 1905

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RUN STARTED ON OBERLIN BANK BY FALSE RUMORS. Story That the Bank Held Walsh Paper Caused Withdrawal of Deposits. Oberlin, O., Dec. 21.-Rumors that the Oberlin Banking company held Walsh paper started a run on the bank late today. The directors declare the rumor is absolutely false. In a statement tonight Cashier Loveland said: "The bank has no Walsh paper, not a dollar's worth and never did have, Neither has it any paper in which Walsh is in any way interested. We are ready to meet all demands, as we have plenty of currency on hand. Today the deposits were up to the average." It was evident that the rumors had been circulated in the country for most of the depositors who withdrew their money were farmers, with a sprinkling of townspeople.


Article from The Daily Tribune, February 5, 1906

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This Date in History. 1556-Truce for five years signed by Germany and France. 1674-Bishop Thomas Tanner born. 1757 -English won the battle of Plassey. 1788-Sir Robert Peel born. 1801-Resignation of William Pitt. 1810-01e Bull, famous violinist, born. Died Aug. 17. 1880. 1811-Dwight L. Moody, temper. ante evangelist, born. Died Dec. 22, 1399. 1941-Pennsylvania bank suspended 1855-Gold discovered in Kern river, California. 1865 -- Battle of Hatcher's Run Virginia. 1874-Gen. Sir Garnet Wolsoley entered Commassie. 1875-The amended civil rights bill passed the house of representatives. 1885 General Gordon killed. 1887-Verdi's opera, "Othello," produced in Milan. 1891-President Harrison proclaimed reciprocity with Brazil. 1892-Rare conjunction of Jupiter and Venue after thirty years. 1894-Vaillant, the_anarchist bomb thrower, guillotined in Paris. 1895-Mrs. Oharlotte E. Brown. first president of Federation of Woman's clubs died. 1905-0. D. Beckwith. president of Oberlin bank wrecked by Mrs. Chadwick's frauds died. QUIOLAUNESSENSS-Dr Bell'