“Greed in the Gilded Age: The Brilliant Con of Cassie Chadwick” is a nonfiction book focusing on Cassie Chadwick, a Canadian drifter who pulled off one of the greatest cons in American history by claiming to be the illegitimate daughter and sole heir of steel titan Andrew Carnegie.
The book consists of a note to the reader, prologue, introduction, thirty-five chapters, notes, selected bibliography, an index, and information about the author.
In “A Note to the Reader,” author William Elliott Hazelgrove shares that prior to this book, there was nothing written about Cassie Chadwick other than a fictional account in the 1970s. Considering the high-profile nature of the legal trial involving Chadwick and a connection to legendary steel titan Andrew Carnegie, this book was built on by Hazelgrove accessing thousands of newspaper articles written back in the early 1900s when her con began to unravel.
In the prologue, Hazelgrove shares how Cassie Chadwick was arrested for bank fraud on December 8, 1904. Chadwick had purportedly conned at least $2 million ($100 million in today’s money) from unsuspecting bankers. Adding to the shock of a woman embezzling so much money was the fact that Chadwick claimed to be the illegitimate daughter of Andrew Carnegie, one of the wealthiest men during that time period.
In the introduction, “The Gilded Age,” Hazelgrove details how the term “The Gilded Age” was created by Mark Twain to refer to the period after the Civil War from 1865 to 1890. Twain also used term “The Gilded Age” also to refer to a thin layer of gold overlays on a cheap surface like wood. Shortly after naming the new time period, Twain published a book “The Gilded Age: A Tale of Today” in which he described the time period as an age of robber barons and political bosses, of obscene wealthy gained and disposed of with little regard to how poor people live.
Elizabeth “Betty” Bigley (later known as Cassie Chadwick) was born in Woodstock, Ontario in 1857. Although Elizabeth was referred to as an ugly duckling, had a lisp, and was slightly deaf, she has a smile that would make men her whatever she wanted. Elizabeth devised her first criminal scheme at the age of thirteen by writing a letter saying that an uncle had died and left her a small sum of money. After a few months of success, she was arrested and warned to never do that again.
Nine years later, Elizabeth enters an Ontario bank and has refined her original con of a dead uncle leaving her an inheritance. Elizabeth’s con is based on her knowledge that banks would lend money on the promise or perception of wealth. Likewise, Elizabeth learns than men can be easily swayed by rouge, powder, and perfume. By bringing the banker a signed document and dressing in fine clothing, this implied that Elizabeth had the means to repay the money she was borrowing. Due to lax banking regulations, no one questioned the validity of Elizabeth’s credit worthiness. Elizabeth feels she belongs in the world of wealth, luxury, and opulence, not that of her current home life of poverty and child rearing.
Background is provided on Andrew Carnegie including that he emigrated from Dunfermline, Scotland, and that by working his way up from a lowly railroad clerk, he eventually becomes a titan in the steel industry and one of the United States’ first millionaires. During “The Gilded Age,” two percent of families in America owned one-third of the wealth in the country, the top ten percent owned the remaining two-thirds of all the wealth while the poor had no wealth at all.
Chapter one, “The Trial of the Century,” Following begins on March 9, 1905, with Theodore Roosevelt being sworn in as President of the United States while the trial of Cassie Chadwick begins in Cleveland, Ohio. Ironically enough, the newspapers of the day gave more focus on Chadwick’s trial dubbed “The Trial of the Century” than to the new president’s inauguration.
When Andrew Carnegie attends the trial to face Chadwick, he is shocked by the madness of the trial as well as the woman who claimed to be his illegitimate daughter. Due to Chadwick’s con, this caused Ohio banks to become chaotic, another bank to declare bankruptcy, reputations are ruined, men are imprisoned, and a man dies.
The country is captivated by how despite Cassie Chadwick being an emigrant woman without an education was able to obtain millions out of nothing and is viewed as either brilliant or insane.
As the book progresses, details are provided in how Chadwick started illegal activities from a teenager through forgery and as an adult, continued illegal activities even after serving prison time. Despite several stints in prison, Chadwick’s greed led her to creating her biggest scheme yet: presented herself as Andrew Carnegie’s illegitimate daughter, saying that he was paying her hush money, and used his reputation and clout to borrow money from banks with fake signed notes.
The book ends with Chadwick being found guilty of numerous charges related to bank fraud and forgery. Even after being found guilty due to an overwhelming amount of evidence, Chadwick still declares her innocence. On 27, 1905, Chadwick is sentenced to prison for a max of fourteen years but two years later, she dies of neurasthenic or nervous collapse. Hazelgrove closes the book by highlighting how the Gilded Age could make honest men push their morals aside exchange of becoming millionaires. To me, the main reason why Chadwick’s crime was so shocking was that up until the 1900s, it was assumed that women were simpletons and unable to have independent thought. Through Chadwick’s criminal enterprise, men and the country as a whole learned that women could be just as smart and cunning as a man by using their avarice against them.
As I finished reading the book, I liked how Hazelgrove alternates the lives of Chadwick and Carnegie. Despite not agreeing with what Chadwick’s con, I do admire her using her feminine charm to dupe men who were duping her as a woman using their banking services. Likewise, I liked how Hazelgrove interweaves Chadwick’s story with historical milestones of the day including the introduction of automobiles, incandescent light bulbs, the first mail order catalog in 1872, the instance of a flying machine by Orville Wright in December 1903 and the Panama Canal in 1905.
Overall, this was an enjoyable read since Hazelgrove creates an entertaining and engaging book interweaving the story of Cassie Chadwick and events occurring during The Gilded Age such as the invention of the light bulb, the first department store and mail order catalog, and the first instance of human flight by the Wright Brothers.