The Montgomery advertiser., 1906-09-02
EARLE PROBES DEEP
RECEIVER WILL FIX RESPONSE.
 BILTTY FOR CRASH.
Engaged Attorney to Render Legal Opinion as to Who Failure of Trust Company is
 Up To.

Philadelphia, Sept. 1.-Prompted by the discoveries he has made fin the in- vestigation thus far made, George H. Earle, receiver of the Real Estate Trust Company has engaged attorney John c. Johnson to render a legal opinion as to the responsibility for the col- lapse of the bank.
 Upon Mir. Johnson's findings will de- pend the question of suing the direc- tors ard MT. Earle is frank in the statement that he will proceed against any man whom the attorney declares liable.
 Suits will be entered, declared Mir. Earle, SO as to collect every asset of the company Asked If criminal pro- ceedings were contemplated. Mir. Earle replied that that was question for the District Attorney to decide
 "The deeper I probe into the affairs of the company" added MT. Earle. the worse find them. Conditions are simply in chaotic state. I cannot even make guess as to the exact state of affairs.
 "The banking department is wholly entangled.
 "The trust funds which I heretofore thought were intact have been tamp- cred with and $50,000 taken. This sum is distributed among the $26,000,00 the company had in trust and the loss will not be heavy to any one of the trusts involved. That is the only irregularity I have found in that department.
 Mir. Earle today opened the Nipple safety deposit box, but nothing was found that would aid in clearing up the Hipple-Segal transactions.
 The creditors of the Real Estate Trust Company which failed last Tues day are still without any definite know ledge of the true condition of the in- rV.. Al. best Information they can obtain from the receiver or the directors Is that they believe the depositors will get most of their money back.
 Receiver Earle is giving considerable attention to the matter of responsibil- ity for the condition of the trust com- pany There are rumors of criminal prosecutions, but thus far nothing has been done The depositors generally failure to acquaint themselves with the bad condition of the company and the directors in turn want to know from certain of the officers why they did not inform them of President Nipples transactions.
 The Rev. Dr. William Henry Rob erts. Stated Clerk of the Presbyterian General Assembly, has made formal application to the receiver to examine the securities of the trustees of the General Assembly. These were in the custody of President Nipple and they amount to nearly $1,000,00o. The re- ceiver is particularly anxious to open the strong box and desk of President Nipple but does not want to do so in the absence of representatives of the late President. He has therefore noti- fled the attorneys of the Nipple family of his desire.
 The report that certain directors and their relatives withdrew their accounts from the trust company after they knew it was insolvent and denied by officers of the institution. Samuel F. Houston. the President. says that when the company failed the imme- diate families and relatives of the di- rectors had on deposit S449.775. This money. he said, is tied up with that of the other depositors.
 Desiring to remove with his step mother from the scene of the recent tragedy, F. Wharton Nipple. son of the dead president. has decided to dis pose of all the household effects now at their country home in Bryn Mawr and at their town house