The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-08-30
Early Suspicious Regarding the
Death Of the Financier
Are Confirmed by the Coroner
and the Physician.
BLEW OUT HIS BRAINS
Facts We're Suppressed in In
terest Of the Business.
Company Held Funds Amounting
to S26, 100000.

Philadelphia. Aug s0-The suspicion
entertained that Frank K. Nipple, presi-
dent of the embarrassed Real Estate
Trust company, who was found dead at
his home in Bryn Mawr, Pa, last Fri
day committed suicide was confirmed
today by Joseph N. King, coroner Of
Montgomery county. When he made the
announcement DR.. Albert K Read. the
coroner's physician, was standing near
and he added:
You can say that Mr.. Nipple blew
out his brains"
Bryn Mawr Friday morning to investi-
gate the sudden death Of Mr.. HippIe L
found that he was the president of a
trust company and when 1 discovered
that he had committed suicide I decided
to suppress the fact for a few days in
order to prevent a run on the trust com
pany. I thought that if there was any
thing wrong in Mr.. Hipple's transac-
uons the directors would have a chance
to make up whatever defects there
Were.'
The coroner stated that Nipple had
placed the muzzle of a SO caliber re-
The ball passed upward and lodged in
the brain. The shooting took place in
the bath room. The suicide arose short
~ before 6 o'clock and Mrs. Nipple was
of the opinion that her husband was
taking bath. When he did not re-
turn to his room inside Of half an hour
Mrs. Nipple became alarmed and made
an investigation. She found her hus-
band lying on the floor in the bath room
Held $26, ,OOO, 600 in Trust.
Now that Receiver Earle has taken
charge of the Real Estate Trust COM
IL
last Tuesday because of shortage Of
about 81, ,000.0 600 it is expected that many
matters in the affairs of the company
that are not clear to the directCBs or de-
positors will soon be explained. Mr..
Earle has placed a staff of mis- own
clerks at work. Among the first things
to be done will be the opening of the
strong box which belonged to the late
Frank K. Nipple. Ne one. it is said.
knows what it contains, but It is hoped
by the receiv yer that its contents viii be
such as to be of some aid to the receiver
in Strengthening out the affairs of the
company
The receiver reiterated today to many
anxious inquirers that on hurried ex-
animation of books and papers he feels
quite certain that all securities and
trust funds not belonging directly TO
the trust company itself are intact.
The company had charge of trust
funds and estates valued at more than
s26 600, 600.
There is much talk among certain
fnanciers and others of the possibility
of the rehabilitation of the company,
but no feasible plan has come to light.
What the plan is, Mr.. Earle will not
divulge It is thought. however, that
his plan would be to operate the num-
erous enterprises promoted by Adolf h
Segal. who borrowed more than five mil
lion dollars from President Nipple to
carry on his operations. the revenue de-
rived to be placed to the credit of the
company's depOsitors. Tt is almost Ger
tain that the financial interests of the
! city will not be a party to any plan to
place the trust company on its feet.
Mr. Converse is authority for the
statement that the loans made to in
terests other than Segal's even if they
had been bad, would not have affected
the company in the least
The failure was due entirely to the
| loans to Segal.