The daily morning journal and courier., 1906-09-10
REGARD S77,OOO NOTE I AS SUSPICIOUS FIND
BEARS SIGNATURE OF MAN DEAD FOR THREE
 YEARS.

strict Attorney Bell and Receiver sEnrIe Fear More Bad Finance--Di- 5rectors of Real Estate Title Company Of Philadelphia Unanimously Approve SReceiver's PrOpOsal--DetaiIs Expected lat Meeting To-day.
 Philadelphia, Sept. 9.-A note which regarded with suspicion by District torney Bell and Receiver Earle has Zen found among the papers of the srecked Real Estate Trust company is for $77OO0 and bears the signature Joseph A. Baker, who has been dead 8ree years. The loan is secured by O,oOO in first preferred per cent ids of the Champion Iron and Sep tor company, one of Adolf Segals ly enterprises.
 was in the real estate business pme time that Segal was con a brokerage business. They Sse friends. Members of Bak- Ely profess entire ignorance re- gthe note. In view of similar r large amounts secured by Is collateral, and signed appar- fictitious persons, MT. Bell and Earle express the fear that e may be another evidence of wildcat financiering.
 the directors of the Real Estate sompany, which was wrecked by idle president, Frank H. Nipple sally through heavy loans made If Segal, a promoter, on flimsy Bal, have agreed to Receiver plan for reorganizing the com To-day MT. Earle received tel from Dr. s. Weir, Mitchell, the lsmber of the board of directors saway from the city, agreeing to position that the directors con the amount deemed necessary receiver. Dr. Mitchell expresses Angness to bear his portion of aen. The other directors had Ny assented to the plan.
 er Earle spent to-day at his Rryn Mawr working on the de- proposition, which he hopes to present to the directors He also expects to call a ,ting of stockholders and de- Tder to thoroughly acquaint A}iis purpose He said:
 bt in a position at present to Ing more definite than has all In published concerning my h, but I wish it understood directors in signing the agree b pledged themselves to raise 1t which consider necessary Nv is given absolutely, without { return or security. They are b the money from their owr b make up the losses which sustained through the bad hs."
 s made to Segal by President fgregate more than $5,000,O00 iecurities are believed to be but $2,000 GOO. Consequently brs. will subscribe something 8, ,OO0, ,0O0. It was said that Re Segal securities, which are las of little value, would be the directors for the money by them. Receiver Earle de. 3e was emphatic in his denia sished statements that he ha( 8certain men for the office ot 7of the reorganized company Never suggested anyone" ht "That is neither my province ss. Every man who has force be president must have some End if his name is connected Elan 1t would invite their hos ae stockholders should hayt Twill in this matter"
 &1ent issued tonight by Rev s. stated clerk of the genera of the Presbyterian church that, in addition to the $SO,0O 1t funds of the trustees of tn ich were lost in the collapse mounting to about $130,0OO ar ed. These deposits were tn nds of the board of minis f, the trustees of the boar' ton and Sabbath school work es of the general assembly clerk of the general assem Womens Foreign Mission ERNOR STOKES ILL.