The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-31
1BANKER IS
)[D EMBEzzLER
Of Real Estate Trust
suy Will Be Asked
to Take Stock.
INNER THEY
SkY RECEIVE PAYMENT
'Ifion Now That Presi-
frank K. Nipple De-
;lrstely Ended Life.

, '<6e list Of securities held by
Real Estate Trust company
|oued the fact that Frank
nfesident Of the institution,
4 led suicide, was an embez-
kority for this statement is
Earle, Jr., receiver for the
nav. Mr.. Earle declined to
,ocurities are missing, but he
Hat Nipple had hypothecat-
\ xorth OF the paper, securing
the securities, which he
ned. Receiver Earle further
. .tst President Nipple embez;
/ -5.0O0. 900 he loaned to Adolf
0rornoter. These loans, Mr..
he'd, were personal transac-
!. rh made in the name Of the
directors had no knowledge
,onsequently the money was
Hipple, ;" said Mr.. Earle.
Enterprise in which the dead
rns financially interested was
today, when 1t became
he was one of the incor-
Miss Wright's Select School
nc Bryn Mawr, the suburb
ipple had his summer resi-
s other incorporators were
Wharton Nipple, and Miss
he latter FIVE years ago be-
|1e school at Bryn Mawr.
he acquaintance of Mr.. Hip
1ter, now dead, and Mr.. Hip
ed a friendly interest in
rear Miss Wright purchased
I ne building at Bryn Mawr.
it is said, Of 100000, and
her select school.
init said today that Mr.. Hip
The Institution two or three
~. His last visit was made,
% Miss Wright, on Thursday
of last week, the day before
killed himself. In an inter
Receiver Earle reiterated
|on to a permanent receiver
e trust company. This pro-
declared, would deprive the
- trust funds, which are
most valuable assets. If all
er Segal's enterprises are
az his sugar refinery, he
operation by the depositors
uore fruitful of results than
Method. and he believed
cch q plan the depositors
we dollar for dollar.
Receiver Earle has taken
ne Real Estate Trust com
city, which closed its doors
"a because of a shortage Of
Wp0, it is expected that
efa IN the affairs of the com
are not clear 10 the directors
y will soon be explained, Mr..
placed a staff of his own
ork Among the first things
Wni be the opening of the
Fhich belonged to the late
,pe No one, it is said. knows
'3lns, but it is hoped by the
n It's contents will be such
eome aid to the receiver to
out the affairs of the com
xust Funds Intact.
7er reiterated today to many
4iyers that On a hurried eT-
q books and papers he feels
'n That all securities and
not belonging directly to
rqpany itself are intact. The
q charge Of trust funds and
1ueo at more than $4,000
much talk among certain
99 others of the possibility
*pihtation Of the company.
loie plan has come to light,
plan Is, Mr.. Earle will not
n thought, however, that
oulq be to operate the nu-
,vprlses promoted by Adolf
pofrowed more than $4,000
resldent Ripple to carry on
:, 2ns the revenue derived to
~ .ne credit Of the company's
~ Is almost certain that
|, interests of the city will
10y 70 any plans to place
mpany on its feet.
Z, ssse is authority for the
nM the loans made TO in
~, tnan Segal 8, even if they
o would not have affected
IN the least, The failure
lciy to the loans to Seeal,
slon entertained that Frank
resident of the embarrassed
,y trust company, who was
~ MS home in Bryn Mawr
committea suicide, was con.
: Dy Joseph n. King. Cor,
entgomery county. When he
& pnlouncement, DR.. Albert K.
3 l,.a aSoronsr's physician, was
ear and he added: az
sv Out His Brains.
Guy that Mr.. Hipple blew
y oner said:
went 70 Bryn Mawr Sat.
/;n 70 investigate the deati,
JsPpie, | found he was e The
~ trust company and wber
'y;5..dn .nat he had committed s1;,
y vu 70 suppress the fact fo,
! IL, - order to prevent a rur
sFss ssompany. [ thought thai
2; rsn anything wrong in Mr.
~ taap"ssaetions, ! the director,
~ tSnc teSnance to make up what
. ner stated that H;nnIo b..
muzzle OF a 3s.caYHieeo Yie mac M
) bassed1 1oaith and shot himself
= TSas Upward and lodged il
The suicide arose short
s ~ thstd had h hMrs. Nipple was O