Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-30
SHOT WAS FIRED INTO MOUTH.
Facts at First Were Suppressed
To Prevent Run on Real Es-
tate Trust Company.
Receiver Earle VIII Open His strong
Box To See What II Conlains--Smal1
Prospect of Setting Concern Up.

Philadelphia, Aug 3O.-The suspicion
entertained that Frank X Hipple.
president OF the embarrassed Real
Estate Trust company. who was found
dead at his home in Bryn Mawr last
Friday committed suicide, was con-
firmed today by Joseph \. King, cor
oner Of Montgomery county. When he
made the announcement, Dr. Albert X.
Read. the coroners physician, Was
standing near and he added.
You can say that Mr. Nipple blew
out his brains"
The coroner said.
When | went to Bryn MaWr Satur-
day morning TO investigate the death
OF Mr.. Nipple, | found he was the
president OF trust company aud when
discovered that he had committed
suicide | decided 20 suppress the fact
for few days in order to prevent a
run on the trust company. | thought
that II there was anything wrong In
MT Nipples transactions, the directors
would have chance to make up
whatever deficits there were"
The coroner stated that Nipple had
placed the muzzle of a SS-caliber re-
yolver In his mouth and shot himself
The ball passed upward and lodged In
the brain. The shooting took place in
the bath room The suicide arose
shortly before six 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.
Now that Receiver Earle has taken
charge Of the Real Estate Trust COM
pany OF this city which closed its doors
last Tuesday because Of a shortage Of
about 100000, II Is expected that
many matters In the affairs OF the COM
pany that are not clear TO the directors
or depOsitors Will soon be explained.
Mr. Earle has placed stan of his
own clerks al work. Among the first
things 10 be done will be the opening
Of the strong box which belonged tn
THE late Frank Nipple, No one, II Is
claimed. knows what II contains, but u
Is hoped by the receiver that its con-
tents viii be such as ia be OF some
aid TO the receiver to straighton 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 recurlties and
trust funds not belonging directly 10
the trust company itself are intact. The
company had charge Of rust funds and
estate valued az more than $4,000 600.
There is much talk among certain fin
anciers and others Of the possibility Of
the rehabilitation OF the company. but
no feasible plan has come 10 light
What his plan IT, Mr.. Earle will not
divulge. II Is thought, however, that
his plan will be 10 operate the numer-
Gus enterprises promoted by Adolf Sc.
gal. who borrowed more than Ave mil
Hon dollars from President Nipple 70
cnrry on his operations. the revenue de-
rived to be placed 90 the credit OF the
company's depositors, II is almost GER
tain that the financial interests Of the
city win not he party 10 any plans
10 place the trust company on It's feet.
Mr.. Converse Is authority for the
statement that the loans made 10 in
tcrests other than Segal, even II they
had been bad. would not have affected
the company in the least. The failure
was due entirely 20 the loans 10 Segal.