Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-08
FRENz|ED FINANCE
BEYOND COMPARE
IN REALTY DEAL
Probers Amazed at Depth OF
Nipples Perfidy.
BOLD IN MANIPULATION
BOLD IN MANIPULATION
Adolph Segals Loans Through Nipple
Amounted to s., 800, 900.
ONE PER CENT DIVIDEND
Recommended to the Directors Be-
cause Of the Prosperity Of Company
Earle May Be President.

The deeper the probers go into
the Realty Trust smash the more
evidence of a criminal character is
piled up. Adolph Segal is i'll at the
Hotel Majestic, where he occupies
a magnificent suite of rooms. 1t
transpires now that he borrowed
no less than $5,3oo,ooo from the in
stitution which may resume at any
time soon. The directors want Re-
ceiver Earle to take the presidency.
PHILADELPHIA. September S-While
the state bank examiners are going through
the books and papers of the wrecked Real
Estate Trust Company, looking for further
evidence of criminality, Receiver Earle is
busy perfecting his plans to reorganize the
company. The plan suggested by directors
provides that Mr.. Earle shall take the
presidency of the institution, but he is
strongly disfnclned to assume that respon-
sibHity because of his numerous other busi-
ness interests. He is now the president of
four local financial institutions. If he does
accept the leadership of the Real Estate
Company, he says. 1t will be only at the re-
quest Of the depositors and after other men
he has in view shall have declined to take
the place.
All the directors said today they fully ex-
pect the institution to resume business
within two weeks and are confident those
now opposed to the suggested plan for re-
VIII accept 1t after 1t is ex-
planned to them.
nn11 T~->-kS-.kS~-
District Attorney Bell continued his in
dependent investigation today. He said.
that he is relying to a consider
able extent on the investigation being made
by the states experts, as the tangled at
fairs of the institution are getting too deep
for a mere lawyer" The state viii turn
report Of its findings. and II any criminal
evidence Is contained therein. he declares
he will Immediately cause the arrest of the
guilty persons. .,.
Particular attention Is being paid to the
acts OF the executive committee OF the
board of directors. 1t was this committee
that signed the false reports made to the
state banking department. Whether the
committee was aware that the reports were
false Is yet to be determined. These re-
ports were sworn to by VIM. F. North, the
treasurer OF the trust company, who Ii
trial on the charge of perjury.
The deeper the probers go into the affairs
Of the ruined company the more amazed
they become at the holiness of its late
president. simultaneously with the looting
of the bank and when 1t was apparently on
the verge Of collapsing, Nipple would do
to boost the credit of the COM
pany and hoodwink the directors.
Wanted an Extra Dividend.
1t was disclosed today that he had rec
to the directors the payment Of
a per cent extra dividend on the stock Of
the trust company last July because of the
great prosperity of the institution. At the
same time he asked the directors to increase
the salary of certain employees so that they,
too could share in the prosperity.
Adolph Segal, who succeeded in borrow
ing $5,30O0OO from the institution through
Nipple is Ill in his magnificent apartments
at the Hotel Majestic. which he owns. His
is not serious.