The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-08-29

Estate Trust company has been fnvolv-
ed in all Of them to some extent.
Built New Town.
One of these big enterprises was
building operation at Altoona, Pa.
SegaI secured a large plot of ground
and planned the new town OF South
Altoona. 1t was planned to erect $50
houses. built in rows, city style Peo-
pie here did not take kindly to this
method of living.
Few of the completed dwellings
were sold and few rented. Most Of
them are idle today.
Segal is 6 years of age, about feet
10 inches in height. Directness and
directly to the point of proposition
he had to present to man are said
to have been the means of his success.
He has made many friends and has
spent money lavishly.
George P. Earle, jr.. who has been
appointed temporary receiver of the
Real Estate Trust company, Is one Of
the best known figures in the financial
world and has had experience in
strengthening out the tangled affairs
of number of financial wrecks. He
is president of the Pennsylvania
Warehousing & Safe Deposit company,
the Finance Company of Pennsyl-
vania Market Street National bank
Banks Ready for Runs.
Every banking house in Philadelphia
was prepared today to meet any de-
mand made upon it.
Although no institution other than the
suspended company required assistance
offers of aid We're conveyed from bank
TO bank by the larger concerns outside
the city and large sums Of money ar
rived here today. A crowd of deposit
tors gathered early at the corner of
Broad and Chestnut streets H.
ing the handsome skyscraper in which
the distressed concern is located. A
squad of policemen surrounded the Of
fees and kept the people back. There
was no attempt at a demonstration.
A distressing feature of the disclos-
ures regarding President Nipple was the
crushing blow that fell upon F. Whar-
ton Ripple. son of the dead man. Young
Nipple is employed as a clerk by the
Real Estate company and all day yes
terday While rumors were flying all re-
necting upon his fathers name he stuck
manfully to his desk
The local stock market showed some
recovery at the opening today from the
drop which followed the announcement
OF the banks failure yesterday.
The Presbyterian Fund
Inquiry today among prominent au-
thorlties of the Presbyterian church as
to the amount of church money in
volved in the failure showed that the
sum will not exceed 81, 600. The work OF
the Presbyterian church in the United
States is carried on by eight general
boards with the general assembly as the
central body. But three of the bodies
have headquarters in this city, those on
education, ministerial, relief and publ
cation. The funos Of the other five are
deposited elsewhere.
trustees money amounting to 1868, 1853 /
is invested in mortgages. bonds and
other securities and an examination of
these show that they are all intact
John H Converse, chairman of the
trustees of the general assembly and d
stockholder in the trust company, said:
This $4,000 it must be understood is not
a total loss. I firmly believe the deposit /
tors will receive most of their money
back
At the offices of the board of minis |
terial relief it was announced that the |
benefieiaries Of the board would not |
lose cent nor would their payments BE- !
delayed a day. There are ample funds |
on hand to meet all demands
The women's foreign missionary socie-
ty has an account of several thousand |
dollars with the trust company.
Nipples VIII.
The will of the late president Frank !
K. Nipple was filed today The docu- /
ment was executed July 1, 1906, and is
brief.
I, Frank K. Nipple. do hereby give. |
bequeath and devise all my estate, real, /
pSAo OAdl anu ul1Aeu, unto my son, FRANK /
Wharton Nipple, his heirs and assignees, |
knowing that he Will give one-han |
thereof to his Aunt Sallie. if she be liv- |
ing, and I hereby appoint my son to be /
the executor of this will
The son qualified.
The estate is valued as follows: Per
sonal property, 100000 and upwards !
real estate, $50 000
The son had a rough experience to- /
day when he emerged from the bank |
building. A man in the crowd saw him |
and shouted: There goes the son of /
the rogue who said he had no faith in |
men who smoke cigars and chew to-
bacco"
Immediately a mob took up the cry and !
made a rush for young Nipple, but the |
police succeeded in beating the mob |
back and rescuiug the frightened man