The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-29
SUAVE SOAP WORKER BLAMED
Ado1ph Segal, Once Laborer, Handled
Millions of Banks Cash.

Phiadel phia, Aug. 2e.-Today the
name of Adolph segal, investment in
whose enterprises is said to have been
the cause Of the closing yesterday Of
the Real Estate Trust company, fol-
lowing the sudden and mysterious
everybody in Philadelphia.
Segal g rise, from toiler over a soap
cauldr0n in 10x12 cellar in West
Philadelphia, less than twenty years
age, to a Handler Of millions Of dol
lars, has indeed been spectacular. u
Attic he has figured for years as a
builder of sugar refneries, railroads,
apartment: houses, handsome residences
and modest houses for workingmen, lit
tie was known Of Segal's personality
until the newspapers We're read today.
i 80 Held Up Sugar Trust.
After building a large Independent
sugar refinery in Camden, N. j., across
the Delaware river from Philadelphia,
and selling it to the American Sugar
Refining company at an. alleged profit
of ;$70O,000, he built another In the
sugar district of this city. But as far
as is known the second venture was
never bought by the purchaser Of the
first, altho statement is, made that
those whose money is tied up in the
structure would receive per cent on
their money.
The refinery is pronounced wonder.
Moving platforms, automatic cranes,
turbine engines, makes it a place which
works itself. .--.
- Trust Company In AL. :. 5:
The raw product can be unloaded
from the ship lying at one side Of the
most completely equipped wharves on
cranes, and, save for the Sitting Of the
bag at the head Of the filter and the
turning Of directing rod, the agency
Of the human hand is not required else
where in the course Of the evolution of
sugar. 81; 49,.
s.One who has been thru it says that
a:man might work in any part Of it in
evening clothes. Tiled bathrooms and
copper finishing abound thruout.
y Another Idle Enterprise.
It has been idle since it's erection
two or three years ago. Segal has been
the promoter of two or three enter
prises thruout the state outside Of Phil
adelphia: It is said that the Real
Estate Trust company has been in
volved in all of them to some extent
One is situated in Lancaster county,
one at Lancaster and the other the
Safe Harbor Matchworks at Safe Har-
Dor. These enterprises dispatch from
Lancaster says: :. ~...
sss"The Swedish Crucible Iron & Cruel
years ago by Segal. Several hundred
acres Of land supposed to be rich in
magnetic ore were bought. The com.
pany was first known as the Champion
Iron company, later as the STANDARD
Iron & Steel company and finally as
the Swedish Crucible Iron & Steel com.
pany;; e -, :,, >.
the works to the Columbia g. Port De
posit road at Safe Harbor, and a re.
ducing plant was erected and machin
cry installed at rather heavy expense
The entire. property was bonded fol-
100000, the Real Estate Trust com
i pany acting as trustee for the bond
holders. The valuation, local fnanciers
say, was greatly in excess of it's rea
value. The railroad has never beer
completed, and operations at the plant
have been suspended for two years. )
Builds. a Town.. t.. 49,
Another, big enterprise was a build
ing operation at Altoona, Pa. Sega
secured q large plot of ground .ant
planned the new town Of South Altoo
ma. It was planned to erect $50 houses
built in rows: city style. People here
did not take kindly to this method Of
living and refused to buy or rent them
After about $50 were erected, tn,
building operations ceased, leaving tn,
foundations Of hundred or more ex
posed.
Few Of the completed dwellings wer,
sold and few rented. Most Of them ar,
idle today. Segal is 46 years old, abou
s feet 10 inches in: height. .,tiz
Lavish |tspender.'' e--,...,.
s5Directness and frankness Of manner
q. habit of going directly to the poin
Of proposition, he had to present t,
2 ,z11,11Exz1r1-----.-