Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-09-26
MOULD ATTACK TRUST
Sugar Trust Methods Cause For
Action Says Philadel-
phia Man
ASKS ROOSEVELT TO ACT
Receiver for Philadelphia Bank Lays
Evidence OF an Alleged Conspiracy
Before the President--D of
Justice May Proceed Against Rein
ing Company.

Philadelphia, Pa, Sept. 26.-President
Roosevelt has been furnished with ev-
idence by Receiver Earle of the. wreck
ed Real Estate Trust Company. which
is expected to result in proceedings by
the department of justice against the
so-called sugar trust.
One of the assets of the Real Es-
tate Trust Company is the sugar re-
finery in this city built by Adolph Sc
gal, the promoter whose borrowings
from Frank X. Nipple, the suicide
president of the bank. were respon-
sible for the collapse OF the instith-
zion.
The American Sugar Refining Conn
pany holds controlling interest in this
refinery, which has not been operated,
and Receiver Earle hopes to show THAI
it was tied up as a result OF asconspir-
acy in which the sugar combine was
involved
Recently Receiver Earle communi-
Gated with the department Of justice
and III response Chief Wilkie of the Sc
cret service department came to this
city and held conference with MIR.
Earle.
Plane for Prosecution.
Yesterday the receiver held pro-
tracted conference with C. Il. Hotcn-
kiss of New York, a lawyer represent
ing the American Sugar Refining Com
pany; several directors of the Real
Estate Trust Company and counsel FOR
Adolph Segal. Mr.. Earle said To
question Of whether he should proceed
against the so-ca1led trust undec the
provisions of the Sherman act or IN
der the state law was discussed, but
not definitely settled.
A further conference will be held to-
day. The receiver evaded question
as to wh.ther criminal action would be
Instituted against the sugar combina-
ton.
Mr.. Earle last night issued state
ment to the creditors of the Real rs
tate Trust Company bearing upon his
contemplated action.
Gives Roosevelt tho Facts.
1t is in part as follows:
In the first place, it is true that I
have communicated with President
Roosevelt in regard to the conduct OF
the sugar trust
"That communication, however, is
now his. personal property, not mine,
and / cannot say more than that OUT
lined what understood to constitute
complete case against the organiza-
ton and some of it's officers.
'.Whatever the president may do,
feel it my imperative duty, having ac-
cepted this trust, to proceed in this
matter. I understand the risks that I
am mourning, personally and other
wise, and yet the matter, to my mind.
is so clear that would be derelict to
duty should hesitate.
Il have not wished to go ahead an
til 1 felt that with a moral case that
would convince anybody could myself
give legal testimony to make out th-
prima- facie case, and 1 am prepared
to say that while no one can protect
the result Of such conflict am con-
WINGED that if / live I can supply
enough evidence, no matter wEar the
trust may do.
Claims Trust Ruined Him.
adolf Segal and his counsel have
taken the position that he was sol-
vent man ruined by the Vaccinations
of this trust. that he is acting in the
best of good faith and will, If he gets
justice, be enabled to liquidate his in
debtedness l do not wish to pass up
on this question now, but in this fight
/ do ask that they be given an oppor-
~ foif Il
by the assistance that they render the
creditors of this institution in obtain
ing justice"