Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1906-08-29

Real Estate Trust Company's Failure.
Philadelphia, Aug. ga crowd ol
angry depositors. including many wo-
men, congregsted today about the sky.
scrsper OF the collapsed Real Estate
Trust Company at Broad aud Chestnut
streets.
The line blocked the city's busiest
corner and the detail of police left or
guard over night, was unable to cope
with them. At first depositors gave
vent to their emotion by tears, but dur.
ing the morning many mutterings were
heard and some of the crowd voiced their
indignation 10 threats against the officers
and directors Of the wrecked concern.
There are no indications this morning
that the Real Estate Company situation
has disturbed other banks and trust
companies. There has been some shift
ing OF accounts among trust companies,
but no pariiculs" importance attaches to
ibis. 1t is seated positively that no
other institution is involved in any way
with the Real Estate Trust Corporation.
A banker says that the only way 10
which other institutions might be affect
ed wosld be 10 holding Real Estate
Trust Company stock as collateral for
leans, but this would be in such small
amounts as to be triHing.
George II. Earle, jr., temporary re-
ceiver of the Rsal Estate Trust Com
pany, this morning went before Judge
Audenreid and qualified for the position.
II is Mr.. Esrle's opinion that the
concern will soon resume in some shape,
or other, as the directors have concluded
to inset all claims of depositors.
Philadelphia, Aug. 20 The feeling
in the financial circles this forenoon was
much more cheerful largely because CT
the assurance that no other OF the fnau-
cial institutions of the city has been dis
iurbed by the Real Estate Trust Com
psny suspension. Additional confidence
was lent in the semi-oficial report that
at meeting held in one of the large
banks arrangements had been practically
by which sufficient funds
would be obtsined to allow an early
resumption of business by the institu-
ton.
Deputy Register of Wills Irwin to-
day admitted to probate the will OF for
mer President Nipple Of the defunct
The will is brief. II leaves
an estate valued at $3.50, 900 and awards
It to bis son Wharton Nipple. There is
M "Aunt Sally" named in the will, but |
40 one knows who she is.
Philadelphia, Aug. 20 "A high fuau-
,isl authority said late this afternoon
hat at a meeting 10 the Office of one of |
he leading national banks arrangements
we're completed for securing sufficient
unds to enable the collapsed Real Estate
Trust Company to resume business with
q the next forty-eight hours. A petit
ion will also ae presented to the court
% discharge Mr.. Earle as receiver.
Philadelphis, Aug. 29.-Shortly be-
ore noon Wharton Nipple, clerk in the
Trust Company, attempted to leave the
'ank by private door. He was rsSog-
lized by the crowd Of depasilOrs ia the
treet and rush was made toward him.
This is the son of a rogue who was
Siaus enough to cay he did not have faith
n a man who smoked cigar or chewed
obacco," yelled lusty lunged sasa In
be crowd. Nipple inyaksf the aid Of
be police and they were compelled to
ear him gu their shoulders to protect
i'm from the infuriated crowd.