Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1906-08-29
Real Estate Company of
Philadelphia May
Resume.
OTHERS MAY ASSIST
Son of Dead Man Chased by a
Mob When He Appears
at Bank.

Philadelphia, Aug. ga meeting is
in progress at the Office of the First
National bank, and it is stated suffi
cient funds have been pledged to ena-
BILE the Real Estate Trust company to
reopen its doors within 4S hours. AS
preliminary to this, the court will be
petitioned to dismiss the temporary re-
ceivership
Protecting Themselves.
Philadelphia, Aug. 29.-With the clos
ing of the doors of the Real Estate
Trust company yesterday officers and
directors of the banks who attended
the clearing house association meeting
took immediate steps TO fortify them
against any possible run which might
follow the failure of the trust company.
AS a result every banking house was
prepared today TO meet any demand
made upon it.
Declined Aid.
Although no institution other than
the suspended company required as
sistance offers of aid were conveyed
from bank to bank by the larger con-
Germs In each case they were declined
although many banks wired correst
pondents in other cities to forward i'm
mediately any balances due l-cal
banks AS a consequence large sums
of money were received here today.
Church VIII Lose Little.
Inquiry today among the prominent
authorities of the Presbyterian churc2
and directors of the Real Estate Trust
company as TO the amount of church
money involved in the failure, showed
the sum will be small compared with
the large sums of money in the pos
session of the church. John H. Con-
verse. chairman of the trustees of the
general assembly and a stockholder in
the Real Estate Trust company, said
today the trustees had on deposit in
the Trust company about $4,000 which
Is involved in the failure.
Remainder Invested.
The remainder of the trustees
money amounting to S963.S59 is invest
ed in mortgages, bonds and other Sc
curities. Examination of these securi
ties by auditors as late as last Sunday
showed they are all intact. On this
point Converse said:
Not Total LOSS.
''The way the matter stands now on
Iy about $4,000 of the general assemb-
ly's funds are involved and will have
to take the same chance as the money
of other depoSitors This money, il
must be understood, is not total loss.
/ firmly believe the depositors will re-
ceive most of their money back. l feel
sure none of the securities of the gen.
eral assembly have been tampered
with
Hipple's VIII Filed.
The will of the late President Nipple
was filed today. The document was
executed July l, last, and reads: Il,
Frank K. Nipple. do hereby give, be-
queath, and devise all my estate, real,
personal, and mixed, unto my son.
Frank Wharton Nipple, his heirs and
assigns, knowing he will give one-half
thereof unto his Aunt Sallie, if she is
living, and | hereby appoint my son
to be executor of this will The son
qualified.
The estate is valued as follows: Per
sonal property, 100000 and upward;
real estate, 100000.
Son Nearly Mebbed.
The son had a rough experience to-
day when he returned from the bank
building 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
tobacco" Immediately the mob took
up the cry and made rush for Hip
pie. For a few moments it looked as
though he would be roughly handled.
but the police succeeded in beating the
mob back and rescuing the frightened
man from its wrath. He was hustled
into a carriage and taken away.
Receiver Bonded for s1,OOO,OOO-
Receiver Earle this afternoon appear
ed in court and qualified as receiver.
He filed a bond of s1.0O0.000. At the
conclusion of a protracted conference
with the directors, Earle said in his
estimation the receivership will be
only temporary and that the bank will
be able to resume business at an early
day. Regarding the trusts in custody
of the company, Earle said:
Trust Funds Intact.
"While | have not had opportunity
fCoptfnued on page Eight