Washington State journal and Adams County news. [volume] (Ritzville, Wash.) 1906-1907, 1906-11-28

X FRANK n. Hlpple, PRESIDENT OF tne
Philadelphia Real Estate Trust COM
pany. had not been 20 conspicuous In
church work his wrscklnS Of that con-
Germ would have been no less serious q
blow to one of the leading financial In
stltutions of the city aud would have
caused no less distress. But had he not
been 80 prominently Identified with re-
ligious affairs he could scarcely have
acquired such confidence as placed hin,
In q position where It was possible for
him to misinvest. BY a system amount
Ing to theft. 100000 deposited with
the Institution Of which he was the
head. The downfall Of no other man
In Philadelphia, save John Wanamaker,
could have created such a sensation as
the crash which followed the suicide
Of Mr.. Nipple. So carefully were the
circumstances Of his death concealed by
his family that 1t was not until after
the exposure Of his financial misdeeds
that It became known how he died. He
took laudanum and then lay down In
his bathtub and turned on the water.
For years Mr.. Nipple had been a
prominent hguer in charitable, relig.
lou. and financial circles. He was SUI
perintendent of the Sunday school of
the Tenth Presbyterian church. as well
az one Of the trustees Of Bryn Mawr
Presbyterian church. He was also
treasurer Of church Institutions, among
them the Presbyterian General Assem-.
zig. In several financial institutions
he was director. Nipple had an alb
horence for tobacco and liquor. His
SUNDAYS were spent in church or I'm
religious meditation. Sunday newspa
pers he would not read, nor would he
ride In street cars, unless the necessity
was most urgent. He could not he In.
duced to discuss matters OF a business
nature on tho Sabbath. His charities
were large and every one who appealed
to him was generously helped. Hipple
acquitted himself we'll In all positions.
Hs was deemed by all men a. Of I'm.
questioned probity.
Since its organization. twenty one
years ago. be had been president OF the
Real Estate Trust company. and a d.
rector in the Franklin National bank.
He was also treasurer Of the general
assembly Of the Presbyterian church,
treasurer Of the sustenance committee
OF the Synod Of Pennsylvania, treasurer
Of the Presbyterian hospital, and Amer,
lean treasurer Of the western section
Of the Reformed church holding the
Presbyterian system. He worked &C.
lively in the Tenth Presbyterian church
He was the counsellor Of the aged and
the widows In their financial dlGicul.
ties, the guardian Of orphans aud the
trustee Of estates. Owing to bis con.
neotion Herewith the Real Estate
Trust company was made the deposI-
tory Of the Presbyterian church, from
the general assembly down to the
smallest organizations which found II
convenient to make deposits there.
1t IL not suggested that Mr.. Nipple
maintained these associations for fraud.
uleN purposes, or that his intentions
we're dishonest. But 1t 10 certain that
after these affiliations had gained for
him . great financial power ais rellg.
ious professions did not intervene be.
tween himself and the temptation to in.
vest trust funds In wildcat speculation,
uoe to practice fraud to enable him 70