Orange County observer. [volume] (Hillsborough, N.C.) 1880-1918, 1909-06-24

In common VIII
every other good citizen, I am at the
service Of my country" said George
H. Earle, Jr., receiver Of the Penn
sylvania Sugar Refining Company.
when asked whether he would aid the
Government in a criminal prosecution
directed against the heads of the SUI
gar trust.
Those who knew Mr.. Earle keenly
appreciated the irony of his remark
when they recalled that he had plead
ed with and petitioned President
Roosevelt and Acknowledgement Bon
aparte in vain to institute or to per-
nit him to institute just such GRIM
inal proceedings Is are now threat
ened by the present Department of
Justice. AS long ago as November,
1906, Mr.. Earle now admits, he
warned President Roosevelt and his
Acknowledgement of the weighing
frauds in New York and rebating
practiced by the sugar trust, but no
action was taken.
Earle.s Personality.
Mr.. Earle is the son Of the late
George H. Earle, ST., one of the fore
most lawyers of the Philadelphia bar.
The son, himself a lawyer, is the ex-
ecutive head Of five of the largest
banks in the city. He has rescued
many concerns from the graveyard
of high finance, was too busy to be
Mayor Of Philadelphia, is not
against" trusts, is worth $500 900,
but lives on one of his many salaries,
and his hobbies are coins, first prints
and a model farm. He was offered
100000 for reviving the Real Estate
Trust Company, and went into court
and told the judge that his services
were worth only $4,000, and he has
not yet collected the $4,000 because
"the company needs the money more
than I do"
While a financial genius Mr.. Earle
has absolutely no ambition for great
wealth or political preferment and no
desire for social glortes. Upon his
unsupported word the $500 depos-
itors of the defunct Real Estate Trust
Company turned v to him all that
was left of $7,5O0,0OO deposits at the
time of the crash, August 28, 1906,
| and every stakeholder in the company
assigned his property to Mr.. Earle
without recourse or recovery" with
! out a scratch of a pen to safeguard
the equity.
sit would be manifestly improper
for me to discuss any phase of the
| sugar trust case at this time," said
Mr.. Earle, because I am still an off.
Ger of the court in my capacity as re.
ceivere of the Pennsylvania Sugar Re-
fining Company"
Does the same apply to the Gov
eminent and it's ~agents?" he was
asked.
ooh, yes, 1 suppose so. They die
( not care to discuss the case two OF
three years ago, and I prefer not tt
talk about it now, for the more par
ticular reason that we have agreed
upon a settlement and I consider i
hardly fair to agree to a settlement
and then participate in an expose O
the other party to the bargain. Then
too, / must keep in mind the fact tina
the court has yet to review the term
and conditions of our settlement, ant
I might be subjected to some criti
cism for commenting upon the cas-
at this time"
Gave Warning in 1906.
els it true that you directed tn
attention of the Government to tn
scale frauds and rebating more thai
two years ago."
"Mr. Frank l.. Neall, Of Petel
Wright's Sons, told me about thes
frauds so long ago that I cannot nov
fix the date, but I certainly wrote t
the Acknowledgement about them o.
November 8, 1906. as the papers il
the Pennsylvania Refinery case will
show.
II am not fixing responsibilities
I am not naming men who performe
their duties, nor am I pointing GU
any one who failed to measure up t
their responsibilities.
II must not be placed in the pos.