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MAY RESUME. Suspended Real Estate Bank in Better Shape Than Supposed. Philadelphia, Aug. 29.- Receiver Earle says the embarrassed Real Estate Trust company may resume in a few days. The failure is not as bad as it at first looked. The securities and collateral seem intact and there is no hint that the trust funds were misapplied by President Hipple.
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Special to The Evening Journal. PHILADELPHIA, Aug. 30.-Coroner King, of Norristown, aP., this morning admitted that Frank K. Hipple, late president of the Philadelphia Real Estate Trust Company, committed suicide by blowing out his brains. The coroner stated that he had suppressed the facts to prevent a run on the banking institution.
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Philadelphia, Aug. 30. - Coroner King of Montgomery county admitted today that Frank Hipple, president of the Real Estate Trust company. who was found dead in his home last Friday, committed suicide. Coroner King said he decided to suppress the fact for a few days in order to prevent a run on the trust company. The coroner stated that Hipple placed the muzzle of a 38 caliber revolver in his mouth and shot himself. Plan To Get Money Back Philadelphia, Aug. 30. - Receiver Earle said today that a plan of reorganization of the Real Estate Trust company was to ask the creditors to take preferred stock in the trust company for their claims and to appoint their own officers in the company. This, he felt assured. would
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A Case of Suicide. Philadelphia, Pa., Aug. 30.-Coroner King, of Montgomery county, admitted today that Frank Hipple, president of the Real Estate Trust Co., who was found dead in his nome last Friday, committed suicide. Coroner King said he decided to suppress the fact for a few days in order to prevent a run on the Trust company. He stated that Hipple placed the muzzle of a 38-caliber revolver in his mouth and shot himself.
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President Hipple Suicides. Philadelphia, Pa., August 30.Coroner King after an inquest over the body of President Hipple, of the Real Estate Trust Co., announced that Hipple committed suicide by shooting himself in the head. King says he, suppressed the suicide seven days to prevent a run on the bank, at the request of a number of the directors and members of Mr. Hipple's family. He thought the directors would have time to make up the deficits if they were given time, and thus help the depositors. Hipple killed himself in his bath room by placing the revolver in his mouth the ball lodging in"his brain and leaving no external wound.
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Philadelphia, Pa., Aug. 30.-Receiver Earle said today that the plan for a reorganization of the Real Estate Trust company was to ask the creditors to take preferred stock in the trust company for their claims and to appoint their own officers in the company. This, he said he felt assured, would give the depositors their only chance to get back their money dollar for dollar. Coroner King of Montgomery county admitted today that Frank Hipple, president of the Real Estate Trust company, who was found dead in his home last Friday, committed suicide. Coroner King said that he decided to suppress the fact for a few days in order to prevent a run on the trust company. The coroner stated that Hipple placed the muzzle of a .3 caliber revolver in his mouth and shot himself.
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The failure of the Philadeiphia Real Datate Trust company, yesterday, has emphasized the fact so often announced by the press of the country, in telegrams and editorials, that realty speculation in most sections has run riot. In the adjoining column is presented a good article on the subject from the Chicago Financial World. It is well for Albuquerque that this craze has not struck this city. Realty here is in good demand, and there is considerable movement, but there has been no boom and fortunately there seems no danger of inflated speculation.
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EARLE OPENS TRUST CO. By Our Own Wire, Publishers' Press. PHILADELPHIA, Pa., Sept. 13.-Receiver Carle to-day reopened the Real Estate Trust Company to receive deposits.
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Real Estate Trust Co. Reopened. Philadelphia, Sept. 13.-The - receiver today reopened the Real Estate Trust Company to receive deposits.
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The coroner in Philadelphia now says that Frank D. Hipple, late president of the Real Estate Trust company, that failed, committed suicide by blowing out his brains. It was reported at the time that Hipple died from heart failure. The coroner says he suppressed the truth for fear of a run on the banking institutions.
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will Reorganize Trust Company. Philadelphia, Sept. 10.-All of the directors of the wrecked Real Eslate Trust company have agreed to Receiver Earle's plan for organizing the company. .not
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Receiver Earle's plan to reorganize the Philadelphia Real Estate Trust company will probably meet with favor from all persons except those called upon to put up the cash.
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Trust Company Reopens. Philadelphia, Sept. 14.- Receiver Earle today reabened the Real Estate Trust comu ay to receive deposits.
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All directors of the Real Estate Trust Company of Philadelphia have agreed to Receiver Earle's plans to reimburse depositors.
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After Sugar Trust. Philadelphia, Sept. 29. 1 As a result of the failure of the real estate trust company, Receiver Earl will enter suit against the sugar trust for $5,000,000.
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The Real Estate Trust Company. Philadelphis, Oct. 26 -George H Earle was today discharged at his own request," as receiver of the Real Estata Trust Company, and the company will reopen its doors Nov. 1st.
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REAL ESTATE TRUST TO RESUME NOV. I PHILADELPHIA, Oct. 26.-George H. Earle was today discharged at his own request as receiver of the Real Estate Trust Company and the company will reopen its doors November 1.
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DOES BIG BUSINESS PHILADELPHIA, Nov. 1.-The Real Estate Trust Co., which suspended after President Hipple's suicide, opened this morning reorganized. Nearly $1,000,000 in deposits received during the first hour. The company expects to pay all creditors in full.
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Real Estate Trust Co. Philadelphia, Nov. 1. - The doors of the Real Estate Trust company were opened this morning and the institution, which suspended August 28, resumed its place among the big banks of the city.
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27-Ten indictments returned in Chicago against the Standard Oil company. 28-Railroad rate act takes effect. Real Estate Trust company of Philadelphia suspends and goes into the hands of a receiver.
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TWENTY MILLIONS DAMAGES. Sugar Trust Accused of Ruining a Competitor. New York, Jan. 14.-The sugar trust and its principal officers will be called upon within a few days to defend actions for damages aggregating $20,000,000 and to answer in the federal courts the direct charge that by conspiracy they brought about the financial ruin of a competitor, wrecked the Real Estate Trust company of Philadelphia last summer and drove its president, Frank K. Hipple, to suicide. The legal papers have been drawn :p by the attorneys for George H. Darle, Jr., Philadelphia's reorganizer, who is receiver for the Pennsylvania Sugar Refining company. Mr. Earle has laid the allegations of conspiracy, with his evidence, before the attorney general's department at Washington and actions by the federal government under the Sherman anti-trust law are expected.
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000,000 and to answer in the federal courts the direct charge that by conspiracy they brought about the financial ruin of a competitor, wrecked the Real Estate Trust company of Philadelphia last summer and drove its president, Frank K. Hipple, to suicide. The legal papers have been drawn up by the attorneys for George H. Earle, Jr., Philadelphia's reorganizer, who is receiver for the Pennsylvania Sugar Refining company. Mr. Earle has laid the allegations of conspiracy, with his evidence, before the attorney general's department at. Washington and actions by the federal government under the Sherman anti-trust law are expected.
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SUIT AGAINST SUGAR TRUST. Damage of $20,000,000 to Be Demanded in Action Charging Conspiracy. New York, Jan. 15.-The sugar trust and its principal officers will be called upon within a few days to defend actions for damages aggregating $20,000,000 and to answer in the federal courts the direct charge that by conspiring they brought about the financial ruin of a competitor, wrecked the Real Estate Trust Company of Phila delphia last summer and drove its president, Frank K. Hipple, to suicide. The legal papers have been drawn up by the attorneys for George H. Earle, Jr., Philadelphia's reorganizer, who is receiver for the Pennsylvania Sugar Refining company.
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SUIT AGAINST SUGAR TRUST. Damage of $20,000,000 to Be Demanded in Action Charging Conspiracy. New York, Jan. 15.-The sugar trust and its principal officers will be called upon within a few days to defend actions for damages aggregating $20,000,000 and to answer in the federal courts the direct charge that by conspiring they brought about the financial ruin of a competitor, wrecked.the Real Estate Trust Company of Philadelphia last summer and drove its president, Frank K. Hipple, to suicide. The legal papers have been drawn up by the attorneys for George H. Earle, Jr., Philadelphia's reorganizer, who is receiver for the Pennsylvania Sugar Refining company.