Show AU AUDIT IH TOOK HIPPLES WORD I IJ I J Checking Up of the Real Estate Trust Company a aMere Mere Formality STIA ALSO GUILTY l t NO EXAMINATION MADE FOR THREE YEARS b J Philadelphia Aug Au us 31 Receiver George GeorgeM M 11 Earle Jr of the Real Estate Trust company compan which failed railed on Tuesday Is dl his efforts towards ascertaining if other oth r officials or of or the bank had guilty guilt knowledge of or President Hip ples transactions He expressed sur surprise prise that thi th F North treasurer of the company and Horace Hill auditor did not acquaint the Ule directors with the condition of affairs if they wore were aware of or orthe the entanglements Before Befort any an of the loans were paid to Segal or other toor or rowers It was Treasurer Norths duty to approve them and Auditor Hill Mr Earlo Earle points out in examining the ac accounts accounts counts must have observed the extensive amounts paid to one man The fact re remains remains remains mains however that no intimation was by b either man mun to the tho directors of the large loans made to Segal Auditor Is Silent Mr r Hill declined to be interviewed to today today day da He Ho said he had made a statement 1 to the receiver r and that Mr Earle had Instructed him Wm not to talk talIe for publication J L p Receiver Earle denied this and said he h hJ J would be glad if iC anyone possessing in information information information formation would talk It was learned from one of or tho the directors that Hill HIB was Hippies personal choice for forth th position of auditor From the same source It was waa that Hills method of ot auditing the ac accounts accounts accounts counts of or the company seems to have boon to check up the securities offered by Nipple and then place his seal of ap approval approval approval upon the total amount of or the vari various various var ous loans This statement was presented to t the th directors |