| Show p HIPPLE W MS S m IN mG L G t I rl Coconspirators Were Adolph Se So Set t gal aI William F North and andy andi y i v M S 1 I 11 t 1 CASHIER t ASHIER STORY 1 or of V j lon S Ib Ho I Alone Ione It I l lu to toc I c t Philadelphia Sept 6 The hearing ht In n nj J tte mo eA of at Adolph dolph Segal r F 1 rrth Orth and M T 1 S Collins Collin I w l who wo wt w I ri Tr yesterday e lerda on 00 charge chane of or aWIn i Jn the wrecking ot 01 th the Ibe company WM held before today tOO The t om wa wu w crowded with lIh mn m n well oU louRn in the Ih financial I orId Dl t Atty All Bell Uell in III hi ht hili r te teAd zaId Ad ld he pros prou pro iti t then hien with Hippie Ie 11 n nItI l 1 In ln a I L 10 i fr ul the con conr on r any ny and that Ihal u ai a II ull of ot their moro SK OW hal had been n ab lb j l from tram lh th and mi nt for Cot or the uie of o oPt one man Adolph I Segal egal Tho The pernon m In the um tin pIracy Irac he lie Mid wert Hippie and nd S Se jr l The agents A wIre were w re North Irth and nd ei Col oi he hI iio ho wickedly wicked I And wron tM w 1 hy I MW laW Ih others loot the Ihl Institution and nd gee no warning p Mr Ir hell Dell said Mid the Institution had BW and ana anc til IIII amount l to 10 i iFor For or the mon e I by y there l It Is nothing Milling to In show how but bUI D I A of ot the trust company om n the thi of by II either SK Segal I Individually or us as of 0 r rone one on of ot hU hili or He lie regularly took look the overdraft checka to 10 who would firo grow Hie IlaN the floor mid and thru then roy cay Well I gue we will have hae to 10 pay Z Y thin overdraft h Mid laid wor war worried ried me mI and I J frequently told lold North orth about them He II Ji a Alway I referred me rne to 10 I J went to 10 CoIling Colling Collingwood wood the Ihl th who ho agreed nith lIh me nl in the Ihl th overdraft were ere cro not nol sound He lie knew what nhat vas going on 11 0 and JI II II to 10 us the Ihl George Owr 11 II Barle for or the trust trull ml tn followed wed He lie told lold of oC oCI hOI bow he examined nil All lo to l learn arn I If It th they y were with the tho true condition of ot the Die company When Vb II Mr r I an risked what ho he thought of ot the Morth I of oC the Segal eguI ne lie 8 he raid aId No So banker bank would of ot taking H K of such sueh Industrial from any ant all one two or e peri ons leaving leasing the stand I Karle gave the LIM VIR Atty A It the th envelop cin II n the hack bark of 11 o which woe MAS written Hip Hippies it J pies lOnell lon Paying Teller fellEr cor eor 1 the IhL testimony of or Cashier regarding the Ihl overdrafts I The day da Hippie diN died he hI Mid eld there as 18 an ordral of fI against name AI an ionn oon as 81 he or of his Iia death con converted the Into II a loon loan thus thuit showing on 01 the hoob that Hippie lied had i nOI ot overdrawn Ma 1 I A watchman In tn the l tined that Segal Fegal often Jl In n the bank building on fill Sunday morn Jn holidays and afternoons but seldom during hours F P f Wharton Hippie IOn eon m of o tbt enl of ot the company the on fir the Ihl paper he the lolI as a his r The con oon tf on In Is as 81 follows follow E ETo To the th heal Henl I tate Trust No o ono OM I 1 to 10 blame but myself SeJal egal t sot Jot all the tho money mODO I was fooled tooled In lend Ind Ing ng It U to 10 him hini thinking hid hili business sae good goo When the Ihl filst Atty Atly All completed hi hl hilie lie He he hc the Ihl magistrate r to 10 holt hold the prisoners for or trial In the same Nine me bail ball balls bailI s I that Illat demanded yesterday namely LOGO OM for or and allt fath for foi and TM This wee waa i done but not nol before count for tor Segal egel t i hid hAd made a n statement that Segal would prove his hi Innocence In court Counsel Nil Mid ho he had teen been Instructed by b Sf 1 to 10 ay say JI that thai th he be had property valued aluM at Rf a and Unit that all hl his hili would be hr paid In III full tull Reiter r Ii tonight after a ron eonS with the Ihl directors dl of o the corn com pany an announced that hf h hopes to 10 re rl reopen open the Ihl lank hank soon lOOn end and nd that Ihal all d is will be protected ed Mr dr Burle erie rays the Ihl directors have responded to his to help reorganize the coni r ran ny hut but did tint IlOt Mete Mate what amounts they hae guaranteed In order to 10 HC Ke h the Ihl r rehabilitation r the pays the must meet Us Lie efforts Jn In n the Mine Mime spirit an ai a the director 1 I r When hen It became beeme known that DAn IJan DAnn n ng Commissioner Birkey had bed decided d Edd Ill Illo 10 o himself in the Affair ther Immediately arose many man rumors con cnn on r probable rob criminal notion l the directors director That th theM thee M re rf jOrl were not nol unfounded III as s made maderIa plain rIa In by I Mr Ir He that IlP jie the law Jaw the examiners examiner the right tiP ftp Interrogate under ath Ih any All ati f or employ or of th the trust rom corn romr r any ny or Ir of any an other ether company holding peets 1 of n ht hI I urn I the She hc pan poet few years yearn tara Mr tUrkey dc Ic i p pared 1 fOr director of fit the i had to If the Ihl rr reports orts Idled mM with the tAle sute banking dep Th These w reports be he paid aid appear to If hae liae b been n rale litre If U hit his r this f falsity Mr declared he would t the directors The evidence ehlen pro by h DIM AllY Atty Dell at t the hearing of It rul North anti an the methods by b slUt and lId Hippie worked his Uti ru t company The m HII st damaging testimony w was that Ih I t I th h Hl and Ind legai fJ 11 had repeatedly rf I Id I overdrawn their accounts with lIb ith th Ih kno knowledge e lRe of the Ihl treasurer anti and n l tant Th These t overdrafts n t r re a I w a I a ash h III r counts On th lh day thor Ihor vaI aa an ft f or if M 1 N cI t the h h I h s is 11 t w t ift 1 Ji r I II l I int s Iou h till Ing t I tj I 1 I I J These overdrafts of Hippie end and legal f ai RI times time amounted to o more mort than ISOO SOO MO There was WI on deposit lt III In the batik ap approximately approximately proximately and anti the loans made to 10 Regal ill to 10 Many dany of or the securities have haie ao sine Chief been found Count were tre bonds betide and an locks clocks In the Ihl various Segal enterprises and aid were ere signed by b Hippie Although Farle NieMI II hopeful of o opening the Ibe bunk bank at an early eaM dIll date many of the tilE creditors creditor sun m doubt M lit to 10 his hla ability lo to do du no sri because of ot the uncertainty of f the Segal agar refinery lIre here as an en n a caret auel t It hn hUH hen developed d that Ihal gala equity In III tilt lire plant is II represented by iry 19 8 p per r cent nt of o Ih hit hi stock tock TIne ThU ha hall hac been tn lii Mr Ir Karle arl who ho I is III desirous of ot con coil control Irol Just how he l will lIl III attain this Ihl U is riot not known but hut there are arc rumors that he lit Intends Intend to bring suit null against tIre the e eAm Am American AmAn rl n Sugar ie ning coni ny holds hold II the Ihl Interest In iti Incourt a roUt court of o equity urn And clan alf agaIn aRsIn ar ln under tinder the Sherman net act Mr Harle declined d lo Jo tubUle this tin Many an of ot the deposit OIK ho placed money In tIre the bank on III Monday and the dIrectors tora knew that thai It II wan Insolvent wore were allowed III to with withdraw lIh draw their deposits today woi Ul lii deposits d II and of o this number US m mIr were Ir KArles plan Ian for or the tilt of if the tho defunct Heal hod I tale Trust company n will IK II to 10 tire the thed d dePoSItors pos toni tomorrow It H provides for forthe forthe or the of ot JO JI per r tent cent In III cash each to 11 depositors and nun 30 per par cent In stock II ck guaranteed by tJ collateral lOlia teral bonds the 40 10 0 per Nr edit cent to lu be Ito h paid 1 00 f days dayn The Tho lIr 0 the thC lEMl l Jt llie Trust company lI ore Are to 10 raise c the capital capiti for or this I hi settle settlement ment |
