| Show I i i HIPPLE W WI AS I ALSO l A m FORCER G Forgeries Amounting to More Than Thana a Quarter of a Million Dollars Discovered SO S YS RECEIVER EARLE Hi lie Ile Hits no nc the Ilio Rend limit nil Milan Ilia II Will Philadelphia 7 Forgeries to for more moose lItO then than a I quarter of a I million o ot of l Frank renk K Ii 1 Ripple Hippie II Ip Ie th the sup sal ai ild president of the defunct flied Ks Ka tale tal Trust company have been discovered ered by b H Receiver her elver Karl Karle The latter made this statement talc kite tonight add adding addIn lag ing In that thai he had no to Idea wh where re Hippie Ripples villainy ln would end and Hippie HI In III order to meet met his Immediate overdrafts used med lI ld the nm names i of some lI of oC the most moat prom prominent business men liter of this ell city on or notes motes which In some eases cases cae amounted In to JIN The Tbt president lied bud taken copies of o the signatures of a II number of business businessmen men while some of their checks check or ne securities parsed pAred od through ills nl handa hands but hul In every nery case cne he avoided to 10 us use the name narie of a 1 Real neal Estate Trust company depositor When pinched for to 10 meet his overdrafts overdraft or tome souse big bl Segal loan Mr Ir Earle said Mid I an RR a mast resort Hippie would draw up A ft note with the forged signature attained attached This Thin he be would take lake to III the cashier or paying teller fa raying he had personally personal node madl the loan and It II wa wall lips discounted With the amount to his credit ho he h would satisfy th Ihl the pressing claim Receiver n Earl Earle said ald tonight tint that In order to accomplish the reorganization reorganisation of oC the th Real Estate Trust Trl 1 he lie would accept the presidency if it the Iho de tie depositor Insisted That wine one secured for or negotiating the loans made to Adolf Segel b by President Hippie In Is believed II h ii those Iho now engaged In III In investigating estimating the affairs Segal SegulA H repeat repeated ed NI 4 assertions that he did Ud not ant harrow burro more nore than from into the trust company has caused cause the Investigators to 10 o exert eiert ever every effort elfort to 10 discover nil all of the h details detail connected with these the e loans and If It II Is found that others benefited he they would he be mode made to return the money noney mOlle It developed d today lodl that the last IlISt stale sUte examination of the trust tru t company com pan was ni made by honking Hanking Commissioner Reeder In 1902 Robert McAfee who was vas 1 state spate hank bank lug hili up commissioner from April 1903 to toul July ul 1905 made no examination and Commissioner loner Buke who succeeded Mr Ir Afee also failed to examine the institution The two 10 expert account accountants accountants ants antI appointed yesterday e by b Commis Commissioner stoner Ioner Berkey n to 10 Investigate the condl condi tines Ions of the Ihl concern at the end nd of their heir first nut ili Anys worK orl announced that hc the they found the trust estates of which he time Real Estate Trust company acted as AI trustee to he ha Intact The committee appointed by II the Ih trustees ru teo of the general assembly of he the Ih church hUtch to 10 ascertain he the Ih condition of the Ihl general trust runt funds fund which wore In to the custody of or Ripple Hippie ns M treasurer r of oC the board of trustees today made the following an nn announcement announcement Careful examination shows show that the great bulk of the Investments of oC the trustees ru tees amounting to 10 Is hr In tact act The entire lo IIi loss s through h the mil tile of the late treasurer IB Is not rot likely like I to exceed |
