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Show TRUST COMPANY FAIL8. Liabilities of Wrecked Institution Estimated Es-timated at $10,000,000. rhlladelphla Unablo to meet Its obligations because of tho largo amount of money loaned on Insufficient Insuffi-cient security by Ita president, now dead, tho Ileal '.state Trust company , of Thlladclphla, which up to last Saturday Satur-day waa considered ono of tho strongest strong-est financial Institutions In the city, closed lis doors Tuesday Soon after s tho door closed Ocorgo It Trie, Jr., ft prominent financier, was appointed receiver Tbo liabilities aro estimated 1 at 110,000,000. against which there ato , I quick assets of about II (100,000 nnd I collateral of about 8u00,000 which Is I not negotiable or readily convertible. I This doubtful collateral Is held most I ly as security for loans of about IS, I 200,000, mado to Adolph Scgalm, ft pro Jf motor of tho city. H Tho man responilhlo for the failure. "V' . was Frank K, !llpple,-ono of Thlla V " ' dclphla'a best known citizens, who V died suddenly last Friday morning In v&$)KNk hit country homo at Ilryn Mawr, near hero tinder circumstances, which In u tho light of today's developments, led I to tho suspicion that ho might havo I committed suicide J |