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LRGE BANK FAILURE IN THE QUAKER GIT PRBSBYTEEIANOHUROHIAMONG HEAVY LOSERS. Failure WIl Probably EvenAd boven Million Dollars-Bad State of Affairs. The Real Estate Trust company, (of Phildelphin organized in 1885, the de pository of nearly a million dollars of the funds of the Presbyterian church andI(I holiing $.300,000 of the money of the ciy of Philadelphia and $175,000 of State deposits, oin Tues day closed its (oors. The failure was CauIIISed lby heaVy 1oan s made by the late pFreint, Frank K. Hipple, to Adolph Segal, a piromoter, on insiiffi cient security. A despeiate effort was 11mle to save tihe instit.ioution b the boar(d of directors through an ap peal to tile clearing, house association, bot 11ha1 bodly decclinled to subscribe a guarantee fund of $7,000.000. because of insufficient seenrity. The liabilities are placed at $10, 000,000, with quick assets of $3,500, 000 andl( doubtful collateral amounting to $8,000,000. George 11. Earle. .I.. president of the Finance company of' Phildelphiia, was appointedil Ieceiver, and in a state ment to the public lie expresses the hope lint he may soon be able to re commi1ienid a plan to the depositows that will better serve their interests and terminate his own services. Piesi dent Ilipple was always regarded as a conservative finiancior. blt follow inr his sudhen ldvaith last Friday an investigation by the (irectors devel oped t lie fact that his loans to Segal had been made rerardiless of' proper secui'ity a i(l that lie iade false state menits to tihie direetors of the bank's condition. Friends of tle presideit express tlie belief that svgal exer'is ed a hlypnlii inluencile 41ver Airl. Ilipl pl. Altl ulh the ' ils ' of Mir. Ilippli's &h-ilh wa.,s --ivenl bY his ph11ysicialls :1114 thel( coeri-1lt as vvirvibral henrhg,it is intiilat(l that Iie IimaY have com Ilit.t d suiciide. Bogus Collateral. Fiorl the loalis to Adolph se.al, Ilip ple accepteld as villiteraI seeurities the Majestie hotel. a big new apiart- I Ileit house, operated by Segal; tile Swedish Steel coipany of La 'ncaster, Pa., and the Pennsy lvania Sugar Re fiing company of Philadelphia. The steel comkpan and the sugar Iefining concern have never been placed in operation. Segal claims the collat Oral lie gave is good ai(l tihat lie will meet all his obligations. There are others to whom iHipple loaied money onl insufficient securities, but t.heir names have not beenl ilad( public and the sums are not believed to be large. How far Iliple beneflied in the loans or whethler' he wa's merelv thle tool1 of ofthers diirector's are silent on that poiint and ailso on thle quest-ion of' whetherci there will lie any criminal pro'(secuio i ns. In order to4 hide the save himnselftI lipiple' resoriited' to the f'alsif'ication ofi.i his repor41its. 11(1 used system"i' ot' miakiing reporhts. WhenOi thle St ate hanuk examiner calledeu. Iip ple presen(it ed to him iiiooi d securliities to) of'fset the loans made aind w~hen the president miade his reporits to the direc'tor's lit wouhl show 1hiem a biuii die of' other seenri it ies aind I theri papjer and along with t hese lhe would ('x lhibit the14 ceriic~a te of it li'ha bak ex aminer, whieb 'i showe~d that the- ae. counts were''t c'iirrect'I. The d ircCtoriis, hiuppl osinig Ite se'dcit ies shown t hem we.r'e thle same,nc approi'(vi,d 11he reporiits. Amiong these 41i rectors' are' )i'. S. Weir M.1itehell, th minentii i(l auithor John1 ii 11. wvorks ; .John iiF. t'ts. te inillionairco brewer ; WVill inam A. IPatton. assist anlt to Pi'eside'nit ('assatt of lie Peniinsv'l vania ia ilroad: F"ormuer Snuperiorii Cout Judge W. W. l'i'ter; R. I)ale Benson, pr'~eient of lie P enniisylvaiiia Fire Insur'anie'eui ompany; Jo. lI). Jun - kin, an at.trney: F.d"aid 1'. lho,rd'. Samuel F". Ilouston, whio is also vie pres5idenit of th14'e.ompany; F"ormier State Senat or ,J. Bayarid I Ienry~ and The Directors Shackled. As soon as thle di rectors were in formed of the death of Hlipple they began an inv'estigation of thieiir af fairs and were shocke'd . when they learned the true condition of his ac counts. This was after the close of business on Friday. A meeting of the board was hurriedly called and it was decided to instruct the officert ofte bank that all deposits r'eceive< oafter the opening business Sat urday rimorning should be set aside and de positedwihteFaki Nton 'v bank in the names of the individualu f:presenting the money. This was dont ~',to absolve the directors from erimina' proceedings for receiving money af .ter they knew the tritst company wat insolvent. On Monday more that $100,000 was depositod by patrons of the bank, which was practically off set by withdrawals by persons wh< hleard rumors of the company's condi. tion. The, money deposited sine( Saturday will, however, not be re. turned to the depositors, but will Ib in the Franklin National bank unti the courts have decided whether il shall be paid back. While the depositors were suppos edly placing their money with the rea estate company the directors wer< making strenuous efforts to tide th4 institution over the difficulty. Al (lily Monday they worked, but il became .ppparent shortly after noor Tuesday that tle clash was inevitable Application papers for at temporarN receiver were prepared and left at ti offices of the (rust company, aftci which the directors went to the meet. ing of the clearing honse association to make a last appeal for help. Ti newspapers were aware of the trem1( of eveits aid had men stationed at lite bank biilding ready to flash the elosin- of the bank if it occurred. ''liere were probably 50 bank presi denIs at the clearing house to meet the directors of the trust company. Tle latter stated that Ihey needed $7,000,000 ul tlie best the banks eoild do was to gtuarantee $3,500,000. Ihis was inot enlouigl and as all otiher means for getting money had failed Vice President fousion tele)honed to lhe bank to suspend business and sen( the receivership papers to cou-rt. Tin an ineredibly short time the story , was on i lie street and ereated vent consternationl. 11ureds o f persions gatlied about the building vlaimloring, for information and !he VrVOW( grew so great that a detail of I)oliee was sent for to clear tle street. There was no disorder. The applicalion for lie receiver says 11hat the coipaiiy has a paid up capital of $1.500,000 and apparent srilpis of' all equal amount and de posits of alolt $10,000,000. The as oets consist of real estate inl Phildel phin. l.11ns 11pon1 vollatevral 11ponl dv 111n1il '11dn l l ( tlille an l secll i I it,w. Presidentf 1lipple, the( appliva lionl says. "by false reports to tle director :'S of the loains m:1de by him, brouig,hIt about tle c'onvdition of the comnpany wh .%lic h1 was first dfiscovered bY tie otivers of' tlie bank suhsequent to (Ithe Ieatl of, tile president.'' The court fliell appoinied Mr. P"arle re veiver anmd Ie entere(d seenrity to tle aimiount of $1,oO0,000. After his appointment. Mr. Earle held a eoniferenee with tihe directors and officers o( the company, at which the receiver wats put inl possession of the condition of the comlpany so fat' as tle officials of the concern could inform himii. At the close of the con feronce, Mr. F"arle Imade the follow in"'. statement : The Reciever's Statement. "Wlist I appreciate the danger of mtakitig staitemiets until I have made a thorough exainatioii, I think it my dIuty to state that in my effort. to keep this institution, I have nee essaiy use'ertined a grreat deal con eer'ninig its condit ion. 'his knowi edh.re brouigh Itime to thle 'oncQluisionf that the company should not be per mnitt.ed to fail anid thait concelusion still is si st rong w'ith me that I be lieve, althoaughi it may be against my oiwn inter'iest, that thle receiv'ership shtould ntot be continued any length of timei(. If is myi hope that so solon as I may~ i' verify my)present beliefs, 1 pos5 iors t ht, will better setrve theli' Iinteriesls atnd termiiinate myl services.' doJ hun HI. M ichieneri, presidenit of' thle ter'view~ tontighit sai.d the faiilure' oft the assoiant ioni to subscribe thle $7,000, (l00t guaran tee lfund iequest ed by the iteal -',state comipany wa'*s due to ini suffIic'ienit scur'ity. The Trut com paniy, he said, offei'ed $2,0)00,000t ini it ('dge securities, a two-thir'ds in ('rest ini thle trust company 's building v'alhued at $2,000,000 and $5,300,00( s'ecuraiIties tiroma thle. Segal securit ies worith morell'( t han $1,000,000, anid de-. e'linied Ito subscribe mor4ie than a total oft $4,00l0,000 unless the r'emaining sc. Saiiuel F. Houiistont, vice presideni of the company said tonight that fl( other banking institumt ion in this o1 any other' city would be in the leats af'fec'td byili the failure, 'Thei late Frank K. Hlipple was onm oif the best known financiers of ti city, lHe w~ast born in this city in 1831 anid was admitted to the bar in 1893 At the incorporation of the Real Es tate company in 1885 he was electe< its priesident, which office he 'etaines Mr. Hippie-s Death. Mi'. 'flipple 's death occurred las Fr'iday morning, at his summer hots in Bryn Mawir, Mon tgomeiry COUnlty The eause of death was given as cere bral hemorrhage by his physician, Di William C P'owell. Rumors that Mr. Hlipple had comi )mitted si&cmd were quie,ly .ilen, by )r. Powell and Coroner King, who declared that death was due to nattir al causes. The coroner issued a certi. ficate tint Mr. Hipple had d';Ld of I cerebral hemorrhage or opoplexy. Dr. Alfied R. Read of Norristown, the -Corone*'s physician, state, that af'ter vielving tle body in the ui'es I ence of Dr. Powell, he had agreed that death was dut te to natural causes. Had lie been aware that there, was any mystery about Mr. llipl)le's death, he I said, lie would have made a post-mor teml] examination. An Adventure of Lovers. Asa E%nery, aged seventeen, and Charlotte (1rapo, aged fifteen, were enIinlpg their re.4peetive )arenlts some unesisiness. They were constant com panions, and it was feared that com panionship would ripen into love. In dead it had repened into love, though none but the young couple knew it. One thing they were forbidden and that on tle grmuld that Charilotte was bit a sclool.-irl. Asa wished to take her to plices of' amusement. That w%hiich was unattainable openly was u'i1lertakeii by stealth. One evening they stole away and visited a theater together. When the play was over and they had started home it suddenly began to rain. Charlotte was fright enied, and Asa was, to say the least. worried. liy tlie slory a htey had (4lcoieed t hey were sup posed to pass the evening near Charlotte's house under cover. 11' shieawent home drenelhed (lie story m1iust coie out. Sonething nmst be done to prevelit a wetting. Standiinii bel'ore a 114use was a car rin'. tle driver apparentlv asleep on tle box. No street lamplIl1 was iear, and the location wis quile I the (ldark. Asa put his fingers to his lips and, C leavin,_r Charlotte, liptoie to it, cant- t ionsly opened the d1oor1' and beckoned to her. She caine. got into the car-. and Asa follow'ed. s.Iftly closing the door. behind himl). N were be yol(ld tle reach of a (114111 of rain. Tie sitnation to tle children---they wvere lit Ie More. -was del ithInl. First. hey were phikiib tdorbidden t'l'11t in bein_- there It all: secid. th1ey wvere savin themnselves from disciovery h MCenYMI i 1 1g a car'1iage ill which they had no righ'it. The rainl pIttiered mIer rily. but no More m1erI'rily than they vielle. 1lilt suddenly their satis faction was chagii.ed to fright. The frolt door. of tle hliouse beforle w'hieh B the teai stood opened. A man came out and, after a hasty glance up and doiwn the street, came toward them. The window of the coach was down, and lie threw in a bundle, which fell in Charlotte's lap. The man whis pered something to the driver and St st away went horses, carriage, driver and ri ehlildrenl.li Their consternation was great. They did not dare call to the driver to stop, 1141 tihev were in an agony as to where lie would take them. 'TIe ceuen..I.ce was that they' did what t hey had I never done befor'e-clasped each otiiher tig'htly and waited as if they e'xpected to be driven over a precipice. They were taken they knewv not whither for half an hour; 'then the carriage stop pied. It had hardly' done so beforeP a mani, who must lhave been waitingP for' it, openCied (lie (do(1r. Charlotte ravye a hit oif a shriek. The man, who had extenldedl his hand1( appa)Lirent ly to mrasp somiethiung, suddenly wit hdrew ith withI an etelamation took to his heels. The dr'iver' jumpedlC( from thie biox anld followed himn at full speedl.c Asa got oiut' thruogh thle open door, followed by Charlotte, and they were abiout to hiurr'y aiway wheni a hit of cur'4isty suippolsed to pertain (especi ally to thec softter sex s.toppedJ( theni. "I wonlider what.'s in t.he hle,''(l4? sa1id C'harlott(e. "Nevecr mind.,,' ''It may 1)e solmething nice. Are you i going to leav'e it -'' " es -no. '' lie dai'ted back,seoized it' r anid the two walked r'apidlty away. Asa soon11 recolgniz/ed the strmeet they were't on and kniew that they were not. which, if it accor4ided with their story, they were to have been at home, was passedl. and( they?~ wer'e at a loss what to do. A fler discussion they decided that Chiai'lot to should go~ into the hiouse openly and make a full eonfLes sion. Heri parents wer'e waiting in much trepidation and befoIre she went to bed she had made her confession, was foi'given, and, leaving tihe bundle withtl her father, wvent up to her room to sleep as t ranquiilly as if nothing had happenled. 'But the next morning at breakfast Charlotte ventured to ask timidly: ''Papa, what was in the bundle'P "Paper, my dear; nothing but pa per'.'' And, taking his morning pa t per, he left the table. > After the ep .od' Asa and Charli'ottec .were left to followv their own sweet - wis. No, opp mjI 1 ' was ,. oWie to . i hr.r eing w' ire- I ey liked ingthle'; and although this .spoiled the fun, - :t.' had had ,t.,e-e(xper'ience together I hich i <rmed a sutreng bon-1 of niiion. The Smith We have opened up Z building just below our We have made a suc giving good weight ar We know that we will make a a tem to wit: First class goods, full lead dollar. We have a full line o Oliver 0. Smith and Mrs. Fred. We will continue our Grocery Si Wr. Lawson Bobb w'ill have chargf Come where you can get what y riere than any where else and knov Yours u-sidesther w i('E a my'ster; e moneet - -dt will It for .-: t-ld his twc 11art h:1 0- lth iorninI after it (ecured her a. 'ad cole fo his fati-r's h-e. third gentleian was called in con ulta'iol. [hevy ha I ra '(,1 Asa in and isked i i . vo lit 1. ew.f% he wo per OIs conlneeted with the mystery, irich, of course, lie could not, though A alive loctilions aceurately. Asa au- Clalotte's love --rew stroll er as they grew older. Asa went into usiness, and when lie got $20 a week alary he marched up to Mr. Crape nd asked for his daughter. "Asa,'' said the old gentleman,'' do tou remember your carriage drive 'veral ve-us ago? Well, on that driV. oul captiured $50,000 that alid IeCen .)en from a bank. ic parcel thrown ito tle carriage contained tle money. iarlotte gave it to me, and 1 took it your father witi the story, The resident of the hank Xave us the IwarId offered for tle retiurn of the oney, and the location you g-ave led > lie arrest of the tlhiet. The rewards ir both amounted to $15.000. You Im have Charlotte. and the day you - mariried thlis min',1ev. witi in(erest alt $.18.0110. will be yivenlo vou and h.arlo1t te. share and share alike.'' So it was that tile younz coiple. arle(d life very coifortably. Marie G. Trevor. WOMAN IS MUTILATED. Ddy Horribly Slashed and Disem boweled-Jack, the Ripper, Method Used. A wonan, know as Mrs. Annie oore, was foun murdered early Tues ty in a furnished room at 6 Second reet, New York. She had been lor bly ripped and slashed. One gash) LA severed the jugular vein in the ft side of. the throat, and had al ost severed the wind pipe, the breast ,is badly cut and a deep knife thrust id ripped openi the body, disem >weling it. No weapon was found id there were few blood marks ouind the room1. .Janmes Moore, the wo(man 's hus ,was held by thle polhice on sus Cii. it wvas lie who notified the ilice ofi theo muirder. He ran up to twvo detectives at e'conid street and the Bowvery and da the l hinle had lust gonie to his aine antd t hiouit his sister-inu-law as dlead. The police hurried to the ouse anid began to investigate the rime. No onte ini thle hoiuse couild be tonndi( ho heard any sounds as if a st rug ec was taking hplace. Herman Von lopin, who has an adjoining room, 'as aroused by thie police and said e had b)een in bed since 5 o'clock in hie afterioon and( had4( heard no noises ~hat ever. .Recalls "The Ripper." The horrihle w.ounds found on the 'omnain's body recalled at oince to the ainds of~ the officers anid dloctors who ver'e called the "'Jack the Ripper' rmurders .oome years ago. A hurried inyestigation b)y the police showed o signs of a struggle and( the police oncluded that the wo'mni had been ttacked in hier sleep. f1oore miaintains that he is innocent. tIe toldl the police that he left the ouse in Second street at 7 o'clock lIonday night and went to a Bowvery ;alooin, where lie remained until 10 'clock Tuesday morn ing. Police in pdiries at. the saloon, developed the in.. ~ormation that Moore had been there intil just botore 10 o 'clock, when q1e left. Lodgers in the Second street iouse told the police that Moore re-. turned home at about 10 o'clock and that he did not go out again after wards. Moore was held' without bail to atwait the action of the grand jury. Moore?s son, Edward, testified that his father was accused by the dead woman of having brutally beaten her last Sunday. Moore admitted strik ing the woman. It's queer how much blonder blond Co. Dry Go stock of new Dry Goods Grocery Store on Mittle cess out of the-Grocery. B d measures ancj selling g uccess out of the Dry Goods business measure and short profits, for we ha< f Dry Goods, Notions, Shoes, Hats an A. Smith will have charge~of the Dry ore where you will always find a fred[ : of the grocery store. ou want and save time, as you can co that you will not be overcharged for for business, TI W. E. PELHJ Reliable Ph, We sell Sure Remedie us is Reliable. We guar faction with every packa When your doctor wr bring or send it to us. ( preparing medicines. V practices; we use pures make our highest aim to wishes. Our prices are r Pelham Reliable Druggists, TIlE BANK OF PROSPERI Capital Stock - - Undivided profits Interest allowed at rate of 4 pe Special attention to farmers' small, none too large to enlist our 1 to meet Qnd greet you. Call in. A. G. Wise, President. J. F. Browne, Cashier. Board of D N. L. Black. A. H. HawkLi S. S. Birge. J. S. Wheele C. P. Boozer. G. Y. Hunter N ew berr' Capital stock paid in Surplus . . . . Deposits . . . . We do business on but We extend every cor with safe and sound bat Four per cent. paid or Department. Fii Burglar Pre JAS. McINTOSH, President. H. C. MOSELEY, President. M. A. CARLUSLE, Vice-Pres. THE PEOPLE'S Ni PROSPERI No. 69 Paid up Capita .l. Stockolders' Liability, . Protection to Deposito DIRECTORS: Burglar P~ M. A. CARLISLE.- Bugaa GEO. JOHNSTONE. Polite and JOS. H. HUNTER. We Want J- A. C. KIBLER- We invite W. A. MOSELEY. Wedo a e JOHN B. FELLERS. ciples. W. P. PUGH. G. W. BOWERS. We.receiq II. C. MOBEEVupsm-an ods Store, in the Paysinget new corner. usiness. We did it by oods at a small profit. as we expect to use the same sys I rather have a live dime. than a d Clothing. Goods Store. stock. E. Clifton Smith and me nearer getting what you want anything. iE SMITH CO. iM & SON, Firmacists. s. What you buy of -antee Absolute Satis ge sent out. 'tes yoLr prescription )ur main business is Ve allow no slip-shod t medicines only. We carry out the doctor's easonable. & Son, Newberry, S. C. PROSPERITY, TY, S. C. - - $25,000,00 - - 12,160.00 r cent. on time. deposits. accounts. No account- too >est attention. It is a pleasure '.'Y. Hunter, Vice-President. Hunt, Hunt & Hunter, Attys. irectors: is. P. B. Warner r. J. F. Browne. A. C. Wise. ,S. C. . . $ 50,000.00 .25,000.00 . . 235,000.00 siness principles, sideration consistent sking. i deposits in Savings re Proof Vault. :of Safe. J. E. NORWOOD, Cashier. W. W. WHEELER, Cashier. CEO. JOHNSTONE, Attorney. RTIONAL DANK, TY, S. C. 94 . . . $26,000 00 .' .' ,' 2r,00 rs . . $58,5000oo roof Safe. nd Fird Insurance. prompt attention. your business. investigation. Onservative business on business prin SAVINGS DEPARTMENT. e deposits in this department from 4 pr cent interest allowed, payable