Show GOULDS TAXES Question of Inheritance Argued in New York New York May HThe proceedinss brought by the heirs of the late Jay I Gould to have the amount of the inheritance l 1 in-heritance tax fixed was argued before the apccllte division of the supreme court today I E = Senator David B Hill counsel for the cIty and county of New York who was expected to mak the leading anu I mont ws absent when the case was called and John R Dospassos made the i argument He urged tht the legacy I of 000000 to George Gould was In reality a mere gift and was not a payment of I I I debt for serces rendered by George i Gould for his father The CjOOOOOO re I I fepl l to has been exempted by the sur rr t IIPJJ ib 1 n vli W nrobatod I ExJud John l Dillon argued the I pfu 10 the heirs His contention Is that the S5000000 was payment of services serv-ices rendered by George Gould for his I father several years prior to Jay Goulds death Ho also argued that the legacies were aiTised too high and that the I amount of the tax by the surrogate 51 001 was much too large The decision Was revered I The Gould estate was aiwised by David McClure who was appointed by 1 Surogate Fitzgerald at SSl000000 gross and 73000000 tz1r IUn I he fixed the amount of the tax at J57S 000 Fom this I decision both the state and the heirs appealed ap-pealed The chief ground for the states I aneal wos that Mr McClure allowed a i claim of J3000000 for services rendered by 1 George Gould to his father to count as a i GeorgI I debt against the estate and to reduce 1S1 I net value by that amount The chief point on whch the hers based the ar neal was that the securities which constituted l con-stituted the bulk of the estate were wrongly I appraised They assert tit if the Gould securities had been thrown on the marret at once there would have been a fall In value of 20 or 20 i > er cent I or even more To appraise the shares at the quotations on the stock exchange at argue the time unfair cf Mr Goulds death was they I |