Salt Lake Tribune | 1911-12-03 | Page 8 | Father of Heiress Fails as Guardian

FATHER OF HEIRESS FAILS MMl Edward K. Stallo Resigns His Charge; Girl Spends I ler Money. Bv Leard Vi-! to The Tribune Ntw voriK. Dae. L Bdmpnd k. .-'t.illo. rather of Helena McDonald Mallo. has written out his resignation as guardian off his ejir-.ll daugbter under tlM will of her grandmother, ltuia MoDonaid, and ui Tuc-.j.i" next iio will praaant to Bvfraftata Rowttr i- eoeonnt aa guardian nn.o April. 131". ami ask to bo absolve.) from further rcspon?ihll-ity. rcspon?ihll-ity. He states Ula reason tot this action ac-tion is that he la In poor health and is contemplating i ex landed tour abroad. A irue.i of his account of nil guau dlanshlp iiiav .-how an additional roa on why he no longer eafea to act. It indl'-at . that mi c hi- nppoininx-iii w. prll, UMO, up to October 21 Inat. tlie m.-omn i"f tlx: .J:':,ff'.i i . ' . "' has !.-n $IR,n?. wlul" f!i' I"'- ' M" tided f.'l t" As there a us nn additional sum of ontrtbutci to the C5tat from other sources than direct Income, it follows iimt the Biri lived within her present mean- ai.'i has a h:il:n.-o ...f JMaO due and anove iier total income. gi , . p arf tton as guardian of his u-rtren u-rtren baa not bet n a bed of ro?e. eiren ilvrKiilj"c their expand: tun", f-.r lie Mttrety companies with which be hnd Med a bond of Mine HOO.OOO carried their ilcht against, hlin so far as to apply for ill:, removal. After protracted irsi battle staiio on out Htid Surrop.Me CohalaO ordered '1-a.t. as tl" e?tatc of the two pirls con-slsted con-slsted aolely of ?; ares each of the . tork of the standard on compaay. there w,tf IM rifr! of tiling a large bond and ordered the BtOCk deposited with a trust ompany niibje-t to the order of the guardian, guar-dian, of course counteralgned by the surrogate. s stallo haa been appointed guar- d-in of his ehlldPMi under thn will of tlieir gsandmtoher. the grandfather. AleX McDonald, the Standard Oil magnate, . s died and his estate Is Mill in pro-asi pro-asi -.f settlement, it na? first reported that th estate would Inventory upwards of fBiTOOO.OOO, but when Siallo. aa the cxacutof, filed hi account iti November. ItlO. it was found the Arm of Mr.pon-aJd Mr.pon-aJd i- S'a'.lo. composed of MDonaid and U ionln-law, wa.n Inaolvenl nnd llabfl-'tle.s llabfl-'tle.s on account of t 't Alabama Securing Securi-ng company In the building of the few i rl"a:i. Mobile Xr Chicago railroad had napped the eytute so that barely $1.00i.000 remained.