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Show 1W HILLS'S ESTATE VALUE ISBOT GIVEN State Treasurer and Attorney Attor-ney General Halt Probate Proceedings. : DELAY DISTRIBUTION Officers Believe Holdings of Late Banker Greater Than Stated. Hearing on a petition for final distribution dis-tribution of the estate of the lato Lewis ! Samuel Hills, president of the Deseret ' National bank at tho lime of his death, ' July 2.1, 1915, was continued yesterday ' afternoon by Judgo G. G. Armstrong of the Third district court. Continuanco ot; tho hearing for one ' week was ordered after the court had j issued an order that the district attorney should institute an .investigation to determine de-termine if Hills left property that should be subject to the state inheritance inheri-tance tax law. The order for the investigation inves-tigation was issued upon the petition of Jesse TJ. Jcwkes, state treasurer, and Albert R. Barnes, state- attorney genera). gen-era). The petition filed yesterday mornlnqf by the two state officials sets forth that whereas tho court has been petitioned peti-tioned by the executors of tho banker's will 1 o ma ke distribution of an estate of $3524, they have reason to believe that the banker was possessed of property prop-erty much in excess of the value named. Tbe petitioning state officers aver, on information and belief, that Hills made disposition of his estate in anticipation of his death for the purpose of evading evad-ing tho payment- of an inheritance tax. Believe Holdings Large. While the petition filed by the state treasurer and attorney general does not specify what they believe the fortune of the late banker to have been, it is couched in language to imply that his holdings were relatively vast. It is understood un-derstood that their investigations have led them to believe that it niight bo as much as $1,000,000. The will left by the late banker in simple, leaving all his property to his wife, Theresa Burton Hills, and naming her executrix" without bond, with the alternative that his two sons, Lewis Burton Hills and JMgar Samuel Hills, should act as :exccutors of the will should his wife for any reason not be able or disposed to act. The sons filed. the petition for the distribution of $3524 as the total of the estato left by their father. Jt The will of Lewis Samuel Hills was Jp dra.wn over a date of March 30, lflOO, and filed with the county clerk soon after his death, September 8, 3015. The document was witnessed ,by Klias A. Smith and Hiram S. Young. Tt gives the age of Mr. Hills as 70 at the time of the making of the will. i No Estimate Given. No intimation of the property of the banker is given in the will. It provides pro-vides only that his wife shall be his sole legatee, and that his children shall share equally of the property upon her death, should she die without making i other provision, and that the grandchildren grand-children should get. tho parent's portion por-tion in case of the death of one of the children of Mr. Hills. The petition of the state treasurer and the attorney general,' asking that the court order an investigation into the holdings of the late banker, was filed yesterday morning in the Third district court. The investigation was immediately ordered by Judge Armstrong. Arm-strong. Hearing on the petition for final distribution of the $3524, represented repre-sented as being the entire estate left by Mr. Hills, was scheduled for 2 o'clock yesterday afternoon. When it was called an order' that it should be continued for one week was entered. The state inheritance tax law requires that the tax be paid on oil estates that exceed $10,000 in value after all claims against it have been satisfied. |