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Show MORGAN MUST PAY INHERITANCE TAX ON DIG ART COLLECTION New York, April l.-Although the legal limit of two ears within which J 1 Morgnn might lane escaped tho necessity tf pajlng un Inliorl'anro tn.Jt.ujipn his art collection by giving it to a public Institution expired to day tho Morgan estate had not signified signi-fied to tho stnto comptroller Its Intcn tlon to make such a disposition ot tho collection. Comptroller Trnvis was qultcd ns saying that whllo ho would like to grant an .extension of tho tlmo limit tho lnw prohibited tho remission of 'tho Jnhorltanto tax on any gift made from the collection nftor tho expiration expira-tion of.thq legal limit. Tho Morgan collection, now on exhibition ex-hibition ln tho Metropolitan Museum of Art, has been estimated to bo worth between $45,000,000 nnd $70,-000,000. $70,-000,000. This Inheritance tax on It, has been estimated at from $2,000,000 to $3,000,000. |