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Show Morgan's Works of Art Valued as High as $50,0,00,000 New York, March 2 Unusual precautions pre-cautions have been taken by the customs cus-toms authorities to guard the art treasures valued at many millions and Imported by J. P. Morgan from European Euro-pean museums and galleries to this city, during their transit to their final destination Cable dispatches from London state that Mr. Morgan has placed a valuation valua-tion or $20,1)00,000 on the treasures, while Michael Nathan, tho official assessor as-sessor sent abroad by the treasury department de-partment to inspect the art objects, bellees that $50,000,000 Is a closer estimate. Tho first shipment ot the art has already been received and another is expected within a few days. Net one of the works of art is handled hand-led by local examlnerB or appraisers Tho cases In which they arrive are not even opened and the invoices of lists of articles describing the shipments ship-ments are accepted without a question and passed without examination. Secretary of the Treasury MacVeagh detailed Deputy Nathan to go abroad and represent the customs department at London. Nathan examines each article ar-ticle packed for shipment nnd notes whether or not it is entitled to admission ad-mission free of duty An unpacking of the shipment hero for customs examination ex-amination might have caused an injury in-jury or destruction to some of the priceless pieces of art. |