Show HEAPED UP RICHES AND THOSE WHO GATHERED THEM new york sept 1101 cst centers xi tho accumulation of vast wealth ana those who gather it wan of tho fortunes pass to their account stories of the die poo uon 0 law estates are different io fow speculation is alfo all the time as to bow living multimillionaires multi millionaires of our own state will dispose of proper acs ranging from to in amount and the recent disposition of william C ahl neya excited comment or satisfied curiosity in every circle where topics of tho day are discussed and tn many instances recalled similar scattering af properties and bunds when this or that dives met the fate ot all A moral Is found in each pathetic return of dust to dust some of tho most noteworthy distributions of local estates have occurred within a few years it Is not so very long ago 1848 that john jacob astor died worth william backhouse aslor followed him in leaving a hoard of and bis son john jacob H left to william astor now a british subject adoth pr son of W B aster william astor died suddenly april 25 1892 at the hotel liverpool london leaving an estate of from to in various important trusts his widow who vas caroline schermerhorn received a year and the use of fifth avenue and a new port villa after provision for daughters and grandchildren the residue of the fortune went to the eon john jacob astor his legacy was so devised that bo would not enter into complete enjoyment of it until SO years old tho trust foundations he could dispose of by will jay could who died december 9 when his financial standing was impugned ten years before produced in cash or its equivalent and offered to show more promptly he left behind more than which paid in lax vanderbilt FORTUNES tho vanderbilt fortunes have ranked high la importance and interest and their testamentary disposition has been notable cornelius the commo dore died january leaving an estate of about of which went to his son william U vanderbilt who died suddenly of abart disease at his fifth avenue man lion 8 1885 his estate comprised left in trust funds and residuary amounting to at least as it furnished an income to his widow of and was the basis of the fortunes of his sons cornelius van second frederick W george W and william K vanderbilt cornelius died in his new york residence fest fifty seventh street september 12 1899 because of the marriage of his son cornelius third with miss grace wilson august 3 1896 family relations were strained and the terms of his fathers will were on this ac count awaited with interest the estate amounted to about an assessed personality of and the taxes amounted to for this state and federal war tax when the terms of the will were published it was found that cornelius the eldest son had been given from a trust feind and the income of tho first sum from a trust fund of left by his grand father W H the bulk of the estate went to the resl luary legatee cornelius youngest brother alfred gwynne vanderbilt and to about and his brothers and sisters fared as follows gertrude mrs harry reginald C and gladys moore the widow who was alsa alice gwynne of cincinnati received 1 an absolute gift of the use for life of 1 west fifty seventh street and the breakers at New annual of and artistic end other of great value out of the grandfathers trust fund corneluis Cornel his brothers and sisters each received or thrice alg share fehon of tho will by cornel iuspa imminent the second son alfred the chief beneficiary gave bla eldest brother from brotherly affection and for family harmony and litigation was dropped all of the of the estate of cornellus Cornel lua second were of tho strictest Bl Hedged class the schedule of the was railroad stocks bonds real estate mortgages cash insurance horses promissory notes 2400 total of the were 1400 shares of the union trust company worth at the time of appraisement 1 each of new york central alake shore and new york cen aral central collateral 3 12 per cent bonds chares of new york central and hudson river railroad at shares of harlem at shares of chicago northwestern at shares 0 wagner palace car company at 12 1 2 and chares of big four at ac 12 1 2 RAILROAD KING codis potter hunington the great railroad maker and steamship build ct and line founder died suddenly august 13 1900 in bia seventy ninth year at hi adirondack camp pine knot raquette lake and until an appraisal of his catalo was made known it was supposed that in which be had been involved and adverse had impaired hla fortun 0 o bat bo wag little more than a dollar man his to exceed and the abate inheritance tax by his executory exe cutora would hava beta bad they not on february 48 sent a check tor thus bavin by paying yuli in elx months no appraisement had and he iche dulea felled was by the executors the widow arabella U hunington C H tweed and isaac K oates by the terms of tho will lira huntington received IS af southern pacific stock a trust of two thirds of tho residuary estate or about a life interest in the bouse at fifth avenue and fifty seventh street which was built eo that her dread of alro ceased and much balc a brac and the of a great henry E nephew received in southern pacific ack and bequests in trust funds were made to archer M huntington an adopted son and to clara elizabeth princess von mattfeldt Hatt feldt adopted daughter who had been liberally cared for during mr Hunting tons life the hampton institute received and the homo for tho aged the art gallery of the decedent will at mrs death of archer M bo tho property ot the metropolitan museum of art and the mansion after the widows death will bo archers for alfo and go to yale university it bo dies childless the residue of the estate comprises the investments at newport news the pacific improvement company etc TUB SILENT MAN no end of speculation haa been rite in regard to the windfall of some that came to the already rich clubman man about town and wall street market watcher james henry smith the silent man we uncle or cousin george smith a scotchman who was a chicago banker and made tho bulk of his money in the united states died a bachelor at the reform club london october 7 1899 leaving an immense fortune his will filed in london november made james henry smith of london and G A cooper of elgin the residuary leg alees beatrice I 1 farr haa claimed that mr smith was like her only a second cousin of the testator but there has been no will contest in the house of commons in february 1800 it was stated that the smith estate had increased the british exchequer by 4 in inheritance tax at 8 per benl 0 o eliat a burrse of the fortune at was bad comptroller bird S color was alert in the interest of new york states and in his percentages and in april 1900 he announced that james henry smith had fallen in with his vows that he could well pay an inheritance tax on of george smiths fortune and this led to go ing the treasury of the state of new york under the war revenue tax law the legacy paid to the united states without protest by james henry smith the distribution of ahe coclet real estate fortunes was in circumstances that were interesting and of like na ture both ogden and robert goelet died on their own yachts in european ports and thear property interests were largely identical DIEU ON YACHT ogden coclet whose possessions were estimated to be worth from to died august 27 1897 on his yacht mayflower at cowes isle of wight almost his entire estate was left to his widow who was mary R allson and their children may goelet now the duchess of roxburghe and robert goelet II 11 mrs goelet in official proceedings valued the real estate in this state at and the at hor husbands will left her an income of a year the property fifth avenue and 4 west forty ninth street a mansion and real estate at newport the income of a personal trust of and much valuable personal property the children were amply provided tor among the realities left in trust for the beneficiaries of ogden goelet were his interest in the hotel imperial the san carlos the gorham and judge buildings and broadway 10 east twentieth street Wal lacks theater and the kemble building robert goelet passed away april 27 1899 on his yacht nahama in the bay of naples leaving an estate of 40 largely in real property his heirs were his widow henrietta louise born in warren and their children beatrix who died and robert walton the goelet realty interests after the death of ogden goelet wore adjusted they involved from to and yielded an income according to john D crim mans of mrs robert sic let received ander the will a year the yacht labama a bouse in fifth avenue and a newport residence to revert to the children miss goc let and her brother were shared in the residue of the estate and to alea goelet was willed a tuxedo residence the eon received a fishing cabin on the and interests in tho hotel imperial san carlos and the winchester lea at his mothers death the newport estate will bo his the fifth avenue residence wa to have gone to hla slater COPPER MAGNATE one of the recent large estate als was that of boonard Io onard lewisohn ho copper magnate head of tho united states metals selling company who died in london march G 1902 while on a visit leaving a fortune 0 about the except about in specific bequests went to his children beeso walter frederick oscar A ance and irene lewisohn and julia and florence L henry nieces the residuary estate out 0 which heir bequests came included tho yacht irene a seal on tho stock exchange a residence at 14 east fifty seventh burcet and a solid line of securities ot which were bonds philadelphia reading railroad coal and iron brooklyn union elevated st louis southwestern union pacific first lien convertible pittsburg lake erie west virginia pennsylvania company guarantee trust stocks amalgamated copper shares tennessee copper company shares utah consolidated mines limited 12 shares valley railroad bharms chicago milwaukee st paul 1600 shares preferred united metals belling company elarea new york city corporate stock registered baltimore ohio railroad 1990 shares tamarack elnine company shares metropolitan street hallway 1009 shares new york ontario western shares united states leather company shares consolidated gas shares national bank ot north america shares santa fo gold and silver mining company beares feather river exploration company shares canada southern railroad 1050 chares international banking company shares |