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Show ESTATES OF OUR RICH ARE VERY OFTEN MUCH OVERESTIMATED. " i if 4 r " Bmdstrcct's thinks that mistaken ideas often prevail as to the size of the estates which prominent prom-inent individuals leave behind them. Instances where the possessions of wealthy decedents have been underestimated nrc not uncommon, but the general tendency is towards exaggeration in such matters. This has proved true in regard to the estate of the late John Picrpont Morgan, which the New York authorities have finally appraised ap-praised for Inheritance tax purposes at $78,-149,024, $78,-149,024, exclusive of property, the value of wlifch is not stated, outside of the state. The figures in question, however, full short by nt least twenty-five million of those at which the deceased financier's possessions were currently estimated. The largest item in the published inventory comprises com-prises Morgan's interests in his banking firms in New York and Philadelphia, which are placed at $20,875,817, the second In point of Importance being the stocks nnd bonds, appraised nt $18,-933,051, $18,-933,051, while his famous nrt colJpctlonn together to-gether with the contents of his remarkable library li-brary represent nn nggregulo value of $12,733,-986, $12,733,-986, the real estate holdings being put down at $2,070,916. Exrdnhiation of the inventory of Morgan's Investments reveals some curious facts, one of tho most striking of which Is that1 the master of the American financial world held it considerable amount some $7,000,000 oi ' bonds or stocks of dubious value. It is also noteworthy note-worthy that his individual holdings of United States Steel securities were limited to five hundred hun-dred shares of the common and one share of the preferred stock of the organization In question. |