The New York herald., 1877-03-21
A RICH BREWERS ESTATE.
HIS WIDOW AND THREE CHILDREN RECEIVING
NOTHING OUT OF HIS FOITUNE

HIS WIDOW AND THREE CHILDREN RECElv1N0
NOTHING OUT OF HIS FORTUNE.
There in progress before Mr. William Settle,
Surrogate's referee auditor OF accounting
In the matter OF the estate OF the late Christian
schaefer the noted lager beer brewer that
slight importance in its way. Mr.. Schacfcr 1t ap-
pears. arrived here in 1S4s poor man. but by dnt OF
industry and a close application to his business,
amasscd fortune estimated at half a million dollars
when he died August 1874. An employe named
Martin Schwannor, whom be had advanced,
married one Of hts daughters by his first
wife. He twice married, and tho second daughter
OF his first vito married to Mr.. Paul Amond
There were three daughters by HIS second marriage
Some years before his death, and prior 10 his depart
ure on European tour, Mr.. Schaefer made WILL ap.
pointing Martin Schwanner sole executor. This will
bequcathed $15 900 to Mrs. Schaefcr in lieu Of dover.
provided for minor bequests to few friends
and dccrced that ,he residue OF tho estate should be
equally divided among the five daughters. Although
Mr. schaeier returned in good health ho did not
purchased Karls Park, IN Mcross, and expended a
good deal Of money in IT'S decoration, but he also
paid him SO well he concluded to leave
his brewery. TO his two sons-in.law, Messrs.
ship to carry on the business paying Mr. shsser
900 annually for tho trade. building fixtures, &c
Since the death OF tho testaor 1t would seem that his
widow and her three daughters have realized nothing
from tho rich brewers largo estate. The executor
delayed his accounting, and mado settlement with
them beyond giving Mrs. Schaefcr for share,
$4,000, which she believed 10 be mortgage on tho
brewery property, aud on which she has raised no
money whatever.
On application Of Mrs. Schacfcr's counsel, Mr.. J. W.
Covert, Mr.. Schwanner nlado an accounting to the
Surrogate in November 1875. In this accounting no
says that filed an inventory In April lS73 In which
he forth the value OF tho personal estate Of de-
ceased at $24.325 40. HIS power as executor, ho
claims entitled him to Improve and rebuild tho brew
cry at expense Of over $40, 000 which charged
to tho estate Following this proceeding ne and part
said TO have conveyed tho properly to tnird
person for much less than it WORTH and to have
had IL reconvcyed back to them at tho
figure. Then he claimed compensation for hts services
from tho estate at the rate OF $4,000 year,
although his salary prior TO Mr. Schaefer's death
only $50 pcr month. He entered also claim OF him.
self partner against the said
been supplied TO Karl's Park, amounting to over
500 900. said by the widow TO DO some 81, 900 in
OF the amount justly due. To investigate these
accounts the matter referred by tho Surrogate
Mr. William Settle No. 81 Chambers street, about
year ago last January, and several sttngs have been
had already. Tho auditor will SIT again next Friday to
take iurthcr testimony regarding tho In which
Mr.. schwanner has disch argcd his trust toward the
widow and orphans OF his iathcr-in-law Mr.. Covert
represents the widow and her three children.