The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-05-09
TEIEGRAPHIC
FAST YOUNG MEN.
How they wrecked heir Esta:

How they Wrecked their Estate
New York, Tin the Sopreme Court
Today, much excitement was created by
the development Of a peculiarly interest
ing and romantic story. The principa
actors are young men of high socia
standing and wealth. The story is as
follows: In '69, W. 4. Tilden, a relative
OF Samuel j. Tilden, died, leaving an
estate valued at $1,000, GOO. He dis.
tributed 1t evaally among four sons
William, Wilend O., Marmsduke. and
Beverley b. Tilien, aged 20, Is, II, and
9 respectively. Josiah III. Fiske, VIM.
Blodgell, David Lows, Charles Tracy,
and N. o. Ell we're appointed executors.
In '7Othe executors employed an Italian
named Bisggi, as tutor and manager
for the boys, and they were sent to
Europe. ln Paris they occupied rooms
formerly occupied by the Prince OF
Wales and other members of the royal
family Of England. They then pro.
ceesed to Berlin, and lived in sumptuous
style, expanding in sixteen months about
$40, 900. The eldest Of the four, William,
purchased place in Coburg for $40, 900,
and with the title of baron. While in
his palace he became very much inter-
ested in the wife of the former owner,
and very soon was under complete con
troll OF her husband, to whom he gave q
power Of attorney, and permitted him to
purchase furniture for the palace. One
of the executors discovered the state of
affairs abroad, and by the payment of
very large sums Of money, the young
man was eXtricated from his
difficulties. The four then con-
CURED in the idea of giving q
ball IN honor Of Americans in Germany.
They hired an immense hall st great ex-
pense and gave ball which was widely
commented on. When they returned
home the executors footed up their ex-
penses for two years and four mouths, as
$4,000 dollars. They we're sent to
Hazard College, bat did not remain
there. William was made executor of
the estate and, in 1877, partner in the
business formerly carried on by his
father. This he was compelled to give
up owing to his inability to manage it.
Many Aecountings were hsd for large
counsel fees paid. In 1877 Gustavas G.
j. Iheband MS appointed guardian for
Beverley 3. Tilden. Re received !, 25O
dollars. Afterwards it Is alleged he was
locked up in Ludlow Street jail for eleven
months for nlieappropristing 15, OOO dol
ars belonging to another estate for which
he YVES attorney. From the accouptirS
now in progress by the referee it appear
that the two eldest sons have been paid
175,C00 dollsrs more than their share.
1t is also charged that mortgage for
l6O,O00 dollars on jersey City property,
with interest, was collected by the execu-
tors and that one Of them deposited the
money to his private account. The es-
tate is in a bad condition and will now
yield but 100, 900 dollars to each of the
youngest sons. The executors ale
charged with procuring ratification Of
their acts 0y threats Beverley B. Tilden
now seeks to have the various account.
lngs epeaod on tho sIUuGQ That tho av.
penditGres were foolish and rash, un-
necessary and contrary to his fathers
will. He also claims the executors
should be charged with the unnecessary
expenditure. The executors make gen.
eral denial and declare they have &C
counted for every cent they spent anC
that the boys when they came of age rat.
lied their acts.