New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-12
SETTLING A LARGE ESTATE.
THE JONES PROPERTY DISTRIBUTED.
LEX WORK or THE ExEcuroRs-vALuADLE

QUICK WORK OF THE, Observation-Disclosures
INVESTMENTS PROVIDE FOR MANY HEIRS.
Tho estate OF Joshua Jones, the rich bachelor who
lived at the NewYork Hotel for many before his
death sixteen months ago, marked for decree in
the surroeate's Office yesterday. This decree will dis
tribute about 81 O500oO, all that remains in the
executors hands Of the 81 900 which they realized
from The estate. The estate, which consisted of
real estate in various parts Of the city, and invest
ments in wide range of the best dividend-paying
vecurities has been turned into cash by the executors
under the provisions of the will, and has been dis
irIbued among the thirtysix heirs mentioned in the
Will The whole affair Will be closed up within
thirteen months from the time the estate fell into the
executors hands The amount of work involved has
been enormous, and it is believed TO be tho quickest
settlement on record of estate of such size.
There were over 200 parcels Of real estate sold at
auction TO which titles had TO be traced Much of 1t
had boon in the Jones family for three generations
and the family history had to be traced New surveys
had TO be made and party walls reestablished Gu
riously not an imperfect tide found in the lot
The Jones auctions have been marked features OF the
real estate business during Ee last year; good deal
was sold in districts whore there had been no recent
large sales and the prices did much 10 determine
values notably in the big 50 100000 sale OF land
of the Park I'm the drygoods district in Maiden
Lane and Coruandt-st. The stock of the Chemical
81 100000. but the other personal property was
distributed in comparatively small lots in liz other
Investments and securities.
good deal of this property was inherited, MI
Jones being the last surviving member Of his imneulde
family. The original proprietor of Jones's WOOD was
his ancestor and his father Isaac Jones' who died
in the early part OF the century, leaving handsome
property Joshua inherited not only his proportion
Of his fathers estate, but ultimately the shares oil
brother and two sisters who died without Children
His Inherited fortune largely increased by 1udcous
Investment particularly IN real estate In the best
business parts OF the city. His good business ladS
ment is shown by the that while his estate was
appraised year ago at $60oOOOO 1t yielded the
executors almost $4,000 600, and the income While In
the executors hands was 100000.
Mr. Jones was born in ls06, but he retained the
personal supervision of his property during his life,
and shortly before his death he began building dwelling
houses on his vacant lots in Seventy-fourth-st He
furnished for his WILL made in 1885. the list Of his
thiry-sX relatives the nearest of them first cousins,
and the Others descendants of cousins and he forgot
no one entitled recognition. There was an I'm
preston that heirs were wanted and the executors,
G. G. Williams and John T. Lockman,
have received letters of inquiry from several distant
Joneses. The heirs. however, with exception, we're
all NEWCOMERS, ard they were clearly described
IN the will that there basis for opposing
claims. They are all descendants of Joshua Joness
three uncles John Mason, John Jones and Joshua
Jones' we'll known in the city in tho early part OF
the century. The property is distributed IN nlnths,
twenty-sevenths fifty fourths and one-hundred and
sixty seconds, the children Of dead heirs taking col
lcctivey the share which their ancestors would have
taken II living The cousins inherting ninth parts Of
The estate are Mary Mason Jones' the daughter of John
Mason and the widow Of Isaac Jones; George Jones,
a son of Joshua Jones, and Henry Mason, son of
John Mason. Other heirs inhcriiing from twenty
seventh TO a one hundred snd-sXy second share are
to ~
J. Nelson Potter: Elizabeth 5. Jones. William J..
Eugene j. and James 3. Cruser, William, Edmund IL.
and Frederick 4. SchernelhOm. Ellen :, wife OF X.
r. Auchmuty: Helen Langdon, Edith, wife of c. o.
lseln; Helen Jones. Sydney COlford Henry Mason,
James s. Jones. Eleanor c.. wife of A. NewbOld
Morris; Cornea 5, wife OF John steward, ir., aud
the children Of James Mason.