The sun., 1892-04-03
TILDEN'S ESTATE DIVIDED.
THERE rs s1,700,oOo NOW FOR THE
PUBLIC LIBRARY

THERE rs s1,7oo,ooo NOW FOR THE
PUBLIC LTBRARE
Mrs. Hsznrd Takes Mniion Instead OF
s1.5OO.O0o, ana There IL sAS0.oeo
Apiece TOR the SIX Other Heirs-The Ex.
ecutors' Accounts Closed Excerpt for
$500 900 Reserved for Contingencies.
An alarming rumor was current down town
yesterday to the effect that when the great
Samuel J. Tilden estate came to be examined
into for final settlement with the heirs q
large shortage was brought to light This
amount was variously stated. some accounts
putting It as high as S3.000.0OO. Lawyer
Lewis Cass Ledyard OF Carter 4 Ledyard.
counsel for the executors Of the estate. was
seen yesterday afternoon at his Office. 54 Wall
street. by a reporter for THE suN. and was
told Of tho rumor. Mr.. Ledyards faco as
sumed m expression OF amused surprise.
"Thereis Just this much truth in the rumor"
he said. Every figure OF the executors &C.
counts was examined by accountants engaged
BY the heirs. and they bad nothing but praise
Tor the admirable judgment and caro- with
which everything had been managed. Last
Tuesday tho heirs and the executors met ut
tho house In Gramsrcy Park with their coun-
sell and final agreement was executed and
accepted for the settlement OF tho estate.
Yesterday the last OF the details Of the division
was completed. the agreement has been
signed. sealed. and filed. the heirs and the
Tilden Trust have each received their
shares. and tho executors arc released
from all possible responsibility except as
to sum OF S5OO.OOO which was reserved to
them to meet certain contingencies that might
arise In regard to minor provisions OF the will
The deficit II you choose. is deficit Of the
whole. for It has all been paid out by tho ex.
ecutors and nothing but the $500. 900 remains.
The estate has been admirably managed in
every respect. It has been materially in
creased under tho control Of the executors
and the plan under which they acted made 1t
practically impossible for there to be any
shortage. No ono Of the executors could
touch, any Of the securities: it re-
heirs began tho examination q the th'SS ACCOUNTS IT'S
sns s ase est
the plan Of division. which Judge Countryman
!wh9 is counsel for five % out M q the si5 hetrs
the examination. Which was about two weeks
ago. they expressed great satisfaction at the
eoats q Se
seeurisiss. PIT that Was Of no Consequence.
Court q Appeals il Albany was teiesranhed to
SsE on sf sS for sssnss Ss
ssss!ntoTs;; began suit IN the saprsme Court Of q
q getting shs i GSpfts s CONSTRUCTION 81 p PrS;;
called into, question: Tho heirs had al
ready Mled petiti0n. 0n.v with VT the suETo,
q tho tho Court q Appeals. the executors did not
easestoa a .Aas hg
e Judge
sS the aceoSats should b made at the vountsrS n
request Of the EXECUTORS. The result in either
| the Initiative should come from them. For
Sss to eaps MI h. s&ss fs ss he
| ecutors for voluntary examination was at tho
time refused BY the heirs. Then the cxecu-
Of the Surrogate Of Wcstchestsr county. % ask ask
OF the sssn Of sh II. sy
6s5 Judge %S
and eT the S SaccountSnts % went to Work. ''' .''a'
ecutors asssmpled ct the Tilden house. -
esste Il Gays e. nsh t6s
and seed s
been set aside for the executors to meet tho
aboys referred TO- ths estate
sS nssSs SssssSdS$ iTS% Fa$pP
ssf \ sF'!ssf q sns 1sS
f. fiqsi to Tssn uSsd Il
descendsnt s; oi Mr. Tildens Sister: Mrs Peton:
. Appeais. she Would be entitled to one. half Of
| the estate. She relinnuished her claim. how
e hs n eu Of ss1 sa sSe
nds bs ' out e MeFe
sss ha hets ssS who Part oif1fh 81
ssn ssGh Es HsnFstia sma' sWas sasn Gesris
TRe sscS6oo o rescrved Sc Iy the % Executors Dpi Tor
contingencies will remain In their hands until
Of OH the minor provisions OF the Will Containing
should decide AGAINST the legality Of these
T same manner az. tho bulk oi the estate.
thorts MSS ths sftRsa ths the WAS
estimated at $500 CoG and M that the division
fund and the remaining S. 400. .0O0 was d.
vided into portions Of $45OO0O. which Is the
the t other r SIX portions. s270o 900. Mrs. Hazard
has already received, 81 l;00O,O0O. SO that the
Tiiden Trust received $l.70O.OOO with which
Executor John Biselow corroborated what
Mr.. Ledyard had said ,al about the satisfactory
feWSIi WHITE II: FL PIAiNs. April 3~Wiiiam II. Teed.
county to appraise the value Of tho Tilden ,es-
meat is made for the purpose Of determining
the amonnt Of tho collateral 9r herttance tax
the teststors death liar less. In this Instance
than its present value,. and the tax Is com.
puted on this valuation after oil expenses oi
not give even an approximate idea OF the
| actual residue already divided. which is nn-
ierstood to bo S5.4OO.OO0 These are the