The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-08
MAJOR GINTER'S ESTATE.
Two Millions Represent a Fair Cash
Value Of The Entire Property.
SOLD HIS AMERICAN TOBACCO STOCK
To Garry on His Vast Improvements In
This City-At the Time of His Death
He owned Very Little Stock
in That Company,

The work OF appraising Major Ginters
estate will begin in a day or two. AS
stated in The Times yesterday, the gem
tlemen appointed by the court to perform
this service are Messrs. James n. Boyd
Fred. r. Scott, C. d. Wingield, w. l..
Walker. and Ben. Lawson
The appraisers will have four weeks
within which to do their work. They
will list all Of the personal properties be-
longing to the late Major Ginter, includ-
ing his stocks and bonds, and will place
n value on the estate.
EXECUTORS KEPT BUSY.
Messrs. Thomas +. Jeffress and George
Arents the executors of Major Ginter
will are too busy men. They were TO-
gether for a considerable time yesterday
in the office Of Mr.. Jefrress, at the Amen
q Ginter branch OF the American IoDacco I..ll..'
Company. When a reporter OF Inc ni,9
called there Mr. Jeffress intormeu nun
that tbere was no statement regarding
Major Ginter's affairs that the executors
desired to make public.
",rhe will speaks for itself" said Mr..
Jenress "In il Major Ginter bequeaths
an of his property ! know anything
about"
SETTLING UP THE ESTATE.
IL Is expected that the executors VIII
be very often together for several days
as there are many things concerning the
estate thev raust confer about. The be-
quests to charitable institutions and 10
friends and servants will probably be the
first paid. Major Ginter is said TO have
left ample cash or property that can
be easily converted into Gosh to meet
all of the bequests that are to be paid
at once. The aggregate Of the sums he
has left to charitable institutions IS W.
800. and there is 10 be paid ont TO per
sonal friends and 10 servants more tnah
Si50.0OO This does not include, OF course
the cash bcquests made TO relatives
VALUE or PROPERTY
The valuation OF 81 100000 placed upon
Major Ginter's estate. when the VIII was
prObated, represents what those hest ac-
auainted with his affairs regard as
fair cash value Of everything owned pS
him. lie did not deed away any OF ms
property shortly before death. as some
persons have surmised nor did he give
away. as far as IS known now any STOCK
held by him In any corporation.
In estimating the value Of the estate
the executors had to calculate what all
the property would bring II put up at
auction and sold for cash. Right here IL
NAV not be Inappropriate to state that
Major Ginter was not as rich man as
ne was generally supposed to be. True.
he had large property interests. and had
invested millions in and about Richmond.
But If his investments had 10 be convert
Cd into cash. the amount realized there
from would be a very small percentage OF
the money he put into the business.
AMERICAN STOCK.
Major Ginter was supposed TO have
owned a very large amount Of The Amerl-
can Tobacco Companys stock. Times
reporter learned last night that the Major
had parted with nearly all Of his stock
I'm this corporation long before his death.
He had been selling it for some time.
Much OF the money Major Ginter put into
the Jefferson Hotel and into the suburban
improvements, I'm which he was interest
ed. was realized from the sale Of Amerl-
can stock.
The truth IS. at his death. Major Gin
ter's holdings in the American were
very insignificant part Of his estate. lie
owned no stocks that were very valuable.
Most OF his interest-bearing bonds had
been sold and the money invested in i'm
provements that paid no interest.