The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-12-19
Accounts Objected to.

Judge Gaskill spent nearly all day Sat
urday listening to the objections to the
accounts of Carrot " Margerum, execu-
tor of Reading Margerum, deceased. Sam
uel W. Shinn and Judge Hendrickson APP
peared for the exceptants. They claim
that Carrot had managed the estate more
| for his own benefit than for that of the
other heirs.
The exceptions aver that at the sale of
| property of the estate, Garrett purchased
houses and farms at his own price or else
arranged it so that brother was let into
the scheme whereby the property went to
one or the other at low prices. The home
stead farm was bought by Carrot in March
last, but he has not charged himself. with
rent from the first day of January to the
day when he got possession. 1t was also
claimed he had not used due diligence in
the sale of stocks, but had allowed them
to go at much lower prices than might
have been obtained with little more at
tention.
The first witnesses called were real es-
tate and insurance men from Trenton
They were to testify about the value of
some houses in that city. At the sale of
that property there were but two bidders,
Carrot and his brother Reading. One of
them bought a house for $502 the other
paid 1890 for the adjoining property. The
witnesses said the two houses were worth
at least $3.50 each. These were witnesses
for the exceptants, and as soon as they
left the stand the other side put two more
men in the same business from the same
city on to show that property is at very
low ebb in that locality and that the estate
was lucky to get rid of the houses at almost
any price. One of these witnesses said he
was agent for the houses before they were
owned by the Margerum estate and had
offered them for sale for long time but
was never able to get them off his hands
He now has houses in the same neighbor-
hood that he would like to get an offer on.
The homestead farm near Mount Holly
was also bought by the executor. His
brother-in-law testified that his wife
would have purchased the place but
Carrot informed her she could not get it
at any price. The heirs complained some
what because they had not had bills of
the sale of the properties mailed them.
In the exceptions there was an item
charging that Carrot had loaned the
money of the estate and had received a
bonus in each instance and had put the
latteri his own pocket. Garrett showed
that the bonus had been charged by the
lawyer who drew the papers and he had
not profted by the transaction. He also
told of all his transactions regarding the
sale of the farms, and explained many of
the exceptions. 1t had been charged that
he was in possession of two-mortgages
which he had induced his father to give
him. Counsel for the exceptants en-
deavored to show that this transaction
was not square, but it was clearly proven
that the papers had been transferred to
Carrot year before the death of his
father.
The hearing in this case occupied near
ly the entire day and at half past four
court adjourned until Tuesday, December
26, when the exceptions will again be
heard. Samuel A Atkinson and Mark r.
Sooy represent the executor. Before the
court adjourned Margerum was asked a
single question by the latter in reply to
which he said that Mr.. Atkinson was not
cognizant of any of the bonus transactions.