The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1899-04-27
THE LANDRETH PROPERTY,

derfully clear in its terms and the dis
tribution of the property as bequeathed
will be easy under its terms DR.. a. {.
Fraser is named as executor and the con-
fidence the testator had in him is well
shown by the authority given him to
dispose of the property as his Judgment
dictates, if it becomes necessary to do so
without asking leave of the court.
The requests made to relatives outside
the members of his own family are
very liberal and aggregate Sl1 900. These
requests are mainly TO sisters and nieces
The estate is valued at $50. 600 and
there is life insurance amounting to $40
600 of which So, 600 are payable to Mrs.
Landreth. She receives 80 shares of the
capital stock of the Albert Landreth Co,
and one half the personal property and
real estate. She already had in her own
right some of tho stock Thehomestead
is likewise hers.
The balance of the stock, 240 shares,
and half the personal property and real
estate are given TO DR. Fraser to hold in
trust for the benefit of the three children,
and he is authorized to vote the stock at
annual meetings and 60 conduct the bust
ness in such manner as his Judgment
might dictate to make it profitable. The
stock is to be held by him in trust, until
the youngest child is 26 years old. Each
child is to receive so shares and pro-
portionate share of the other property.
The proceeds are to be used to educate
and otherwise provide for them But
they are not to come into actual posses
sion of their legacy until they each at
tain the age of 26.
The responsibility thrown upon DIR.
| Fraser comes as much from the gener-
Gus confidence of the testator in him as
| from the magnitude of the trust As
trustee he has controlling interest in
the business. 1t is his intention to take
charge of the financial affairs of the com
| pany as well as to exercise general super
vision But the actual management of
the business will be attended to by ]. T.
Brooks. Mr. Landreth' nephew assisted
by the men who in the past, have had
charge of departments of the business.
Mr.. Landreth had rare powers of organ
/ ization and he educated the heads of the
departments Of his business to degree
of proficiency in their special lines which
made supervision merely nominal and
| the business ran smoothly because of the
perfect adjustment of its parts. He ex-
ercised only general supervision holding
each subordinate responsible for the spec
ial work assigned him. The affairs Of
the company are in excellent condition
and everything is so systematized that
all that is necessary is to start the well
constructed business machine TO running,
and it will run as smoothly as if in per-
sonal charge of the genius who built It.
DR. Fraser will not give up his prac
tice as it was at first feared he would
have to. He is now satisfied that this is
wholly unnecessary as the business is
firmly established both in repution and
capacity for output.
The contract for the Williams Build
ing will be let May g. The old buildings
are now being moved. That on the
corner will be moved close to Willotts
axe factory and will be occupied by
Pasewalk as a sewing machine store.
The other will be moved south on the lot.
In the new building Theodore Schmidt
man Sons will occupy the store at the
corner and Charles Groffman will have
his drug store in the room adjoining and
to the south. Schenian 81 Kelley will
have their law offices ON the second floor
over Schmidtman Sons store. They will
be the neatest offices in the city, being
arranged with reference to comfon, con-
venience and cheerful appearance DR..
Thurtell and DR.. Meany will likewise
have offices on the second floor.
There is some talk of changing the
plans 50 as to erect a larger building, the
| addition to be used for the council room
and city Offices But this comes more
from suggestion than any serious inten-
ton.
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article and ready seller, affording large
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Address 926 Majestic Building, Detroit
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DANCING SCHOOL and Sociable at the
Opera House on Friday April 2Sth. Prof.
Wirth will arrange for two special at
49,, %; o,,. , r,o,,,;,,a y o6pad White rolv