Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-06-21
Conservative Calculation Concern
ing Value Of Armstrong Estate.
PUBLISHED ERRORS SHOWN.
Attempts 60 RiS Definite values are
Nothing uorc or Less Than VIVA
spccuiation-rhc wiii.

late Hon, Francis Armstrong were be.
llevcd by an 20 be- large. yet now IL
u being learned that De had many
more Interests Ia business enterprises
throughout the state. than many even
% those closely associated with him.
thought They nrc surprised at his
big holdings The reason is that Mr..
Armstrong very seldom spoke of his
financial Interests. Probably no one
before his death. except himself could
have named any more than a fraction
al part 0f the enterprises In which hls
wealth IL Invested. and even members
o. his own family are surprised upon
learning % n number heretofore I'M
known 10 them.
Since the death Of Mr.. Armstrong
fpcculhtl0us and rum0r concerning the
amount o. his wealth have
become common, ana oven found
their way into print as II the express
sion Of truth.
A statement IN morning paper
putting the value OF Mr.. Armstrong;
estate at 100000 h thought by one of
his closest friends to be altogether
Wide Of the mark This party said 20
a "News' representative that the val-
uu Of many oi his holdings would have
Co De Fixed BY regularly appointed APP
praiHora and any statement now must
be- the mercst guess. The value N
the Blnckfot Ranch 10 entirely I'M
known. the street railway stock IL
another value entirely problcmntlcnl
Mr. Armstrong owning both stocks
ana bonds ln that company, the Utah
Power company stock u also one
whose value while unduuhtrd, IL IN
the future. and what view the apprnia-
ora viii take Of this and the other
UHAWNH IL "a flmN u al
The Informant OF the "NcwH' said ln
bis opinion, though he might De- IN
error. the estimate ~ 5000 900 would be
found NJ least 100000 too high.
The statement made that the Will N
Mr.. Armstrong hvuueathes une-hllf uf
hls wealth 90 his eleven children and
tho other half 20 hlH wife tlll her death
when %. too. should go 90 the children.
D. denied hy an clicr son of Mt ARM
strong. na bglng entirely wrong and
RinrnTly fictitious.
Though The viii NJ Mr.. Armstrong
has been read by "a few % the heirs. Ne
contents VIII not be- made public until
the return ~ Mr. Armstrong; nttor-
ncy Judge LcGrundc Young when u
viii be filed ln the probate court The
family consider u too soon 90 make
public the provisions NJ the Will at this
The statement that Mr.. Armstrong
owned mining property extensively In
various parts u the State. o. also cone
trudictrd by members NJ the family
and by some closely connected ia huHi-
ness with Mr. Armstrong. n he owned
any mines or mining stocks at an they
are too small 90 be- of more than slight
value. Mr. Armstrong can not be- said
to have been mining man.
He was the principal stakeholder 81
the Utah Commercial uud Savings
Bank uf this city, and WIS ita presl-
dent from the time N o. organization
to hls death. ilc Or said to have held
about goo shares Ia the bank is value
being $4,000
Nj Armstrong was perhaps the Sec
1nd largest shareholder IN the
Lake city railway company ana was
vice president 10 the same. Ito also
held o. large block % ltH bonds, but had
cold % few within the past several
months.
Ho was sole proprietor ~ the large.
aud valuable ranch about i've miles
north of oxford. Idaho known uH the
Old church Ranch. 10 lH one NJ the
finest ranches iu the west and CONE
prlsos altG acres
Sir Armstrong was 70 partner and
one of the founders ~ the Taylor Rom
uey-ArmHtrouW lumber mills, and was
stakeholder IN the Lchl Commercial
| and Savings hank
The controlling interest. In tho enor-
nous ranch IN Idaho owned by tho
] NlucMont Stork company, was owned
! by Mr. Armstrong
lie owned other real estate property
/ and held stock IN several dividend pay
/ Ing concerns.
lie was one of tho organizers ~ the
! Utah Sugar company, but sold out his
| stock some years ago. lie held stock In
| tho ogden Sugar factory.
The wife " Mr.. Armstrong and his
| son, VIII, are known 20 be named as
] the executors ~ his will Tho docu-
| ment ia IN the possession % his ntt0r-
| ucys Young q M0yle, ana viii prob
ably not be Med tlll Mr. iuunE'H re-
turn from the Fast, which viii be- IN
/ abDut ten DAYS.