New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-17
(. SUNDAY. SEPTEMBER H. 1898 PART
C.VANDERBILT, JR. S, SHARE
HIS PART OF HIS FATHERS ESTATE THE
SAME AS THOSE OF HIS BROTHERS.
THE WILL NOT TO BE PROBATED FOR
SEVERAL WEEKS-INHERlTANCE TAN
ESTIMATED AT NEARLY ti,Oo0ooo

ESTIMATED AT NEARLY ti,Oo0ooo
The VII of Cornelius Vanderbilt will not be
offered FOR probate for about four weeks. Under
the law, It is necessary TO give three weeks
notice to every heir before such course IS
taken. As Alfred Gwynne Vanderbilt the sec
ond son. is now travelling in the Orient such
notice could not be srved upon him Messages
were sent telling him Of his fathers death. ana
he answered that he would return at once lie
cannot possibly reach here in less than four
weeks. 1t is said 1t was decided YESTERDAY
therefore. to refrain from the formal court pro-
ceedings until his arrival When he gets mere
he can waive the three weeks notice clause ana
the will can be offered at once.
meeting was held yesterday afternoon to
decide what to do about prohatnE the VIII
Those present we're Mrs. Cornelius Vanderbilt
Cornelius Vanderbilt jr., Mr.. ard Mrs. Henry
Payne whitney. Reginald c. Vanderbilt, Will
lam * Vanderbilt T. y. w. Ross!ter Chauncey
NJ Depew and Henry B. Anderson. the attorney
who drew up the Will. The whole situation was
gone over thoroughly. The will. as already an
nounoed was read on Friday night at the Van
derbnt home. Fifth-ave. and Fifty-seventh-st.
1t was generally believed then that 1t shouiu pe
offered for probate at once. The conference
Yesterday was to decide as to the advisapillN
Of the course. Those present at the conference
we're the same who attended the reading ot the
will on Friday night with the addition of Mr..
Rossiter and Mr.. Depew. The law as TO pfood'e
was quoted. and it was then decided to refrain
from making the will public or probating II De-
fore the return of the absent SON
DECLINED TO DISCUSS IT.
After the will was read Cornelius Wander
blt. ir started for Newport. When seen Nv
absolutely reflsed to discuss the provisions oi
the will. William x. Vanderbilt Henry ray i'e
Whitney and others were seen, ana a'So "V
clined 10 say anything regarding the Testament
The Tribune. however, is in position to an
nounce that by the provisions of the VIII Co'
nelius Vanderbilt jr., gets as large a snare Vi
the estate as any other son.
The nrobable treatment of this son in con-
nection with the disposition Of Mr. Nanderph'
propcrty has been a subject Of considerapie
speculation owing to the estrangement between
the two following the young mans marriage
It is also known, however, that before MS
fathers death the two were reconched' All"
their relations were friendly. 1t was also
learned yesterday that after various legaces
to charitable institutions, members of the fam
lily and others the bulk Of the fortune goes 10
the three
There are only three copies Of the VIII IN eX-
istcnce. one is in the hands Of Mrs. Wander
bnt Cornelius Vanderbilt, jr.. has the other
and the third is retained by the lawyer
Chauncey NJ. Depew said last night: The
members of the family unanimously decided to
withhold the will from probate until Alfred
Gwynne Vanderbilt gets home. They thought
that 81 they gave out the will for probate now
ha what
Alfred would do when he got home. They
talked over the whole situation, and decided to
walt From them must come all information
about the provisions OF the document Mr.
Depew would add nothing TO this statement.
WHAT THE TAX WILL AMOUNT TO.
Ferdinand Eidman the Collector of Internal
Revenue for the Third District Of New-York
expects to collect for the United States Govern
ment something more than S2OOOD in war
revenue tax from the estate. The war revenue
tax on legaces which amount to more than
SIOOOOOO each is 2A per cent OF the amounts
OF the legacies TO sons and daughters. Az per
cent of the amounts Of egacies TO nephews and
nieces. and Is per cent OF the amounts Of lega-
cies to persons who not blood relations.
One OF the deputies Of the Internal Revenue
Collector said yesterday that II Mr.. vanderbilt
left 500 100000 to his children, the Govern
ment would receive 81 250000 OF his estate as
war tax The amount would be increased ac-
cording to the size Of the estate 1t was the
duty Of the executors OF the estate to make
return to the Collector, the deputy said show
ing the amounts OF the legacies When the re-
turn is made under the law the Collector can
make an investigation to satisfy himself OF the
correctness Of the return. He has full power 10
seize property of the estate to compel the pay
ment of the tax. Mr. Eidman. II was said
would not be In a hurry TO collect the tax as
there was no doubt that the executors OF Mr..
Vanderbilts estate would comply with the law.
Controller COer will collect the State inner
Itance tax on Mr.. Vanderbilts estate. and he ex-
pects to get about 81 900 900 for the State out
of the estate The State inheritance tax is
per cent of the legacies to direct heirs. and D
per cent on collateral inheritance. The Con
troller receives | per cent of what he collects
for the State to pay him for his trouble In max
ing the collection. Mr.. Coer has said that no
step would be taken by him TO collect the In
herItance tax on Mr.. Vanderbt's estate until
Mr. Vanderbt's will admitted TO probate
and II was known how he left hs millions The
Surrogate probably will appoint an appraiser OF
the estate as was done In the case OF Jay
Gould's estate.
BARREL OF FLOUR KILLS 4 MERCHANT.