New-York tribune., 1902-03-20
HUNTINGTON INVENTORY
RAILROAD KINGS ESTATE
ABOUT S2S. .OOO.OOO
TRANSFER TAX WILL APPROXIMATE
SS000o0-DEAD FINANCIER LENT
LARGE SUMS

The Coils P. Huntington estate, now being
irventoried by the States transfer tax apprais-
ers acting with the executors Charles NJ.
Tweed and Isaac f. Gates, Will amount 10 about
SIS 100000 or 500 900 The transfer tax will
approximate &S00000 This is the unofficial es
innate made by the State Controllers office. The
state officials a we'll as tho executors refuse
10 give any official information concerning the
schedule If property left by Mr.. Huntington.
The report Of the State appraisers will not
he fled FOR several months II is understood
that the delay IS due in large part To the over
hauling of claims and notes against friends Of
Nj Huntington. These amount 70 an astonsh-
trslv iargA sum. Il was said yesterday, and are
IN such shape that II is difficult for the eNecu-
tors % tell how much they really worth.
The ma jor items in the schedule of assets have
been known for long time
The executors Of the estate paid TO the State
last fan 100000 in part satisfaction Of the
t-arsfer tax 70 he levied by the state thus Sc
curing a rebate Of $4,000. which clear
gain 10 the estate. Charles VI. Tweed. one of
the executors. when asked about the Hunting
ton estate by Tribune reporter. said.
The amount Of the estate and the amount II
the claims the estate holds against persons or
companies. are things which Nj Huntington
would not have made public We're he alive. and
the executors do not for that reason care to say
ANYTHING about them At this time"
According 10 Tie Tribune's informant Mr
Huntington loaned personal friends a great deal
of money. most Of which is not couectible The
scheduling Of tho estate" said this authority
shows that Nj. Huntington's heart promptly
responded to appeals for assistance. and that
he was NOT what would exactly he called con
sentative man in many of his business enter
prises He had large ideas and not afraid
to put money behind them in order to exploit
them. There are records of loans to promoters
of enterprises in nearly all the States of the
Union Some Of these enterprises never came
70 anything Others are still in a formative
condition and may turn out 10 be vastly
munerative. while others are dead loss the
shares being entirely worthless. He loaned
money 70 men and women that he knew almost
without stint. Probably the cats and dogs list
50 called by financial people. will foot up
S300o000 but Of this sum the executors cannot
hope 70 realize a large amount. Some Of those
who borrowed money from Mr.. Huntington now
cannot even no found. They are being traced
as well as possible. and the lawyers for the
executors are sending some Of their letters 70
foreign lands The heirs likewise are widely
scattered, and the settlement Of the estate is a
slow moving piece Of business"
William Halpin is the transfer tax appraiser
looking after the States interest I'm the Hunting
ton estate. Nh Halpin has refused from the
time 0f his appointment TO say anything about
the size OF the State tax. State Controller
Miller recently issued informal instructions 70
his STAFF that great care should he exercised in
giving out Information concerning estates sub
ieCf- 70 the transfer tax
When Mr.. Huntington died. IN August 1900
southern Pacific was selling at about 81. Since
then II has come under the. control OF the
Cufon Pacific interests. and the stock to-day is
selling at about 81. In addition TO his holdings
In Southern Pacific. Mr.. Huntington largely
interested in shiphuilding at Newport News
and had landed interests the Pacific Coast
The state eNaCts a transfer tax Of ! per cent on
lAE1Cies 10 direct heirs. such a widow chill
dren. and = per cent on legacies TO collateral
heirs. such as nephews and nieces
Coils r. Huntington died at his camp. Pine
Knot. IN the Adirnndacks. the night Of
August Is. 1900. Of heart disease. after about n
hours illness. His will left twO-thirds Of his
holdings IN the Southern Pacific to his widow
and one-third 70 his nephew. Henry +. Hunt
inErou. In addition, Mrs Huntington received
life interest in trust fund Of SIoO.on. to-
Eether with the house At Fifth-ave. and Fifty
seventh-st. this city the furniture and paint
ings, After the death OF Mrs. Huntington
ana Archer II. Huntington the paintings are
70 20 70 the Metropolitan Museum Of Art
Princess Hatfield. an adopted daughter re-
reired life interest in 81 100000. The other
heirs were Isaac f Gates Edward II. Pardee
Willard Y. Huntington Harriet :. Huntington
Caroline y. Holiday. Ellen Gates. Helen NJ
Huntington. Susan Porter. Eliza Purdy. EleOnora
Loveland Coils II. Sammis, Frank Pardee, Ed
ward n Dunbar. George $. Dunbar. Mary Par
dee Leonora Foster. Adeline Dunbar and
Charles H Pardee.