The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-04-26
THE CLINCH ESTATE
EXECUTORS ESTIMATE IT Is VAL
UED AT MORE THAN 100000.
$500 AS COMPENSATION.
AWARDED BY JUDGE M'ALPIN TO
EXECUTORS OF ORIGINAL ESTATE.

Hearing Was Held in Ordinary,s
Office Yesterday MOrning-Execu-
tors Asked For Letters of Dis
missaI on Jacob WaIdburg's
Estate After 81 Years Service,
Estate Will BE Merged Into That
of Mrs. j. II. Nj. CIinch, Who Re-
Gently Left Six Prominent Chari-
ties as Residuary Legatees of Her
Fortune.
The executors of the estate of Jacob
Waldburg, which, through merger, has
practically become the estate of the
late Mrs. ]. H. NJ. Clinch, have APP
piled to Ordinary McAlpin for COM
pensation for services rendered the es-
tate and for their discharge as execu-
tors Judge McAlpin awarded them
$500, in addition to the commissions
on cash receipts, and issued letters of
citation on the application for dis
charge, after hearing held in his Of
nee yesterday morning.
The executors of the estate are the
SdUlC 5ClllAC4ilCAA VIII were HdlHSQ III
the will of Mrs. Clinch to manage her
estate. The most interesting part of
the proceeding is the disclosure of the
probable value of the estate of Mrs.
Clinch, who made several we'll known
local charities the residuary legatees
tors estimate that the estate inherited
by Mrs. Clinch indirectly from her
father, Joseph Waldburg, is worth at
least $225;OO0, and that this amount
represents the great part of her entire
estate.
The petitioners were T. NJ. Cunning
ham and j. H. M. Clinch, who have
served as the executors of the VALID
burg estate for thirty-two years. The
residuum of the estate of Jacob VALID
burg, they set forth, was devised equal
ly to his wife and to his daughter,
Mrs. Clinch. Mrs. Waldburg died a
few years afterwards, her interest go
ing to her daughter, of whose estate
the same gentlemen are executors.
At Mrs. Clinch's Request.
The property of the Waldburg es-
tate, they set forth, consisted almost
entirely of real estate which has not
yielded the executors any compensa-
ton for receiving the estate, and that
they have never received any compen-
Sation for turning over any of the prop
erty. st. GATHERINGS Island, which was
a part of the estate, was turned over
by them to her, and by her exchanged
for property in Brooklyn, which lately
yielded her an income of more than
$4,000. The estate, they submit. has
been held together for many years, at
raOnaSf Of Mrs ClipNh
The appraisers of the estate of Mrs.
Clineh are about to make an inventory
of her estate, very much the larger
part of which, they say, is her inter
est as sole iegatee in the will of her
mother and father. The appraise-
ment will contain the valuation of the
property which they now hold, and
they desire to turn it over to the ex-
ecutors of Mrs. Clinch. The executors
say that they cannot state precisely
what the appraised value of the prop
erty on hand will be, but that they
are confident that it will exceed s225,-
900.
The amount awarded by the Ordinary
as compensation for the long and Judi
clous management of the estate, repre-
SCENTS about per cent. of the estimated
value of the estate. The object IN
bringing the proceedings is to obtain
Waldburg, which, at Mrs. C1inch's in
stance has remained unsettled for more
than thirty years, and to marshal the
assets of the several estates into the
one estate of Mrs. Clinch.
Large Personal Estate.
The amount of Mrs Clinch's holding
in the Waldburg estate exceeds $225, 00O
In addition to this amount is the value
OF the Brooklyn property, some $50, 00O
and considerable sum, representing
her personal estate, which will bring
the amount in the neighborhood of
$35O'000, it is thought. This estimate
comedies with the one first made by
the Morning News
The residuary legatees of the estate
are: The Savannah Widows Society
for the Relief of INDECENT Widows and
Orphans, the Orphans Home of the
Protestant Episcopal Church, the
Union Society (Bethesda), st. Paul's
Free Episcopal Church of Savannah,
the trustees of the fund for the sup
port of INDECENT widows and orphans of
deceased clergymen of the Episcopal
diocese of Georgia, and to the Episco-
pal Bishop of Georgia in trust for the
support of the Episcopal missions of
the diocese Of Ganrpia