Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1906-05-10
SCHANDE|N CASE
COMES TO A CLOSE
TERMS OF SETTLEMENT OF IA.
NOUS WILL LITIGATION.
APPEALS TO BE DISMISSED
Jacob Heyl Retains over Million
Dollars Given Him by Mrs. Schan.
dein During Her Lifetlme-con.
testants Get $4,000 Each--court
Ratfies Terms OF Agreement.

Milwaukee, May 9,--Emil Schandein,
$4,000; Mrs. Ella S. Frank, $500
Mrs, Clara S Heyl, approximately So.
100000; Eric Heyl, 100000, Jacob
Heyl, $1lS,0O0, and the $1,000, 900 Civ
en- him by Mrs, Schandein and for
which suit was brought by the special
administrator of the estate. Frank
Schandein and Mrs. Frank must pay
administrator of the estate Frank
the costs of the contest in the county
court and the only expense to the
Heyls is their attorneys fees.
These are in brief the terms of set
Element of the celebrated will contest
which were made public in the county
court when Judge Carpenter, on the
application of Jacob Heyl, general
guardian, and George p. Miller. guar.
dian ad Item of Eric Heyl, asked the
approval of Judge Carpenter to the
stipulation for the dismissal OF the
contest in the circuit court. Judge
Carpenter Immediately entered an or.
der approving the settlement and ali
that remains now to be done is the
formal dismissal of the cases pending
in the circuit court.
The stipulation was filed by Mr.
Miller and Attorney Charles Quarles
representing Mrs. Hey! Mr., Quarles
testified as to his authority to sign
the papers ON behalf of Mrs Heyl and
Mr.. Miller verified the copy of the
settlement agreement as a true copy
of the original which has been signed
by Mrs. Heyl.
Details of Settlement.
Under the terms of settlement Mrs.
ELLA S. Frank and Emil Schandein
each receive stock in the Pabst Brew.
ing company to the face value OF
100000, together with dividends paid
during the contest, and $4,000 in
cash, such part of Emil's stock as ne
does not need for the expenses OF the
litigation going to him for life with
remainder to his issue and his wife.
These two heirs are to dismiss their
"pl Nals from the decision of the
county court and are to procure the
dismissal of the suits brought against
Jacob Heyl, without costs. They are
also to pay the fees and expenses OF
both guardians ad Item and IA fees
and expenses Of special administra,
ton of the estate by the Milwaukee
Trust company, all their own expenses
of litigation and all inheritance taxes
to be levied against the portions re-
ceived by them under the will or the
agreement
The balance of the Schandein and
Heyl stock to the face value of $3,0l8.,
600, thus belongs to the Heyls and IL
to be bought from them by the Pabst
Brewing company at a valuation OF
1867, making a purchase price OF
S4,075,S09 The Heyls are to be paid
for this by the Pabst Brewing com
pany partly in cash, patlry In real es,
tate and partly in bonds, and Mrs.
Heyl Is TO settle 100000 of these
bonds upon Eric Heyl, the son OF Mr..
Heyl's first wife. Mr.. Heyl, OF course,
retains the s1,000,000 or more given
him by Mrs. Schandein during her life,
time, for the recovery Of which SUIT
was brought in the circuit court.
which is now to be dismissed. Mrs.
Frank and Emil Schandein receive un-
der the will life interest In real es
tate which, according to the Testimony
produced by them, Is worth S312.5OO
for each of the two shares.
Shares Of Contrasting Heirs.
Valuing the stock which the con
testing heirs receive in the Pabst
Brewing company at 1851, the price
for which the Heyl stock is sold.
Emil Schandein receives under the
will and settlement something Ike
$3.50, 600, part for life and part out
right, and has to pay one-half OF the
expenses. Mrs Frank receives under
the will and settlement something like
$4,000, part for life and part out.
right and has TO pay the other half
Of the expense. The Heyl family re-
tains outright something In excess OF
S5,000,000, with no charges but their
own TO pay.
The decree Of the county court ad
hitting the will TO probate remains in