Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1906-05-14
.SCHANDE|N CASE
COMES TO A CLOSE
TERMS OF SETTLEMENT OF FA.
NOUS WILL LITIGATION.
APPEALS TO BE DISMISSED
Jacob Heyl Retains Over Million
Dollars Given Him by Mrs. schan-
dein During Her Lifetime-Con-
testants Get $4,000 Each-court
Ratifies Terms of Agreement.

Milwaukee, May 9.-Emil Schandein,
$75O,C00; Mrs. Ella S. Frank, $3.50, 900;
Mrs. Clara S. Heyl, approximately S.
100000; Eric Heyl, 100000; Jacob
HeyI, $11S,O0O, 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
HeyIs 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 Ouarles
representing Mrs. HeyI Mr.. Quarles
testified as to his authority to sign
the papers on behalf of Mrs. HeyI 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
lltlgatlon going to him for life with
| remainder to his issue and his wife.
These two heirs are to dismiss their
appeals 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 al. fees
| and expenses of special administers
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,O18,,
900, thus belongs to the HeyIs and IS
to be bought from them by the Pabst
Brewing company at a valuation OF
l351a, making a purchase price or
$4,075,809. 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..
Heyls first wife. Mr.. Heyl, of course,
retains the $1,000,000 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 I'M
der the will a life interest in real es-
tate which, according to the testimony
produced by them, is worth $312,5OO
for each of the two shares.
Shares of Contesting Heirs.
Valuing the stock which the con
testing heirs receive in the Pabst
Brewing company at 1864, the price
for which the Heyl stock is sold.
Emil Schandein receives under the
will and settlement something like
$75O,OO0, 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
$750,00O, 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
SIS, 100000, with no charges but their