The Washington herald., 1907-05-09
SMITH WILL STANDS
Relatives Satisfied with Mil
lionaire's Gifts.
FORTUNE IS OvEREsTIMATED
Herman 5. Leroy, One of Executors,
Declares Value of silent Mans Es-
tate Is Somewhat Less Than S2S,-
O0O,OOO-GeOrge Grant Mason, a
Nephew, 80 Get Two-thiFds.

New York, May Sherman S. Leroy,
one Of The executors of the estate OF
James Henry Smith. said to-day that the
value Of the estate is somewhat less than
So. 100000. According to Mr.. Leroy, the
estate had been generally overesttmated.
George Grant Mason, "a nephew, who viii
get. under the viii. two-thirds Of the resi-
due, viii receive a little more than SlS-
O00,0O William S. Mason, another
nephew, who gets one-third of the residue.
win receive something over S6O05'oO0
small beauests and trust funds. estab-
Ished By the viii. amount to $6.3o900o
AS explained by Mr.. Leroy James
Henry Smith, who was a second cousin
Of George Smith, the banker, who died
in London on October :, 1880, and George
A. Cooper (afterward SIR George Cooper.
then a resident of Elgin, H., each got
half of George Smiths estate. after other
legacies were satisfied. The elder smith
left about S52.000OOO. The English inheri-
tance tax reduced the estate to about S4l-
00o l00, and James Henry smith had to
pay an inheritance tax amounting 10
slightly less than S20O0.00O in this state.
Ii is said therefore. that James Henry
Smiths portion amounted originally 10
900 in round numbers.
Estate worth S25,OOO,OOO.
During his lifetime. Smith gave away
TO relatives a sum which is estimated at
between 100000 and S5,Oo0oOo, but the
natural augmentation OF the property
Left him worth. al his death, about 80
U0Cc0
From the elder Smith. James Henry
smith got I9.oG0 shares of the stock Of the
Chicago. Milwaukee and st. Paul Rail-
road He retained an that and according
70 Mr Leroy. largely increased his hold
ings of ST. Paul The executor declined
TO say. to-day, how much ST. Paul James
Henry Smith owned when he died in
Japan.
None OF the stock win be thrown on
the market. however" said Mr.. Leroy.
The bulk of James Henry Smiths for
tune consisted of gilt-edged securities,
with only a comparatively small amount
of real estate, including the house ~
Tuxedo and the Whitney mansion AR
Smith paid 100000 for the Fifth avenue
house and spent $g09.CJo on IL in improve
Inents / suppose that 1t VIII be held ut
S250o0lo
Mason Gets whitney House.
Harry Payne Whitney viii have the
option on the mansion if the Smith
estate decides 20 sell George Grant Ma
son. the principal beneficiary intends to
make his home in this city, however, and
may it is expected, want the house for
himself Alr. Mason. who is stopping at
the Hotel NetherlaHd with his wife, de
cliued 10 see newspaper men to-day. He
has been described by men who know
Mr. Leroy said to-day that there is
absolutely no possibility OF Mr.. Smiths
will being contested.
"The members of the family are In
accord" he said "and have professed
satisfaction with the terms Of the Will
Fitzgerald d GucrdOI the London
solicitors. and men of property, who Wit
messed George Smiths Will, are coming
here by May % to prove the viii In
fact. Mr. Ggerdon is already here. and
0Ir. Fitzgerald is expected shortly"