The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-05-09
ssTyH HEIR WILL LIVE HERE
,,,n WAY KEEP THE WHITNEY
goI.SE Ar ST. FIFTH AVENUE.

..,nsd Nc ''Silcnter Than Silent Smith
-unIdlnEs Of 81. Paul Stock LaFgeiy
,ocressrd since George Smiths Day
None OF II VIII BE Thrown on Market.
Hannah 6. Leroy, one OF the executors
, ,bs will Of James Henry Smith, said
e,,srday that the value Of the estate is
.msrbat less than S25, 900 900. instead Of
~ s0. ooo.0 600. According to Mr.. Leroy
q. state had been generally overestimated.
S.,ros Grant Mason. a nephew. who will
y, under the will two-thirds Of the resi-
:. will receive a little more than $4,000 900.
TIl,m S. Mason, another nephew, who
~, one.third Of the residue, will receive
rr.thing over $1,000. 900. Small requests
~ trust funds established by the will
mount to So. 100000.
4, explained by Mr., Leroy. James Henry
s,,ith who was a second cousin Of George
S.aitb the banker, who died in London
- October I 1899, and George H. Cooper
S,erward Sir George Cooper, then a
,.rdent Of Elgin. H., each got half Of George
smiths estate after other legaoies 'were
,.,is6ed. The elder Smith left about
q, m0o. The English inheritance tax
.auoed the estate TO about $4,000. 900,
I'D lanes Henry Smith had to pay an
;,bAritance tax amounting to slightly less
han 50 100000 in this State. 1t is said.
,~Asrerore. that James Henry Smiths por-
inn amounted originally to $20.O oo.O 900 in
pund numbers.
During his lifetime he gave away to
rsatiyes a sum which is estimateda at between
pm.OoO and $1,000, 900, but the natural
. augmentation Of the property left him
worth, al his death, about SIS 900, 900.
James Henry Smith got 10000 shares OF the
,,ock of the Chicago, Milwaukee and st.
pNII Railroad from his cousin, George
smith. He retained all that and. according
tnMr, Leroy, largely increased his holdings
a 81 Paul. The executor declined TO
sy Yesterday how much st. Paul James
Htuiy Smith owned when he died In Japan.
None Of the stock will be thrown on the
market. however" said Mr.. Leroy. THE
mix OF James Henry Smith's fortune con-
sned of gilt edged securities, with only a
mnparatively small amount Of real estate,
including the house in Tuxedo and the Whit
new mansion. Mr.. Smith paid 81 600 600 for
he Fifth avenue house and spent $780, 900 on
h in improvements. i suppose that it will
h held al s., 500, 000."
Harry Payne Whitney will have the OPP
don on the mansion il the Smith estate de-
ddes to sell. George Grant Mason, the
principal beneficiary, intends to make his
home in this city, however. and may want
Inc house for himself. Mr.. Mason. who is
Al the Hotel Netherland with his wife, de-
cHned to see reporters yesterday. He has
bten described by men that know him as
'Sienter than Silent Smith"
Mr.. Leroy said yesterday that there 10 alb
sOlutely no possibility Of Mr.. Smiths will
hing contested,
The members Of the family are in ac-
cord said he, and have ~professed salts
action with the terms of the will. B. Fitz-
rrald and f.. T. Guerdon. London solicit
n1 and men Of property who witnessed
Gorge Smiths viii. are coming here by
Gusrdon is already here and Mr.. Fitzgerald |
serpected shortly
The probate will be at Goshen, N. Y.