Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-09-21
RICHEST BOYS
in The WORLD
MARSHALL FIELDS GRANDSONS
WILL INHERIT A
BILLION.

hangs the ultimate disposition of a
fortune, which at that time is likely
to amount a round billion of dollars.
According to the best estimate that
Is the approximate sum which should
be available In the year 1945 for d.
vision between Marshall and Henry
Field. AS the ~residuary legatees of
the estate, the major part of the mer-
chants huge fortune is to be held In
trust for them until the elder Of the
two boys, who Is now 13 years old,
shall have attained the age of so.
Should both the lads live until then,
Marshall is TO have three-lfths of the
~residuary estate and Henry. who is
two years younger than his brother,
Will inherit the remaining two-flfths.
Already the two striplings are
probably the wealthiest minor broth
ers In the world. Should both live
to realize the partition of the estate
under the terms of their grandfath-
er's will, the share OF each should be
sufficient to rank him among the
woalthiest men in the world. II, on
the other hand, either Marshall or
Henry should die without issue be-
fore the year 1915. the survivor Of
the two, to whom under the will the
~ lnpnouaA hwntharfu chara rG4rarfG
might easy become that visionary
much-discussed phenomenon-Amer-
ica's first Millionaire.
When Marshall Field the elder died
a year ago last January estimates of
his fortune varied all the way from
500, 000, 1000 to $4,000, 900.
When the executors filed their in
ventory in the probate court, in
/, January. 1907, securities all being
> listed at their par value, the figures
. totaled about $50. 900. and good
financial authorities computed the
actual value at the then market
|, rates at about $93, 000,0 900.
Mr.. Fields $4,000 shares Of the
, stock of the corporation Of Marshall
. Field g. Co.. the par value OF which
is $4,000 900, for instance, are well
known 20 be worth far more.
q Henry Clews in 1906 estimated
J the Field estate at 100000, 900
and II is argued that it must have
> Increased since that time to $l25,'
2 100000.
a An official of the Merchants Loan
and Trust company. which institu
ton Is one of the trustees of the res
iduary estate, has recently estimated
a the estate at around 500. 00O. GOT
at the time of the te%stator's death
al Deducting from this the s25, 600 ,o0t
devised by Mr.. Field IN specific be
quests. the residue would amount 4
i about $1,000, 900. but this result |
n reached BY computing securities a
their par value. and much of th'
# real estate at considerably less thar
W its present actual value. The sam
Is onicial considered an estimate o
a. SIS, 0gO, 900 as the annual incom
If from the ~residuary estate much to-
r high. and thought from 100000
TO 100000 probably nearer tn
A. mark.
Opposed to this estimate may b
< cited the big income received fror
the $780, 900, 900 worth of Chicag
Or real estate and the 100000 wort
he of real estate in New York City, an
Of annual increment from which
a known only TO the trustees of tn
n. estate. and they viii not tell. 1t ha
ic been said that Marshall Field him
self made 5000 900 a year himsei
rs out OF his dry goods business. Thi
a. is a guess. but il is believed to b
of pretty close to the truth. With thi
n income and the rental OF real estat
and other increments, an imparti;
RS outsider might think the annual II
3. come of $4,000. 900 none to high.
r. without allowing for appreciate
&C. in real estate values or values
of stocks, bonds and other securiti'
Tx during the thirty-eight years trui
NV period. ignoring the fact that II
n immense down town holdings
an real estate In Chicago and Ne
er York are bound to grow tremel
Id. dously in value and earning pow
in that period. and conservative
estimating the estate at present
he SIS, 900, 900, allowing only an ave
RS. age rate OF interest on all proper
fa- OF 6 per cent. compounded semi-a
IN nually, the total at the end
le- thi~rty-eight years for a single doll
he would be $9.4543, and from $7l
ID 900, 900 would be $709,072,60
to Young Marshall Fields three-hf
all share OF this would, therefor
The amount to s425.i43.5oo, and Hen
I'm Fields two-hfths share would
ter S2S3. 629.000,
Try These figures do not allow I