The Hartford republican., 1907-04-05
STANFORD WHITE
OWED 100000
= His Feasts and Festivities
Cost Enormous Sums.
M, Widow Will Sell His Art
Treasures to Pay
His Debts.

New York, April 4.-Mrs. Stanford
White will turn over the proceeds OF
the sale of the former home OF the
Whites in this city, and the great
quantity of art treasures it contains
to McKim, Mead & White, architects,
to pay at least in part of the DEBT
which Mr.. White owed his firm when
he was murdered by Harry X. Thaw
.June 25. 1906. Also, it transpires that
Mrs. White has given instructions that
the amount received from the insur-
ance on her husbands life snail De
applied to the same account.
A short time after the murder IL
was said that Mr.. White had over
drawn his account with his firm, put
the amount was not stated. one re-
mort was that it was 100000. The
LAWYER of the White family declined
to discuss the subject, saying that an
nouncement would be made at the
nroner time. No such announcement
has ever been made. 1t is now as
certained, however, that the amount
overdrawn was about 100000.
The sale, which will begin on thls
afternoon and continue until every
thing in the house has been sold, VIII
be I'm charge of an auctoneer VINO Will
knock down to the highest bidders
the wonderful works of art gathered
by Mr.. White, a widely recognized
connoisseur.
The members of the firm with
which Mr.. White was connected nave
been very reticent regarding their
financial/relations with him. An effort
made TO get a statement from them
about the prospective settlement Oh
account met with no more success
than previous efforts. An intimate
friend of Stanford Whites, speaking
soon after the murder, declared his
belief that "there never was time
when Mr.. White was unable to pay OH
his Indebtedness if it had been neces-
sary for him to do So" but he added'
"It is true that he was a heavy
spender and that he anticipated MS
income, but never did more than anti
cipate receipts of which he was abso-
lutely certain"
Asked If it was not true that MI
White was in debt to the firm at the
time of his death, the friend said:
.'Not to any unusual extent. He was
ALWAYS more or less overdrawn.
In addition to Mr.. Whites indebted
ness to the firm, 1t is understood that
he lost a large amount. OF money In
Wall street speculations, but this is
not now an indebtedness against MS
estate. According to the story told
by an intimate friend, Mr.. White lost
about 100000 in stock speculations
about a year ago.
He appealed to his friends for as
-sistance. They had a meeting and
after an examination of his broker
accounts they agreed to take up the
account and carry it until his losses
were wiped out, providing he would
sign a promise never again to specu-
late. Mr.. White agreed to this, and
his losses were taken over by syn
dicate, which subsequently recovered
almost what had been advanced by
a rising market.
Mrs. Stanford White is understood
to have been we'll provided for by her
relatives, who are wealthy. She was
Miss Bessie Smith, daughter of Judge
J. Lawrence Smith, of New York, and
a descendent of Col. Richard Smith,
the original patentee of SmithtoWn, L.
!. The family have been prominent
and wealthy for many generations.