Los Angeles herald., 1909-10-30
WOULD PREVENT
SALE OF ESTATE
OF NITRATE KING
HEIRS CLAIM 100000 OFFER
is TOO SMALL
SAY PROPERTY is VALUED AT
ALMOST MILLION
Allege That Trustees Intend to Dis
pose of Realty at Far Less
Than the Actual
Value
y TRENUoUs efforts to prevent the

q TRENUOUS efforts to prevent the
sale for 100000 cash of the real
~ estate holdings of the Andrew j.
w. Heating estate will be made by
heirs of the millionaire nitrate king,
when confirmation of a proposed sale
of the real property in Los Angeles
county to a syndicate headed by II.
c. Schader. win be asked from the pro-
bate division of the superior court.
The confirmation hearing has been set
for November /, but probably will go
over for a time, as Robert w. Kemp,
representing two of the heirs, will not
be able to appear in court at that time.
1t is charged by attorneys represent
ing the heirs that the trustees under
the will, A. w. Mcpherson, manager
of the Edison Electric company, Santa
Monica, and Attorney Elmer McDow-
ell of Los Angeles, are seeking to sell
the property for 100000, when it is
really worth 100000 according to an
appraisement made within the last few
days by disinterested parties. 1t also
is charged by the attorneys that the
trustees are Interested in the sale more
than as trustees. Mcpherson and Nc
Dowell own a two-siXths interest in
the estate, having secured it by adj
vancing money to two of the heirs and
then taking their interest in the prop
erty as payment for the loans made.
Real Estate Scattered
The greater portion of the property
of the estate consists of real estate,
100 pieces of which are located in Los
Angeles county. In this property there
are houses, vacant lots and acreage,
some located in Los Angeles, some con-
tiguous to the southwestern limits of
this city and some in Santa Monica.
There also is a ranch of 1000 acres sit
uated in Orange county and property
in Alaska, British Columbia and Eng
land. The entire estate was appraised
at the time of the nitrate kings death
at $525, 900, but since that time has
greatly increased in value. The per-
sonal property of the estate, consist
ing mostly of securities, is placed at
about 100000.
Originally there were six heirs at
law. These are Henry, Edward and
Walter Heating of Los Angeles, Alfred
Keating of Santa Monica, Mrs. Kath-
crime Johnson of Hollywood and Mrs.
], W. Fortham of Los Angeles. Ed
win Heating Is minor and Will come
of age December II, when the trust
created under the will will terminate.
The estate will then be partitioned or
divided according to the original terms
OF the will.
AIleee Violation Of VIII
According to Attorney Kemp, Mrs.
Johnson and Henry Keating sold their
holdings in the estate two years ago.
Mcpherson, one of the trustees, was
one of those interested in the sale at
that time. Each of the two heirs re-
ceived at that time something like
900 cash for their interest In the
real estate holdings. Mr.. Kemp says
that the trustees advanced money to
the two heirs in question and that this
was contrary to the provisions or the
WILL
One of the reasons advanced for the
sale of the property as whole is that
the estate is in need OF money, 1t Is
said. Mr.. Kemp stated last night that
the estate is free of all debts, except
possibly some minor ones which may
be met with current receipts, and that
Furthermore there is still on hand near
" 100000 worth of securities which
could easily be turned into money at
any time.
According to the provisions Of the
will the estate may be sold at the dis
cretion of the trustees. Mr.. Kemp says
he interprets this to mean that portions
of the estate may be sold in order to
advance the interests of the estate and
protect the rights and interests of the
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