The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

Edward III. Hartman. S71,Os3,7OS
Cornelius Vanderbilt. ....... 72,5OO,OOO
!"y uould 49,. ......i........ 72,OVO,OOO
j. Stewart Kennedy. ... 7O,OOO,OOO
Henry II. Rogers. .......... 3O,OOO,OOO
The State OF New York received from
the Hartman. Rogers and Kennedy
estates taxes amounting to the cnor-
nous total OF S2,170,0OO.
New York, July 24.-Edward Fl. Har-
riman was worth $1,000, 900 when he
died on September o, 1903.
Wall Street and the general public
have made estimates of the amount OF
the Hartman estate that ranged from
$100,000,000 to twice as much, but few
even of his most intimate friends be-
lieved that his estate would fall below
SS0.oO0,0o0.
The estimate given above is that pre-
pared by Charles a. Peabody. president
Of the Mutual Life Insurance. Com
pany, who was one Of Harriman's
closest friends and legal advisers, and
has since acted as the chief adviser Of
Mrs. Hartman, to whom the fnancier
left everything he possessed.
Mr.. Peabody, representing Mrs. Har-
riman, paid into the office Of Comp
troller Williams on March last $685.
goo. as his estimate Of the amount of
inheritance tax to which the State
would be entitled under the trans
fer tax law. Under the law, the pay
r1ent Of this tax within six months
of the death of the testator entities
the estate to a rebate d. per cent.
The amount paid. therefore. repre-
sents So per cent. of what would be
due We're there no rebate. AS Mr..
Hartman bequeathed everything to
MS wife, tax Of l per cent. Is all
that the State demands from the es-
tate. A little figuring shows that Mr.
Peabodys estimate of the Hartman
estate was, on March s. S71,o53.737.
Great Secrecy Maintained.
This is the first authoritative an
nouncement that has been made of the
value OF the property that Edward Fl,
Hartman owned The most absolute
secrecy has been maintained by all
concerned about the value OF the es-
tate. reporter inspected the records
OF the Comptroller's office yesterday
and obtained the fact of the payment.
Other than this payment. nothing has
been done toward the legal settlement
of Mr. Harrimans estate. Though ten
months have elapsed no application
has been made for the appointment OF
an official appraiser, and SO far as the
State Is concerned, nothing has been
done to disclose the nature of the
property which Mr.. Hartman possess
ed and which is now the property OF
Mary w. Hartman.
William j. Wygant. the official State
appraiser in Orange county. in which
Jurisdiction the property lies. as Mr..
Harriman's will was fled there. has
had no notification from the executrix,
M4s. Hartman, that she wished to set
tie up the affairs of her husband. I'm
der the law eighteen months may
elapse before 1t becomes the duty of
the State to inquire into the nature of
the estate, and as the transfer tax has
already been paid, there is no dispo-
sition on the part Of the State officials
to force matters.
What Stocks Did Hartman Owns
At the same time, Comptroller Will
liams, like many other people, would
like to know just what stocks and
bonds Edward II. Hartman did own,
and the comptroller has advised Mr..
Wygant to let him know the nature
of the transfer tax deposition. which
the executrix must file when she seeks
to have the estate wound up. the mo-
rient such a deposition is filed.
The payment of s675.000 to the State
Comptroller by Mr.. Peabody helped
bring up to a record mark the receipts
OF the Transfer Tax Department. Seven
weeks later, on April so, the enormous
sum Of sl,l59,o00 was paid to the
comptroller's officer by the executors of
the estate of j. Stewart Kennedy, the
millionaire phlanthropist, who died
on October 8. 1909. Mr.. kennedy's
estate was not far behlng Mr.. Harri-
mans in amount approXinlating s76.-
100000, but he bequeathed great
portion of it to charitable institutions
and colleges which are located outside
New York state, the tax on his es-
tate was proportionately larger. Be-
quests to foreign institutions, educa-
tional or charitable are taxable at
the rate of per cent