The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-11-16
MAY DEVEST STALLO
SISTERS OF ESTATE
Estimated Great Wealth of
Grandfather Seems to
Be Mostly Debts.
(National News Association)

NEW YORK. Nov. 16.-Startling
of the Misses Laura and Helena Stall
10 were expected today at the hearing
! before Deputy State Comptroller Har-
burger, on the question of the inheri-
lance tax to be paid on the estate
| which the young girls inherited from
their grandfather, the late Alexander
| Mcdonald, Standard Oil magnate.
| The Stallo sisters have been very
much in the limelight ever since Miss
! Helena broke her engagement to
| young Nils Florman, son Of Dan
! ish nobleman, whose mother became
a masseuse because of adverse for
tunes of the family. The hearing to-
! day was postponed from October IS
at the request Of Nash lockwood
counsel for the young woman.
! 1t is said that subpoenaes have been
| issued for General Brayton Ives, pres
dent Of the Metropolitan Trust com
| pany, and Beverly Chew, vice-presi
dent, and that they testified. A re
quest that the subpoenaes be isseud
for them avs made by attorney Rock
wood at the time the case was con
! tinued
According to the accounting, filed
by the administrator Of the estate. the
5O,OO0,00O which it was reported, al
the time of his death, Mr.. Mcdonald
had left has virtually vanished and the
'heiresses" are confronted with a def
cit of about $4,000
| Soon after Mr. McDonald's death i
was learned that there had been &
great shrinkage in his fortune. A
that time it was estimated that il
would be nearer $5,O0O,00O than $50,
100000. Later developments showed
that even this figure was too high
and it was said that the total wher
all debts had been paid would not ex
coed 100000. But the figures of thu
administrator show this guess to have
been very far out of the way
| The Misses Stallo still have thu
| 100000 or so which each inherited
Mrs Mcdonald, but the shrinkage il
their grandfather's estate may mean
it is said, considerable entrench
ment from the manner Of living tt
which they have been accustomed.
The virtual disappearance of thu
Mcdonald millions is due to the vas
number of claims that were unheart
of at the time of Mr.. Mcdonald
death, but which since have poured
in from all quarters.
The Metropolitan Trust company il
the present administrator, having beer
appointed by the Surrogate on the pc
tition of Mr. Stallo, whose first wifi
was Mr. McDonald's only daughter
Mr.. Stallo is now married to the di
vorced wife of Dan Hanna, son of tn
late Mark Hanna.
The proof of the great majority o
the unexpected claims was OF sucl
character that the administrator wa
compelled to admit them, but that O
about 100000 worth was disallowed
The courts will be asked to rule upOl
these and if they are admitted the dc
ficit will be much larger than $4,000
Among the liabilities of the estat
are several notes, one for more thai
$2,400,O00 made by Mr.. Mcdonald
Jointly with Mr.. Stallo. The admins
tering trust comapny says the Who'll
of these must be paid by the estate
because SO far as it can learn Mr.. Sta
10 himself is not possessed of any tar
gible property nor has any source O
income sufficient to enable him t
pay his share.