New-York tribune., 1911-01-29
SAYS butcher DEBTS
EXCEED THE ASSETS
APPRAISAL of FinanCier's Estate
Shows Apparent Deficit OF
Nearly S. 900.
WIDOWS DOVER DEDUCTED
Better Showing Expected In
Final Report-Gross Value
Is Put at About
100000.

The Liabilities OF the late elias q.
butcher, president Of the Hamilton
Trust Company. OF Brooklyn, are stated
10 amount 20 500. .576 As. while his per-
sonal and real property are valued ct
only S197 ,929 90. In the report just MADE
20 the Transfer Tax Department by
William schnitzspan. the Official ap-
rraiser who was appointed by the surro-
gate Of Kings County 10 investigate the
financial condition Of the estate.
In MS report Mr.. schnitzspan leaves
unsppraised 1900 shares Of stock Of the
rine!awn Cemetery and numoer OF
outstanding notes which have face
value Of about $1,000
This was said 10 be preliminary re-
mort and il was added that the Brook
lyn fnanciers estate would make bet
Ter showing il the Anal report. va
estimated that Z net value OF nearly
S10OOO would b shown eventually
Mr butcher died on February ~, lSOs.
Ee left a wife. Mrs. Rebecca J. DuteheF'
~ no 673 St Marks avenue. MISS
Path NJ butcher. who lives with her
mother: Mrs Elsie r. G!lrour, OF BsH-
ston spa. y. Y: De Witt P. Duteher, 81
30. l4I SUth street. Brooklyn, ana n
Z. butcher. ot Westheld, y. J. Hls sons
were appointed executors IN his VIII,
which divided his property among MS
Ridow and children.
TIE chief items SCI to!th oy the aP-
n~siser as part Of the personal estate
sre as follows:
policy o: the Metropolitan Life InsuT- 80 nm N
rshsS d ''.- i6e Nsiropoitan Life InsaF- M NJ
F:...y Q: tie Fi''sou's L''s i'''- 1000 90
a5ce shares Bay STATE Gas p4' ~ e75 oo
.o5 = snare. Columbia Gas and Eiee,ric
cenpsly West Virginia par 4v'. a' 4soo 90
80 900 eoads c22S!Aa A,Sass Gas sh1 a. "a 14oo 90
% shares co.opffG6a'.,,e y, ID s% e o'.pa, es So
20 shares GiG66es 166 d. sl Iso -lp..'. 1eco 90
s shares Soo1"ln oSI C0'E--''' 'T---..'... IA %
i59 shagSs i6S Hsm:i'on 54 l!a.' Colp4y so $50 90
"a shaIss safely E.r,S5pv S25 bar 100 17e2 90
Sorarsays 20 preferred. o'h'l'''i 20 Is 900 90
eo0g shsGes AnI r5T s@i'i1'su ..... 800 %
sle9 Psoas S2Pas DSry,s Company at i IS 500 %
SGoo r2@6snv s9nSs 'Si'- H. ~ at So" 200 90
Il sSco Co'nsny NewSgIs Si ass ''1.. - 44oo %
W $1,000 wesg Fs'' IS az s5s. 40 aos 90
shares New Xo'A h-leS'i.1 l.-'ee.-. '-''' 80 90
20 s5arss res \ hnizTiS@n Co,cSdny Ye ores. loo
shares Lakewood Terrace pai 4VU p'' 800 %
f5sres Metropolitan Mortgage Com -,
LSny a. 81 Tsr Tds6 snare water comrany.
,9so sh*re. Nspapo .Isls "s''I $50 od
20 s'aros ares Return Postage Association, ,,on,
go PEI sAT.T 1-T,c1 3' Gas and Electric
COMPANY toromon Al ST. Per enare'.. l'EVo "
The total value Of the personal estate
IS appraised at S1S0973 II. To this Is
added the value Of the real propert
after the mortgages and the value OF the
widows dover were deducted. The ap-
Iraisal Of the real property after tnese
deductions is S1G.936 II. This gives what
is technically known Is the gross es-
tate" which here amounts 10 Sl9i ,32s w
Set over against the assets, the ap-
nraiser presents the following items:
p.bts Observation-Disclosures. sle4 4sS Z
Funeral EXPENSES ,...........t.+s..s.s 20 =
T.stirreniery expenses ..........s.... d,Vn y
Executors commissions ....''..''-..- e'Io' o
ro.a, ...............................s2 .s2o2.576 q
II is the law that personal property
must first be exhausted IN meeting th'
Nabilities Of decedents, but the ap'
yrsiser sets forth that the personal prop
,srtN of the butcher estate will not NEE
the liabilities by S21, ,602 Il Even Will
the real property thrown into the bal
Ance. there will stin be 9 de1cit o
81, ,e46 5s.
The appraiser ends by stating that h
has not yet appraised the 1900 shares
esr