The daily banner. (Cambridge, Md.) 1897-2008, 1912-12-07
Senator Rayner's VIII.


$1,000, 900, exclusive of valuable holdings
in the South Baltimore Harbor and I'm
provement Company and the Curtis
Bay Company.
This will be shown when the will OF
the SENATOR Is filed in Baltimore for pro-
bate next week. 1t will be filed IN
Washington at the same time, to COM
DIV with the laws of the District OF Co.
lumhia.
This property in divided equally be-
tween the widow and the son. William
B. Kayner. A portion of the property
il left to them absolutely and a portion
in trust. The Safe Deposit AMI Trust
COM any, OF Baltimore, is the tr stee'
Mrs. Rayner is left life interest IN
her share of the estate. At her death
this passes to the son and to his chill
dren.
Mrs. william B. Rayner, wife of the
Senator's son, is left, as an evidence OF
Affection. an income for life. The
grandchildren. Archibald Coulter Ray
ner. Frances Jean Rayner and lsldo
Ravner. second, are left incomes for
life, with the right at any time 20 dra"
from the estate as much as $4,000.
The old family servant, Maynard
Page, who has been IN the Rayne'
house h old 40 ears, has been remem
bered by the senator, aud Mrs. ANNE
Martin, the governess Of tine Ravner
children. is left an iucome for life OF
$3.50 year. :.
Under the terms of he Senator's will
the widow and the son may draw cash
gums f. ON the estate at any time they
NAV desire. The rem iDder Is LETT IN
trust and is equally divided between
them.
Mre. Rayner and the son are named
- trustees, along with the Safe Depos'
and Trust Company. The widow II
named as executrix without bond. Sen
.tor John Walter Smith, of Marylsn nd 3,
and Senator Augustus y. Bacon, OF
Georgia, arc the witnesses OF the will.
Because of the res dence of Mrs. Raw.
ner and William B. Rayuer in Washing
ton, the management of the estate Is
left in the hands of the Safe Deposit
and Trust Company. Practically all OF
the Senator's holdings were IN Mary
land.
However, the widow and son, under
the terms of the will. may sell any por-
ton of the property, or all of it, and re-
invest it without The consent of the
trust company or of the purchaser,
looking to the application of the pur-
chase money.
Also the Senator left to the widow
and son the right to make such char.
table requests as they may see tit, stat
ing in the body of the will that his con-
Rdence in their judgement would enable
them to act In accordance with what
would have been his ideas.
The estate consi of large holdings
in Baltimore aud Washington. 1t CON-
prises residence and warehouse proper
ty, irredeemable ground rents and
mortg .ges.
The personal property consisted OF
bonds, railroad stocks, trust company
stock and State aud city bonds. The
estate is IN splendid condition and the
investments have been made in the
m, ct substantial securities.
The aggregate value of the real AID
personal property of The late SeDatoI
will approximate 81 200, 900, though the
Senator himself Appraised IL smaller
figure. He did not allow for The en-
hal ced value of mauy oil Lis ho.dlng-.
A detinate appralsement has MOI yei
been made OF The eniIre estate. 1t Is
known even know, however, that when
IN inventory is compl ted the proper.y
held by the statesman will exceed the
value which the Senator conservatlveiy
placed UPON it.
The Senate, inherited much of hi
property flom his father. the late VIII
liam s. Rayner, who VAS regarded As
one Of the ". althy men Of BAlt,morr.
In addition, the lucrative law practice
Of the Senator and his .dicous invest
ments nett tim fortune md. pendent
Of that b. ueathed 10 him by hi, Iather.
It 10 also known that good deai OF
pro Lerly upon the death OF Senator
Rayner passed to illIam B. Rayn,r
from the estate of his Z, grandparents mol
covered by The will OF the Senator.
Aside from the 81 ,0OO,0OO estate of
the senator, coussung Of his real anu
personal properly in Baltimore and
Washington, the Marylander was large
l, Interested IN the Soutl Baltimore
Harbor and improvement Companya d
in the urt Bay Compa.y.
Property held by the Curtis Bay
Company, which cont.ols the South
Baltimore Harbor aud improvement
Company, Is very valuable. 1t Co. sisls
of residences, manufacturing plants,
wharf property, and water rights 10 the
Curtis Bay section.
The Baltimore and Ohio Railroad
has its coal piers on this property.
The sugar refinery and the Baltimore
Car Works at one time occupied prop
erly owned by the company.
Directors of the Curtis Bay Company
are, besides the late Senator, Albert w.
Rayper, William b. Rayner, " iliiam G.
Aenuington ana Robert Garrett. The
company is capilillzed at ID. OOO. 900 and
one.sixth of the holdings belong to the
estate of the late Senator.
The directors of the Baltimore Har.
Dor and Improvement Company are. in
addition to the Senator: Albert w
Rayner, William B. Rayner, Fred Jen-
kins, H. 8. Jenkins, J. 8. Prick, Will
liam c. Pennington, Josias Pennington,
and Robert Garrett.
This company is part owner of the
-to.uorks Of Rrookivn Anne Arm