New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-23
.REAPPRA|SAL DOUBLES
THOS. ACHEL|S ESTATE
As the Result OF Surrogate'S
ShreWdneSS State Will COL
IeCt $4,000 in Taxes.
HELD BONDS IN GERMANY
Merchant, 1t Now Appears,
Left $3,175,960.99, the Bulk
of Which Will Go to Six
Brothers and Sisters.
HELD BONDS IN GERMANY

4 reappraisal Of the estate OF Thomas
Achelis. a merchant. who died in Bre-
men. Germany. April 6. 1911. filed yes
terday with the transfer tax clerk In
the Surrogate's office By Wallace ;.
Fraser. Deputy State Controller. re-
suited in nearly doubling the estimated
value ot The estate. The State Of New
York will thereby receive tax
amounting approximately 10 Ss6,OOo, or
nearly twice the amount provided for
in the original appraisement.
According To- this new report. pre-
pared by Percival J.. Nagle. appraiser.
the net estate Of Thomas Achelis. who
was one Of the best known men In the
Grvgoods district. amounted to {3,i10,-
$50 49,
Frank :. Bowers. formerly an ap-
praiser Of the state Controllers Office.
fixed the value OF this estate some
months ago at $1.SS0,66l %.
Surrogate Fowler is mainly response
BILE FOR this new report About the time
Appraiser Bowers filed his report.
which made II appear that Acheiis's
estate WAS confined entirely to this
country. Surrogate Fowler. glancing
over the will. found certain expressions
that led him to believe some taxable
assets could lie found in Germany.
Finds Assets in Germany.
The result was the discovery in Ger
many of stocks ard bonds belonging TO
the dead merchant worth Sl,3lj.195 6l.
This amount has been added to the
assets contained in the original report.
The gross estate. reported by Appraiser
Bowers as sl.926,4sl II. has been placed
81 s3,242,257 3S. according to the report
of Appraiser Nagle.
The Surrogate rejected the report
presented by Bowers and directed that
testimony be taken regarding personal
estate possessed by Achelis at the time
of his death and held in Germany
The Surrogate also directed that addi-
tional testimony be taken as TO the
value Of stock OF the Poidebard silk
Company. of Jersey city, and Freder-
lex Victor e. Achelis, two concerns in
which Achelis was heavily interested
While the examination conducted by
Appraiser Nagle brought out no facts
that charged the value of Acheiis's in
terests IN these concerns, IL was found,
however, that Achelis had stored away
in strongboxcs in Germany securities
valued at sl,3I5.795 81, ell taxable under
the laws of this state.
These securities were In the main
high class German and English issues.
Among these were ordinary shares of
the Forestal Land and Lumber Co. Ltd,
which are valued at s67l,s03 80, and
preference shares OF the same cor
poration valued at s494,332 so.
Among his assets were two hundred
shares Of Central Leather; two hun
dred shares Of National Lead; two hun
dred shares of American Car and Foun-
dry; one hundred shares OF American
Smelling and Refining; four hundred
shares of Allis- Chalmers stock.
The merchants will gave his entire
fortune TO his six brothers and sisters.
except sS2.64s. divided among thirty
three institutions, clubs and societies
I'm Germany. and $4,000 in addition to
each OF his nephews
The disposition OF the residue estate.
valued at s3,093,3l2 90. as provided for
BY the viii. gave one-sixth OF the
residue TO each Of the following
brothers and sisters: George Achelis.
Fritz Achelis. John Achelis. Marie
Achelis Smidt. Annie Achelis Victor
and Julie Achelis Spies.