New-York tribune., 1912-03-01
YERKES ESTATE SHR|NKS
Continued from first page

.ross estate. real and personal, AT Ho'-
os1 400 o2 Deductions have been maze
from this gross amount Tor oeplS '"'
administration expenses. leaving the let
real and personal at S2,oi ,o'o 50
Among Mr.. Yerkess debts remaining
,,rroid at the time of his death were
sonO 600 i'm loans from several banking
institutions for which he gave coilaler"'
in the form of securities of the 'hicdso
railway enterprises in when he was !"
terested. and. in at least one instance oi
tho London Underground Railway III
which also he was heavily lh'efcs'eu'
Some of these debts We're: Bank OIL
America. S1JO.OU0: Central Trust COM
many. $685.. 900; Metropolitan Trust Com
many. SjO.O00: Plaza Bank. Hlo,"o;
Spever &, Co, 100000.
one of the uncertain clements IN the
value of the Chicago estate is the bonus
Of the Chicago Consolidated Traction
Company. Marvyn Scudder' president
of the Investment Agency, reported mat
ON December %. 1909, the date of Mr..
yorkos's death, each Of these bonds had
a market value of -. II will be seen
that thev were put down in the official
appraisal at so.
Mrs. Mary Adelaide Yerkes, who died
after her husbands death, received as
dover i'm the real estate in New L 1ork
1856 $50 81. By the terms OF the VIII
and an agreement Of settlement con-
firmcd bv the Probate Court Of COOK
County, ILL.,. Mrs. Yerkes received Sl6-'
oil II. making her share in the entire
estate less than 81 0o0 900. II will be
remembered that Nj Yerkes and Mrs.
Ycrkes were not on good terms at the
time Of his death. Mr. Terkes died at
tho Waldorf Astoria, while mis- wife was
occopving the house on Fifth avenue. II
was reported at the time that Mrs.
Yerkes went to the deathbed of her hus-
band. Until then his most constant
visitor was Miss Emily Grigshy Mr..
Yerkes's ward. The estate was other
wise distributed as follows:
Greenwood Cemetery. $1,000; Charles
T.. Yerkes, son, $500 900: Mrs Bessie =.
Rondinella. daughter, 100000: Ethel
Link Yerkes. niece. life estate in 500
900 present value $50 40; Louis s.
Owsley, executor, no relation, $4,000,
executor for the ) per cent class, SIS
600: Mary y. Cook, no relation. life es-
tate in $4,000, present value S2S,541;
Emma a. Weaver, no relation, life estate
in $4,000, present value S17,150; Eliza
beth Jarden and Sally Jarden, no rela-
ton. joint and surviving life estate in
10000. present value S12,924; Rachel
Edwards, no relation. life estate in $50
600 present value SS,119; Chicago Uni
versity, 100000; Charles T.. Yerkes, son,
life estate in one-quarter Of residuary.
$500 40 IS. present value S207,41I, and
Mrs Bessie l.. Rondinella, daughter, life
estate in one e-quarter of residuary, S3l0-
362 present value S222 425.
Much Of the value Of the estate has
been eaten up by constant litigation,
some of which was started by Mrs.
Ycrkes and is being continued by her
executors. There are also against The
estate several contested claims, as fol-
lows: franklin Bien, lawyer, S25,O05;
Davies, Stone x Aucrbach, attorneys,
81. 800. and \. \. Housman e. CO..
brokers. sob 49,.
IT was also stipulated between Thomas
f. Rush, counsel to the State Tax APP
praisers, and Joline, Larkin & Rathbone
that if 1t Is determined by litigation or
otherwise that the bonds OF the Chicago
Consolidated Traction Company are
valued at more than $50 then the lax
proceeding is To be reopencd and the
bonds reappraised.
Included in the papers filed with the
appraisal are itemized inventories Of the
contents Of the Yerkes home on Fifth
avenue. They show that Mr. Yerkes had
a solid silver bathtub in the house. An
other bathroom in the house was OF pink
marble. In the drawing room was an
amethyst and crystal candelabrum