New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-01
DrygoodS Man Disposed OF ST.
469,864 Before Death.
TAX APPRAISAL FILED
VIM. Buchanan Left 81, 966, 808
and A. w. Openhym More
than 100000.

The transfer tax appraisal Of the estate
OF Frederick Locser. the founder OF the
Brooklyn drygo9ds firm bearing lis
name. who died on July 81. 1911. was filed
in tho surrogates' Court Yesterday. and
showed that Mr. Loeser disposed OF his
estate. valued at 81 - vi. a few years be-
fore MS death. The drygoods merchant
retired from the firm in 1897 and made his
home IN Stuttgart Germany. lie left no
property in New York at hi death.
Mr. Locsor disposed OF his estate oy
means Of three trust deeds The first he
executed in 1906 to the New York Life In
sursnce ana Trust Company. Under this
deed ne transferred property valucd AT
S596.i3l. which was distributed as fol-
lows. s277.500 to his wife. Mrs. Emile
I.oeser. and sll7.e90 to each Of his sons.
Charles \. Loeser, of Florence Italy, and
Robert NJ Loeser Of san Francisco, and
little more than $4,000 among three
! brothers. The trust deed conveyed secuti-
ties. which included 1000 shares Of Brook
I'm city Railroad stock valued AT $50
800: 350,S15 in bonds 81 the Brooklyn
Elevated Railroad and Sij,l0S due him
from Arthur GLIB and John Howard. who
bought his interest in the Loeser firm. for
which he received $4,000 year for ten
Years The ;ij.1oS represented the re-
mainder due.
The second trust deed was made by Mr..
I.oese~ IN 1907. under which he conveyed
real estate valued at So, ~. The prop
erty consisted OF No. IA Greene street,
Manhattan valued at $1,000. and No. l6
Washington Place. appraised at s2lo"".
This deed was in lsivor of his sons. The
third trust deed. made in the same year
also covered real estate and comprised
tho following properties. agsregauns
sjl53l5: No. ~ 10 ljl Lawrence street,
Mania ttan, $1,000. and these Brooklyn
parcels No. 4sl Fulton. street. i2lo'pc;
No 49, Bridge street. 5000; No. 10 TIL
larry street and No 25s Washington street
$1,000.
When Nj Loeser went 10 Germany 10
make his home there he ceased to regard
himself as an American citizen.
He and Mrs. Locser made mutual Wills
in 1875 ~ his VIII he directed That the
trust deeds for the disposition OF MS
American property be carried ont. Under
the three trust deeds his son Charles re-
celved tJ7g.5l> and his son Robert SCOOPS.
Augustus W. OpenhNm, silk importer
who died on April .. 1912. left an estate
valued ut sl7.li9. The testtor made his
wife the principal beneficiary. She re
ceived specific bequest of $3.50 ana =
life interest in s2,1 80. Mount Sinai Hos
pital received so,JJ) and similar lesacieS
were left Ia the German Hospital ana
Columbia University. The latter beddest
was to establish the Openhym research
fund for the study of cancer.
william =. Damon. associated with the
firm OF Tiffany & Co. who died December
+ 1911 left a total estate or $751;
Among his holdings M. Damon had
fifteen shares OF stock OF Tiffany a Co.,
which We're appraised al $500.
William Buchanan. retired tobacco
manufacturer. who died November 10.
1911. left an estate valued at Sl966,Sos. MI.
Buchanan left 20 his son s32S.co, to his
daughter $500 gr0ndson $4,000 and a
granddaughter $4,000 \ trust fund OF
sos 90, was provided FOR servant OF
the dead wife OF Mr.. Buchanan.