The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-03-17
HARTMAN ESTATE
IS APPRAISED At
ONLY S70,0OO,0OO
Official Figures Are Million
Less Than Original
Estimate
HELD NO BONDS IN
EITHER u. P. OR S. P.
These Did Not Figure in the
Control of the Roads--Per-
sonal Property List
Very Small

ALBANY. March 16.--state Comp
trailer Sohmer is expected TO make
public tomorrow the official appraisal
of the estate of Edward Fl. Hartman,
who died on September ., 1909, and
upon which the transfer tax apprais-
er for Orange county has ben work
ing for two years,
The estate in round numbers lis ap-
praised at 10000. 600. $1,000, 600 less
than the amount at which 1t was es-
timated when the Hartman estate
paid the preliminary tax of s675.oOo
10 the State comptroller on March
i, 1910.
The Sun correspondent has obtain
ed the inventory of the estate fur
nished to the State authorities by
Mrs. Mary w Hartman, the widow
and sole executrix. 1t Is said that
while the official figures to be made
public tomorrow may vary slightly
from the inventory estimates, the DIFF
ference will not he more than $4,000.
In some cases 1t is learned that hold
ings of the estate have been apprals-
ed at amounts less than the estimates
furnished ny the estate.
The appraisal which has received
the careful attention of Deputy Comp
trolier Walsh for some days, will be
tiied in the surrogate's office at Cos
hen. in Orange county. as soon as
public it's contents.
No Bends OF Pacific.
One OF the most interesting fea-
lures disclosed by the appraisal Is that
afr Hartman held no bonds of either
the Union Pacific or the southern Pa
cifc railroads, since the ownership
Of the bonds was of no value in the
control of the roads He owned only
one thousand shares of Southern Pa
cisc common stock, worth $l24, ooe
al his death.
Mr.. Marransan's holdings Of Union
Pacific stock consisted of $500 shares
of preferred, appraised al s5.3gi. $50.
and 5000 shares of common valued
ut sie,T2s, 900. when he died. The
Union Pacific is a Utah corporation,
and under the laws OF Utah the Har-
rirnan estate had to pay q death tax
81 sTass4s on the stock.
The inventory diScloseS quantity
of stocks. many of them having par
value running into high figures, which
were found TO be valueiess. or nearly
SO. nj the time Of Mr.. Hartman,
death The worthless stocks includ-
ed Sl5hs.S26 par value of Sinnama-
honlng Iron and Coal company. pre-
ferred. and si,96s,6oo of common.
Stock in the san Antonio and Arkan-
sas Fass railroad, or par Saius
of $4,000, IL appropriated at S3,soV'
Had IAttie Personal Property
Nh appraisal was made of any
household furnishings, works OF ART,
or personal property of "A similar ma
ture, because all such property was
owned by Mrs. Hartman. Ills Jeweify
was appraised at $1,000, and MS car
rlages and similar property were val
ued at SIS, 0oo. His most valuable
horse. the famous John r. Gentry, is
appraised at $500.
Mr.. Harrimans four automobiles
were appraised at $4,000, ana ms
steam yacht, Sultana. at $40, oo9. his
only life insurance Was a s2a.ooo pol
icy in the Equitable Life. He had
stock exchange seat. appraised AT
$4,000, but a box in the New theater
Is held To be of doubtful value.
Among Mr.. Harriman's accounts re-
eeiya BILE was an Indebtedness of S4ls'~
ass from j. Ogden Armour. Ihe beia-
ware and Hudson Railroad company
owed him sl.0oo.lll on a proillssoiy
note. and the Acme Engineering ana
tortrarting company owed him $780,
AZ his death Mr.. Hartman had
casb balances of $t.432,242, the larg-
EST being one of SS63,423. with the
firm of Kuhn. Loeb a Company nahk
crs for the Pacific roads. but only
s4,Se4 with J, i. Morgan ~o'i-
Funeral Expenses $500.
rho Hartman estate reported to
rho state comptroller that Mr., Har-
rlman's funeral expenses were about
$500. The administration expenses
have been about S260.00o. while the
debts owing at Mr. Hartman deatn
and since paid. were 100000
The realty holdings of Mr.. Harri-
ran in Orange and Rockland coun-
ties are appraised at about s'oo.eoo.
No estimate was put on the new man
sion at Arden. because IT was IN
course OF construction when Mr., Haf-
riman died.
esate was appraised in the inventory
at $a,223, 900 oe
railroad end steamship bonds. of
which $SS49.00o Were Erie collateral
trust notes.
In the Illinois Central railroad con-
trol Of which Mr.. Hartman wrested
from Stuyvesant Fish. several years
before his death, Mr.. Hartman own
cd only 473 shares of stock, worth
s6e.7s7. and receipts script valued AT
500. Mr. Hartman owned s5,S57, lis
of other railroad stocks ana so.4os'-
COO OF bank stocks
The list of miscellaneous stocks
contains an item of 5000 as the value
of Mr. Harriman's pew in the Church
of the Incarnation. Other miscella-
neous stocks are appraised at VS.
9s1.I03, of which amount s6,6S3.6oo
is Wells Fargo Express.
Leaves All to Widow.
Mr.. Hartman left his entire estate
To his widow and under the decedent's
estate tax law in effect at the time
of his death the entire estate is taxed
at one per cent.
The appraisal shows that reports
that Mr. Hartman distributed $780,
100000 of Union Pacific and other
stocks to his wife and other mem
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