New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-13
Expert Appraisers Discover
S9,OOO,O00 More than First
Credited to Titanic
Victim.
VINCENT HAS $77,645,756
Tax on Astor Property Will Be
Increased by Many Thou
sands of Dollars by Lat
est Valuation of Fam
ily's Holdings.

COU VI
ily's Holdings.
1t was learned yesterday that the ex-
pert appraisers appointed by the ex
ecutors under the will of Colonel John
Jacob Astor had finished their work
and had found that the total value OF
the estate would he SS1.2l6,69l.
This is about S9.SO.O00 more than
the estimate upon which the estate
paid preliminary tax Of S3,1OoOo in
October. 1912.
The experts will be examined to see
that they have followed proper pro-
cedurc in making the appraisal. and as
soon as thcy have satisfied Mr.. Coggey,
the transfer tax appraiser; MIR.
Quinn, the special counsel, and Lewis
Cass Lcdyard, jr., attorney for the
estate. the report will be signed by Mr.
Coggey and filed.
/, is not expected that there will be
any change in the figures or in the
values of the various holdings of the
estate. ii is probable that the estate
will be required 10 pay an additional tax
aggregating thousands Of dollars. The
value of the interest of Vincent Asto-
under the new estimate is s77,645.156.
The net value of the estate. if de-
ductions claimed are allowed vii be
SSJ SJ.3fO.9l9. The value Of property
owned absolutely by Colonel Astor is
now estimated at s51.25s.3SS. The value
OF property in which he had a life in
terest, with a power of disposal in his
will. is s33.23s.9S1.
Vincent Astor's inheritance.
The figures show that the total
amount bequeathed To Vincent Astor
under his fathers will makes an aS-
grcgate legacy of more than $1,000
600. or 100000 000 more than the orig
inal estimate Part Of this property
will not be his until after the death OF
beneficiaries To whom 1t was left in
trust.
The formal affidavit in behalf of tho
executors. Nicholas Biddle. James
Roosevelt Roosevelt. Douglas Robinson
and Vincent Astor. was made by Mr.
Riddle and discloses that Colonel Astor
made two antenuptial agreements for
his wife. Madeleine Force Astor. one of
which carries property worth $l.3s4415.
The other is valued at s3ll.336. max
ing "A total Of sl.695,752. Colonel Astor
left a trust fund Of s5oO00Oo TO his
wife in his will.
The antenuptial trust for the first
wife. Mrs. Ava Willing Astor. affected
property valued at only $,S1.391. The
affidavit of the executor makes no
mention of any property left TO Mrs
Ava Astor under her divorce decree.
The property owned outright by
Colonel Astor is appraised at f5l.25S,-
3SS. There were two groups of prop
ortv which he held In trust under the
will Of his father, William Astor, with
power to dispose of the property i'm his
own viii one group is worth s33. .23s.
9sl and the other s236.l71. They COM
prise both real estate and securities.
Securities Worth s200000o0.
The reports show that the value OF
the real estate is over S6.}.31I,JD. while
the value Of the securities is over $40.
| -
the securities is the great quantity Of
worthless stocks in the part Of the
estate owned absolutely by Colonel
Astor and representing his personal in
yestments. in comparison with the high
grade stocks and bonds In the trust
funds left him by his father.
Securities having a par value of sew
eral millions. but found TO be worthless
at the time of Colonel Astor's death. are
all investments made by him. one Of
the largest is 5,463 shares of Allis-C Chal-
mers stock par value of 1916. 900, which
was not deposited in the final reorgani-
zation Of the company and which is
therefore valueless.
If the deductions claimed by the ex-
ecutors are allowed by the special at
torney. the net value of the estate upon
which tie tax is f ed will be So, ,34O,-
90. The total deductions claimed are
81 S75.171. the chief items being made
M as follows: Debts. about SS0O,WD:
administration expenses, SJiO.OW: at
tornevs' fees. 100000. and 'legacies of
So 600 each to the four executors in
lien of commissions. Colonel Astor had
loan of SjOO.OO0 from the United
States Trust Company, upon which
S5Oo glt; was due He owed Cartier, of
Paris. S69,1 for jewelry purchased for
Mrs Madeleine Force Astor while they
were on their honeymoon.
Trust Company's Trouble.
Al the time of his death Colonel AS
tor had ss94. 294 deposited in the Astor
Trust Company. while there was $Io4,-
o5o additional deposited there out Of
the trust estate under his fathers Will
The trust company was seriously en-
barrassed through the tying up OF this
cash total of s1.39s.546. and ii was nee
sssarv for the State Controller To issue
snecia, order releasing the deposits
IN order to relieve the trust company
coIorel Astor's mother left him a