Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-30
value BUSCH ESTATE
At FIFTY MILLIONS
FORTUNE DIVIDED INTO SHARES
AND HEIRS 70 RECEIVE
INCOME.
SON AUGUST TO SUCCEED
TO BUSINESS MANAGEMENT
Annual Income Of Heirs to Amount to
$4,000 or More Than $1,000 Daily
August A. Busch 70 Receive Two
Shares and Provide For Invalid
Brother-Provisions Of Will.

Brother-Provisions Of Will.
st. Louis, Mo-, Oct. 30.-Each Of the
heirs of the estate Of Adolphus Busch,
who. according to the will filed here
late yesterday, are to have shares OF
the trust into which the estate is to be
formed, will have an annual income OF
S375.0o0. or more than $1,000 day.
The son. August A. Busch. who sue
ceeds his father In the management Of
the vast properties. Is to have two
shares Of the trust. He 10 required to
make provision, however, for his in
valid brother Carl.
According to a high officer Of the
estate, who made the figures known
today, the income Of the estate is esti-
mated at $30,0O0,000. which is per
cent return on a valuation Of 5O,00O.-
600. The heirs are the widow and seven
children.
The fact that codicil was attached
to the will q little more than a year ago
exempting Lieut.. Eduard Scharer, the
husband Of Wilhelmine Busch, from q
fourth interest in his wifes share Of
the estate. should she die before him,
was explained today by q member Of
the family. The codicil was added. it
was stated, not because Adolphus
Busch resented teh marriage Of his
daughter to the German lieutenant be.
cause the laws Of Germany provide
husband and wife shall share equally
In any estate either shall inherit and
that the original provision giving
Scharsr Z fourth interest in the es-
tate should he survive his wife would
be invalid in Germany.
Provisions Of the Will.
Tho provision Of the will for three
executors and three trustees was ex-
planned by attorneys today as follows:
The executors. Mrs. Lilly Busch Ed
ward A. Faust and Charles Nagel. will
have full power to make the $2f0, 900 in
charitable bequests ana the personal
bequests amounting to $4,000, and to
provide an income for the widow not
exceeding $4,000 q year.
After these deductions are made the
trustees. Mrs. Busch, August A. Busch
and Charles Nagel Will administer the
trust estate subject. however, to GER
tain provisions that make August A.
Busch supreme in the management Of
the brewery, the manufacture railway.
the American Bottling Company and
the Busch-Sulzer Brothers Diesel En-.
gine Company.
II vacancy occurs among the trus-
tees. Faust Is to fill 1t and II there is
one among the executors, August A..
Busch 10 to fill It. If only one trus-
tee remains the st. Louis Union Trust
Company becomes trustee. BY these
requirements provision is made for ad-
Of the estate In all de-
tails by persons who were intimately
associated with Adolphus Busch, The
only person named as trustee or ex-
ecutor who Is not member of the
family by blood or by marriage is
Charles Nagel. former secretary Of
commerce and labor. who was the per-
sonal counsel for Busch and who drew
the will.
Leaves s21oooo 70 Charity.
In addition to the charitable be.
quests set forth in the will Mr.. Busch
left a private memorandum requesting
Of his family to make certain
other donations. most Of which are
private in their nature The total be-
quests for charitable purposes is
$4,000.
The trust is to be disposed as fol-
lows:
Ono eighth to the widow, Mrs. Lilly
Busch,
Seven eiehths to he divided into
seven equal shares, These shares are
to be apportioned as follows,
Two shares to August A. Busch, the
son and for several years active head
Of the Busch interests,
One share to be retained by the
trustees for each Of the daughters:
Mrs. Nellie Loeb, OF Chicago, Mrs.
Reisinger of New York; Mrs.
Clara Won Gontard Of Berlin, and Mrs.
Wilhimins scharer, wife OF Lieutenant
Scharer Of the German army.
All household property and effects,
including painting, statuary and Jew
elry, as well as carriages, horses and
''other appurtenanoes" SO to Mrs.
GEsch.
German Estate 70 Wife.
Mrs. Busch also received the estate
In Germany, including villa and
twelve hundred acres Of forest and ag-'
ricultural land: Moreover, until the
estate finally is settled, Mrs. Busch
Is to take whatever che. deems proper
ZOE Sn0 m0a0t0uA0S0 pk WSIS6ak 6Il0 14e
mily. not exceeding $4,000 a year.
The following st. Louis institutions
are givsn $4,000 sachs
German General Protestant Orphans
Home, Home Of the Ffisndless, Pro-.
kestant OrphanS Homo. ST. L1!ss's
Provident Association Of St
Louis. 1Attle SISTERS of the Poor,
Episcolal OephanF Home, Sisters OF
the Good Shepherd, Teacherv Bsnevo-
lent Annuity Association, st. Louis
Hospital, ST. Louis Profess
tank Orphans Asylum ak websteP
Grove, q suburb OF 81. Louis and the
Jewish hospital.
The Altenheim. a local homo for thss
lgsd, II given $4,000.
othsr Dsqueets Made.
Those whom Mr.. Busch requested
me family to remember and the
which he set forth follow:
Rev. Caesar Spixardi OF the church
pf Our Lady Of Christian Help (catho.
Il 7s=Issss3-54i -