The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-04-21

Equitable belongs TO J. p. Morgan's es-
tate or 10 the Arm Of ). =. Morgan .
Co and this knowledge will not be
available until the executors and the
firm check up all the holdings In MI
Morgan's name.
There 10 q general belief that the
Metropolitan Museum OF Ar will be the
home Of the great Morgan collection.
possibly not az q gift for the present,
but az q loan with conditions that would
carry out Mr.. Morgsn's wish to make
them available for the American people
None Of the Museum Board would dis.
euss the matter to-day. but IL The CITY
assures adequate housing for the coilec-
lions, Il 10 likely the Metropolitan VIII
ss& most OF the treasures. The Board
or Es,lmate now has before II . propo-
elton TO construs; a $4,000 wing In
anticipation OF getting the collection.
MAY GSrAeL,sh A NEW Art
- oALLCRv WITH THEM.
Shouid this not be done there ID no
doubt In the minds Of thoss connected
With the Art Museum on whom Mr..
Morgan relied for advice 1t timss that
9 great museum. something combining
the ideas q the corcoran Museum In
washington and that OF Mrs. Jack
Gardner In Boston. will b established.
The corcoran Museum idea would pcr.
pstuate the Morgan name and Weep the
collection intact Tho 0ardner M
scum. which Mr.. Morgan visited often.
appealed to him very much because. ~
he has been quoted - once saying. II 10
q place where one does not instructive.
V reach for . catalogue" Mrs, Gardner
npving erected the building around her
collection rather than having fitted the
collection into = building until the whole
V % q bit OF old Venice dropped down
Ia "ths Fens'
fhssS 10 anpls room on the Morgan
pvepsrty on Murray Hin for the srsc-
tiiea Of such = building. With part Of the
satire structure. the library. completed.
. Whatever disposition Mr. Morgan
tnskss Of The property, however. II Ii
we'll established that he will be com
PEELED 10 pay an inheritance tax upon
u unless tho state should pass . spc.
clai act exemptins that portion Of ais
inheritance from tho operation Of the
present law. In Albany to-day Gov.
Sulser said ne was seriously consid-
ering . special message to the Lcgis.
laturs recommending such . course
Y y thought there would be little op-
position to such n measure.
NeAvv PRICE TO PAY ron
OgNeFiriNo PusLic.
without such an exemption act the
estate will pay. assuming the collec-
ton to be appraised at no more than
EJoQ0.0o0. q tax to the state Of 81. sO0co
On the collection. This. art enthusiasts
sstd yesterday. II . heavy price TO CON-
~ one to pay for giving away many
millions for tho benefit Of the public.
HaA tbs art beausst been made In
trust with instructions TO his son 70
carry out his wish--that Il be devoted
70 the uplIft and entertainment Of the
putaic-cyen though NO definite plan
wae outlined or definite time inentio
eer tho trust being carried out. thcs<nDl.
lsctions would be- exempt. according 70
kwyrs who read the vii! yesterday.
II n understood that In Mr.. Moruan's
estate viii be found securities NO gilt
sdesd that brokers In Wall street for
. geasrstion never heard Of them. much
leeD 6aw them quoted. hence the DIN
culty' N hxinx = value for them. An
s0eDAi IN the state Comptrolisr's ofiies
taAnts the STATE will collect about
Q0aooo on the Morgan estate. which
vel1a make Il shout sco.oOoooo la value.
- the property dificuit 70 value
"a b found stocks Of subsidiary rail-
way companies. under lease end most
Important 10 great systs,us. which
guarantee dividends upon them. bonds
Of, such companies and underlying
bsaas Of big systems that seldom are
aArkstel.
Tne nrSt named class Of securities
woupu include such shares AZ those o:
the New York and Harlem road. which
worth many tlmes its par value 10.
cause II controls the entrance into New
verk City Of the New, York Central
sxGe6m. When stock OF this kind
reaches the markstssas II rarely doss.
thQfo 10 usually . wide difference be.
tWVoo the price At which Il 10 sold and
the last previous sale. Usually these
salso are private. 80 tina. the public has
ANAL means Of learning the market
vajis. ..
~ y unAsrstood that there are lars,
boeekA Of Insurance company stocks IL
~ estate. These are very valuable
ana outside Of the Equitable stock
vary from time to time greatly Il
valve.
Bouac Of these Insurance stocks
notably that Of the Aetna OF Con
necttcut. went to him from his father
who. when almost svsrybooy though
the company was going 10 smssh. &C
cvmulatsd . large sum by buyinl
clnims against u At . few cents on tn
lellar and buying its shares for . frso
tlDo Of par.
Titanic CLAIMS
MUST Be SETTLED