The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-01-21
ASTOR MILLIONS
ESTIMATED TOO LOW
Further Figures Add About ST.
566.5 500 to the Previous
Tally.
TOTAL, PITT AT $40. 800
May Be Even MOrp-Rhinebcck
Property Is Appraised at
1927. 800.
TOTAL. PUT AT S79.392.IOO

The appraisal of the estate Of Co.
John jacob h,fp". upon which the final
inheritancr tax will he collected bv the
state Of New York, shows that the pre-
hminary c~'i'u.ir of So 900 Oh which
a tax of S3.l5u~,y has already been paid
will he too small 10y several millions
When the report has been finally p
proved 10y the Surrogate the estate will
then paw the smainder due the State
II was estimated yester dav bv per
sons IN - position to know that the fna
apprai- Il VIII increase the net estate
from s11 .s2G. .Ow to about s79.39? 500
fh" vall" OF the share left TO Vincent
astor. the resduarv lcGatee, il accord
lnGlv Increased from S67 SEQ 900 to APP
proximatolv sGa 392 500. with the hkeh
hood that there will ha a further increase
before Appraiser IolA Y togg"v and
John Quinn. special attorney for the
state Comptroller. agree on the figures
submitted 10y the trustees Of the Astor
estate a. to the value of the stocks and
bonds and other personal holdings which
have 40, been passod upon by appraisers
chosen Jointly 10y tn. estate and the
representatives. of the Comptroller
The trustees of the estate and their at
toIney. Lewis Cass Lrdyard. Jr.. have had
a stan Of experts at work on the securities
held by the late col Asst or in order that the
final figures may he submitted To APP
praiser .Coggey and his experts rs soon as
possible. because this feature Of the ap-
praisal Is the only one not completed
It il understood that ar least 81 O0O. 600
Will ba paid in death taxes in States out
In g Ill
securities Of corporations Of those States
The delay in paying tn" tax in those
States has been due 10 the W ling
mass of the authorities III out side 81 at as
10 accent the New York appraisal as the
basis for fixing their ia. While the pay
ment is delayed. however. penalties for
, the delay are accommodating in other States
Bryan l. Kennedy, who was selected
to aprraise the real estate at RhlnebeCk
because of his knowledge Of values III
butChe>s county as tn" owner Of properly
adjoining the Astor realty al Rhlnsbcck
has Just filed his appraisal of that prop
erty. He reports that the RhlrehaCh
. o~'at" CONSISTS of 5000 acres and that =
Ialr market value of III" property on
April II, 1872, when Col AStOr died. was
S52i ,jop. or about SlGi - an acre
The Ehl"oh"tk realty. which was not
/ figured with the New Work. real estate in
rsi imating m" total real holdings, whom
tn" preliminary app ral>al was madr. in
creases TN" total from Str So. .mr tn"
value of TN" Manhattan and Bronx hold
,Iugs, Ia SIS ,..i1,jt
II was said yesterday that one feature
of the examination Of the Manhattan
real estate to prepare figures for the final
appraisal WAS the discovery that on
many of the buildings owned bv the
AStor estate there arr For Rent" signs.
which have been han ging on the pros
criy for months. This has been con-
sldcred to some extent IN estimating the
market value of the property.
TIL" plan for completing the appraisal
Iof the estate, it was said Yesterday iS
~ call th" appraisers before Nr. tnCg"v
after the figures ar" all in and question
them n To the methods they followed
i'll order that both the State and the Aston
estate may l." protected
The representatives of the State Conn
iroller Will 90 over each item on the list
,of ar, objects and paintings the other
personal property IN the Fifth avenue
and Rhinebock houses and in the 81
Regis Hotel and question the appraiser,
as 10 the ground upon which they based
their estimate. Ii il possible that the
testimony at these hearings will be given
out from day to day as the hearings
proceed.