The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-04-19
AMZI L. BARBER LEFT
LESS THAN S1,5OO,OOO
Disputed Debts Twice a>
Large ~ Appraised
Fortune.
ONE CLAIM FOR S2.L73.7OO
Asphalt Man Said to Have Lost
Millions in Automobile
Project.

Amzi L. Barber. founder and former
president of the Barber Asphalt Com
pany. who was thought 10 have left
more than $1,000. 300 when he died at
his home In Ardslev IN April l., 1909.
had personal estate appraised in New
York at only 81 $50 OO0 and real estate
here valued at 5000. He left real
estate in Washington. -. G, his legal
residence. the value OF which does not
appear in the appraisal His total estate
was less than sij0O,OO0.
The executors under Mr. Barber's
will flied schedule showing that his
total debts. including both disputed and
undlsputcd ella inns. az. $2.S1?,i1o. which
IN in excess OF his assets. but Of this
amount. sa.,:,iS3 Is disputed by the
executors Augustus Worthinston and
the Washington Loan and Trust COM
psny
The appraiser accordingly fixed the
debts al only si5I as. which with other
deductions left net estate in New
York OF Sii250ei
The largest disputed claim is Of So
$4,000. held by Marcus Beeb- in be-
half OF the Rubber Tire Company Of
America. This was an unsuccessful
promotion N which Mr. Barber was
heavily interested not long before his
death. Other disputed claims are 800
600 held by the t'ruin Bambrick Com
pany. which was subsidiary OF the
Barber Asphalt Companv. s32 2.OOl by
the Barber Asphalt Company. and 500
600 by w ". tollhran on "A lease
One of the undsputed claims Is an
Indebtedness OF sl20339 to I T.
Albright OF Buffalo. which is backed up
10y an agreement entered into by Bar
her and Albright in 1903. The agree
ment shows that Mr.. Barber and the
Locomobie Company OF America. in
which he was heavily interested were
In financial difficulties
Mr. Barber assigned all his property
TO Albright and the latter was To in
dorse paper OF the Locomoble Com
pany to the extent Of $500 900 with Mr.
Barber's heavy holdings Of preferred
stock as security
In the agreement Il was stated that
Mr. Barber had turbine yacht. the
Lorena, being built abroad under con-
tract. upon which he had advanced
nearly 100000 and on which there was
$4,000 still due. There was a lien OF
sl5O.OOO on Mr., BARRIERS yacht and the
vessel was part OF the security assigned
to Albright under the agreement. The
Yacht was sold to George !. Gould In
1906 and christened the Atlanta
The parties agreed that Albright
would give Barber an income Of SIc.-
900 a year for his family. and the
money was to be used for the support OF
the family and for no other purpose. II
was agreed that n either party died, an
accounting was to be struck and the
amount due must be paid. The claim OF
Sl2O.339 is the amount found I, be
due Mr.. Albright after the security for
the loans had been returned to the Bar
ber estate.
The appraiser found that Mr.. Bar
bers personal estate in New York was
valued at Sl.2S4sSI. OF which the
chief items were the following 5000
shares Lorena Company, ss02,O2O.
5000 shares Dobbs Ferry Land and I'm.
provement Company s445,5OO: 22j
shares Ardsley Casino. which Mr.. Bar
Der founded. sl.237: 1000 shares New
York Bank Note Company. $500 de-
mand note OF Ardsley Casino. Sll.lSl.
and demand note for $4,000 executed
by Samuel T. Davis. Jr.. Mr.. Barber's
SoH-lH-id", ana now president or the
Locomobile Company Of America.
Mr.. Barber had 500 shares Of the
Dutton Pneumatic Company and 800
shares Of the Clovena Company, ap-
praised as worthless.
In his will Mr.. Barber left $1,000
to his sister, Emma Maitland. and SO
900 to his sister. Irene Dick both OF
Oberln, Ohio Half the principal OF the
estate went to his daughters, Lorena
Langdon Davis and Bertha Langdon
Vance. and his granddaughter. Julia
Louise LangdOn Barber, child of his
only son. lie Droit Barber. who died in
1905.
These legatees also got the other
half OF the estate in trust with the pro-
vision that II they died without issue
the estate was to 90 in shares Of one
sixth to Oberlin College. two-sixths to
the American Humane Association Of
Toledo. and three -sixths to the Wash
ington Humane Society. Mr.. Barber
was graduated from Oberlin in 1857.
Mr.. Barber disposed OF his interest
in his asphalt company to go into the
automobile manufacturing business.
One Of the claims which the executors
have refused to pay was $l,500 to the