New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-22
SPENT FORTUNE.
ERE HE COT IT
How George H. Robinson
Went Through Mothers
Estate Told Court.
COULDN'T WAIT
UNTIL HE WAS Il
Yorng Man Assigned Interest in
Property - Referee Holds
Transaction Valid.

Some more details OF the money spend
ing propensitics Of George Hyatt Room
son are given in the report oil NIoC'
IarTcmorc. who was appointed by the
Supreme Court as referee in an account
ing filed by Lawrence f. Brown VINO was
named as trustee Of the estate OF ROOM
sons mother. Mrs. Agnes Hyatt ROBIN
son. who died ten years ago.
In the report it is shown the younS man
with the spending habit got rid OF the
fortune that was left him by his mother
even before he was old enough TO come
into possession OF the money. Robinson
is now twenty-seven years old, and Oe-
cause of his many financial difficulties
and much litigation the reference mas
been held up for three years.
Robinson hypothetated his interest in
the estate Of his mother before he was
twenty-one years old, and then sought
also TO get his share afterward on the
ground that the loans advanced 10 MN
were usurious contracts. But Mr.. Larre-
more holds the trustee OF the estate must
make good TO the lender the money Rob
inson obtained.
Mrs. Robinson left her husband. Charles
4. Robinson, a life interest in one-haf or
her estate Mr. Robinson lived in Port
land. Me She provided that If her hus-
band died before her son the son was TO
have the principal The son also was to
have the principal from the other half OF
the estate when he reached his majority
The personal estate was valued at
s20O. coo. and there was real estate in this
city. two lots in Toledo, and property in
Illinois Mr. Robinson. the husband. left
the management OF the property TO Au-
gustus IT. Offender. who was appointed
as co-trustee with him. Subsequently Gil
lender was removed as trustee in an &C
lion which Mr. Robinson brought because
Of ALLEGED mismana cement Of the estate
and bad investments.
Lawrence +. Brown was substituted as
trustee. Later Gillender was heciared in
sane, and the accounting asked from him
Of his acts as trustee was never given.
When Offender turned over the trust
fund set aside for George Hyatt Robinson
It amounted 70 sll4i25, and its value to-
day is Sll5.000
The report OF Mr.. Larremore shows that
lc was a partner in brokerage firm He
wanted money. and conceived the idea Of
raisinS sl15Oho on the chance he would
survive his father. when he would become
entitled to an estate valued at S266.00 In
personal property and $4,000 in real es-
tate
But Robinson did not mean 10 wait To-:
the money that would come TO him on the
death Of his father. because he was not
certain he would ever collect it. He ar
ranged with William ]. Jenner. a broker.
10 assign some OF his interest For sSj COO
ne assigned an interest of $4,000 in tho
property he would receive from his own
half OF the estate and an interest of So 800
in the property he might get from his
fathers half.
Then Robinson got in touch with the
Eagle Insurance Company, Of London,
which buys interests in estates. and ar
ranged with the law firm OF Sullivan &
Cromwell which represented the London
concern, for the payment TO him of 81, $50
for an interest OF $500 and $4,000 for an
interest Of 1890 lie also took $50
for a $4,000 interest. Mr.. LarTemore does
not uphold the contention Of Robinson
that these were loans. but decides the
Eagle Insurance Company bought these
interests outright.
Altogether Robinson got 10000 from the
London company, and he paid $1,000 70
the broker who put through the deal. Mr.
..arremore maintains the Eagle Insurance
Company is entitled 10 recover slOO01
from the estate, and that there was M
usury, as charged by Robinson. The
trustee has paid the young man $50
out NJ tho trlet estate