New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-18
ESTATE GAINS S5,071,175
Executors of William Zlegler's
Will File Accounting.
TOTALS S16.463.899 NOW
Action Follows Demand from
Foster Son for Surplus In
come He Says Is Due.

Mayor Gaynor William $. Champ ana
Mrs. f. Matilda Ziegler filed their ac-
count in the Surrogate's Court YESTERDAY
as trustees and executors of the estate
OF William Ziegler. manufacturer OF bah-
ing powder and hacker OF Arctic eNpio'a
tons who died in 1908. The accouhlIh6
was asked by William Iiegler. foster son
and principal heir under the VIII oil MI
Ziecler who became tuenty-one wears Oh
last .Julv. lie also asked that the sur
plus income from the estate be paid ~
him. The accounting is up to NoVempel
20 last. at which tine the estate aioun'eo
to Sl6.4s3.sse The principal. exclusive OF
real estate when transferred 10 the trus-
tees In 1906 amounted 10 s11."'2,'2i' ule
account showing net increase OF SJ'V'l'-
10. or an annual increase OF s'-4'f'o'
The surplus income amounts TO Nf.''o' y
The net annual income payable 10 IieS-
Ter. which he has been receiving as IL
accrued. amounted 10 more than 's0o'oo".
Tho uneypcndcd income FOR the year, No.
vember. 1911. 10 November. 1912. amount
ed 10 100000.
MAYOR Gaynor ana his co-trustees are
well pleased with their work, and take
occasion 10 tell Of il in their report as
follows:
THE assets of tho estate have been 50
well managed and conserved under the
personal supervision and direction % inc
three trustees that the income IRON many
Of the assets has been doubled. The eN-
ecutors and trustees have fully and accn-
.f
commissions received have been only
those provided by law IN sd'h cases an"
directed 10 be paid them by tae Suir"-
Satc's Cont
The body Of the estate was in tho roI-
lowing form: CASH in bank slfl'o"'
stocks ana bonds. SOL 1919; mort
cages. t6.060.35e. equity in real estate
arising ont of foreclosure Of mortgages
lsIi3.G00. and furniture. horses. etc
s@O.qSs. Some Of the holdings OF the
estate are 10 shares OF The Brooklyn
Daily Eagle" 100000; 500 shares az
ROYAL Baking Powder Company. pro
ferred S6Gti4e. ana 62.3iS shares OF
ROYAL Baking Powder COMPANY. com
mon. Se.Ie-.1i2.
In the last year The income In the in-
veutori-d estate has been - lttl" NOR
than per cen'. The trustees said. NJ
the present valuations and by reason ~
,b. constant personal car" and super j.
sion given to the same. the inNentoil"i
appraised value at the present Tune
would show very great increase. Tne
accounting shows that TN" appraised rear
estate IN 1905 held by the trustees was
s..501.4... or which there stl rema ma
in the hands OF ia. trustees s,'N."-. the
-smainder having been sold I'm the last
ei& Years ~ net profit II 10 per cent
The trustees say. regarding the Prov
sion Of the viii Of Mr.. Iicgler that his
adoufed son receive the net income upon
his reaching his tventy-hrst year. that
the provision is uncertain and submit
the settlement OF the question to the
Surrogat-'s Court
The will provided that youuS Iie2l"r
was 20 hay. sufficient from the iucom"
during his minority FOR his support ana
upou his reaching his majority the sur
plus income At twenty-five lie Is 10 Pc
,.iy. one-quaitcr of the corpus OF the
estate and oue-puarter every h'' years
thereafter. ...
Tn. Vuuus man recently Married MISS
Gladys Virginia Watson. ard u" has
asked tie surrogate 20 give him the &C.
cumulat.d income that he might buy q
..huuso for himself and wife. George ".
Brandt. of Chicago. hdlt-brothtf or inc
Iafa NIr Zieeler. mas iilcd his objections
IN the Surrogates Court against thc
ua,Insnt OF the surplus income. declal-
ing that BE- and a full sister. another
half brother and two hali-siStcrs of Nj.
ZI,pI.r .r- Interested in tn. contingent
provisions made by Ar Iiegler OF III"
rorDus OF the estate. to which the sur
plus income Of SJ56.e7+ should be cred