The evening world., 1913-05-21
AGENT Of STATE
TO VALUE MORGAN
HOLDINGS ABROAD
Rush viii Examine Books of
London, Paris and Berlin
Branches of Firm.
SAILS ON MAURITANIA
Trip Is Without Precedent, but
Will Save Big Fees to
r Counsel.

Thomas T.. Rush. Transfer Tax At
torney to State Comptroller sohmsr,
ssiled at o'clock this morning on the
Aauretania, accompanied by Oeorss A.
Miller. Of Carter. Ledyard 3 Milburn.
counsel to the executors Of the estate
Of J. Pisrpont Morgan.
Rush will devote q month to an ex.
animation Of the books Of J. 8. Morgan
4 o.. the London house: OF Morgan,
Haf3ss d Co.. the Paris house. and the
Berlin branch Of J. P. Morgan 4 Co.,
- Determine tho value Of the nnan.
oaers holdings In them against the ap.
lraisai OF the estate. Good will a. well
- he tangible assets Of the houses vii,
be taken into consideration by the
Transfer Tax Attorney. In all Of whose
work Miller will take an active part.
Mr.. Rush's trip 10 one result Of Henry
p. Davison's journey to Europe shortly
sitter the death Of his senior partner.
NJ. Dawson. though now In Egypt.
visited both London and Paris in prep
afation for the closing up OF the Nor.
gan estate. 1t has been understood for
some time in the financial district that
no application for the appointment OF
appraisers would be asked until Mr..
Davison's return. and now a further
delay seems probable.
APPRAISERS FOR ESTATE WILL
WAIT ON RUSH.
The appraisers will not begin their
WORK un.A after Mr.. Rush has COM
paetsd his inquiry. and although It will
fa0htate matters II Is becoming more
aad more improbable that the appraisal
caa b completed within the six months
allowed b. law before an extra per
cent Of tax 10 levied. Two months and
twe weeks Of the period have elapsed.
~ it y said to be possible that the
a3aasU OF the estate may bs In such
shaps when the appraisers actually get
to work that the task can b DISCHARGED
with expedition unusual to such estates.
It was announced yesterday that the
present head Of the Morgan house will
All Tor Europe next month. Immediately
aftse Mr.. Davtson's return. purely for
rest ana recreation.
Mr.. Rush's trip 10 without precedent
IN the Comptrollers ONCE. His Personal
examination & the books OF the three
houses will simplify the work Of the
appraisers here. and by making the ex-
animation himself he will save the State
the fees OF special counsel. who would
b. paid on . percentage basis. Mr..
Ruoh speaks French and German nu-
emily.
WILL ALSO LOOK UP ESTATE OF
BRADLEY MARTIN.
While Mr.. Rush Is In England he will
look into the estate OF Bradley Martin.
Although born a New Yorker. Mr.. Mar
tin had for years been q resident of
England. He left Sl.2S5. 900 in stocks and
bonds. which we're exempt from taxation
in this State under a law passed two
years ago. Mr.. Rush win ascertain
whether these holding escaped taxation
in England on the grourd that Martin
was an American citizen. The law eX.
emptlng from taxation tho real and per-
sQnal property o. ron-residents cut of
RON the State OF New York on income
which averaged $4,000 for the four
years ending Jan. !. 1911.
Before Mr.. Rush returns to the United
States he will visit Galway City, the
home Of his parents In Ireland.
Fifteen hundred shares OF d. r. +.
stock held by the elder Morgan were re-
leased by Mr.. Rush before his depsrt-
ure. They are to be transferred to the
younger Mr.. Morgan In order that he
may vote them without waiting for the
Settlomsut Of the estate.