New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-01
Son Who Married With
out Fathers Consent
Got Full Share.
NET TOTAL OF THE
ESTATE &c. 62, 85
Cotton Print Kings Yacht Sold
for $4,000 - Employees
Wages Were Raised.

Although a codicil added 10 the Will
of NJ. c. d. Borden disinherited his
son. DR.. Matthew S. Borden. because
Of the latters marriage without the
consent of his father, the transfer TAX
appraisal of the estate Of Mr.. Borden
which has just been completed, shows
that there was reconcillation, ann
that Dr.. Borden's shares equally IN the
Estate with his two brOthers} each re-
eeiving S2154,12l.
owned the American PRINT az Com
.pany. At Fall River, Mass, oae 81 the
largest manufactures of cotton prints
in the United States. he Efs known
as the wage raiser Of Fql River.
He provided in his will that his wife
Mr. Harriet VI. Borden, sopuld have
tbc lifn uee Of his estate, apd that at
how dcotb il wa to revert q his sons.
Mrs. Border prcdcceascd ~ husband.
Planned i New " ill.
When the codicil cuttirs of DR.. NJ.
: BORDEN vas made publ 9, member
Of the Borden family planned that
DR. Borden ard mis- { .tht 4 had become
reconcilcd. that the sons wife naa
boen received into the family. and tnat
the son had become engaged III ms
cotber,s business. Il wa also SAID thaJ
~ tho time his death ne had IN CON
templation the making If new Will
Vale University, OF which Mr.. Dor
don was graduate. was the only o'neI
beneficiary in his will. under when the
institution received S2j0,OOO. MI hoI-
den left personal ard real properly
Amounting 10 S6.462,. 50 net. Inc rea'
crtotc consisted OF I West 76th ST.
and 1874 West 56th s. ;..;nos
The Borden collection OF paintings
porcelainS, other arr OBJECTS anu LIS is
were sold at auction year ana nan
ago and brought 81 6O6,l joy.
rho interest Mr. Borden owned nv
N. c. ID. Borden & Sons at the time oI
his death amounted TO S9oO'oOU, anu
tbere we're profits due him OF SZ5o'oo1'
His largest holdings were 1,30O shareS
Of the American, Printing COMPANY
valred AT $3.50 900. Among his bank
stocks we're 500 Corn Exchange Bank
Sl55. 900; 5lS L ncoln National Bank'
S19425O; rs National Park bank'
S27.75O; $50 New York Trust Company
500 $50: 100 lincoln Safe Deposit
Company. 1852 100.
Owned Valuable Jewels.
Mr.. Borden .lso had numerous hold
ings Of railrc ID and industrial securi-
ties and on one of them was put
down as of value, an unusual per
centage in So large an estate. The STOCK
held WORTH, - consisted OF 800 shares
of the Unit d States Potash Company
Mr.. Bor ems only life insurance
policv was for $1,000. He had a black
near SHAPED pearl valued at $1,000. An
emerald and diamond necklace that be
Ionged to his wife was valued at
$4,000
He was an enthusiastic yachtsman'
and his steam yacht Sovereign was at
one time the fastest craft that sailed
along the New Jersey coast. After the
death of the owner the Sovereign was
sold for $4,000. The Nedette and the
Camilla, smaller vessels, were sold Tor
81 800 and $685., respectively.
One of the appraisers of the estate
of Mr.. Borden discovered in the al
fairs of the American Printing Com
panv what he believed TO be shrink
age Of $5l7,793 in the profits OF the
company for the two years prior to the
death Of the head of the corporation.
This apparent shrinkage was traced to
Mr.. Borden's policy of raising the
wages OF his employees.