The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-23
BANKER THALMANN
LEFT 81 81, 9S9,S7?
After PAYING Debts and Costs
Widow and Other Heirs Get
S3,976,923.
BACKED SCIENTISTS STUDY
Agreed to Pay Or. Marks $780,
OO0 Year During Search
for Cures.
BACKED SCIENTISTS STUDY

~. transfer tax appraisal OF the estate
~, Ernst Thplmauu. member of the bank
.-p firm of L1deuhurg, Thalmann n Co.
a.. d.,H on February 20, 1912. fixed the
cross value Of his estate at - q5a.377. The
.,, estate. after the deduction OF debts Of
ie-34ip and other legal allowances, IL
t31-fa22 The appraisal shows that many
.e.u-,'Ics owned by Mr.. Thalmann were Of
ra value while others were OF uncertain
value
" Ttilmiuu's interest In his firm was
'Se-IS2Nl. but this does not include any
valuation for Mr.. Thalmann's interest in
,1. good VIII Under the partnership
agreement between the members of the
nrm the good will was conveyed to the
surviving members The amount was fixed
a. II f1r the purpose Of the appraisal.
Mr.. Marie Thaimrun. the widow, re-
.e we'd the contents Of the apartment at
$50 Central Park south worth s37.754 (:
life interest 10 81 .00O. 900. and a further
re interest IN tl,029,0i3 OF the residue
raul l. Thalninn, "A son, received a life
interest In ono fund OF si.029,0i2 and
another 81 t4P.S77, while Edward Il. Thai
mann. also a son. got life interest in
tt29oi7. The sons get the principal of
'ie cs:ato on :Hc death of their mother.
Mr. Thalmann left 5000 to Jeanne
Hoscn. a niece. and cancelled an indebted
ness ~ $50. so " his nephew. Felix Rosen.
lie gave 81 900 to Marie Thalmann of
Munich. Germany and $4,000 to Mrs He'd
wig Ncuwinn, governess of his son.
He gave 10000 each To the Hebrew
orphan ASYLUM and Mount Sinai Hospi-
raj. ard $4,000 to the German Hospital.
lie directed that $4,000 be distributed
among the servants.
The asset, of the estate included de-
posts OF t1o.1ll. OF which s56,62i was
with his firm. His stock Exchange seat
Nas appraised at S6l 900. and he had life
Insurance NJ 100000. His jewelry was
valued A. $1,000 and his household furni-
tire books. s.lvcrware and art objects
we're worth 297b4. The estate paid s21,
2sf for a plot In woodlawn Cemetery and
Hts contracted for a mausoleum to cost
t3i25l For assistance ut the time OF the
'Ireril the family servants and the en-
p'oye"s of the apartment house received
So 600
The more valuable stocks owned by
Mr. Thalmann were the following:
900 Alliance Realty ro............. ss3s0t
so L : RIbher Reclaiming Co.. so, zoe
~ Mechanics and Metals Bank 1866
.eoe Nlrs MIA Carolina Chem. Co.. 5S29'
10 United Copper. ,............. st56l
$500 Industrial Securities Co. 35g 90i
800 Miami copper Co... ...... 3,5l'
Alersmeine Elcctrizi,at deseischaft
sIa4eH,sthc Distonto stock Ills.
stocks found to be worthless included
1000 shares German-American Mimi,
company, 100 Smith Nassar Telephone
company and 1000 RitzCarlton Hotel o
pittsburg. Stocks of doubtful value wer,
~ $50 shares Bingham Central Standar,
Mining Company and 49, 600 shares Ari
iona United Mining Company.
The appraisal shows that Mr., ThalmanI
vas heavily interested In pyrite mining IL
St lawrence county, New York, and 10 the
Consolidated Mines of Durango. Mexico
lle held 36.i0l shares of the latter com
pany for loan of Sl0t273. He alst
reid 'he following stocks for loans s62,
Uo0 American I'yrit.s Company for loar
Of 1884, 700 shares of Adirondack
and - Lawrence Railway for s2S,650
100000 shares Of st. Lawrence Pyrite
company for indebtedness OF s374,9l4. ant
800 shares Of st. Lawrence Compan!
fpr an Indebtedness OF sl35,270. Minnl
engineers testified that the pyrite mininl
property In 81. Lawrence county wal
worth about 100000. and that the Du
rtugo mines were valued at about 800,
900 The stocks held for these loans ar
accordingly appraised as of uncertain
,a,ue. M. Thalmann owed sil4.706 t.
his firm ON a call loan.
The appra sal shows that on Decembe
81. 1911, Mr. Thalmann and Ave >the
persons agreed with Or. Lewis Har
Marks II Frankfort on- Main. Germany
70 paw s. 600 year each for five years L
'nahe pr. Marks to experiment for
cure for pneumonia, blood poisoning
malaria and other Diseases Or. Mark
was 10 operate a laboratory at an ex
r,rsa ~ NOT more than 10000 yea
and 10 make no disclosures concerning hi
discoveries except 70 his financial back
rrs and O. make no sale OF his discover!e
Nthout their consent. The other parue
90 the agreement were Adolph Lewisohr