The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-12
j. D. CARROLL ESTATE
is $1,128,188 NET
Contingent Liabilities May Fur
thcr Reduce Value of
Property.
MOST GOES TO DAUGHTER

The appraisal Of the estate OF Joseph
u. Carroll Tammany politician. friend OF
Charles F. Murphy and member OF the
F1ss' Doerr 4 Carroll Horse Company.
who died on November 23. 1912. shows
that he left a gross estate OF s1.341.3e4.
which was reduced by debts OF s143.2s2
and other deductions to net estate OF
Sl.l2s1sS The contingent liabilities OF
the estate. which were not included In
the appraisal because they may not be a
charge against the estate, amount to
s6G3.2oi. of which $500. 900 is a guarantee
by Mr.. Carroll Of bond issue of the
borough Development Company. in which
he owned 745 shares OF stock worth
5000. 900.
The appraisal shows that Mr.. Carroll
save liberal aid to his friend James f..
Gaifney in the purchase Of the Boston
national League baseball team in 1912
Just before Mr.. Carrolrs death The estate
holds 100000 of notes OF the club and
there IL balance Of Sli,607 due from
MI. Gaffney on the purchase OF stock in
the club. further claim OF $4,000
against Mr. Gaffney was not figured as
an asset and claim of $4,000 against
Charles w. Morse was also suspended I'M
VI 1t is determined whether tho amount
can be collected
Mr' carroll owned 567 shares OF stock
IN the Fiss. Doerr 4 Carroll company.
winch were purchased by William Brad
ley the contractor. for s2i?sl2 when Mr..
BRADLEY bought the shares held nv nil tho
otner stockholders. Other largo stock
holdings were 100 shares OF the Mamaro.
meek Land and Improvement COMPANY.
o"hihg fo' lots at Haines Park, sll9.S76
90 shares OF the Centaur Realty Comrany
Owning l55 to 1863 Fast Tweuty-rou-th
street Sbio"l 100 shares of the Taurus
realty Company. owning $40 Third ave-
nu", SS2i70 and 5000 shares of tho Au,o-
nlatlc FIRE Protection Company, $50. 600
Mr. carroll also owned 1900 shares a,
'u' N'w York Contracting Comparv or.
gained nv himself, the late John I
Murphy and James Z. Gaffney 10 con.
Struct the Pennsylvania Station The stock
was round 10 be valueless because the
only asset is claim 10 s22a.o2l with.
held by tho PENNSYLVANIA Railroad com
phnN on the contract. The TESTIMONY
SHOWS that the FSs, Doe-r Carroll
horse company made a profit OF s41.sli
IN 1910 and lost $3.50 IN 1912. due 70
the effect Of the use OF automobiles on
the demand for horses
Mr. Carroll left the bulk ~ his estate
% his daughter. Loretta She received
a life interest IN 500, 900 and an interes,
IN trust funds aEgregating 100000 on
the death Of the life heneAcaries Sh.
also gets the income from the residuary
estate OF s416.772. and II she lives to
he 30 she will receive the principal. II
she dies before that time and leaves no
children her entire interest will go to the
Rev. Fathers Edward and Michael Doran
nerhews of Mr.. Carroll. who receive
$1,000 each outright
For about ten years before his dea,n
Mr.. Carroll lived apart from his wife
Mrs. Loretta Carroll. and In will made
during that time he left her trust fund
OF $4,000. While he was on his death
bed AT the Hotel Vanderbilt he and his
wife were reconcled and he made
codcil. giving her $4,000 additional