New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Father Remembers There
Is Chance of Sons In
come Increasing.
GIFTS $4,000 A YEAR
ON DEATH OF SIRE
p,nker Resents Questions at Trial
of Daughter-in-Law's Sep
aratiOn Suit.

,.,r,,s, Belmont remembered yesterday
nc son RAYMOND did have some
-.osnects Of getting an income. TO bolster
- tho one Of 1912 he has now. Mr.. Bel
-.o,t was under the crOss-eXaminat!on OF
.-su.,,,d +. Mooney. counsel for Mrs.
s,.,el rJndner belmont. wife Of Raymond
pelnont who IS suing for a separation IN
the Supreme Court
u,ben Mr. Belmont was on the stand
,,r, DAYS ago he said that Raymond had
- prospects. Since then the books OF
,,s,st Belmont & Co. have been exam
800 nv an accountant engaged by Mr..
,oorev. II was brought out that MIR.
p.,,,ont has made his son the beneficiary
=, a paid-up life Insurance policy. from
v,,ch Raymond will be assured Of a life
,,cor,e OF 5000 a year on the death Of
his father
"1 entirely forgot about that" said Mr..
p.lnnont when he added this Information
yesterday.
The testimony showed that Raymond
.,sn. 100 74s from the time he came into
NJ. patrirnony 10 March 10. Mr.. Mooney
-r.rt into some shares of Metropolitan
pacing Association stock held by the
young man, from which Mr. Belmont ex-
n,sined there had been no dividends since
100 They were on the books or the
banking house at par, although Mr.. Bel
mont said they were worth only % at the
time his son got the stock. The banker
s,,sssed that the shares were not worth
,,ore than y now, because, az he ex-
claimed, racing was stopped. However
Mr. Mooney reminded Mr.. Belmont that
racing had been resumed, and figured out
that the stock must DO worth more now
than II was when the racing was stopped
BY the state.
II have discovered" said Mr. Mooney
rnat one Of the things that made young
Rslroonts finances dwindle from $l43.2@S
four years ago 20 $4,000 now is that he
owes his father $1,000 In short, one OF
the reasons why young Belmont can
nav his wife's alimony. according TO his
millionaire pater. is that young Belmont
OWES his father $4,000. We will see how
far such reasoning will 60 In the courts
Of this county
Mr. Belmont testified that Sir Bache
Cunard. with whom Raymond is st1ying
in London. had agreed 70 take charge or
the young mans finances.
Sir Bache is an old boyhood friend OF
mine" said Mr.. Belmont MY son pre-
ferred not TO have the handling or his
own affairs This was the method agreed
upon before he went away.
II has been the contention Of Mr..
Mooney that Raymond Belmont should
have come from England and explained
personally about his finances and his aoil-
i,v 10 pay alimony. And when Mr.. Bel
mont told Yesterday OF sending his son
cOo by cable the attorney wanted 10
know why he did not send draft, and
intirnated that the money was sent TO en-
able RAYMOND to come back 10 New York.
but that the son preferred not 10. But Mr..
Belmont said his son wanted TO use the
money TO keep him in England.
NJ belmont said he lent Raymond N,2"
In 1910 10 buy some dogs. and Mr. Mooney
tried 20 show that 1t was only since the
suit was brought that any record was
made OF the loan or its repayment sought.
RAYMOND ran the Relrav Beagles Kennels.
Several times Mr.. Belmont turned 10
Justice Greenhaum for protection from
the questions Of Mr.. Mooney, and several
times Delaney Nicol, attorney for the
son. made objection.
Mr.. Mooney tried 10 show that instead
Of Raymond having spent all the money
as indicated by the debit account In his
fathers bank. some Of his property was
reinvestod Jr Mooney insisted on hav-
Ing an the vouchers admitted as evidence
which proposition net with the objection
OF M NicoL Instce Greenbaum gave