The sun., 1914-08-25
NO STOKES MILLIONS
FOUND BY APPRAISER
Supposed Great Fortune Of Cap
italist Melts to
S251,811.
MUCH WORTHLESS STOCK
Interest in Nevada Enterprises
Caused Big Loss to
Estate.

The appraisal ffled yesterday Of the
estate OF Anson Phelps Stokes, who died
on June 2s. 1913. and who was thought
TO have left millions, fixed the net value
OF MS property at only s251.s1l. His
eross estate was s613,055, but debts of
sSSo.4o3 and other deductions made the
net estate less than half the gross The
inventory Of the estate disclosed large
holdings OF worthless stocks
Inc estate was reduced largely through
Mr.. Stokes's interest In the Nevada Com.
pany, a concern which financed railroads
ana inlnlng properties In Nevada. He
owned 1,173 shares OF the company's stock
rated as worthless by the appraisers.
and 2,222 shares Of tho Blue Bell Mining
company, subsidiary OF the Nevada
COMPANY, also declsred to be valueless.
The appraiser finds that from a loan
OF sti5.s31 made by Mr.. Stokes TO the
Nevada Company not moro than 81 90 600
VIII probably be realized. Other stocks
rated as worthless are 36 shares Lacka-
wanna Coal and Iron. 1b shares Berkeley
Lyceum. and 90 shares American ship
building Company.
The stock holdings found to have a
value are the following: so shares United
states Trust Company. s53.s9l $50 shares
ahsonia Clock Company, $lls,000; 1916
shares American Brass Company si43,lOs;
~ shares Mechanics and Metals Bank.
1880 sos shares WOODBRIDGE Company.
Sts.343. 20S shares Wyllys Company,
s:O.sOO, and 500 shares Haynes Company,
S4s,0SO.
The Woodbridge. wylys and Haynes
companies are holding companies for real
estate owned by members OF the Stokes
family. The Woodbridge Company holds
30 TO 100 William street, worth s2,St2,s42
and mortgaged for sl.s95. 900 The Wyllys
Company holds is Cliff street. 535 Broad
way and the Madison Square apartments
-
ss7s.400. The Haynes Company holds i69
to l75 Front street, IS Burling Slip and
| 200 West Seventy-sixth street, worth
s522261 and mortgaged for sls0.000 Mr.
Stokes had no realty holdings in his own
name except camp at Upper st. Regis
Lake valued a: $4,000.
| Mr.. Stokes owed S35.532 to his wife
Mrs Helen l.. Phelps Stokes, and SIo3.-
$50 10 his sister. Olivia f.. Phelps Stokes
| Other debts for loans were s75,23s TO tn.
United States Trust Company. s5o45C
to the Second National Bank and $780,
to the Mechanics Metals Bank HI
owed sio,775 to the Club Corporation
which conducts tho Underwriters Club
Under the will Mr.- Stokes received
S4s.s67. which included one-third Of tn,
residue The four sons, I. N Phelp,
Stokes, the Rev. Anson Phelps Stokes sec.
retary OF Yale University; J. q. Phelp'
Stokes and Harold NJ Phelps Stokes anc
the four daughters received s5.ssc each
Fifteen grandchildren got $4,000 each
OF this amount $4,000 was given 10 eac,
grandchild TO be used in the discretion
OF each legatee IN promoting the caus,
OF the Redeemer." Mr.. Stokes asked tina
: each legatee leave a similar sum TO enc,
descendant for the same purpose becaus.
he received such a gift from his grand
father Anson Greene Phelps.
Mr.. Stokes left $4,000 to his brother
Col Thomas Stokes: $1,000 TO his secre
tary. James w. McCullock. and $4,000 q
Margaret j. Breen and George Blows
who were In his employ. Constant vos
nier and Fred Sjogren. also IN his employ
| got 81 600 each.