New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-07-07
BAKING POWDER
KINGS ESTATE
WAS$I6,5OO,OOO
w. Ziegler, Founder of
Royal Co., Made Adopt
ed Son Beneficiary.
YOUNG HEIR RECEIVED
$5,OOO,0OO INCOME
Payment Delayed by Sisters
ConteSt-Sett,ed with Her
foT $4,000.

An accounting filed yesterday in the
SurroCates' Court by executors Of the
estate of William Ziegler, the million
aire baking powder manufacturer,
showed that his property was worth
more than $l6.50O,000. William Zieg-
Ter, jr.. his adopted son, who was the
chief beneficiary in his will, has already
received S5,000,0O0 Of the accumulated
income.
The papers submitted yesterday COW
cred two separate periods. the first from
November 80, 1912, through September
10. 1918. the date Of the death Of May
or Gaynor, who was a warm friend OF
the baking powder magnate and named
as one of the executors and trustees
of his estate. The accounting for the
first period was made for the late Mayor
by the Kings County Trust Company,
his executor. The accounting for the
second period, extending from Septem-
Der 10, 1918, to December 81. 1914, was
made by Mrs. f. Matilda Ziegler, widow
of William Zicgler, and William ).
Champ, surviving executors.
In the latter document was disclosed
the fact that Miss Florence Louise
Brandt Ziegler, a sister Of William
Ziegler, had received a S375,0O0 settle
ment from her brother after he became
Of age, two years ago. In October,
1918, Miss Ziegler lost fight in the
Surrogates' Court to obtain half in
terest in the estate.
The accounting for the first period
showed that the total estate on Septem-
Der 10. 1918. was S16,54S,6l041, includ-
ing the accumulated income Of S4SO9,-
316. Under the will Of Mr.. Ziegler the
latter amount was TO be paid 70 his
adopted son when he attained his ma
iority. The payment was deferred,
however. because Of the pending set
Element with his sister, so it was after
his twenty-frst birthday that he actu-
ally became a millionaire in his own
According TO the accounting, the
Ziecler millions in 1910 consisted OF
S2O7 .O93.86 in cash; stocks and bonds,
SIOO52. O7455; notes receivable, $IO,-
600; bonds and mortgages, Sl4l5,954;
investments on the balance OF the &C
cumulated income. S4.G0l,OOO; equities,
Sl11.5O0. and horses and personal
effects, S3O,9Ss.
The total estate at the close Of the
second period was shown 20 be Sll'-
S35.S79. which was after the accumu-
lated interest had been paid to young
Ie1gler. mat payment tlc "DNON'' -
said was exactly S4,73723O.o9, the
amount left after an advance payment
Of S25O.O75 had been made to him be-
fore ne became Of age and after var,
Gus payments for commissions ana
other expenses had been deducted.
Besides the lump sum Of accumuiat-
ed interest. William Ziegler, Jr, has
also received an income from the
principal Of the estate from November
SO. 1912. to December 81, 1914, amount
ing to 1.396.2O618, the executors SAID.
The net income from the Aegler
estate during that period was said to
be S1.51O,AS5S9 The quarterly returns
from the Ziegler interests in the Royal
Baking Powder Company. the company
founded by William Ziegler, Jr.,s'
uncle and foster father, was shown 10
be s190O44.
It was also said in the accounting
that the trustees held that the estate
of Mayor Gaynor was entitled to S24'-
1877 in commissions. That amount has
not been paid, however, as an appeal
has been taken on it by William heg-
Ter, jr.