New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-28
8 RING Welded
ROCKEFELLERS
Value Fixed in Appraising
Estate of Oil Mans
Wife.
SHE LEFT TOTAL
OF 81, 490,371
Request of S43s,593 TO Founda-
ton Exempted from Taxation
State to Make Test Case.

Three dollars r. the value placed by
-, transfer tax appraiser on the
r.dding ring left By Mrs. Laura s
Rockefeller. wife Of John D. Rocke-
,.ller Her entire estate was ap-
,,,i,ed a. si,4sO,37l, and among the
',v.lrv or Mrs. Rockefeller the
,n,lls,t ITEM is the ring which her
,r,bsnd placed on her finger on their
adding dsv. when he was strugg'
i,,s livelihood in tho Buckeye State
With his chief asset his willingness 20
york
Tsx appraisers do not tax articles Al
..,i- sentimental value. They have
% 10 only with intrinsic values. Mrs.
2o,ksfeller left this band Of gold. with
,,s.ert day value OF 50, TO John d.
po,ksfeller. jr., who also received
diamond and emerald ring, valued at
,;ooo and 500 600 in cash. The only
,.oyss. from Mrs Rockefeller TO her
husband was a diamond and ruby mig
valued a. $1,000.
The Iarrcs, beouest made by the
s,.sder, was s43s.593. 20 the Rookie
..n,r Foundation, The fsvorite phil
,,,b,o of her husband. This be
,,ss. vas declared exempt by Joseph
"a SpenceI. transfer tax appraiser
~-5or -hs law cyempting charitable
and educational institutions.
Will Create a Precedent
rbi. action. &. sustained BY the
mt, will continue "a precedent
~r5sr which the state will lose thou
Ind, Of dollars on large requests
r,i,b will surely flow 20 the founda-
80, from The Rockefeller fortune.
Tbe S,ate Controller will file oDJec-
80. 30; .be Surrogates' Court, WheIv
.bs srrreisal was filed yesterday 10
.ss friinr OF the appraiser. making
.s., case. l.. a. Wray, attorney for lhe
...,o Controller. requested AppraIse.
s,srcsr &c ind that the bequest OF
Ms Rockefeller 70 the Foundation WaS
,rb;eet % taxation on the ground lhat
,bs Rockefeller Foundation carries ou'
,,s charitable and educational WORN
.trougb subordinate agencies and does
10, 40 10 directly.
Annrsiser Spencer ruled that the
rltimste purposes and not the lnstru-
ms,talities employed determine the
.,,tus Of the Rockefeller corporation
AID that therefore the bequest shouid
Be exempt II,
otber public requests made by Mrs.
go,kefcllcr which also we're exempted
~. Women's American Baptist
r,-s;gu Mission Society, S3OOOOO;
Fomen's American Baptist Home Mis-.
..or Society. 100000, and Bureau OF
Social Hygiene Of New York CITY
$4,000 4
Mrs Rockefeller left the residue OF
fer estate 20 eight institutions, with
rover 70 her executors TO exclude from
anticipation any beneficiary mentioned
by her
No Reason Given for Exclusion.
Under this power the executors eX-
GUIDED the Euclid Avenue Baptist
Church. Cleveland; Baptist Home OF
Northern Ohio, Cleveland; Baptist
Home Society Of New York and Spell
nan Seminary. Atlanta, Ga. No eX-
plsnation Of this action was given by
he executors.
The bulk Of Mrs. Rockefeller's estate
consisted Of stocks and bonds, valued
al 1885, 1872 None of the investments
we're in Standard Oil properties.
Some Of the other requests by Mrs.
Rockefeller were: Mrs. Alta Rockefel-
sr Prentice, daughter. 100000; ring
o. three colored diamonds, $3.50; watch
and chain. $500: coral set, 500, Mrs.
Edith Rockefeller Mccormick, daugh-
,sI. 100000, diamond watch chain,
$4,000; diamond earrings, $4,000.
Margaret Strong, granddaughter, $780,
900; clustered diamond brooch, $500;
solitaire diamond ring, $500; Mrs.
Abby A. Rockefeller, dsughter-in-law,
string Of pearls and black pearl pend
an, $4,000; Emma McAlpin, niece,
diamond and pearl earrings, $4,000;
Ethel Dodge, niece, pink pearl ring,
5000; Abby Rockefeller, granddaugh-
Ter. items Of jewelry valued at 1915.
The most valuable articles OF apparel
we're seal coat and muff. valued at
N5o. Fifteen suits, silks and satins.
Sere put down at $500. and ten trimmed
bats a. $50. A value Of sos was placed
On seven Belgian lace handkerchiefs.