Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1915-06-23
AVERAGE STA ! I: !. !.
o. ENGLISH !. [ ! { ]. !. RICH 4 i
. !. BEATS AMERICAN | |: | J ! |
Shown by Scrutiny of Given 4. Num-
\ Der. Of Wills Taken Con rs ecu \.
...s. lively as Filed. 81

q hex
s lively as Filed.
SOME CURIOUS FACTS SEEN
Il One Comparison OF English and
American Estates Showed 100000
rs to $233, 900 Women Figure
Larae-Many Rich Prelates 4si
A is Ii Unusual Wills. & al II
$s London. "A study of the Wills Of
Englishmen and Americans has been
4 made by an official at Somerset house.
4 where Is located the principal registry
Il for Great Britain. This official, while
in New York last year, examined the
wills Of several hundred wealthy and
q prominent persons who had resided in
X that city, and thereby was enabled to
d get information OF value to the British
Il income tax Office. which has been both
cred by men who give away their for
tune before they die. thus avoiding the
inheritance tax. Eli .{is. III 4.
The provision in the American law
II 10 similar to that in the English law
IN such cases. Money or other prop
Il ertys given away 'in contemplation OF
n death" is subject to the tax. But this
Il Is difficult to prove, as was illustrated
/ In the attempt made in New York to
b collect such a tax on a 81 ,000, 900 gift
4 BY the late D. O.. Mills to his daugh.
ter. It was shown by the executors,
y by letter written by Mr.. Mills, that
1T was his usual Christmas gift. "
Il though 1t did not come out at the
hearing how many previous gifts Of
4 the kind had been made by him. i
The inheritance tax is very heavy
6 In Britain. In the case of the late
London banker. Charles J. Sofer.
!. Whitburn, who left $7,400,00O, the
I state collected, in duties. $1.1s5.000,
notwithstanding that the property
] went to the son and other blood heirs.
{ On some $legacies the death tax is Is
per cent. .,s5s
English Rich Men Richer. IL
s:S The first point OF interest developed
4 By the inquiry Is that the average
4 rich glishman is richer than the
& average rich American. This is shown
4 BY adding up the fortunes of any
u 100 consecutive British Wills and COM
pairing the total with that Of any 100
n consecutive American wills, excluding
I; from each list the men worth 81 10O.-
i 900 or over. The difference Is almost
100 per cent. In favor Of the English.
man. Thirty English fortunes on the
list totaled 100000 900, an average Of
Y $500, 900. while thirty New York for.
Il tunes totaled 100000, an average
OF $233, 900 each. The names on each
list were taken just as they came, one
after another. /, .s5 +. $' NJ
5t Sga Nor is Britain wanting in men Of
vast individual fortune. There was
n the case of Charles Morrison, ninety
4 one, formerly a haberdasher,9 who left
Il 50, 0O0, 900, In He was q comparatively
4 unknown Londoner.s Alfred Belt, the
4 South African diamond merchant, left
\ more than $40. 900 900; Sir E: r. Willis
3 left $13,00O,000; Cecil Rhodes, another
British South African, Il more than
y 800, 000, 000.. Sir Julius Wernher's ses-
! tate was appraised at over $25 ,000, 900.
h He, too, made his money In the South
\ African diamond fields, as did Henry
& Isaac Barnato, who left $12 .5060 900.
1 Sir J. H., Schroeder left over $4,000.
/, 900. N a55; 3s;s35 4 Il q; i- 81.
Average Of NobIemen. ..s.
"a The estate OF the late Lord Strath.
coma, high commissioner for Canada,
was sworn professionally at SIS, 000. 600.
The duke OF Sutherland left unset.
4 tied personal property, outside of his
Z landed estates, exceeding $1.100,000.
The duke Of Fife left over $4,000, 900.
Il The duke OF Westminster left more
|; than that in unentailed property. The
]: duke Of Argyll left more than 81 .00O,-
q 600. The duke OF Bedford and the duke
OF Portland own London properties in
q excess Of $40. 900 900 each. 3 s3 "a q
5 It is estimated that 100000 would
I be q fair average value Of an English
nobleman's estate. The duke Of Aber-
corn died possessed Of $1,000 900; Earl
4 Spencer $3,21O,000, Lord Lister $780,.
900, Viscount Gage $3.50, 900 In unset
tied property, Lord Furness, the steam
ship man, ST, O00. 900; Baron de Worms
$990,0O0, Lord Ashburnham's estate
/ was appraised at $1,250, 900. Lord Hert-
ford had $495,0o0, the earl Of Craw-
\ ford left $3.50, 0O0. Lord Randel 3d.
26O, 900, Lord Ashbourne $3.50, 700, Sir
Il Tatton Sykes $1.446. 900, Sir, Richard
\ Powell Cooper $3,00o.O00. earl OF An.
] caster $3.50, 900. .5 y .:s=ss .s ;
Some Unusual Wills.
Miss Henrietta Hertz left $435. 900
4 for art galleries and schools and for
research in the problems, theories
and history Of the philosophers OF
western and eastern civilizations In
ancient and modern times, and more
1 especially in the nonutilitarian theo-
I ries of the phenomena Of life in rela.
/ ton to eternity. 5.fi IA
a Spanish lady. living in Paris, with
property in Britain, said in her will:
AS to my sisters. nieces, nephew.
y brother-in-law and cousin, nothing;
nothing shall come to them from me
! but q bag Of sand to rub themselves
with; none deserves even a good-by.""
3s, Miss Amanda Cooper left $3.50 900
to King George. I'll , ss5s
Mrs. Charlotte Dudfeld, who left
\ ~~~~~~~~-~c~~~-c ~-c~~~~~>~~---S--
( JUST TO PLEASE HIS WIFE
~ 35s.9ts y 81 ---------- - m