New-York tribune., 1916-07-29
Appraiser Files Final
Report After Three
Years Work.
BANKING FIRM
BIGGEST ASSET
Debts and Administration
Costs Leave 500, ,499, 1882
for Heirs.

J. Pierpont Morgan's estate, ap-
praised yesterday, amounts to s's'-
149.O24. Estimates had ranged from
$50 900 900 to s15O,0O0,O00. of This
amount, 53,6s4,91s goes to his son.
J. p. Morgan. The figures were filedv
in the Surrogates' Office by John j.
LYON. State Transfer Tax Appraiser
who spent three years in reaching MS
result. Mr. Morgan died in Rome
March 81, 1918.
His interest in the firm that bears
his name was appraised at s29,s75,SH'
with nearly s2,5OO,OOO more added for
the London firm. His art collection
amounted to s3,637 900, and his books
manuscripts and prints to s4,Oso,ooo'
His net estate will amount to sos'-
49a, 1892.
The estimate filed yesterday includes
onIv the value OF Mr.. Morgan's New
York property, but whatever other
nroperty exists is believed TO De 80
small that it is comparatively negi-
pible. Deducting s9,764.343 for deots,
ernenses of administrators. executors
commissions and other charges, the net
value of the estate which passed to tho
heirs is sss ,4s9, 1872.
, Fair Value" for Good Will.
Mr.. Morgan's interest in ]. P. Nor
l. a
gan & Co. and Drexel & Co., the fniia-
delphia branch of the New YORK nrih'
is appraised at s29,S75,S47. his inter
est in ]. S. Morgan & Co., Of LONDON
was s2,417,491. The good WILL whlcn
the financier passed to other members
of the Wall Street house, is not esti-
mated separately, but IS included IN
his entire enterest in the hrm at a
fair market value" according 70 mr'
Lyons.
praised at S3,637, 900, and ms DOCKS
manuscripts and prints at S4,Vso, 900.
vere 2s2 shares in the Equitable Life
Assurance Society, valued at S1,l2s,-
GOO and 1904 shares of the New lorK'
New Haven g. Hartford Railroad COM
pany. valued at sS7S,9O6.
Lett So,boJ III Ntkn'''
Cioars which Mr.. Morgan kept stored
With Stearn & Co., at 35 Wall Street,
only a few doors from his ONCE, were
valued at s8,639. No.,
The appraisal shows that Mr.: Morgan
was a very small holder OF uni.eo
States Steel Corporation securitles. Ino
great corporation was his own promo
| tion. but at his death he had only one
| share of the preferred stock, Vaiueu o.
the time at S107.50, and 50O snares Oh
common, valued at s3O,43f he nau
s6.O45 in bonds of the corporation
Mr.. Morgan was indebted 70 ms 80 ~
York firm, under Account NO. -, &c
The amounts Of s1,497,772 and sZ,l6Z,-
| 201. cu
For a man of his estate and wiae
interests in the world OF hnance, the
nersonal stock and bond hoidlhgs Ui
Mr.. Morgan were comparatively srhal,
amounting TO s18,933,s5l. MS Ne"
York real estate was appraised al S%'
| 97O GAG. He had mortgages vaiueu AZ
slsl.725 and loans outstanding Whiei,
were not secured by mortgage 'aiued
at s556,973 -. .;,,;,cs
an eYbibition at the Metropolitan
Museum of Art were appraised by Ko-
Ina F. Knoedler. one Of the special
iv iv"r engaged appraisers for the works 90 Of
-. Ieft nv tie decedent at S3,63I,OOV
IT, most valuable of these was can
vas bv Raphael of the Virgin ana
Child. which was appraised at s3Oo.oo'.
Mr. Morgan had many paintings
ahroad while some others he had m
b;s Madison Avenue home. Many other
nhiects ,ti Of art have been sold. Among
Vo.eI ~. Iatt.r were an oil paintings Of him
s sud one Of his daughter, Miss Anna
Morgan, MOI by, z. x. Madrazo, ali: also sUan val,
ned at $1,000. A Corot was put down
q" Thomas E. Kirby appraised th'
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