New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-06
j. !. HILL ESTATE
OVER $100,000,000
Bank Stock Largest Single
Item in Empire Build
er's" Fortune.
fBy Telegraph 70 The Tribune. ]


st. Paul, Oct. 5.-The estate of James
j. Hill probably will exceed 100000.
000 The inventory was filed to-day in
the Probate Court.
So great is the number of securities
and in many cases unknown, that il
will be months before an accurate es-
innate of the estate will be possible
! Theodore A. Schulze, president OF
Foot, Schulze g. Co., shoe manufactur-
ers, and Major Thomas p Wilson. for
merly receiver of the Union Pacific
Railroad, were appointed receivers by
Probate Judge +. w. 3azille. L. W.
Hill is administrator of his fathers es-
tate.
The principal items named in the in
ventory. based on the market value of
, stocks and par value of bonds, aggre-
gate S53,000,000. Thousands of shares
of stocks, bonds and other holdings are
not considered in the $50, 100000.
The inventory does not include sew
eral parcels of real estate in the North
west or Mr.. Hills properties in other
states. Stocks and bonds are entered
at par and the market value will be
largely in excess of figures given. The
inheritance tax in Minnesota is esti-
mated at s1,500,0OO.
S24,00o,000 in Bank Stocks.
Mr.. Hill's largest holding of securi-
ties was bank stocks, which made up
s24.S12,O0 of his total wealth. The
next largest item was railroad stocks,
totalling s7,299,40O, while railroad
bonds came next, with a total Of
s7,164,00O. The fourth item in size
was cash, s4,44e,348, while notes made
I'D a sum of s2,444,25l, Real estate
subject to probate in st. Paul was esti'
mated at sl,500,000, and the Empire
Builder" also held sl,500,000 in Anglo
French bonds.
Among the larger blocks Of stocks
were Great Northern preferred, 5000
coo; Northern Pacific, 100000; Spo-
kane Inland Empire Railway, preferred.
;754,SOO, and Chicago, Burlington &
Quincy, s517,700.
In aid Of industries and public insti-
tutions in the Northwest, Mr.. Hill had
lent to manufacturers, mining compa-
nies and various schools, commercial
associations and clubs S2,253,0OO near
ly $l,000000 being in open accounts.
The art collection of Mr.. Hill was
valued at 100000, while the live
stock and implements on two large
farms were placed at $4,000.
Millions in Railroad Bonds.
Mr.. Hills railroad bond holdings
comprised Chicago, Burlington & Qun-
cy, t2,25O.OO0; Eastern Railway Of Min
nesota, S2,00O,000; Great Northern, ST.
225,OOO, and st. Paul, Minneapolis &
Manitoba, 1851, 900
Most Of Mr.. Hill's bank stocks were
in st. Paul institutions, but he had
considerable money invested in Chi
cago, New York and st. Louis banks.
The largest holdings were: First Ma
tional Bank, st. Paul, $2,2O5,o00;
Northwestern Securities Company, s2,-
4l4,000; Northwestern Trust Company,
St. Paul, s995,OOo; First National
Bank. New York, 100000; First Ma
tional Bank, Chicago, S15o,000; Chase
National Bank, New York, &l25,O00;
National Bank Of Commerce. New
York, 100000; Illinois Trust and
Savings Bank. Chicago. 100000;
Stock Yards National Bank. st. Paul.
$4,000; Third National Bank, St.
Louis, $4,000.
All these banks stocks are listed at
par. rs are other stocks and bonds.
but some of them are valued at sew
arI times their face SsIua,