The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-05
HETTY GREEN'S
RULES Of LIVING.
Didn't Write Letters, Ad-
vised Slow Eating and
No Ice Water
NO SPECULATION
IN SECURITIES
Matter of Taxing Small Portion Of
Her Estate Found to Be Subject to
New York Laws-Only $2,247 81.


NEW YORK Sept. 5.-The late Mrs,
Hetty H. r. Green never bought securi
ties for speculation and never lent mon
ey ON call in Wall street or anywhere
else, according to the testimony of her
son, Col. Edward II. r. Green, filed yes
terday in the transfer tax report of the
appraisal of the small part of Mrs.
Green's estate subject to tax in this
state Appraiser George Brokaw Comp
ton finds that the only property subject
to tax, as a result of the decision of the
courts that Mrs. Green was a resident. Of
Vermont, aggregated $2,247,51l OF this
sum Sl,s75,967 was the value of invest
ments in mortgages on New York real
estate and stocks of New York corpora
lions and 1871 ,6o3 is the appraised value
of property disposed of under Mrs.
Green's will which came from her father,
Edward Mott Robinson
Mrs Green's will gave all the prop
crty passing under her fathers viii to
her son. Edward Fl r. Green, consisting
of Il Broad Street. $205 900; mortgage
on the National Democratic Club and in
terest. $l27 .22S, and mortgage of the
Far Rockaway Securities Company and
interest, S30:}75 She gave S930,4S3, or
half her rcsiduarv New York estate, to
her son, and the other half to her daugh-
ter. Mrs. Sylvia Green Wilks, TO be held
in trust for 10 years and then given to
her daughter outright.
The report also reveals testimony by
Colonel Green that the only letters he
ever received from his mother concern
/ ing business matters were an 20. X
written on letters he had sent her, with
the following suggestions: Eat slow
don't drink ice water; keep out of a
draught; and don't stay up all night
/ John b. Gleason, of counsel for State
Controller Travis, summoned Colonel
t,reen to testify on Aug ; last thereby
interrupting Colonel Green's honeymoon
for the purpose Of attempting to show
that holding companies formed to facih
tate Mrs. Green's business matters hole
q large amount Of property which would
be taxable in New York if the property
were held by Mrs Green directly. Thes,
companies were the Westminster com
, pany, New Jersey corporation capital
lied at $4,000, and formed in 1911 an'
the Windham Realization company
$4,000 capital, organized in 1912
Colonel Green's testimony he said;
; My mothers business consisted of in
vesting and reinvesting her principal an
income and the care and conservation c
/ her investments. For the most part sh
i invested in bonds secured bv mortgage
nd pt hnr mt haa nd II ii
paying securities. She never speculate
i or bought to sell She exercised extrem
care in making her investments, an
what she bought She ordinarily retaine
{ Her surplus income sometimes a
; cumulatcd faster than investments to h,
liking were found At such times banl
\ in which her money was deposited Won
transfer to her loans on collateral mat
in the bank name, but such loans we
always time loans and held by her as
investment She never loaned money
call or in the street She did not de
: with the public or hold herself out
:. the public as having money to lend"
Colonel Green testified that after Il
e formation OF the Westminster compar
L loans on collateral held by her we
n turned over to the corporations and
the time Of her death she had no. s,t,
loans. The Windham company w:
formed to take over and foreclose NOR
cages belonging to her, and at the tin
= of her death the assets of the compal
Il were S749,947 and the liabilities 1887 90
The excess of the liabilities, showing OF
of the few instances in which Mrs Gre,
ever lost money, was due to the depr
citation iii the value OF real estate a
=, quired by foreclosure.
N Colonel Green testified that his moth
= held four bank accounts at the time
her death, but on objections by his cou
sci he was not required to state t
gs amounts or the banks in which the a
M counts were kept. He was also reliev