New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Heirs of FinanCier Save
$4,000 by Advance
Tax Payment
Held Mining Shares
Horseman Had 100000 in
Real Estate Holdings
Here

The transfer tax appraisal OF the
New York estate Of James b. Haggn,
mine owner. fnancier and horseman,
who died September -, 1914, filed IN
the Surrogates' Court yesterday, places
the gross value at S2o,61},76l. Realty
and personal property owned by Nr.
Haggin in other states will increase
this valuation materially.
In anticipation Of the S2o,0oo,ooo
valuation Of the New York estate, the
executors of the estate Of Mr.. Haggin
RENTED to the State Controller a year
ago $4,000 in payment Of the trans
fer tax. By this advance payment the
estate saved about $4,000. Tho net
estate amounts TO Sls.o41.43j. the diff
ference between the gross and net cstI-
mates being represented b. debts, eN-
ecutors' commissions and admiuistra-
ton expenses.
Mr.. TIagcn, always mining man
since his early California days, held
stocks valued at S15,64O,o74, mining
shares predominating. This also was
: the case with his bonds, valued at ST.
5l7,666. Mr.. Haggin's principal stock
holdings were 44,0j9 shares of Home
/ stake Mining Company, of California
S4.S46,490; $4,000 shares Of the Kern
County Land Company, of California
$780, 200, and $4,000 shares Of Cerro
de Pasco Investment Company. $780,
800. The largest bond holding was IN
the Cerro de Pasco Mining Company,
amounting to Ss45,00O.
Farm Worth $i76.339
The deceased was one Of the leading
thoroughbred breeders in the country.
His stud farm property at Lexington
Ky. known as Elmendorf Farm, IS in
cluded in the appraisal fled yesterday,
although not taxed in this state. II
places a value of S476,339 on the live
stock. while the farm. equipment and
utensils are valued at Sl39,304, with
personal chattels and house furniture
at $76,56l.
The Elmendorf Stock Farm, consist
ing of about 5000 acres of land. IS
valued at upwards of S2,000,000,' in
an affidavit filed in the transfer tax
Among the benefcaries under the
will Of Mr.. Haggln was has grandson
and namesake, James Ben All Hagg.h
artist. who married Miss Bonnie Glass
dancer. His share Of the estate
amounted to S1.714,039. Other ben
eticiaries were: Mrs. Margaret y. nag
gin. widow. s3.575.297; Louis r. Hao-
Loundsbury. daughter. $3.35O,29' ;
Louis Lee Haggin. grandson, $1,7l4,03@
and Mabel McAfee Preston, grand
daughter. S3.525.297. There were sew
cral smaller requests.
lfr. Haggin had debts amounting 10
S1.4OS. 232. Of which 1861 1924 was Sc
cured by promissory notes. The com
missions of executors amounted S5I2.-
qf7 and the administration expenses
totalled 100000. He held claim
against the estate of Jacob RuDino Tor
SI5466G9. which was put down as OF
no value. His cash on hand and bans
deposits amounted to S296,664
Owned Many Paintings.
Among the paintings owned by Mt
Haggin and their appraised value were
The Hon. Mrs. Ashley and Her
Children" by Lawrence, Sl5,OOO;
River Scene" by Turner $4,000;
Portrait of a Lady" By Rembrandt,
F. $1,000; Landscape" by Corot, S4,OoO;
Portrait Of a Gentleman" by Law
renee $4,000; "Triumphal Entry o.
William Won Taettingen, After the
Battle of the Golden Spurs by Alma
Tadema, $4,000, and THE Shepherd and
Flock by Jacque. $1,000.
Mr. Vaggin owned real estate in Ne"
York valued at nearly 100000. The
annraised value Of some of the proper
1850 we're East Sixty-fourth street
Ss55 600. 587 Fifth avenue. $4,000;
80 Fifth avenue. 100000, and 371-3lJ
~, J,,.,,. cGOO 600