Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1917-09-07
HETTY GREEN'S LIVING RULES.
Didn't Write Letters, Advised Slow Eat
ing and No Ice Water-No Specula-
ton in Securities.

The late Mrs. Hettv II. r. Green
never bought securities for speculation
and never lent any money on Wall
street or anywhere else, according
to the testimony of her son. Col.
Edward II. II. Green, filed Tuesday
in the transfer tax report of the
appraisal of the small part of Mrs.
Green's estate subject to tax i'll this
state. Appraiser George Brokaw Comp
ton finds that the only property subject
to tax, as Il result of the decision of the
courts that Mrs. Green was resident OF
Vermont, aggregated $2,247,57l. OF this
sum 81 ,S75, 967 was the value of invest
mcnts in mortgages on New York real
estate and stocks of New York corpora
tions and '$37 1903 is the appraised value
of propertF disposed Of under Mrs
Green's will which came from her father
Edward Mott Robinson.
Mrs. Green's will gave all the prop
erty passing under her fathers will to
her son. Edward IL. X. Green, consisting
of "a Broad Street, 100000; mortgage
on the National Democratic Club and in
terest, Sl2722S, and mortgage of the
| Far Rockaway Securities Company and
interest, $39,37j. She gave S930,4S3, ol
half her residuarv 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 them given ia
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 h
written on letters he had sent her, with
the following suggestions; Lat 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
Green to testify ON Aug last, thereby
interrupting Colonel Green's honeymoon
for the purpose of attempting to show
that holding companies formed to facli
tate Mrs. Green's business matters hold
a 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, a New Jersey corporation capital
lied at Sl25,000, and formed in 1911, and
the Windham Realization company
$4,000 capital organized in 1912. IN
Colonel Greens testimony he said
MY mothers business consisted of in
Ivesting and reinvesting her principal and
income and the care and conservation OF
her investments. For the most part she
invested in bonds secured by mortgages
and other interest bearing and dividend
paying securities. She never speculated
or bought to sell She exercised extreme
care in making her investments, and
what she bought she ordinarily retained
Her surplus income sometimes ac-
cumulated faster than investments to hel
liking were found AT such times banks
in which her money was deposited would
transfer to her loans on collateral made
in the banks name, but such loans were
always time loans and held by her AZ al
Investment She never loaned money on
call or in the street, She did not dea
with the public or hold herself out tc
the public as having money to lend"
Colonel Green testified that after tn,