New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-09
Left
Only Sl6,769,3l4,
Appraisal Shows
Lusitania Victim Was
Thought To Be Worth
Over $3O,OOO,OO0

The estimate of s5O,OOO,OOO placed
on the estate of Alfred G. Vanderbilt
when his will was filed is shown 70
have been much too high by the trans
fer tax appraisal Of the Lusitania vic
TINS estate. filed in the Surrogates'
Court yesterday, which places it at
Sl6, 1884 The net estate amounts to
S12,748,436, the largest deduction being
$4,000. 900, which went 10 Mrs. Mar
garet Emerson Vanderbilt, the widow,
under an ante-nuptial agreement.
Mrs. Vanderbilt was Mrs. Smith Hol-
Inns McKim. In consideration of the
settlement, she relinquished all inter
est in the estate of Mr. Vanderbilt,
who. however, left her the life interest
in a 100000 trust fund. with the
power of disposition, 100000 out
right and much Of his property in this
country and England.
The estate as appraised includes a
trust fund Of S4,6l2,OS6 from the es-
tate Of his father. Cornelius Vanderbilt.
First Wife Not Mentioned
The largest benehciaries under the
will. besides Mrs. Vanderbilt, we're her
two sons, Alfred e. and George Van
derbilt, who received more than Will
lam H. Vanderbilt, a son by Mrs. Elsie
French Vanderbilt, the first wife. She
was not mentioned in his Will.
The widow received Sycamore Lodge,
comprising about l,526 acres, valued at
5000. 900; contents of house, Sl6,ll1,
and Camp Kill Kare. tract of about
1000 acres on Moose River, valued at
$4,000.
The real and personal property II
Mr.. Vanderbilt in England which went
to Mrs. Vanderbilt is now included IN
the appraisal. william II. Vanderbilt,
the son of the testator's first Iaarriage.
received the power Of appointment over
the S4,6l2,086 trust created by Cor
nelius Vanderbilt, the boys grand
father, temporary life estate in S4OO,-
600 for the maintenance OF Oakland
Farm.
Alfred G. and George Vanderbilt, the
sons of the second marriage, each re-
ceives the income from S2,553,2Ci until
twenty-one years old with a part of the
principal to be paid each five years
until he is thirty-fve years ola, when
he is to receive the balance Of the
principal and the accumulations.
George, the younger son, receives an
extra 100000. Several requests were
made to relatives. friends and servants.
Had sI2,I72,6S4 in Securities
Mr.. vanderbilt's principal assets were
stocks and bonds, Sl2,l72,684, and real
estate, s3,9l5,l60, the Hotel Vanderbilt
being appraised at 100000. The fur
nfshings in the Vanderbilt apartment
in the hotel were placed at Sl3,3li.
Mr. Vanderbilt had a bank account OF
only $4,000. but he borrowed extern
sively. Among his debts on notes
were: Guaranty Trust Company, $780,
600; Harry Payne Whitney, 100000;
Davies. Thomas g. Co, 1910, 900; Union
Trust Company, s350.o00, and Lincoln
National Bank, 100000. He had
numerous other debts for services and
merchandise, including one debt Of
s105,l23 on his Sycamore Lodge prop
erty.
Among the larger security holdings
and their value at the time Of Mr.. Van
derbilt's death we're: Pittsburgh 6
Lake Erie Railroad, s4,9l9, POO; Pull
man Company, Sl,545,300; New York
Central Railroad, ss60,000; Lincoln
Safe Deposit Company, $4,000; Mich
igan Central Railroad tbond5), s5l2,-
2l4; Michigan Central stock, $4,000:
Chemical National Bank, S40i, 900, and
National City Bank, s26e,00o.