New-York tribune., 1919-05-15
Perfectly Proper for Bro.
ker to Charge Commission
on Sale of Stocks, Lawyer
Says, Defending George J.
Estate Near $75,OOO,OOO
100000 Shrinkage Not
Serious, He Declares, i'm
Passing Through 2 Wars

This case does not rise to the dig
nifty of crime"
This was one of the statements of
John D. Stanchfield yesterday when
he spoke in the Supreme Court in an
swer to the charges made against
George j. Gould by his brother, Frank
j., who seeks the elder brothers re-
moval as trustee of their fathers
estate
Mr. Stanchfeld appears for some Of
the remaindermen, grandchildren of
Jay Gould, whose estate is the cause
of the present family quarrel. The
attorney directed all his arguments to
defence of George J. Gould. He told
Justice Whitaker that he waived none
OF his rights on the motion previously
made, but that the proceeding of Frank
.. Gould was not properly before the
court and should be brought in another
form, and that many of tn allegations
should be expunged as "scandalous and
impertinent."
Rosecrantz Attacks George ].
Mr.. Stanchfield followed Clarke M
Rosecrantz, appearing for William
Nelson Cromwell, guardian ad litem
Tor the children of the Duchesse de
Iaileyrand, who was Miss Anna Gould
allied with her brother Frank in this
proceeding. Mr.. Rosecrantz. like the
osner attorneys of the opposition to
1eorge j. Gould, attacked his conduct
as trustee and the investments he
made.
Mr.. stanchfeld said that if an indict-
ment could be framed on all the
sn"fgeS ol cTiminality made in the
Justice Samuel Seabury, counsel fo1
FRANK Gould, could retake his place on
,he pench and pass on such indictment
re would dismiss. 1t was wrong. said
41r. Stanchfield, that George Gould
snould be pilloried in court as he ha .
The greatest hostility is deve]oned
an this litigation" he added, 'and M
euarreis that come into court arc az
onsous se,a.n. as disputes between repre.
Failure and Disaster
frank Gould, said Mr.. stancbso1a
never paid much attention to the 90
taiiS OF the estate, and what ho d..
concern himself with resulted in fail
ure and disaster. This brother Won,
20 70, fafis IN 1912, where che prcfers
lie ne Of pleasure" according 70 NJ
Stanchfeld ~ WI
ne referred TO the Duchesse de Tai
isyrand ny her name under her frs,
h@.t'asei hro,hs LINKING her with he,
a~"sofse rom the trusteeship, he said
sonhtess boni dc Castcllane, not I'm.
~.no"n ~ 10 international fame--thoee
two nave attacked George cnnld
VINO mas STOOD the brunt OF tha
Aam3histratjon OF the estate r.,
$4,000 year, while Frank. ard M
countess live on the income
Nr. Stanchfeld concerned h;,oan,t
cnisny with three questions involved
ln the acrimonious family row. Onc -.
theSe was the question OF tho aix sen.
arate trusts which Jay Gould is aid
10 nave created In his viii for his sis
cniidrcn, another the allegation Of i'm.
propriety on the part Of George Gould
in taking Stock Exchange comnfissinr
on the sale Of the estates holdings a
Western Union Telegraph stock and
third, the destruction OF certain book,
BY George Gould.
"This estate" Mr. 5taDchfieid argued
Fat the time Of Jay Gould's death wae
valued at $4,000, 600. and to-day IL II
xorth between $73,ooo.ot0 and s75,,