Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-09
FRANK !. COULD WANTS
BROTHER GEORGE 0usTED
Alleges Ho NIismanagcd Fathers
Etatc, Causing 25 Million
Dollar Loss
'sIsTps ANNA SUPPORTS FRANK
LongList of Reasons to Prove Why
EtcutOr Should BE Removed.
r. bubble Started in 1912, Caused
W Great Northern Presidency.

Jsw YORK. May S.-High finance
WI giving hearing in, in the supreme
surtcd action TO have his brother.
gorge J. Gould. ousted as the princi-
ph, executor OF the estate Of their
Either. Jay Could who died on Dccem-
Ter :. 1897. leaving. according to va
ilous estimates. fortune of about $50
charges that his brother mismanagcd
( the estate in such way as to cause
Il loss OF S2J.00U.00
Frank Gould's motion for the dis
missal of his brother is brought in
connection with suit brought by the
executors and trustees of the estate
Ills charges of Acknowledgement and
financial dissipation were contained in
an affidavit filed in his behalf by Walter
u, walker. Of Leonard and Walker as
attorneys. the affidavit covering 273
typewriter pages and employing
strong language.
Amin supports Brother Frank.
,.o anna =, could: formerly the countess
duchess Of Tal!cyrand. supports Frank
Could in his application. while another
SISTER. Helen NJ. Could tMrs. Finley
Shepherd aligns herself with George
Gould, declaring in her affidavit that
when al the facts are known the ac-
rect.
George Could fled an affidavit in be-
half OF himself. denying all of the
requesting that the whole matter be
sent 70 referee for decision. Justice
i ria,zsk Issued an order on George
the proceedings until Monday
Whole Family Represented.
The whole Gould family of two gene
rations were represented in court today
afhdavits and counterafiidavits were
filed
Frank Gould's affidavit set forth
that his brother should be removed
"s the guiding director of the estate
monies because Of the wrongly acts
committed by him. Including breaches
~ solemn nduciarv duties, violation of
condolences. improper Investments.
secret commissions made by him at
tho expense OF the trust estate. com
mon undertakings and concerted ac-
tons between himself and his per-
sonal counsel 10 obtain 10 himself
through the active agency OF said
counsel private profits aggregatinE
upwards OF 100000. Of doubtful
d.bts OF his own transferred into debts
az the estate. OF monies % the estate
wrongly commlngled with his own for
long periods OF time. OF the issuance
% false and fraudulent statements pur-
porting to set forth the assets OF the
present estate and the actual destruc-
ton by FIRE by himself personally and
his son Kingdom Gould Of his own
personal records and books OF account
ia 1912 which would have shown the
uses made Of the funds OF the estate
70 his personal advantage"
Says S:J.OO,OO0 Was Lost.
The principal executor also is
charged with "a total disregard OF his
trust" and contravention of common
honesty" all these acts allegeily caus-
ing the estate the loss of $50 900 600
An affidavit OF one OF the Could grand
children calls attention TO tho sale
by the estate OF Western Union Tele-
graph Company securities. Through
this sale, IL Is alleged George Could
mad. q secret profit OF sS20.4oI.7l. re-
tanning the amount until after he had
been served with order for an en-
animation In the present proceedings
when he turned the amount over to
the estate without interest.
Trouble Started in 1912.
In the will OF Jay Could the testator
created a trust for the bcneit OF his
children. George J. Gould, Edwin
Could, Helen Could, Ana Gould. Howard
Gould and Frank J. Gould. All are
executors and trustees with the excep-
tlon Of Frank and the present Duchess
Of Tallcyrand. Each OF the executors
receives 10000 year.
George ]. Could, however, was elect
cd by his father as the supervisor OF
the estate and as "a special considera-
ton left him $50. 300 in cash and S.
100000 in securities.
The trouble between Frank and
George first became known in 1912
when the former ousted the latter
from the presidency OF the Intcrna-
tional and Great Northern Railroad
and Installed himself IN hic p1,ro