The Birmingham age-herald., 1920-06-19

, llulltGI dS lil6 tDlSOlS. WHICH of itself cost Blaine the election.
 THE TRICK ESTATE
 If it be true, as reported from Pitts
 burg, that the inventory of the estate of
 Henry Clay Prick, exclusive of real es- tate. is appraised at $77,326,Oo9, then it
 must be fact that the inventory was made upon present day market value of the great stocks and other securities or which Mir Prick died possessed. Hau
 bis estate been inventoried several years ago it undoubtedly would have been
 found to approximate s100,OO00O0. Precisely
 this experience was met with in the pro- batting of the estate of c. r. Huntington, and in fact two or three others. Mir. Huntington estate was appraised at a
 time when the depreciation of the market
 value of the stocks and other securities
 was heavy Therefore, the estate inven-
 toried at little under 30,o00-000, whereas MT. Huntington was presumed to have accumulated as much as $40 00), ,000. X year or two later the great appreciation in the value of securities of all kinds be- gan so that at last it was discovered that the estimate of $i0,oo0oO0 as the wealth of MT Huntington was not far out of the way The appreciation in the
 value of the securities he accumulated in- creased the apparent value of the estate
 bv seven or eight million dollars It was also reported that at sthe time of the 6eath of William C. Whitney some of the
 securities of which he died possessed were
 quoted in the market al figures far below their real value. After time there came
 appreciation which brousht the value or
 the estate up to the estimate or the wealth of Mir. Whitney.
 It is presumed that when appreciation
 of the market value of securities has
 reached high-water mark it will be found that the estate of MT. Prick, exclusive of his real estate, which is worth many millions, will be in excess of $loo'oVoooo-
 A BUSY DAY
 In this mid-weel of June the men who handle the great hnanciai trahsactioHs have had but little time to comment upon inc presidential politics now in progress. There may have been other days when tbe banking forces from President down have been more greatly occupied or nan He'd in the aggregate larger amounts fhan was the case of June lo or thls year. This was true in all the larger financial centers, for in the first place at least
 s75o ooOOoO was paid on June lo 10 the federal tax gatherer In the New York district alone something like Sl0oOo0,o0O in income and excess proht tax hstali- ments were paid. Then there were sup sorjptions to the new series or certiilcales of indebtedness amounting to s4ooVW,G0h At least $200, 00,o00 of these certllcates subscribed TOT III 4NSW ioitN '''' inc other s2oo. .OO0oO0 in other parts of the country Furthermore, the government paid upon that day $so,0Oo.Ooo interest on Tlherty Bonds due to citizens of this red eral reserve district.
 All this involved an enormous anloun' of bookkeeping, as well as the dlsoufse- ment and the banking of mlilons III chacks of great amounts of cash Never theless it was all completed without an arnarent disturbance, and as easily as an ordinary discount of a note is completed I,s tact the government will get very little cash out of the transaction because the taxes and the subscriptions to the s4oD GOO eco of certificates of indebtedness vii, if Is figured in the aggregate, Just about balance the interest payments ana payments by the government which mus ill''' te made for certificates of indebtedness mbicb will come due by July 1o The whole machinery. however, moved wlth accuracy and apparent ease, aithoush It involved a great deal of labor, much 1 of which is performed by the clerical forces of the banks.