Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-16

Frederick G. Fairbanks, Richard N. Fair
banks, Adelaide Fairbanks and Robert
Fairbanks, whose share of the estate has
been placed in trust.
Although It is not specifically stated
in the executors report, the indianapolis
News has been recently incorporated
with one-fourth interest belonging to
Delevan Smith, and the five heirs of the
Fairbanks estate, who each own one-hfth
interest Of the three-fOurths interest of
the late Mr.. Fairbanks in the News, ac-
cording to Judge Bash.
OTHER HOLDINGS
ALSO ARE SHOWN.
Tho report Of the executors. Frederick
c. Fairbanks, Richard II. Fairbanks and
Warren c. Fairbanks, shows that Mr.
Fairbanks, owned besides ee-fourths
interes TOT the indianapolis News, ap-
praised at S1.5O0,OO0 5000 shares Of stock
OF the Fairbanks Building Company at
Springfield, Ohio, appraised at SOB, $50,
and an open account Of George B. Lock
wood estimated at $1,000.
The report shows that the executors
sold 1901 shares Of the 1,012 shares of
the American Trust & Savings Bank for
500 100; that four notes in the Fair
banks Building Company were sold for
bangs Building Company were sold for
s103,T50.
sI.557. 6S5 UNsOLD
PROPERTY LISTED.
The executors list the unsoId property
Of the estate ut q total valuation of 81,
5O6. SS5. as follows:
United states Liberty Bonds, totaling
Se1 600; 10i0 shares of Chicago Rock
Island & Pacific stock, valued at So, 1906
200 shares Of common Chicago, Rock
Island q Pacific Railroad at S53, 4I5
household furniture anda library at SlO.-
coo; undivided three-fourths interest in
the indianapolis News, S1,500.0O0; open
account Of George B. Lockwood 5000 /;
eleven shares Of the American Trust and
Savings Bank stock, 81 100.
The report lists unsold personal prop
erty estimated at so. $50 as follows
United states Liberty bonds. 81 coo; We
tory loan bonds in 1919. s. co..: United
State Liberty bonds received on Feo. Is.
1890. as indianapolis News dividends and
taken in lieu of cash. S35, 100 and on Aug.
I, 1920, United States bonds Totalinz
In the summary, the report showed
that the executors received personal
property. unsold, totaling S1,T57, 635. and
that the cash balance in the first current
and supplemental reports tatsiS S99,-
500. with an additional $54 cash bal
ance in the Mississippi Valley Trust
Company.
The report shows tnat since June 10,
1919, the executors have received addi-
tioual cash as follows:
Dec. 3, 1019-Proceeds from sale Of
0l2 shares Of American Trust 4 Savings
Bank and 5000 shares in Fairbanks
Building Company, S4o0,36911; Dec. D.,
proceeds from collection of Fairbanks
Building Company notes, SO, 900; cash
dividends from the indianapolis News,
1893, i0l52 (no date given Sept. ?. 1919
June ;, 1920 as proceeds from sale Of
United States certificates of indebted
ness, purchased from dividends of In
dianapolls News, $50. $4,000; Sept. g.
1919, proceeds of demand note, money
borrowed Of Central Trust Company ny
estate to pay Federal estate taxes, $780,
600: dividends on stock of American
Trust and Savings Rank. $3624J0; divi-
bends on stock Of Chicago, Rock island
& Pacific Railroad, S10920, and others
which makes the total loss, 74S.oS.
The report gives the total charges as
follows:
Unsold property as appraised 81 .75I. 635 90
Total cash -....---.-.-.---.. l'Voo''fo''o