The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-24
CARNEGIE ESTATE
is S2S,247,161 NET
Appraisal Just Completed
Shows That the Gross Value
Is S26,293,024.

Special Despatch 70 THE NEW YORK HEnMp.
PIrrsBuRG, Oct 23.-The appraisal of
the estate of Andrew Carnegie. Just
completed. shows a net value OF Vs.
247, 16l, the gross value being S26.293.-
024. The net estate amounts TO even less
than estimates OF the fortune made fol-
owing his death. The many large bene-
factions made during Mr.. Carnegie's
lifetime reduced his fortune 70 what is
regarded as comparatively small
igure.
Among the interesting valuations re-
vealed in the report is that of Sl,2OO93S
FOR his real estate holdings III New
York city. The Carnegie residence, at
Fifth avenue and Ninetieth street. is
valued at s977,S33 the houses al l57 and
l59 West Fifty-sixth street at 10000
and those at SO and IS East Ninetieth
street at $C6,S00. Other smaller holdings
complete the figure.
While the appraisal may undergo
some slight changes, it Is not probable
that the totals will vary to any great
degree. The appraisal has been made
for the Home Trust Company OF Ho-
boken. an execotor and trustee under
the will
1t is estimated that the total value of
Mrs. Carnegie's share OF the estate Is
S11,33S,S47, and this sum includes the
New York realty, an interest In the
S4,643,750 trust fund established in 1911
with the provision that upon Mrs. Car
negie's death it shall go to the daugh-
ter, Mrs Margaret Carnegie Miller, wife
Of Roswell Miller. The schedule proves
that the trust fund is made UP of
S2,500,000 worth Of United States Steel
stock and the remainder In Pennsyl-
vania Railroad stock. The Hoboken
Trust Company is trustee Of the fund.
Listed among the debts that total
s. e42,7 ECO are those owed to many who
had deposited money with Mr.. Car
negie, or to whom he had promised
to give money. Many OF them are
members of the Carnegie family. There
Is also an item of s1O6,S2S for third
instalment on the Federal income tax
for the first part OF 1919.
Ther6 are listed, too, the different
items composing the expense of the
funeral. These make UP total Of
1924. a sum considerably more modest
than expended for the funerals of most
men of great wealth. The charge Tor
flowers was only s91, and the pay OF
the Waterman at Tarrytown, 1914. was
next largest to that paid the under
aker.
The stocks and bonds held by Mr..
Carnegie at his death are listed as be-
.ng worth s17.4S0,S39. The largest bond
holding aside from those in steel is ST.
3S5.5S5 worth of the II. G. F'rick Coke
Company The holdings In Liberty
bonds amount to sS9,724 of the hrst
ssue and -$2s.S56 OF the fourth He had
Victory Loan, certificates totalling So
9S2. The nineteen stock holdings listed
4. J.,la nj Steel.
nd the largest of them all are s909,4ss
II common and s545,500 of preferred
stock OF the Pittsburg, Bessemer and
Lake Erie Railroad.
The appraisal of the personal property
IN the residence at Fifth avenue and
Ninetieth street had a total value OF
s9O,545. One of the interesting dis
closures is that, although Mr.. Carnegie
rave many millions Of dollars for libra
ries. the books In his own library In his
town house were appraised at only
1886, while he had books at Skibo val
ued at s29,126.
The articles in the city residence are
grouped as follows: Paintings. s4S.4S2 !:
rugs, furniture, bric-a-brac, S21,9S4
sijverware. trophies. medals. $500; jew
elry. s2.905. and wardrobe. sl.417.
InfSkibo Castle the furniture and per-
sonal effects have been valued at Sl26.-
9s5; In the Inveran Hotel. Dornich.
Scotland, at S2.l67, and in the Auchin-
dutch House, Scotland, ut S1,411. The
farm equipment. animals. &c. ar" valued
ut s41.461, and Mr.. Carnegie's yacht.
Seabreeze, at S1.S9S. The total value of
the personal effects is s293,5s6.
At the time the will was filed IL was
estimated that the bequest going to the
Carnegie Corporation. as residuary
legatee would amount to about 800
10000. but the provisions or the New
York law were not considered when
that estimate was made. The schedules
show that the share of the Carnegie
Corporation will be only sl06s3. $50 sub
ject to whatever changes are made in
the valuation OF the assets in the trans
fer tax proceeding.