Evening star., 1921-05-02
Of OYSTER
LESS THAN $4,000
Executor Estimates Value in
Petition-$17,634 Owed
in Income Tax.

The estate of George NJ. oyster. jr.,
the dairyman who died at Atlantic
City. y. j., Apri. "a. is valued at less
than 100000. according to the esti-
mate placed on the net value of his
estate by Edwin c. Brandenburg.
named as executor under his will Mr..
Brandenburg. through Attorneys To-
briner and Graham. today filed pc
tition for the probate of the Will and
two codicils. the second of which was
executed on his death bed. and pro-
vided a bequest to his wodow. Ceciie
Ready oyster, twenty-siX years old.
of $25, ,000 in lieu of all claims against
the estate.
The household effects-painting
silver and linen-of the testator are
valued by the executor at $4,000. In
addition to this Mr.. oyster owned 55
per cent of the partnership assets of
the Chestnut Farm Dairy. the other
45 per cent being owned by Henry y.
Brawner. jr., according to a partner
ship agreement referred to in petit
ton of the executor. Mr.. Branden-
burg places a net valuation on this
interest Of $12S.600. over and above
the debts Of the partnership. To off,
set these assets of the estate the
executor tells the court that Mr.
Oyster left personal debts. including
the expenses of his last illness and
funeral. totaling $43,629.39. He also
$lI.634.31 for the balance of income
tax for 1920 and additional assess
ments on the three preceding years
This makes a total indebtedness of
$Sl.263.'6. according to the petition
which deducted from the valuation or
$1is,o00 leaves balance of s86,336.2t
Valuation Up to Court.
fhe valuation placed by the ex-
ecutor on the interest of Mr.. Oyster
In The partnership is dependent. he
tells the court, on whether. the court
will hold that the buildings on Con-
necticut avenue occupied by the firm
and erected on ground leased for a
term Of years. which expires in 1924.
constitute an asset of the estate The
cost of these improvements is car
r1ed on the books at $6j,SS7ll and
Is placed at that figure in the COM
putation by which Mr.. Brandenburg
reaches the net value of the partner
ship interest. Also included in this
valuation is the farm and other real
estate used in the business. which Is
carried on the books at value or
$l25.s5s.s2. on which are incum-
Frances amounting to $26,4O0.
Besides the widow Mr. Oyster is
survived by two brothers and two
sisters. James F.. and d. William
CyStei, MFs Anna J. SChulteiS and
MRS. Marian L. rutherford. ri ese
are named in the executors petition
az the only heirs and next of kin of
the deceased
SIX Months to RenOunce Beuuest,
should the widow be unwilling TO
accept the bequest OF $4,000 provid-
ed Tor her in the codicl made four
Gays before the death of Mr.. Oyster.
Mr. Brandenburg stated that she NAV
within six months renounce the be-
quest and elect to take her legal dow
er. which consists of one-haIf the
personal property and a life interest
IN one-third of the income from the
real estate. Should she seek to have
her DOVER right in the real estate as
signed instead of taking her share
OF the monthly rental. the code pro-
! woes that she would be er.I to
one-sixth of the net price receiyed
at d court sale of the property. As
the real estate is so Intimately con-
nected with the business of the dairy,
II Is suggested. some intricate ques-
tions may arise as TO the value of the
widows dover in the estate