The New York herald., 1922-03-16
GEORGE GOULD SUES
HIS KIN FOR $644,9O4
Brothers and Mrs. Shepard
Must Show Cause Why His
Income Is Not Paid.
SHARE LONG WITHHELD
Money From Fathers Estate
Has Been Invested in
Liberty Bonds.

The disagreement which has existed
for the last three years between George
J. Gould and his brothers and sisters
over the management of the estate Of
their father. Jay Gould. took a new
turn In court yesterday when George
Gould obtained from Surrogate Foley
an order requiring his brothers, Edwin
and Howard and his sister. Mrs. Fin
ley j. Shepard. to show cause why they
should not pay to him s644, ,904.29 which
they hold as trustees and which he de-
ciares belongs to him as unpaid income
from his share of his fathers property.
His petition states that his brothers
and sister have the money invested in
Liberty bonds and have refused to pay
II to him. although they do not deny
that 1t represents earnings of the one
sixth share of his fathers estate al
lotted to him in Jay Gould's will.
lie has received nothing from the es-
tate, he says. since December. 1920
When the order issued yesterday has
been served on Edwin and Howard
Gould and Mrs. Shepard Surrogate
Foley will set date on which they may
give their reasons why they should not
pay their brother the money he wants.
share which have accumulated in the
hands of his brothers and sister since
1920. He was ousted as one of the ex-
ecutors of his fathers estate in 1919
after long court proceeding brought
by the other Gould heirs, who charged
him with mismanag cement.
In asking for his removal they alleged
that he used funds Of the estate in busi-
ness and speculative ventures on his
own account and had made a profit
out of his trusteeship and had so han
died the estate that it was worth $25,-
100000 less than the $4,000, 900 which
was supposed to be it's value when Jay
Gould died. The proceeding ran through
number of hearings and was appealed
twice after 1t was decided against
George Gould Twenty-four lawyers rep
resented the individuals of the family.
After his removal his brothers and
sister took charge and paid him his in
come until November. 1920.
While the proceeding was on 1t was
alleged that a lawyer who had been
acting for George Gould split a COM
mission with him after the sale of some
estate securities upon which no COM
mission should have been paid. Thomas
L. Chadbourne was George Gould's
counsel at the time, but 1t was never
charged that he knew of the sale.
Two weeks ago complaint was made
to the Bar Association that Chadbourne
had failed, as George Gould's counsel,
to inform him on one occasion that
sale of securities which he was about to
make was improper under the terms of
his trusteeship.
Mr.. Chadbourne has stated that the
charge against him is without founda-
tion and that he can prove the pro-
priety of his conduct when the time
comes for him TO be heard. His name
was attached to George Goulds peti-
tion as attorney when yesterdays ap-
plcation was made, but the firm of
Stetson. Jennings & Russell repre-
sented him as counsel.
None of the lawyers who represented
Edwin and Howard Gould and Mrs.
Shepard in 1919 would say yesterday
why George has not received all the
income which may be due him. 1t was
stated, however that he will be required
to show that he does not owe the estate
anything before he can be paid anything
II may owe him.