White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1922-11-26
IMMENSE FORTUNE IS
LEFT BY COPPER KING

Some idea of the fortunes made
through the copper mining industry,
in which this district has played an
important part, is disclosed in the
will of Isaac ~Guggenheim, eldest OF
the seven sons of the late Meyer
Guggenheim, which was admitted TO
probate October 80 by Surrogate
Howell of Mineola. Nassau county,
n. Y. Mr.. Guggenehim died sudden
ly in Southampton, England. October
10 last. In speaking of the will the
New York Herald says:
The document reveals only a snail
part of an estate, which may amount
to $4,000, 600. All but about So
600, 900 of this is left in trust as the
residuary estate, of which Mrs. Car
RE ~Guggenheim. the widow, and her
three daughters, Mrs. Beulah V.
S~piegelberg of the Hotel Gotham,
Mrs. Edyth Josephthal of the Plaza
hotel and Mrs. Helen G. Glorney of
London, are the principal benefiei-
aries.
The size of the estate seems as yet
unknown. The petition filed with
the will contained a formal state
ment that the estate comprised more
than $1,000. 600 in personal property
and $500, 900 in real estate. One of
the persons mentioned in the will
was asked for an estimate. He said:
I'VE really don't know how large
the estate is. 1t may be 25.000,o0
or possibly $40, 100000"
Most of this-however large as it
may be-is left in trust. With the
exceptio nof requests to two friends,
amounting to $4,000, the estate will
be distributed among members of Mr..
Guggenheim's family.
A collection of about twenty
paintings which first will go to Mrs.
G%uggenheim may hang in the Metro
politan Museum of Art, if officials of
the museum edsire to accept them
as a gift from Mr.. Guggenheim.
In January. 1920, Mr.. Guggen-
helm create da trust fund for the ben
eft of his wife. providing that she Is
to receive a net annual income OF
$3.50. 600. Whatever deficiency arises
in the income from this fund is TO
be made up out of income from the
residuaTy estate. Mrs. Guggenhtim
receives furniture. household effects.
wearing apparel, linens, china, glass
ware, silyerware. works of art. horses
and the proceeds of all Insurance pol
icies when were i nher husbands
name. Mr.. G~uggenheim also made
an absolute bequest TO her II the
property at 143 East Fifty-ffth
street and the life use of villa Co
rola, the country estate at Sands
Point, North Hampstead. l.. l.
Surplus income remaining after
Mrs. Guggenheim's share is paid will
go in equal shares to Mrs. Spiegel-
berg. Mrs. Josephthal and Mrs. Clor-
ney.
Four grandchildren are mentioned
with specific legacies, Isaac Guggen-
helm I'd, is year old son of Mr.. and
Mrs. William l. Spiegelberg. who
adopted his grandfather's name about
ten years ago. will get Mr.. Guggen-
helms jewelry and the income from
Bolivian tin stock. Until he is 81
this will be at the rate of So 900 a
year, until 25 it will be 1912. 900,
then $4,000 a year until he is 30
and $4,000 a year until he attains
80. Then he is to get the principal
of the trust.
Three granddaughter. the Misses
Audrey Barbara J%osephthal. Gilmore
Clare Josephthal and Carol l.. Glor-
ney. will receive the income from
three trust funds, each of s100,0 600.
They will get the principal when 30
years old.
The first bequest in the will Is
$4,000 to Osmond Loew, son of Mr..
Guggenheim's sister-in-law, Sophie
Loew. There is a similar beqnest to
Mrs. Viola Myers, the daughter of
Mrs. Loew. These are the only spe-
cifc cash requests. but there are the
following gifts in trust: Ten thous-
and dollars to Morton Sonneborn.
brother-in-law; $1,000 to Mrs. Esther
SLIDER Of 1876 West Seventy-seventh
street. and $40. 900 to Mrs. Sallie SEES
sci of 80 West Ninety-ffth street.
Both of these are said to be friends
of the family.
MGILL AND ELY PLAY FOOTBALL