The New York herald., 1922-06-07
Gen. Porter
Left an Estate
of $2,6L9,O4'7
Mrs. Mendc, Residuary Lega-
tee, VIII Receive More
Than 81, 100000.

Gen. Horace Porter. who, died May
20. 1921. left a gross e=.s;S OF S2'fb'-
$40. according to an appraisal nIed
yesterday by the New York State Tax.
Commission The net estat te amounts
to $2.619,047. of which more, than $<-
900, 900 is in securities. nhe} apprsiisal
discloses that Gen. Porter held slIea5.-
$50 in Liberty and Victory bonds at
his death. the bulk of which were sub
scribed for the first issue.
Mrs Elsie Porter Mende OF Bern,
Switzerland, inheriting the resi- luary
estate. will receive more than ~ $3.50
600 Each OF her four children rs ceived
bequests OF $50. 900 in accordance with
the will which was filed nearly I year
ago Mrs Elizabeth J. Wheeldr. the
Generals sister. receives a life lterest
in trust fund of 100000.
The flag which few fro mthe mead
quarters of Cen. Grant during I he last
davs of the civil war was pm scented
no the Grant Monument Asst citation
with a beauest OF $4,000 to aid In the
maintenance of the tomb. The az praisal
1enumerates other bequests TO friends
and servants which havo bed pub
lished.
Only Realty Was His Home.
The only real estate held ~ Gen.
|, Porter at his death was his hdme. 2'I
Madison avenue. appraised at S23l,0Oo,
and it's furnishings. valued at $31.213.
He had s2S,sO5 in insurance. on, policy
for $4,000 and the remainder represent
ing dividends.
The Generals holdings in bonds
amounted to s1.s19.117. OF which
more than two-thirds was in Yliberty
nronds. According to the appraisal, he
held $1.255,00O OF the first issue $4,000
OF, the second, $5.050 of the third. $4,000
Of the fourth and $4,000 in the Victory
issue. He also owned s226,000 in bonds or
the Virginia and Southwestern Railway
Company. s154.501 in Colorado Fuel and
Iron Company. 100000 Atlanta. Knox
vile and Northern $4,000 in Chicago.
Rock Island and Pacific. and s1o.00c
Interbarough Rapid Transit Company.
His stock holdings were 1878. 400. which
include,l s77.5o0 United Retail Stores.
s53.1OO United States Steel preferred.
s29,s Montana Power Company. $20.-
500 CUBA Cane Sugar Corporation and
S1O.60Oi F. w. Woolworth preferred.
That tGeh. Porter was an approachable
investor is shown in the extensive hold
ings which the appraisal found WORTH
less Suc4l as were listed under thai
desigrfa zion include 5000 shares OF thu
Terrible Mining Company, 5000 share
Of the Pueblo Realty and Developmen'
Company. 600 shares of the San deg J
Land and Town Company and 100
shares of 'the.Huison River Copper Com
,pany.
Loss'in Realty Venture.
Am investment of more than s1s0,Oo0
in the I5astchester Syndicate Company
also is enumerated as a possibly cnsuc-
l.cessfcl undertaking from which the
estate may get not more than $25,000.
The General held notes amounting to
s116.417 and certificates of Indebtedness
m the sum of s63,669. The appraisal
shows that the syndicate in 1906
acquired 1862 acres of unmproved land
at Eastchester and Gun Hill roads. The
Bronx.
Financial hackers of the development
at that time included in addition. to Gen
Porter. Ogden Mills. Alfred Gwynns
! Vanderbilt. Reginald c. VaNderbilt
| Harry Payne Whitney, Charles T. Cook
and Lawrence E. Sexton. who all took
stock for their investment and made
advances from time to time by notes
from january. 1915. to July, 1920. Gen.
Porter's. note of more than s11S,00o was
made during the latter month.
In the same month the property was
divided into lots and sold at public
auction by Joseph p. Day The APP
pralsers have found that while the es-
tate's interest is of problematcal value
II may receive $4,000 when returns
from the. saBe Of lots and mortgages
y,,oSe