Evening star., 1928-11-22

come from the funds until they reach
the age of 40, when Payne Whitney
Payson, granddaughter, will inherit
the net funds of both her mother and
her uncle On the death of her grand
mother she will also inherit the net
fund of that life estate.
Stocks and bonds held by Mr.. Whit
ney totaled $182, 2,028,278 The largest
item in these securities was a block
of $4,000 shares of the Northern
Finance Corporation, a company cap
italized at 1868 3,955,616 and organized
to look after the vast security holdings
of the Whitney fortune. Payne Whit
ney owned it jointly with an unnamed
person, but the latter Is believed by
the appraisers to be Harry Payne Whit
ney, the decedents older brother.
Payne Whitney's share in this one in
vestment was valued at $124,231.191.
Among the corporations assets was
listed block of 2,035,535 shares of
Standard Oil stocks, appraised at $751;
834,473. Next In value was the
| corporations investment in American
and British tobacco stocks, which were
valued at $68,585, TAB.
In addition to the beneficiaries al
ready named, Mr.. Whitney left ST.
823,057 to Charles S. Payson, a son-in-
law, of Manhasset, N. Y; to Samuel
Adams Clark, an architect and an old
friend, bequests amounting to $917,644
New York real estate worth $77,500
and legacy Of 100000.
Writer Gets Bequest.
Finley Peter Dunno, creator of "Mr
Dooley," was forgiven debt Of $3,290.
He also got legacy of $500,000, and the
appraisal mentioned gifts to Mr.. Dunno,
prior to the decedents death, amount
ing to $917,644.
Identical gifts and a similar legacy
went to Eugene Hale, jr., a New York
financier. Other bequests were: $780,
600 to Katherine B. Barnes of Man.
hasset, a cousin; $4,000 each to Frank
S. Rollins and Elmer d. Gault, en-
ployes Of Mr.. Whitney: $4,000 legacies
to Clara l.. Weithas and Edna M. Black
mar. Henry Allendord, l.. Waterbury
financier, were forgiven respective debts
of 1000, $154,101 and $490,033.
The real estate held by Mr.. Whitney
was valued in the appraisal at So, 149.-
36l. The outstanding item was the
| 587-acre holding In Manhasset, where
the Whitney country home, Green
| Trees, Is situated. 1t was there that
Payne Whitney died, on May 25, 1927.
The appraisal held the country place
at $2,185,756. The Whitney town house
and land on Fifth avenue, New York
| City, wedding gift to Mr.. Whitney
was appraised at S625, 900, while another
home in Saratoga Springs, N. Y,
was valued at $4,000.
Wearing apparel. furniture and other
personal effects in the city residence
were estimated to be worth $515,575.
Similar articles at Manhasset were list
ed at $124,338 Mr.. Whitney's house.
boat "Captiva" and his private rail-
| road car "Adios' were booked at
$4,000 and $57.500, respectively.
Disposed Of Horses.
For many years the sportsman was
a director of the Westchester Racing
| Association and noted racing man.
| Shortly before his death, however, he
disposed of his better known thorough
breds to his brother and wife.
The Whitney town house and coun-
| try estate contained many antiques and
| works of art. In the hallway OF the
Fifth avenue mansion. for instance, was
stained glass window depicting the
Last Supper It was appraised at $1,000
Several Persian rugs, a series OF rare
old tapestries and medieval ecclssiasp-