The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-08
TORCH SINGER
NOT TO SHARE
IN MILLIONS
Libby Holman Won't Get
'0ne Cent Reynolds
Trustees Assert.
BABY DAUGHTER TO WIN
Young Widow Attends Rites
of Youth Who Took
Own Life.
Copyright. 1882. BY United Press,

Copyright 1882. BY United Press
BALTIMORE, Md, July S.-Libb,
Holman, former singer of torch
songs on Broadway and widow O
Smith Reynolds, who died by hi
own hand, will not get one cen
from the $15,0O0,O00 held in trus
for her late husband by the SAFE
Deposit and Trust Company of Bal.
timore.
The young widows dreams of {
tobacco fortune-if she had any
went glimmering today with the
terSe announcement of the trustees
here, who have handled the estate
since 1918, that under the terms Of
the will of Richard J. Reynolds Sr.
Smith would not have come into
control of his fortune until he
was %.
Aged 20, he died eight years toe
soon.
Daughter to Get Share
The trustees estimate the estate
at $15,000000, and the will states
this money will go ito his children
living at the time of his death"
Smiths 2-year-old daughter by
his marriage to Ann Cannon,
daughter of millionaire towel
manufacturer, will be an inheritor,
it definitely was announced here.
Today, in an air of calm into
which the expected litigation over
the estate did not enter, young
Reynolds funeral was held in his
block long residence "Reynolda" in
Winston Salem, N. G.
Weeping and moaning in a cur
tanned limousine, the young widow
Unexpectedly attended the funeral
Since the death of Richard j.
Reynold Sr., on July %, 1923, the
Safe Deposit and Trust Co. has
held in trust here a sum approx
mately $6OOOO,O00 for the four
Reynolds children.
None Is % Yet
None yet has reached the age of
%, when they will inherit abso-
lutely," the trustees revealed. In
addition to Smith, they are r. j.
Jr., now cruising on his
freighter yacht off the African
coast, and Mrs. Mary R. Babcock
and Mrs. Nancy R. Bagley, both of
New York.
Mrs. R. ]. Reynolds Sr married
j. Edward Johnston, Baltimore
banker-lawyer, after her husbands
death. She died several years ago
and Johnston came to Baltimore,
where he married Mathilde Manley,
daughter of Mrs. William Manly.
Smith Reynolds left small per-
sonal estate, approximately $780,
000," it was reported here, in which
Libby may claim a dover right. This
is less than the sum she earned and
saved while thrilling Broadway
with her songs.
Simple Rites Planned
The simple rites for young Reyn-
olds were to be followed by drive
to Salem cemetery. Young Reyn-
Odds grave is near the burial places
Of his father, founder of the vast
tobacco fortune; his mother, the
late Mrs. Reynolds-Johnson; a child
Of the latter; and nurse, all of
whom died at Reynolda during the
last fourteen years.
The funeral cast gloom over the
city. Major events in the life of
the tobacco magnate's family in
exert influence upon the
town.
The sudden tragedy of young
Smiths passing by his own hand
accentuated that influence. for he
was the gay playboy of Winston
Salem.
Reynolds death officially re-
NAMED suicide, with Coroner w. N.
Dalton announcing he had found
to indicate otherwise and
that the inquest would not be re-
opened unless he did.