Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1936-08-21
Specifi ] Age
Of 28 R Iached
Mrs. Babcock, Now Liv-
ing in Connecticut, As
surnes Full Control Of
Estate.

Winston-S Salem, Aug. 1.-THE
Twin City Sentinel said today Mrs.
Reynolds Babcock, daughter Of the
late R. J.. Reynolds, had passed her
twenty-eighth birthday and come
into full control of her estimated
$3O,O00,O 900 share of his tobacco
fortune.
THE Sentinel said that, although
no formal announcement had been
made, Mrs. Babcock, who now
lives in Connecticut, had taken
over control of her share of the
estate which was administered un-
til her birthday August 8 by the
Safe Deposit company of Balti-
more.
The will of the founder of the
Reynolds Tobacco company pro-
vided that his children not gain
control of their shares of his great
wealth until they reached 20.
The inheritance which came to
Mrs. Babcock, the paper said, is
apart from the estate Of her moth
er, Mrs. Katherine Reynolds John
son, from which Mrs. Babcock re-
ceived a life income.
Mrs. Babcock was married about
six years ago to Charles H. Bah
cock, Jr., New York brokage en-
ploye, and they reside with their
two children at Greenwich, Conn.
She is the second of the wealthy
Reynoldses to receive a portion Of
the estate. R. ]. Reynolds, j., old
est child, came into his inheritance
about two years ago. Nancy Rey-
nolds Bagley, second girl Of the
family, will be 20 in 1888.
Smith Reynolds, fourth child of
Reynolds, was mysteriously shot
to death here in 1882 before he was
old enough to receive his princi-
pal.
His wife then was Libby Hol-
man, Broadway torch singer,
whom he married shortly after
being divorced from his first wife.
the former Anne Cannon, daught-
er Of Joseph Cannon, wealthy
Concord manufacturer.
A long court battle was fought
over his estate with his two former
wives, the child of each, and his
brothers and sisters contesting. A
settlement recently reached split
the fortune among the contenders
with participating lawyers getting
large shares.
Mrs. Babcock several months ago
purchased the Reynolds mansion
with extensive surrounding estate
Reynolda, where Smith Reynolds
died of a pistol wound.
1t was on this estate, which her
mother developed and which in
cludes a model village, farm, dairy
and other facilities, hat the four
Reynolds children matured. Here,
after the death Of the senior Rey-
nolds, Mrs. Reynolds Johnson lived
with her youthful second husband,
J. Ewdard Johnson, who had been
a teacher in the Reynolda private
school.
1t was here also that Mrs. Rey-
nolds died after giving birth to J.
Edward Johnson, g., who was CO.
heir in Mrs. Reynolds johnson
estate, an inheritance entirely sep
arate from the one left in trust by
her first husband.
Heynolda itself was left equally
to the Reynolds children and to
Mrs. Reynolds Johnson's second
family, husband and son. However,
soon after her death, johnson took
his son to Baltimore where he now
lives.
For years the Reynolda estate
was silent except for the presence
of caretakers, as the Reynolds chill
dren scattered abroad.
Once more it echoed to the gale
ty of young people in 1882 when
Smith Reynolds, somber young
flying millionaire, brought his
Broadway crooner bride, Libby
Holman, here for his honeymoon,
accompanied by a number of
guest.
Following a gay party, Smith