Evening star., 1938-11-22
J. D. Rockefeller, ST.,
Left Net Estate Of
$26,410,837
De Cuevos Family and
Medical Institute
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Medical Institute
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A. the Associated Press.
NEW YORK, Nov. 22.-John D.
Rockefeller, ST., who died In Flor
ida on May 23, 1887, left net estate
of $26,410,837, consisting principally
of securities.
A transfer tax appraisal filed to-
day listed the gross estate at $685.
COS, 1882, of which more than ST.
OO0, 900 was in United States Treas
ury notes.
Virtually the entire estate was left
in trust for a granddaughter, Mrs.
Margaret Strong de Cuevas, her two
children, and the Rockefeller Insti-
tute for Medical Research.
It was estimated that the State
would collect $4,616,46 in taxes.
Attorneys said the Federal tax
would run to $12,245, 900.
The only other beneficiary was
John D. Rockefeller, jr., who re-
ceived personal and household ef-
fects valued at $33,678.
Other Heirs Provided For.
The senior Rockefeller explained
In codicil to his will that he al
ready had made ample provision
for his other heirs. In addition, he
donated total Of $3.50, 1890, 900 dur
ing his lifetime to philanthropic
agencies throughout the world.
Mrs. De Cuevas, wife of Spanish
marquis, maintains home at Lake.
wood, N. j., but the family spends
much time abroad.
The appraisal, filed by James j.
Fleming, Westchester County estate
tax appraiser, listed Mr.. Rockefeller's
chief asset as securities valued at
6,273 ,845. There we're notes and
cash totaling $45l 1854 and miscel-
laneous property amounting to $179,-
973. The latter included a Stock
Exchange seat-which he never
used-valued at $93, ,0OO.
Deductions included $36O,996 for
funeral and administration expenses.
Lawyers fees were estimated at
$500, 900 and the three executors re-
ceive fees of $4,000 each. The
executors are Mr.. Rockefeller, jr.;
Thomas M. De Bevoise, an attorney,
and Bertram Cutler, . financial ad-
wiser to the Rockefeller family.
Debts Amount to $133,348.
Debts amounted to $l33 ,348, rang
ing from an item of So cents for cloth
purchased prior to Mr.. Rockefeller's
death to $42,8l3 due as q Federal
gift tax for 1887.
In a statement accompanying the
appraisal Mr.. Rockefeller, jr., listed
$l87 900 in gifts made by his father
IN the two years prior to hts death.
They included many donations to
Republican State and national
committees.
The list of assets included a
solitary share of stock in the i'm
mense oil empire founded by Mr..
Rockefeller.
"One share of the Standard Oil
Co. Of California, common" the
item read, value $4394 with
dividend Of As cents declared prior
to his death and payable June Is,
1887"
Another item was 27,733 shares
Of Mount Powell Mines Co., COM
mon stock with par value Of 81
and an accompanying notation, mo
value"
Personal effects at Mr.. Rookie
feller's home at Pocantico Hills,
N. Y, were appraised at $17,11850.
In addition he had a helf interest
in farm machinery there as well as
two horses and other farm equip
ment totaling $6022.50.
Other Items Listed.
Two marble busts OF Mr. Rookie
feller were valued at $1,000 each.
One was by Paul Nanship, the
other by 10 Davidson
An oil painting Of Mrs. Rookie
feller, ST., by Mrs. w. D. Murphy
was appraised at $3.50 and copy of
an oil painting of Mr.. Rockefeller's
mother was valued at $500.
Other items included an incom-
plete dinner set of 121 pieces. valued
at $500; IL champagne tumblers,
$50; IL cocktail glasses, $6: a gold
open-face Tiffany stop watch, $45,
and a carved ivory letter opener
with a gold monogram, $25. Six
gold-plated collar buttons were
listed as having mo value"
Dismissal Allowances.
Among the funeral and admins
tration expenses were dismissal al
lowances to 80 employees, ranging
from $61 to $6l5.
In a statement by Mr.. Rookie
feller, jr, it was set forth that to
the best of his knowledge his
father had "at no time during his
life made any transfers or created
any trusts in contemplation of death
or intended to take effect In pos
session or enjoyment at or after
DEATH"
Further the statement pointed
out:
During the course OF his life,
the decedent was constantly making
gifts in cash Of an amount of 5000
or more and gifts in kind to chari-
table institutions and to individuals
and the complete list of all such
gifts Is voluminous.
Securities Listed.
In addition to the naore than
$17,O00,00 in United States Treasury
notes held by the late John D.
Rockefeller, ST.. at his death, the
following securities, among others,
were listed in tax appraisal filed
today:
Manhattan Railway Co. (now In
receivership), second mortgage 1