tors." The executors, upon opening the mail which had accumulated during the last illness of the testator, discovered the following checks, which are deposited to the credit of the estate, in the Union Trust Company; quarterly dividend of 134% on the stock of the Interurban R. R. Co., declared December 28; six months' interest on the bond of William Price; check of Goldsmith, Silver & Co. for rental of leasehold for period ending January 15, 1911; check from the copartnership of Smart & Williams, for testator's proportion of the profits for the fiscal year ended December 31, 1910, $29,824.23. FEBRUARY 24, 1911 Objection having been made to the service of George and Oliver Smart as executors without giving bonds, on the ground of non-residence, arrangements are made to secure the executors' bond. The will is admitted to probate, and letters testamentary are issued to the executors, who qualify at once. They procure certified copies of the will and letters, the cost of same being $34.50. An exemplified copy of the will is filed in Iowa, where the testator held farm lands, cost of same being $5.00. The executors insert the usual notices for creditors in the newspapers designated. The legacy of Robert Brown is paid, voucher No. 3; Brown pays the amount of the tax to the executors. The following bills are paid: Voucher No. 4, A. Dickerson, funeral expenses, $834.27; Dr. L. Brown, professional services, last illness, voucher No. 5, $200.00; voucher No. 6, Fidelity Bond Co., premium on executors' bond, $1,645.00. Owing to the testator's illness, the following items in connection with the leasehold property for the year ending January 15, 1911, had not been paid: Voucher No. 7, J. J. Sator, rental, $7,000.00; voucher No. 8, Jones Contracting Co., repairs to leasehold property, $436.17. These bills are paid at once by the executors. Appraisers for the inventory are appointed. MARCH 1, 1911 Rent due on Henry Street property is paid, $200.00; received check of the insurance company, in settlement of policy OMIA OL of $20,000.00, the amount received being $20,965.00. Paid voucher No. 9, Sun Publishing Co., $53.00; voucher No. 10, Times Publishing Co., $53.00, advertising for creditors; sewer assessments amounting to $4,000.00 are levied against the Bronxville property, under date of March 1. Repairs to Henry Street property, amounting to $105.00, are made by James Cron, whose bill is paid. Dividend received on stock of United Cigar Manufacturing Co., at the rate of 134%. MARCH 2, 1911 Balance due to the estate on contract for the sale of realty received by executors, viz.: Check, $4,000.00 and second mortgage, Charles Stollerman, interest 6%, payable March 1 and September 1, premises Avenue A, Jamaica, Long Island, recorded in Section 2, Liber 101 of mortgages, page 17, due Sept. 1, 1912, $5,000.00. Paid voucher No. 12, Park & Tilford, debt of testator, invoice of Jan. 15, $216.42. Notice of suspension of Skyrocket National Bank received. The securities belonging to the estate are transferred to the personal representatives, the usual arrangements having been made with the State comptroller. MARCH 15, 1911 The inventory is completed, and the executors pay the appraisers' fees, amounting to $75.00, Vouchers Nos. 13, 14 and 15, John Doe, Ralph Roe and Samuel Straight, $25.00 each. Prepare the inventory, in the required form, from the following statement of facts: ESTATE OF JOHN SMART SCHEDULE OF PROPERTY 2. I. Cash on deposit, Union Trust Co.... $16,000.00 25,000.00 3,000.00 5. urban R. R. Co., a New York corporation Bond of William Price, secured by mortgage 6. Leasehold, J. J. Sator to testator; made on Smart & Williams; partnership entered 8. Farm lands in Iowa.... 9. New York City improved realty, situated on 115,000.00 20,000.00 12,000.00 Henry Street; rented to Denis Patterson 10. Life insurance policy, payable to estate..... 15,000.00 20,000.00 II. Life insurance policy, payable one-half to widow, one-half to surviving children, per capita.... 10,000.00 12. Residence, Bronxville.. 20,000.00 13. 1,500 shares stock United Cigar Manufactur ing Co., a New York corporation, $100.00 par value, market value at date of death.. 150,000.00 14. Contract for sale of real property on Long Island for $10,000.00. The sum of ... 15. Bond of James Kent, secured by mortgage on New York City improved property, dated April 1, 1910; interest 5%, payable April 1 and October I..... 16. Debt due by representative, Charles Robinson, secured by his note, payable on demand, bearing interest at 6%; interest last paid to Jan. 15, 1911, inclusive. 17. Household furniture.... 18. 30 N. Y. C. 4% gold debentures of 1934 19. 1,000 shares Clarion Manufacturing Co. 21. .... 10 shares Skyrocket National Bank stock, par value $100.00 per share... 22. Contract for the purchase of realty in Jacksonville, Florida, for $1,000.00, from 9,000.00 3,000.00 1,500.00 3,000.00 28,050.00 101,000.00 worthless 1,500.00 J. Enright; $500.00 paid at time of testa- 23. Testator's library.... 24. Clothing and personal effects. 2,500.00 5,000.00 Open the Estate Ledger; the number after the name of each account indicates the number of lines required for the respective accounts: Page 1, library, 4; clothing and personal effects, 4; household furniture, 6; N. Y. C. 4% gold debentures, 1934, 7; bond of William Price, 8; bond of James Kent, 7. Page 2: Interurban R. R. Co. stock, 5; United Cigar Manufacturing Co. stock, 5; Clarion Manufacturing Co. stock, 8; Goldbrick Mining Co. stock, 8; Skyrocket National Bank stock, 6. Page 3: Skyrocket National Bank, stock assessment, 6; Union Trust Co. deposit, 14; Corn Exchange Bank, certificate of deposit, 5; West Side Savings Bank, deposit, 14. Page 4: Mechanics Savings Bank, deposit, 14; Ninth Ward Savings Bank, deposit, 14; leasehold property, asset account, 12. Page 5: Life insurance policy, 4; contract for sale of realty, 10; debt due by Chas. Robinson, 5; Goodrun Tire Co., stock, 7; bond of C. Stollerman, 12. Page 6: Bond of C. H. Keepler, 6; bond of C. R. Heinz, 6; bond of Winan Realty Co., 6; bond of F. W. Holden, 6; Robert Brown, legatee, 4; Margaret Jones, legatee, 4; William Smart, legatee, 4. Page 7: Arthur Jones, legatee, 6; Henry Robinson, legatee, 7; Thomas Smart, legatee, 3; Jane Smart, legatee, 3; Charles Robinson, legatee, 8; Mrs. A. C. Smart, legatee, 6; C. Robinson, suspense, 4. Page 8: Trustees for Mrs. A. C. Smart, income, 9; trustees for R. and W. Mead, income, 13; expense income, 16. Pages 9 and 10: Expense principal. Page 11: Debts of testator. Page 12: Trustee income, 19; trustee principal, 19. Page 13: Inheritance tax account, 22; commissions, 3; Mrs. A. C. Smart, executrix, 3; George Smart, executor, 3; Oliver Smart, executor, 3; C. Robinson, executor, 3. Page 14: Estate of John Smart, decrease of corpus, 10; estate of John Smart, corpus, 22; proceeds of sales of realty, 7. Page 15: Estate of John Smart, increase of corpus. Pages 16 and 17: Estate of John Smart, income. Page 18: Leasehold property, income account, 15. The following payments are made: Repairs to household |