Word: ellerman
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Left. By Sir John Reeves Ellerman, shipping, breweries, real estate tycoon, reputed wealthiest Englishman: ?17,000,000 (currently $75,160,000), in a will which disposes of his estate "so far as can at present be ascertained." Total value of his estate is expected to be about $140,000,000, of which the British Government will take one-half in death taxes. His will, longest in British history, bequeaths to employes who have served in his companies 14 years or more a month's salary plus 25 percent; to his widow $750,000 and a tax-free annuity...
Died. Sir John Reeves Ellerman, 71, shipping tycoon, reputed possessor of Great Britain's largest fortune (circa $140,000,000); in Dieppe, France. To his vast shipping enterprises he added real estate and publishing, at one time owned a string of newspapers and smartcharts, including London's Sphere, Sketch, Tatler. Hardly more than a name to the average Briton, he shunned publicity and public places, shooed away photographers, lived in a simplicity suggesting stinginess, occupied but one inch of space in Who's Who. He stealthily gave fat sums to charity, was irked when newshawks got wind...
Their ships have carried practically no jute. The Isthmian Line, potent ship subsidiary of the U. S. Steel Corp., have carried four cargoes a year, the Cunard-Brocklebank Line two each month, and the Ellerman- Bucknell Line (oldest in the trade) the rest. They had old, excellent contacts with the chief U. S. importers of jute-the Bemis Bag Co., Ludlow Manufacturing Associates, Chase Bag Co., American Manufacturing...