Word: wendells
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Astute Manhattan Attorneys Samuel Untermyer and Arthur Garfield Hays and astute Clarence Darrow of Chicago took up the case of a purported next-of-kin to the late Ella Virginia von Echtzel Wendel, the bulk of whose estate (esti mated $50,000,000 to $75,000,000) was left to charity (TIME, March 23 et seq.). On behalf of the claimant, one Rosa Dew Stansbury, small, 74-year-old spinster of Vicksburg, Miss., they sought to have set aside a waiver which she had signed for $1,000 without benefit of counsel; the fight began when Lawyer Hays obtained...
...Dartmouth, New York University, Yale. Princeton, Stanford. The University of Chicago expected a larger freshman class than ever, planned to be "prudent" financially. Substantially increased enrolments were expected by Drew University, Madison N. J. (it inherited from $7,000,000 to $12,000,000 from Manhattan's landowning Wendel family last March-TIME, April 6), Duke (10% over last year), University of California, College of the City of New York, Cornell. Rutgers University reported a slight decrease. The Universities of Wisconsin and Washington expected many more job-seeking students...
...ugly brick house on Fifth Avenue and 39th Street, Manhattan, Miss Ella Virginia von Echtzel Wendel had died (TIME, March 30 et ante) and dropped into the lap of Charity what the serious Press insisted upon calling a $75,000,000 to $100,000,000 fortune. Of that it seemed, at first glance, that Nanking Theological Seminary and four other institutions! were each to get 17 1/2%. And the famed Moody-founded Northneld schools of East Northfield, Mass., were to get 11½% which looked like $1,000,000?ample to complete its current endowment campaign...
Shrinkage in estimate of the Wendel estate was due to various facts: 1) much of the Wendel real estate was held in the form of long leases with fixed rents, hence not salable at fancy prices; 2) all settlement costs must be borne by the residuary legatees and, what with impending litigation, the costs may be heavy...
...deflated by analysis. Drew University, in addition to its 17½% of the residuary, received the ugly brick house outright and that is one of the most valuable pieces in the whole estate. The reason for the favoritism toward Drew was found last week in the ancient records of the Wendel family. Its first president, Dr. John McClintock who died in 1870, was pastor at the Wendels' church and in his biography are two letters to Old J. D. Wendel. Each of eleven Wendels (the first in 1896) had $10,000 memorials established for them at Drew. And the only Wendel...