Democratic Sentinel, Volume 3, Number 1, Rensselaer, Jasper County, 14 February 1879 — Enormous Shrinkage. [ARTICLE]

Enormous Shrinkage.

When Captain E. B. Ward, the Detroit millionaire died, an inventory of his property was taken aud its value placed at $5,377,454.36, the deb’s ot the estate being scheduled at $1,440,373. During the three years that have since elapsed the managt-m- m of the estate has been in the hands of men of character and ability, but the process of bringing down to hardpan has so affected the assets that they only amount to $350,014.40 as against liabilities nf $640,984.26. Instead of leaving $4,000,000 Captain Ward was $290,000 behind. Iron and mining stocks to amount of $750,000 are scheduled as fit only for the junkdealer.