Indianapolis Times, Indianapolis, Marion County, 19 September 1947 — Page 11

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FRIDAY, SEPT. 19, 1947

THE INDIANAPOLIS TIMES

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_ PAGE 11

Edsel Ford Estate Tops $131 Million

Dispute Over Stock Settled by Court

MT. CLEMENS, Mich, Sept. 10, (U. P.).—A court order today auth-| orized distribution of $131,548 434 of the late Edsel B. Ford's estate. The order apparently ended a long-standing dispute between his widow and the government over the value of Ford Motor Co. stock. Macomb County Probate Judge Joseph V. Trimbly accepted a valuation approximating $90 a share. The widow, Mrs. Eleanor Clay] Ford, had contended for a $58 valu ation, The department of internal] revenue’s tentative figure for tax-| ing purposes was $190. . The order was addressed to Mrs. Ford, who is administratrix for her | husband's estate. Foundation Benefits Judge Trombly accepted a $108,842,810 valuation on 1,163,509 shares of class A non-voting common stock of the company and a $5346,990 value on 59,411 shares of class B voting common stock. Edsel Ford's four children, Henry

Benson Ford, Mrs. Joséphine Clay Ford and Willia Clay Ford share the class B common stock. ‘The class A stock and $148487 in real! estate were left to the Ford foundation. Distribution included $11,030,829 in personal property left to the widow, The court will rule later on dis tribution of some $45 million to $70 million in cash and government securities, which would lift the total value of the late motor magnate's estate to between, $175 million and $200 million.

Maj. Gen. Dean Slated

..For Korea Governor, 1:

WASHINGTON, Sept. 19 v. py ~—The_war department said today, tt “understood” that Gen, Douglas MacArthur has decided to appoint | Maj. Gen, William FP. Dean as military governor of Korea. Officials said orders for the appointment now were being prepared by the department. Gen, Dean is assistant commandant of the command and staff college at Fort Leavenworth, Kan, The post was left vacant by the | death last week of Maj. Gen. Archer Lerch, i

a | ‘CANADA SETS BIRTH RECORD

Ec FEE, Septe 18. (UPA) B ths in. Canada totalled 325,805

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