Jasper County Democrat, Volume 13, Number 68, Rensselaer, Jasper County, 3 December 1910 — MRS. YERKESSUES TO OUST OWSLEY [ARTICLE]

MRS. YERKESSUES TO OUST OWSLEY

Widow of Traction Magnate Charges Incompetency. LOSS TO ESTATE IS CLAIMED Surrogate Thomas Issues Restraining Order Preventing Executor From Acting Only Wi en It Is Necessary Pending Hearing. . ’ , ■' ,ty New York,Dec. 2—Mrs. Mary Adelaide Yerkes who had made frequent unsuccessful efforts to have Louis Owsley, of Chicago, removed as executor of the will of her husband. Charles T. Yerkes, has instituted another proceeding before Surrogate Thomas for his removal as administrator here in which she alleges Owsley had misapplied the funds of the estate. The surrogate signed a restraining order prever/irg the executor from acting here, pending the trmination of the present action, except where it Is absolutely necessary to safeguard the property. The petitioner alleged that if properly administered the estate would yield $2 000,000 as her interest, but says the executor has invested moneys of the estate in securities unworthy and has otherwise improvidently a r d improperly managed the property so that be is unfit to continue as executor. She alleges that he secured the secret delivery of $4,494,000 par value of bonds of the Chicago Consolidated Traction company to the Chicago Railways company for $1,101,000 and there was $lB4 of accrued interest on each bond, causing a net less to the estate of $3,936 000. The petitioner alleges further that Owsley is not worth over SIOO,OOO and having no business other than the executorship, is not a proper person for the trust.