END FIGHT OVER TEA MERCHANT’S MILLIONS.
Litigants Over Estate of the Late George F. Gilman Have Agreed on Compromise.
[BY ASSOC PRESS] – NEW YORK, June 30. – Except for the claim of Mrs. Helen Potts Hall, still pending, the long litigation over the estate of the late George F. Gilman, millionaire tea merchant, ended today with the issuance of a decree by Judge Lacombe, in the United States Circuit Court, providing for a contract of compromise.
According to the terms of the settlement, George H. Hartford, manager of Mr. Gilman’s business, who claimed that a contract had been made with him making him a partner, is given all of the $700,000 common stock and $150,000 of the 6 percent preferred stock in the Great Atlantic and Pacific Tea Company. The administrators of Mr. Gilman’s estate, his nephew, E. L. Norton, and his half-brother, Theodore Gilman, are given the remainder of the preferred stock, amounting to $1,250,000.
[Provided by Mark Wirey and Cathea Curry]
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Founded The Great Atlantic and Pacific Tea Company.
END FIGHT OVER TEA MERCHANT’S MILLIONS.
Litigants Over Estate of the Late George F. Gilman Have Agreed on Compromise.
[BY ASSOC PRESS] – NEW YORK, June 30. – Except for the claim of Mrs. Helen Potts Hall, still pending, the long litigation over the estate of the late George F. Gilman, millionaire tea merchant, ended today with the issuance of a decree by Judge Lacombe, in the United States Circuit Court, providing for a contract of compromise.
According to the terms of the settlement, George H. Hartford, manager of Mr. Gilman’s business, who claimed that a contract had been made with him making him a partner, is given all of the $700,000 common stock and $150,000 of the 6 percent preferred stock in the Great Atlantic and Pacific Tea Company. The administrators of Mr. Gilman’s estate, his nephew, E. L. Norton, and his half-brother, Theodore Gilman, are given the remainder of the preferred stock, amounting to $1,250,000.
[Provided by Mark Wirey and Cathea Curry]
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Founded The Great Atlantic and Pacific Tea Company.
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