John T Moss

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Obituary- Moss, John 3

John T. Moss Estate Ready for Liquidation
With the death last Monday (July 8) of Miss Mollie Kesler, the estate of John T. Moss is available for liquidation.

When the erstwhile banker died in 1929, his paramount interest seemed to be the welfare of his aunt, Miss Kesler. Several friends and local institutions were remembered with legacies, but one provision stood out. The estate was to remain intact, with H. Pessemeir as trustee and executor, until after Miss Kesler's death.

The will was probated November 13, 1929. It provided that, after dissolution of the trust, Mr. and Mrs. Mike Kesler were to receive $15,000. An obligation of Henry Hidecker of Holly, Colo., for $2500 was to be conditionally discharged. $5,000 was to be given Maurice Murphy. $1000 was to be given Gertrude Shumaker, and a solitaire diamond ring given Maurice Urbansky.

The estate, it developed, was mainly a collection of second mortgages. Trustee Pessemier recalls that the gross appraisal in 1929 was figured at about $80,000. Against this value there were encumbrances amounting to $30,000. The net worth of the estate, in its brightest days was therefore estimated to be in the neighborhood of $50,000.

Since 1929 a six-year depression has exacted its toll. As a consequence Mr. Pessemier does not feel that the value of the estate today will exceed $8,000. If this sum is the basis of calculation, the cash bequests have shrunk to 15% of the amounts stipulated in the 1929 will.

After listing legacies already mentioned, the will reads: "I bequeath all the rest and residue of my estate to St. Mary's College."

Then appears a codicil to the will which was appended July 16, 1929. This codicil states that the will and its provisions are modified to this extent: that the Thomas J. Moss home and premises at First and Bertrand avenue are bequeathed to the Immaculate Conception parish for use as the site and for the erection of a high school building; further, that if said building is not erected within five years from the date of Miss Kesler's death, the bequest shall fail and the property revert to the original provisions of the will.

Just what the status of this bequest now is, Mr. Pessemier does not say. -St. Marys Star.

[Thursday, 18 Jul 1935]

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