State University Gets $10,000 From Anderson Estate
The Indian Herbalist, Dr. J. S. Anderson, who two years ago promised to give $30,000 to State University of this city, and who died November 19, 1920, without carrying out his promise. The University sued his estate for their claim, with the following result:
At the last term of the Pulaski Circuit Court, the claim of the State University against the estate of Dr. J. S. Anderson was settled by a compromise through which the University will receive, after paying the costs and expense incident to the prosecution of the claim approximately the sum of $10,000 of much sum $4,000 was paid the University in December. By reason of the fact that a part of the sale bonds issued for the property sold, do not mature until April, 1921, the balance due the University will not be paid until some time next May. In winding up the Anderson estate, it developed that Anderson at the time of his death was insolvent. More than $76,000 in claims came up against his estate, and of this $76,000 something like $20,000 were preferred claims and had to be paid in full. By reason of the insolvency of the Dr. Anderson estate, the University could collect only a prorata of its claim.
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