TWAIN HEIRS GAIN BY $95,467 IN YEAR
Accounting Sets Humorist's Estate at $878,952
Special to The New York Times.
REDDING, Conn., April 27 - Money is pouring into the estate of Mark Twain in a manner it never did during his lifetime.
The annual accounting held here today by Probate Judge Hjalmar Anderson reported the estate as of Dec. 31, 1961, as $878,952, an increase of $95,467 in the year. Income from all sources, including royalties of $21,110, amounted to $91,115.
The beneficiary, who received $75,556 before taxes, was Mrs. Clara Clemens Samossoud of San Diego, Calif., the 88-year-old daughter of the author. She was married in Redding to the late Ossip Gabrilowitsch in 1909, the year before her father's death.
In was the twenty-third year in which Judge Anderson passed on the account.
The original inventory of Clemens' estate listed a miscellany of securities and various possessions, among them a library worth $2,000, two horses, a cow and several vehicles valued at $500, and a trunk full of manuscript copies considered worthless.
Today the most profitable item in the estate is 405 shares of International Business Machines - $231,037.
Royalties of all kinds deriving from Mark Twain's writing have remained
fairly constant in recent years. Fear that they would fall off sharply as
copyrights ran out led, in 1918, to the creation of a sinking fund fed by
$10,000 a year from income. This fund is now worth more than the rest of
the estate.
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