The thick envelope that Mr. Hollenback handed to Anne on the day of her
wedding contained a properly executed assignment of securities amounting
to two million dollars, together with an order to the executors under his
will to pay in gold to her immediately after his death an amount
sufficient to cover any shrinkage that may have occurred in the value of
the bonds by reason of market fluctuations. In plain words, she was to
have her full two millions. There was also an instrument authorising a
certain Trust Company to act as depository for these securities, all of
which were carefully enumerated and classified, with instructions to
collect and pay to her during his lifetime the interest on said bonds. At
his death the securities were to be delivered to her without recourse to
the courts, and were to be free of the death tax, which was to be paid
from the residue of the estate. There was a provision, however, that she
was to pay the state, city and county taxes on the full assessed value of
these bonds during his lifetime, and doubtless by premeditation on his
part all of them were subject to taxation. This unsuspected "joker" in the
arrangements was frequently alluded to by Anne's mother as a "direct slap
in the face," for, said she, it was evidently intended as a reflection
upon the Tresslyns who, as a family, it appears, were very skilful in
avoiding the payment of taxes of any description. (It was a notorious fact
that the richest of the Tresslyns was little more than a mendicant when
the time came to take his solemn oath concerning taxable possessions.)
Anne took a most amazing stand in respect to the interest on these bonds.
Her income from them amounted to something over ninety thousand dollars a
year, for Mr. Thorpe's investments were invariably sound and sure. He
preferred a safe four or four and a half per cent, bond to an "attractive
six." With the coming of each month in the year, Anne was notified by the
Trust Company that anywhere from seven to eight thousand dollars had been
credited to her account in the bank. She kept her own private account in
another bank, and it was against this that she drew her checks. She did
not withdraw a dollar of the interest arising from her matrimonial
investment!
Mrs. Tresslyn, supremely confident and self-assured, sustained the
greatest shock of her life when she found that Anne was behaving in this
quixotic manner about the profits of the enterprise. At first she could
not believe her ears. But Anne was obdurate, She maintained that her
contract called for two million dollars and no more, and she refused to
consider this extraneous accumulation as rightfully her own. Her mother
berated her without effect. She subjected her to countless attacks from as
many angles, but Anne was as "hard as nails."
Public-domain text, read in full here on John Shaqi.
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