Monday, February 11, 2019

My analysis of Albert David Sanders will

So there is a lot to dissect from the will.

It was written in January of 1862, a month after the death of his wife.  He died in the following October.

Here is a breakdown of who he gave money too and how much.

Name
Amount
Value in 2019 Dollars
Reason
David Sanders
$1,000
$25,000
Father
Amy W Sanders
$1,000
$25,000
Mother
Eleanor Baxter Sanders
$8,000
$201,000
Adopted Daughter
Lucy A. Reed Sanders
$8,000
$201,000
Adopted Daughter, daughter of Sarah Wheeler Sanders
Everett Baxter Sanders
$8,000
$201,000
Adopted Son
Lucy S. Sanderson
$5,000
$126,000
Sister
Sarah W. Sanders
$5,000
$126,000
Sister
Jane Caroline Reed
$1,000
$25,000
Niece
Albert David Sanders
$1,000
$25,000
Nephew
Henry L. Tileston
$1,000
$25,000
Brother-in-law
Children of Henry L. Tileston
$1,000
$25,000
Brother-in-Law's children, the $1,00 is split among them.
Haydenville School District
$5,000
$126,000
Setting up a trust to support the school district
Haydenville Church Society
$5,000
$126,000
Setting up a trust to support the church society
American Board of Commissioners of Foreign Missions
$5,000
$126,000
Donation
American Home Mission Society
$5,000
$126,000
Donation
American Tract Society, Boston
$2,000
$50,000
Donation
American Tract Society, New York
$2,000
$50,000
Donation




Total
$64,000
$1,600,000


So, if all of the will paid out it would have been worth $64,000.  That translates to $1,600,000 in 2019 dollars.  He made sure to cover his parents, adopted children and sisters.  He then tried to cover the rest of the family.  There is some interesting twists on school district.  He was definitely interested in covering the village of Haydenville.  This was where his factory was located.  

The will also shows what happened to Sarah Wheeler Sanders' daughter Lucy Amy Reed.  It looks like Albert and his wife adopted her after she was born.  The family story of Albert adopting Sarah's son Albert David Sanders doesn't appear to be true, because he calls him his nephew.  

There are about 705 pages to the probate record available online.  I suspect there is a lot of valuable information in there but it is hard to dig through it.  I might dig in deeper in the future.


Note: The value calculations where done on the Measuring Worth website



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