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Scottish Clan Research and Events

Replies: 8

Re: Clan Buchanan Estate scam 1930s

Posted: 14 Sep 2004 2:22AM GMT
Classification: Query
Edited: 24 Feb 2005 11:42PM GMT
Surnames: Buchanan, Celo, Guest and Hayden
Henry,

I have a copy of a newspaper clipping that was given to me by my Aunt a few years back. I have no idea what newsparer it came from nor the date. Some of it is a little hard to read.

BUCHANAN ESTATE OF $850,000,000 WILL BE DEVIDED

Twelve hundred heirs share in fortune of former President James Buchanan.

Houston, Texas, April 11- (By International News Services)The story how and estate established by relatives of President James Buchanan has grown to be worth 850 millinon dollars and soon will be devided among a number of heirs, was told here Saturday by L.D. Buchanan a great grandson of William Buchanan, cousin of former President.
Buchanan who operates a small north side grocery here, said that property leased ninety-nine years ago by his forbears had reverted this year to the Buchanan estate and that attorneys were preparing to sell it and divide the proceeds.
"The property much of it located in important towns in New York, North, and South Carolina, Kentucky Tennesse and Pennsyvania has grown immensely valuable,." He said
"These leases have expired and the properties revert to the Buchanan's estate." It is not one of those Lost estates found." and added "We have known all along of it's existence." However, the leases let for one stipulated consideration, paid in cash at the ? and the estate has reallly only been a paper affair, producing no revenue, until now.
"We have been working quietly eight years getting the rightful heirs together and making preparations to depose of the estate."
Approximately 1,200 persons will share in the division, Buchanan said. The hairs are scattered all over the United States and Canada. A will made by William Buchanan more than a 100 years ago, and handed down thru the family to the Houston man, ? the hands attorneys and will be filed within a few weeks for probate, Buchanan said.
SubjectAuthorDate Posted
jahansen 7 Dec 2001 4:03AM GMT 
henrybuchanan... 27 Dec 2002 12:46PM GMT 
Judy Franklin 28 Jun 2004 3:44AM GMT 
henryb49 2 Jul 2004 4:24PM GMT 
Janet Gervin 3 Jul 2004 4:23AM GMT 
@@Sparrow2pb@... 14 Sep 2004 8:22AM GMT 
photo1294 20 Aug 2011 11:26AM GMT 
Paul Black 28 Sep 2005 12:38AM GMT 
Amy Davidson 2 Aug 2006 7:47PM GMT 
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