Mary Erskine by Jacob Abbott (most read books in the world of all time txt) 📖

together with what you can earn, will support you comfortably."

"Yes," said Mary Erskine, "but then I should be growing poorer, rather than richer, all the time; and when my children grow large, and I want the money for them, I shall find that I have spent it all. Now if I stay here in this house, I shall have no rent to pay, nor shall I lose the interest of a part of my money, as I should if I were to buy a house in the village with it to live in myself. I can earn enough here too by knitting, and by spinning and weaving, for all that we shall want while the children are young. I can keep a little land with this house, and let Thomas, or some other such boy live with me, and raise such things as we want to eat; and so I think I can get along very well, and put out all the money which I get from the farm and the stock, at interest. In ten or fifteen years it will be two thousand dollars. Then I shall be rich, and can move into the village without any danger.

"Not two thousand dollars!" said Mrs. Bell.

"Yes," said Mary Erskine, "if I have calculated it right."

"Why, how much do you think the farm and stock will sell for?" asked Mrs. Bell.

"About eight hundred dollars," said Mary Erskine. "That put out at interest will double in about twelve years."

"Very well," rejoined Mrs. Bell, "but that makes only sixteen hundred dollars."

"But then I think that I can lay up half a dollar a week of my own earnings, especially when Bella gets a little bigger so as to help me about the house," said Mary Erskine.

"Well;" said Mrs. Bell.

"That," continued Mary Erskine, "will be twenty-five dollars a year. Which will be at least three hundred dollars in twelve years."

"Very well," said Mrs. Bell, "that makes nineteen hundred."

"Then," continued Mary Erskine, "I thought that at the end of the twelve years I should be able to sell this house and the land around it for a hundred dollars, especially if I take good care of the buildings in the mean while."

"And that makes your two thousand dollars," said Mrs. Bell.

"Yes," replied Mary Erskine.

"But suppose you are sick."

"Oh, if I am sick, or if I die," rejoined Mary Erskine, "of course that breaks up all my plans. I know I can't plan against calamities."

"Well," said Mrs. Bell, rising from her seat with a smile of satisfaction upon her countenance, "I can't advise you. But if ever I get into any serious trouble, I shall come to you to advise me."

So bidding Mary Erskine good-bye, Mrs. Bell called her daughter, and they went together toward their home.


CHAPTER IX.

GOOD MANAGEMENT.


Whenever any person dies, leaving property to be divided among his heirs, and not leaving any valid will to determine the mode of division, the property as has already been said, must be divided on certain principles, established by the law of the land, and under the direction of the Judge of Probate, who has jurisdiction over the county in which the property is situated. The Judge of Probate appoints a person to take charge of the property and divide it among the heirs. This person is called the administrator, or, if a woman, the administratrix. The Judge gives the administrator or the administratrix a paper, which authorises him or her to take charge of the property, which paper is called, "Letters of Administration." The letters of administration are usually granted to the wife of the deceased, or to his oldest son, or, if there is no wife or son, to the nearest heir who is of proper age and discretion to manage the trust. The person who receives administration is obliged to take a solemn oath before the Judge of Probate, that he will report to the Judge a full account of all the property that belonged to the deceased which shall come to his knowledge. The Judge also appoints three persons to go and examine the property, and make an inventory of it, and appraise every article, so as to know as nearly as possible, how much and what property there is. These persons are called appraisers. The inventory which they make out is lodged in the office of the Judge of Probate, where any person who has an interest in the estate can see it at any time. The administrator usually keeps a copy of the inventory besides.

If among the property left by a person deceased, which is to go in part to children, there are any houses and lands, a kind of property which is called in law real estate , to distinguish it from moveable property, which is called personal estate , such real estate cannot be sold, in ordinary cases, by the administrator, without leave from the Judge of Probate. This leave the Judge of Probate will give in cases where it is clearly best for the children that the property should be so sold and the avails of it kept for them, rather than the property itself. All these things Mrs. Bell explained to Mary Erskine, having learned about them herself some years before when her own husband died.

Accordingly, a few weeks after Albert died, Mary Erskine went one day in a wagon, taking the baby with her, and Thomas to drive, to the county town, where the Probate court was held.

[Illustration: GOING TO COURT.]

At the Probate court, Mary Erskine made all the arrangements necessary in respect to the estate. She had to go twice, in fact, before all these arrangements were completed. She expected to have a great deal of trouble and embarrassment in doing this business, but she did not find that there was any trouble at all. The Judge of Probate told her exactly what to do. She was required to sign her name once or twice to papers. This she did with great trepidation, and after writing her name, on the first occasion which occurred requiring her signature, she apologized for not being able to write any better. The Judge of Probate said that very few of the papers that he received were signed so well.

Mary Erskine was appointed administratrix, and the Judge gave her a paper which he said was her "Letters of Administration." What the Judge gave to her seemed to be only one paper, but she thought it probable, as the Judge said "Letters" that there was another inside. When she got home, however, and opened the paper she found that there was only one. She could not read it herself, her studies having yet extended no farther than to the writing of her name. The first time, however, that Mary Bell came to see her, after she received this document, she asked Mary Bell to read it to her. Mary Bell did so, but after she had got through, Mary Erskine said that she could not understand one word of it from beginning to end. Mary Bell said that that was not strange, for she believed that lawyers' papers were only meant for lawyers to understand.

The appraisers came about this time to make an inventory of the property. They went all over the house and barns, and took a complete account of every thing that they found. They made a list of all the oxen, sheep, cows, horses, and other animals, putting down opposite to each one, their estimate of its value. They did the same with the vehicles, and farming implements, and utensils, and also with all the household furniture, and the provisions and stores. When they had completed the appraisement they added up the amount, and found that the total was a little over four hundred dollars, Mary Erskine was very much surprised to find that there was so much.

The appraisers then told Mary Erskine that half of that property was hers, and the other half belonged to the children; and that as much of their half as was necessary for their support could be used for that purpose, and the rest must be paid over to them when they became of age. They said also that she or some one else must be appointed their guardian, to take care of their part of the property; and that the guardian could either keep the property as it was, or sell it and keep the money as she thought would be most for the interest of the children; and that she had the same power in respect to her own share.

Mary Erskine said that she thought it would be best for her to sell the stock and farming tools, because she could not take care of them nor use them, and she might put the money out at interest. The appraisers said they thought so too.

In the end, Mary Erskine was appointed guardian. The idea appeared strange to her at first of being appointed guardian to her own children, as it seemed to her that a mother naturally and necessarily held that relation to her offspring. But the meaning of the law, in making a mother the guardian of her children by appointment in such a case as this, is simply to authorize her to take care of property left to them, or descending to them. It is obvious that cases must frequently occur in which a mother, though the natural guardian of her children so far as the personal care of them is concerned, would not be properly qualified to take charge of any considerable amount of property coming to them. When the mother is qualified to take this charge, she can be duly authorized to do it; and this is the appointment to the guardianship meaning the guardianship of the property to which the appointment refers.

Mary Erskine was accordingly appointed guardian of the children, and she obtained leave to sell the farm. She decided that it would be best to sell it as she thought, after making diligent enquiry, that she could not depend on receiving any considerable annual rent for it, if she were to attempt to let it. She accordingly sold the farm, with the new house, and all the stock, excepting that she reserved from the farm ten acres of land around her own house, and one cow, one horse, two pigs, and all the poultry. She also reserved all the household furniture. These things she took as a part of her portion. The purchase money for all the rest amounted to nine hundred and fifty dollars. This sum was considerably more than Mary Erskine had expected to receive.

The question now was what should be done with this money. There are various modes which are adopted for investing such sums so as to get an annual income from them. The money may be lent to some person who will take it and pay interest for it. A house may be bought and let to some one who wishes to hire it; or shares in a rail-road, or a bank, or a bridge, may be taken. Such kinds of property as those are managed by directors, who take care of all the profits that are made, and twice a year divide the money among the persons that own the shares.

Mary Erskine had a great deal of time for enquiry and reflection in respect to the proper mode of investing her money, for the man who purchased the farm and the stock was not to pay the money immediately. The price agreed upon for the farm,