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Scottish Clan Research and Events

Replies: 8

Re: Clan Buchanan Estate scam 1930s

Posted: 1095150174000
Classification: Query
Edited: 1109313755000
Surnames: Buchanan, Celo, Guest and Hayden

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.


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 1007697805000 
henrybuchanan... 1040993199000 
Judy Franklin 1088394268000 
henryb49 1088785489000 
Janet Gervin 1088828605000 
@@Sparrow2pb@... 1095150174000 
photo1294 1313839593000 
Paul Black 1127867919000 
Amy Davidson 1154548062000 
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