The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-16
A. 4. STEWARDS MILLIONS.
His Entire Business Interest Sold for
One Million Dollars.
HILTON & LIBBEY THE NEW FIRM.

I'll YIN q LI66EY ] 1E NEW fl7M
Mrs Cornea N. Stewart, widow or tho great mer-
chant yesterday died in the Registers Office OF this
city full power of attorney TO Judge Henry Hilton
10 manage her estate real and personal
she also d!ed transfer aud assignment Of
all her late husbands share in the business OF A. T.
Stewart 4 Co, as well as all his property, real anc
personal except estate included in the city OF New
York. to Judge Hilton dor the Of sl09ooO Both
OF these instruments dated April IL 1874 the
smallnoss OF tbs monetary consideration compared
with the popular estimate OF the value Of Mr. Stewards
share in the business OF the will, doubt,
cite considerable surprise The following IL the text Of
the transfer:
MRS STEWARDS ASSIGNMENT.
Knop all by these Prssents-That !, Cornclia
NJ stewart OF the city OF New York widow OF Alex
andcr T. stewart late or said city, deceased, Tor anu
consideration OF the Of 81 900 900, "a me u hand
paid By Henry Hilton, OF said city, and lot divers other
good cons alterations me thcrcunto moving, ana par.
Iiculary carry out and elcctuae the wishes OF my
late husband. Alexander T. Stewart that the business
firm Of A. 4. Stewart & Go. the time Of hts doath
may be continued and carried on the same as II he
were living that the various aud uncxecued arrange
ncnts and contracts in reference To the business oil
said tirm contemplated by HIM AMI IN progress Of exc
cutlon at the Time Of his dcceasc may be continued aud
conlplecd and especially that the business Of said
firm may continue heretofore, Tor the purpose OF
giving employment TO the many persons now engaged
in the ion and management oil The business OF
said rn and In accordance with the wishes Of my said
late husband. E@t l9s'ss tst4 tfrA
Now for the considerations aforesaid do hereby
sell, assign transfer aud convey to tho said Henry
Hilton all my right, titlc claim and Of aud
10 the property rci or personal money funds, assets
anu effects OF, or belonging to, the said firm OF A. I.
Stewart & Co, wheresoever situated being and Of
wha, kind socvcr-hcreby authorizing and en-
powcrng the Henry Hilton TO take possession Of
the same and TO hold the same TO him and
his heirs and assigns forever.
This transfer and conveyance does not include any
real city Of New York. but does transfer
and convey TO said Henry Hilton all rca cstatc millA
factories or other property real and personal used IN
connected Herewith situate without the
city OF New York, whether standing IN the name OF
said Alexander T. stewart individually or IN the name
OF said tr occupied Tor the and purposes
Of SAID firm at the time Of the death VI said Alexander
And give and grant unto tho said Henry Hilton fun
power and authority the OF the firm OF A.
T. Stewart Co. SO long as he may deem the same OK
pcdien.
and seal thus 14h day Of April, IN the year 1874
coRNELiA 81 STEWART.
In presence OF Henry +. DAVIES.
IMPROVEMENTS 60
As will DO seen from the subjoned copy or ccrt6s
cate filed yesterday in the County Clerks Otico,
judge Hilton and William LibUey have formed
partnership under the nrm name OF A. 7. Stewart
Co. These gentlemen declare there Will be change
whatever In the mode OF conducting tho bust.
ness In tho stores In the operations oil
the fourteen mills Of which Mr.. Stewart
was owner Judge Hilton says that he has
had intimate know edge Ut all Tue deceased mcr.
chants benevolent schemes, aud that they VIII fully
carried Out by Mrs. Stewart ana himself He declines
what they further than that the Working.
women's Hotel on Fourth is to be completed.
Mr. stewart once sa,a that It have been flushed
long ago, but the great difficulty was to ind suitable
person TO take charge OF IL
Dcsigns for the furniture have been made and the
building VIII be put IN complete order carly day.
Mr. stewart was IN the habit Of saying that i was 70
the womer Of New York he owed his fortune, AMI he
was arxiou provide chcap and comiortaDic home
those who might need II. Only short before
his death Mr. stewart had expressed wish 20 havs
the Womcns Hotel, as he called It. completed MS soor
practicable M to
Tho improvements at Garden City, Long Island; thu
Grand Union Hotel Saratoga and the carpet mills III
Gcnuam, n ", will be finished. There are lew houscf
Al Garden City, Long Island, to be completed, ans
ibout lao rooms are adding to the Grand Union Aote
This Is to certify. That We Henry Hilton and
William Libbey, both OF the city anu state vi New
York. have this day formed copartnership for the
purpose OF conducting general mercantile business
iu the city New York and in tue OF Boston,
Philadelphia Paris, Lyons, Manchester. Bradford, Not
tingham, Belfast, Glasgow, Berlin Chcmnz and else
Great Britain and Ireland aud son the Continent OF
Europe and IN other foreign countries
That the principal place OF business OF said CO.
partnership viii be In the city Of New York.
4 that said business Will be conducted under the
nrn name OF A. T. Stewart Co., which hrm nane u
Is hereby certified will be continued in use by Henry
Hilton and William Libbey oil the city ana State or
New York Aforesaid, tho said Henry Hilton helng the
assignee aud grantee Of Coruca NJ Stewart, devisee
and egatec under the last Will and testament OF Alex
ander f..Stewart late or the city or New York. now
deceased, all the interest OF said Alexander r.
stewart in the late firm OF A. I. Stewart Co.. aud the
said William Llbbeysbcing tho oniy surviving partner
OF the said late firm of A T. stewart h Co., winch irm
had business relations with foreign countries
Witness our hands aud seals this l4th day Of April,
A. d. 1876 HENRY HILTON. Il. s.
WILLIAM LTBBEY. II. 81
In presence OF HENRY 4. DAWES, j. HESRv Work.
The wholesale ana retail were opened yester.
day morning, and throughout the day their
usual throngcd appearance.
STEWART
In the studio OF Mr. Wilson Macdonald, No. 1880
broadway, there is bustn clay OF the late
merchant, A. T. stewart Although tho sculptor lad
the advantage OF deliberate and artistic study of
his subject, tho expression, especially OF the lower
lace, wonderfully cllke. close criticism at this
stage the work would hardly be fair to the artist
yet far may be objected that the bust represents
Mr. texart TO be of not nfty years age,
and although the face OF tho merchant sngdlary
free wrinkles, still Nature most gen.
moods, does not entirely tree the faces hci
children from tho the hand OF Time Tho
rather contcmptive expression Of the great merchant
Is admirably preserved. while peculiar gracious
smile, with which Mr.. Stewards lips weres often
wrcafhcd strikes being very faithfully repro
that OF the business man, the world knew the
merchant prince hut rather sonened II relaxed 10
moment OF social and domestic enjoyment The head
10 have been reproduced with almost phrcno
logical cxacttudc, aud the wonder how the sculptor
without actual sittng-coud perfectly represent
the intellectual developments OF that. well balanced
organism. The friends Of the deceased merchant have