The New York herald., 1877-01-09


should there be any they 10 share per stripes, and
should there bc such issue said bonds shall 30 Ia
her next OF kin as II she had died intesiate owning
| SAID bonds
The said are hereby directed to set apart
remaining 100000 OF the bonds in this clause be-
qCeathed TO them, and hold tho trust 10
ceve the interest thereof and apply the same to the
maintenance and support OF my son. Cornelius j. Van
dcrbt during his natural life, at such time and IN
such manner as they shall deem best for his interest.
And authorize SAID trustees, in their discretion, IN
stead OF themselves making the application oi said IN
ierest money to his support pay over from time to
time TO my said son for his support such poi tons as
they may deem advisable or the whole OF the interest
Of bonds But no part of such interest is DO
paid TO any assignee OF said son. or TO any creditor
who may seek BY legal proceedings TO obtain the same
assignment OF his beneficial interest In said bonds or
the interest thereof or cucumber the same, or attempt
10 do the said interest OF said bonds shall there
! upon cease TO be applicable to his use and snail
,hcnceorth during the residue OF his natural life be-
| Upon lne dcceasc Of my sad son. Cornelius j., I
give and bcqucath tho last mentioned $500 600 Of bonds
| Eouyth-l give and bequcath unto my sister, Phcbe
Vanderbilt 81 200 per annum during her natural life,
/ To my niece Pncbe Ann Blake, $500 per annum
during her natural fc and Rctecca Little and her
daughter Correa during their joint lives, and 10 the
survivor OF them during her natural me- me sum OF
$500 per annuu. And direct that the annuities IN
this fourth clause provcd Tor do commence rom tho
time OF my decease and tho frat payment thereof be
made in six months thereafter and that SAID nnnuite5
| be pad half.yearly thereafter.
Ftih--I give and bequca,h unto my brother, jacob
IL. Vanderbilt $50 0OO OF the first mortgage bonds OF
tho Staten Island Railway Company, dated the hrst
day Of April 1873 and able the first OF April 1898,
with interest at seven per cent per annum payable
semianuually; to my niece Annie Root, daughter OF
my sister Ellen, $40 900 OF like bonds OF the Staten
Island Railway Company; to my nephew Cornelius
" Dciorest, registered bonds of So 900 each, OF
the Lake Shore and Michigan Southern hallway Com
pany, OF the described In tho second clause OF
this will; my niece Phebc Ann Dustan, IS, 900 OF
the consolidated seven per cent mortgage bonds Of tho
New YORK and Harlem Railroad Company OF the issue
Mrs sophia White, daughter OF Andrew Aims
lie, $4,000 OF like bonds; to Charlotte Has
kc, daughter Of my sister Charlotte, 900 Of such
bonds; 10 each of the three daughters OF my niece,
Mrs. Phebe Ann Dustan, 5000 OF such bonds; 10
Charles smonson, son OF my nephew Charles NJ
family physician, Dr. Jared Linsy. $4,000 OF hKc
bonds to Captain James Braisted, formerly in my
employ 1000 OF such bonds, and to Lambert War
dell an old aud faithful clerk, 10000 OF sucn bonds
provided nc IN nq;ne my service rw @ at 'he s
unto my my y'0Iass Grandson nf William s K M thorn D J
son Of my daughter Emily, So, 200 OF! regis.
tered bonds OF the Lake Shore and Michigan
Southern RAILWAY Company, OF $4,000 each, OF the
ISSUE hcreinbeiore mertioncd; 10 Samuel Patten
Hand, son OF obadiah Hand. brother OF my mother
So 900; 10 tho Reverend Doctor Charles H. Deems,
pastor Of the Church of the Strangers in the Guy OF
company Of So 600 each to Mrs Maria Lechcr, wife
OF GeIerai Gordon Granger $4,000 OF such registered
bonds OF SAID company OF each and to me wlic
Of my nephew, Samuel Barton, S25 600 OF first mort
gage bonds OF the Staten Island Railway Company Of
the issue IN tins clause of nv will before described
Silh.-ln case should part with any OF the bonds
herenDcfore bequeathed to either egatees or trustees
in tor any rcason should not have on hand nv
the time OF my deceasc, amount of each de-
scrlption bonds fulfil all of tho bequess in this
will contained direct my executors TO supply the de-
nccncy by purchasing with the general iunds OF my
estate, the necessary amount OF the kind OF bonds
which may be lacking, and 10 apply the bonds so pur
chased to The fnllment Of such bequests
And II any Of the bonos which have bcqueathod In
should be pad of before tho termination OF the
trust upon which they may be held, direct that the
the proceeds thereof other bonds
OF the United States OF America, and hold the samE
upon the same trusts upon which they held the bonds
paid OF, and that the same limitations OF rcmainders
do apply 10 such substituted bonds.
The interest upon all tho bonds in this will, be-
qucathcd either to legatecs or in trust shall be appor
TONED up to the date OF my dceease and so much
thereof shall have accrued up 10 that date, though
then due payable shall, when collected belong
TO my residuary legace
Serenth-Aii legacy and succession taxes which may
be payable IN respect OF the bcquests and dcvises In
this will contained direct TO be paid out OF my resi-
duary estate; but should any taxes be imposed upon
the income OF the bonds bequcalhcd IN trust, upon
such bonds the proceeds thereof while held in trust
they 10 be borne by the respective trust estates TO
which such bonds may belong, aud to be deducted
from the income payable 10 tho several bcnencares.
EiJhth-Aii the rest, residue and remainder OF the
property and estate, real and personal o! every de-
scripon, and whercsoever situated, OF which l may
be sezcd or possessed, aud TO which may be entitled
the time my dcccasc give, devise and bequeath
unto nay son William II. Vanderbilt, his heirs, execu
tors administrators and assigns TO his and their own
forever
NynM-I constitute and appoint my son William II.
Vanderbilt and my grandson Cornelius, son OF the
said iiam H., and also, when he shall become OF
age my grandson illiann another son OF tho said
William H., aud also my before named nephew, Samuel
Barton executors of this my WAL and trustees OF the
several trust estates herclnbcfore created.
And should any OF tie said trustees refuse or be
unable such. resign their trustceshp, the
said trusts, together with the cgtates and powers
herenbciorc granted to The trustees shall vest in those
OF sad trustees who shall act And should any OF the
said trustees die the said trust estates, trusts and
powers shall vest IN the survivors anu the OF
them. But 1t Is my Will that no commissions or COM
pensation shall be charged to my estate or to any OF
the sad trust estates, to any OF the persons Tor
whose benefit the said trusts are created, ny said
ecuiors useea for their services as such executors
trustees, beng my intention that they shall
executors and without any com pcnsa.
tion whatever and they are scvcrully appointed on
that condition And should either o. them refuse TO
qualify and act or to continue to serve such
ecutor and trustee without compensation his appoint
ment herein contained shall be void and Of no eject
And should my nephew, Samuel Barton refuse to
act such executor and trustee without compensa-
'ion the bcquct TO his wife herenbefore contained
shall become void, ana the bonds bcqucathed to hor
shall revert to my rcsiduary estate.
1cnM-lt is my will that IN case any direction or
provision o: this my Will should be held illegal void
or fail 10 take effect Tor anv reason, no other part of
this my will snail be thereby invalidaed impaired
affected but This my VIII shall bo construed and take
effect IN the same manner as If the invalid direction
permission had not been contained therein. And
should any OF the cgaccs herein lapse the same shall
go TO my rcsiduary lcgatco before named.
Lls2y-l hereby revoke all wills and codicils by
a any lime heretofore made.
In witness whereof have set my hand and seal to
this my last viii. written twenty y-our pages of
paper at The city of New York. the ninth day OF Jan.
uary IN the year one thousand eight hundred and
The words .'Gvcn on the rst line of NTH page and
'thTcc IN the first line OF eighth page written over
erasurcs e. VANDERBILr S,a
Siypcd, sealed published and declared bWCvrnelius
Vanderbilt, the tcstator. MS and for hfs last viii
and testament, IN the presence OF us, who, at his
request, and III his presence, and in the presence
oi each other hereuuto subscribed our
names as witnesses.
FRANCIS +. FREEMAN,
No. 140 West Forty-ihird street, New York.
SIDNEY a. COREY
No. l22 East Thirty seventh street, Now York.
JOSEPH HARKER.
Everett House, New York.
CHARLES A.. EAPALLO,
No. II West Thiri y-lrsl street, New York.
CoDicIf.
J. CORNELIUS VAyDERBiLr, do make a codic 20 my
last Will aud lament which bears date the 9th day
January, 1875, ana is hereto anne xcd, as follows
First give and bcqucath unto my grandson, Cor
nelIus Vanderbilt Jr., son OF William H. Vanderbilt
all tue shares OF capital stock of the New York ana
Harosn Railroad Company which stand IN the
name OF my said grandson on the books o said con-