The New York herald., 1877-01-09
The Colossal Fortune of the Dead
Railroad King.
William H. Vanderbilt the Prin-
cipal Legatee.
Hall Million Apiscs ia Five Daughters and llbsrl
Provision ur The Widow.
AN ASYLUM FOR DISABLED EMPLOYEES.


opened yesterday at the residence OF his daugh
ter, Mrs w. X. Thornc, No l3 West sixteenth
street. tho presence OF all the children OF the de
ceased, except two, who are abroad, and other mem
bcrs OF his Immediate family, some OF whom, however
were prevented from beng present by attending th'
funeral OF the late Cemmodorcs sister Staten Island
Judge Rapao, who drew the will, and the other two
witnesses, Edwin d. Worcester, of Albany, and s
Dcrckson, of this city, also present. The will
was read by Judge Rapao, after which Mr.. Henry L.
Clinton, counsel for the executors repaired to tho Sur
royatcs oflcc In company with William II. Vanderbilt
tho rosduay cgatee and presented the usual petition
for tho probate OF the will The law requires citations
TO bc issued to the next of II they the
for eight days, they in the state for fifteen days
and 1. they are out OF the State for six weeks. Two
OF the late Commodorcs daughters. Mrs. Horace f.
Clark and Mrs LaGtto being in Europe, citation must
be issued for six weeks, returnable February 27
whcn-is no legal contestants appear--thc Will will be
admitted 10 probate 1t will be observed that the bulk
of the esatethc greatest ever bequeathcd IN this
country-is LEFT TO the Commodore's eldest son, Will
lam II. Vanderbilt. who is appointed sole resduary
lesatee that tho widow receives nalf million and the
Washington place residence that the Com modores five
daugh,ors--Mrs. Cross, Mrs. Thorn, Mrs Clark, Mrs.
Torrance and Mrs La Ban $780, 900 each; his
daughter, Mrs. Allen, the income OF 100000; his
daughter, Mrs. Osgood, tho income Of $30O,000; his
daughter Mrs Lattc the income OF $500 600, and his
son, Cornelius j. the income OF S200o Then there
are numerous minor bcquests -cativos others.
His brother, Jacob II. Vanderbilt, gets $50.00o after
which follow smaller bequests nieccs, nephews &c
DR.. Deems his pastor, is remembered with Sc, 900,
and DR.. Linsy, his physician, with $40 900.
In a codicl he leaves his grandson, Cornelius Van
derbt 20 1896 shares Of Harlem and 3l,65o shares Of
Central and Hudson River; his grandson william r..
Vanderbilt, 90 900 shares OF Central; his grandson
Frederick Vanderbilt 20 900 shares OF Central; his
grandson George Vanderbilt 20 900 shares OF Central,
and his wife 900 shares OF Central The par value OF
these shares is 1o0 that the eldest OF Cornelius
H. receives about five and half millions and the other
three millions each Qacc vaucl The will IS
dated January 0, 1885, and the codcil June So 1875.
The whole amount Of property covered by the Will Is
estimated between $50 100000 and S1oO, 600 600
William H. vapderbt the Ccmmodore's son, and
his grandsons Cornelius and William hc latter act
becoming of agcl, as well as the Commodore s
nephew, Samuel Barton, appointed executors Of
the will.
l. CORNELIUS VANDERBILT. OF the city OF New York.
do make and publish my last will and testament as
follows
Eirst--I direct my executors, Immediately after my
dcccase, TO pay to my beloved WIFE, Frank A. Wander
bt the Of 5000 O00 ~ bonds Of the United States
Of America Of the live per oaD under the of
Congress approved March 3, 1854 commonly known
us teniorty bonds, at par in performance OF the ante
nuptia contract made by ana between and the SAID
Frank A., bearing date the 10th day OF August 1863.
whereby agreed that II she should survive me as my
widow my executors or administrators should imme
diaely after my death pay to her $500 900 the first
mortgage bonds OF the New York and Harlem Railroad
Company at par, ana she agreed to waive and
all right, title and interest and 10 my personal
estate except such sum Of $500 0U0 of bonds This
direction bequest Is condition that my said wife
accept the same as performance oil my part OF
ante e-nuptial contract and III lieu OF dover IN any and
all real estate OF when may have been seized at any
time during my marriage with her, and of all CLAIM
upon or share III the personal estate OF which may
dle possessed, except as hereinafter expressly be.
qucaihed TO her
/ also give devise and bequeath to my said wife,
Frank A., the house and lot No. 10 Washington place
IN the city OF New York, with the appurtenanccs, and
also the stauafy therein contained, Tor and during
her natural lie. also give and Dcqueatf tO her,
absolutely, al the furniture. pictures and other
household articles which may DO In appur-
tenant 10 snid house at the time oi my decease in
Guiding books, musical instruments, plate and all
other chatcs OF that KIND but excepting the portraits
oil my mother and my deceased wife, which two por-
traits | give 30 my GRANDSON Cornelius Vanderbilt,
Jr., son OF my son William H.. and upon the dcccase
OF my SAID wife give, devise aud bcqucath the said
statuary TO my said grandson Cornelius and the said
house and lot to my said son William H., in Ice
also give and bequeath 10 my said wife two
rages and one par oil carriage horses ard the harness
nppurenant thereto to be selected By her from those
may own at the time OF my decoasr.
sSecOnd-l give and bcqueath unto my five daugh-
ters--Phebe Jane, wife Of James NJ. Cross; Emily,
wife of William X. Thorn; Mara Louise, widow oi
Horace \. Clak deceased Sophia, OF Daniel Tor.
renee, and Mary Alicia, widow o, n Bergassc La Bau,
deccased-or their own use 81 $50 900 oi the regis
tered bonds OF the Lake Shore and Michigan sou hern
Railway Company, OF So 900 each, dated December l.
1878 payable December |, 1908 beng part OF
OF not exceeding $50 O0o, COO secured by mortgage
on the railroad OF SAID company TO the Union Trust
Company Of New York, dated October 10, 1885, also,
81, 900 OF the consolidated mortgage bonds
Of the New YORK and Harlem Railroad
year 1900, with interest semannually at seven per
cent per annum, and secured by n mortgage on The
railroad OF SAID company to the Union Trust Company
OF New York. daicd the lst of May, the year 1872
making together 81 500, 900 OF bonds whicn direct
be divided by my executors among my tive daughters
before named IN equal shares, rs soon as can
venicntly bc done after my deccasc
4hrdl give ahd bequcath unto the trustees herein
after appointed : 400 900 OF the cn-lorty of
the Unned states OF America OF the live per cent loan,
dcscri bed in the first clause OF this WILL IN
the uses and purposes hereinafter set form. VIZ -
In trust to set apart AID hold sIOO 600 oil siid bonds
and the interest thereon accrnes pay the
same TO my daughter, Mrs Ethelinda Allen vile
OF Daniel b. Allen, Tor and during her natural HE,
Ing VIII that she shall not have POWER to anticipate
such income nor 10 transfer or dispose vi her right
receive the same or any part thereof And upon the
dccease OF my said daughter Ethclinda give aud be.
Gueath tue last mcDt toned 800 0OO OF bonds unto
children who may survive her and the lawful OF
any OF her children who may have dcd before her,
such issue 10 take the share or shares which their
parent or parents would have taken u living. and in
deanlt OF her leaving any lawful issue her surviving,
give and bcqucath the last mentioned bonds, alter
her dcceasc, to my resduary Iegatce, hereinafter
named.
The said trustees hereby directed to set apart
out Of the bonds IN ths clause bcqucathcd to
them, the further sum OF 100000 OF such
bonds, and hold the trust 10
receive the interest thereon, aud pay the same
over as IT and is received by them, unto my
daughter Ars. Eliza OsgOod, wc o George A. Osgood,
ior aud during her natural life, upon her separate
ceipt and Tor her separate use. IL being my wall that
Abe shall not have power To anticipate such income
ransier dispose Of her right TO receive the same
any part thereof
Upon the deccasc Of my said daughter Eliza give
ana bcqueath tho last mentioned $500, 600 bonds
unto my residuary cgaiec
The said trustees arc hereby directed TO set apart
out OF the bonds IN this clause bequcathed to them
the further OF $500 COO OF such bonds and TO hold
the same in receive the interest thereon aud
pay the same over II accrues and is received by
Them unto my daughter Mrs. Catharlnc Latte, wlo
OF Gustayc Lahitc. Tor aud during bcr natural LIE,
upon her separate receipt aud Tor her separate
IL being my viii that she shall not have power 10
cpate such income nor 10 transfer or dispose OF her
right 10 receive the same or any part thereof.
Upon the decease OF my said daughter Caharinc, II
she shall leave children her surviving drcct that the
nl.t I.s.t. "A. fAH hN GIt