, 1879-01-09
II. II. TAYLOR'S WILL.
Condition Of the Estate--'How It
Has Grown.
H.. Home d! The Fri.ndless 1sill lppe1l..,.i
rsss|ble Compromise.

etract OF tic important decision Of tic Appci-
late Court In the caso OF the will Of II. II. fny-
1or,-n declsirn hy which that provision nf tho
will putting 1nrgc portion Ut his prnpcrty In
the hauls of eight trustees. Ohio lsctf by them
IN founding some charity, with remainder, Ia
case Of fnEfuse OIL their part 10 do 60, to the
Home Of tho Frioudle.s, was declared 10 be
void for uncertainty, and by which the money
was declared to belong to tho heir. Mr. Fay'
1or who died In tho summor OF 18Th
nppantcd IN his wilt Atca*rs. III. f.
Eamcs, II. ". King, and Albert Keep cx-
ecutors md trustees for certain purposes,
frat TO pay all of the debts md administer the
estate; seenul, 10 par certain lcgac!cs, etc, and
then to t,,su over tho remainder Of the estate II
tho eight trustees, to whom was tcft the
designation Of eo,ns c!nrl.y. Tho three tx
sc,1tors aul trustees l,al, by the viii, power to
convert Into money 1Hy securities left by thu
.lrcrascd. such as stocks, Eerip, bonls, etc.. nnd
TO invest and rr!nyesl tho proceeds according TO
their Judgment and what they cs1s,erfvet to be
the best Interests Of the estate. The following
facts as to
THE CONDITION OF THE ESTATE
were obtained frou, Mr.W. 8. Young, who Is tho
attorney for the rxec,lthrs, At tie tfmc III Mr.
Taylors death tho estate consisted Of realty anil
personal prorerty To the Amonn. 1t 210a, ,'H}f.t4.
After tho laIsc of twn years tlIls hail Increased
tn ac,uoI raitc, owing to the appreciation Of
stocks and Dou.ls, nbont BIN. .42s Tie excc,l-
tors have rendered three accounts IN the Pro-
bate Court, aud llayc cisarged themselves ~ fol-
lows: In the first accotlnt the tutal Item of
receipts arnounscd to sl67,7SG, In tho sec
oud to S2ta5,l25s nnd In tho third to
e,',"". M" m ...,. . ..s,oa,, .s'.".... ae..
they charge themselves WIN pefsonal protersy
IN kind amounting to s9W, ,h'S, making \ total
of 500, ,5G4, - nboye given. They l1avo paid
nut i,nripe t],e three ycura $3tDGGs, or this
tho w,dn,y hos received a. her nf,arc so3t .o.,7'
.s "o ".o ss- @ nv, ,,st, ~ m",. ~ ,v,s,'s.,..
claims against the estate. anu various other cx-
penscs. The Innusolcum cost s1a,so0 and the
EXECUTORS hare charged for t!le.r services
sso ,n, rhl. ,car:, m han,. ssso, M, IN
eo"'7u. '"'s 'e"es =" .''" V'o''ooV -
securities, most ot ~hch ara worm
,norc thnn tllntr facc,-S1f.fU 80 per
cent md 1850 TO ner eent,-arl y Is
thls sim, ts4s0.s3 plus SI2o ,la5} nyer which le
Eal contention has bccu EuihG Oh for spInG time,
tNc question being whether It shalt 90 to tho
hair, tho f}omc of tile fricn51csf, or to sonic
uncertain charity: These figures show that tho
ulmtnstratfon Ut the csthtu hns Dern exceptions
nlIy rood, for ii IL very raro that. during three
,tars, mn estnte tncrcases Is per rent In valuc.
About tho l9th ot August Of last year the
shnn s IN ns a5o1s Soss Gos, 4 1s ss
III their hands as trustees, which account has
nut yet beon approved the object Of dclny la-
tng 70 await the dcclt!on OF tue Appe}lnta Court
which was rendered dny before, yesterday. Tho
decision Of tho, Court docs not altccs
tho executors OF the estate IN my man.
ner, with tho exception TINT .,thcy Will
pro3abIv be Called On to account to tho guarinn
IT Hobart Cllat'!eld TAYLOR, instead OF retain.
ifg the nbove balAuec rs trustees, aud account
Inc for tt hereafter to the eight trustees inr
charitable purposes. The executors will mt
appeal, because tI'ey nre not interested, nna, Of
HOME or fMu rn1ExpIEss.
A reporter called on Charles Hitchcock, who.
With David Fields, represented the Home Of
was likely to Gc done I'll the future. .
"Thc vii, said lie, "AcFjsxa tho sesld,1A @ (,
tho entire estate amounting u aboat sGO0, ,0o0,
10 eight trustees to TO used by them In cnhow.
iug charitable Or otter lnstitutiun In the CITY
ut Chicago, but, should they bc unwilling to
establish flrh institustpn, they aro to pay tho
money over to tho Homu of tho Frlendlcss
There wcro two qucst'ona In tho caso; Whether
upon tho trustees tn establish so,uo other than
fe;iduS went e thc hei, 4 q ! 10 ~ liome d .ho
noney pad over to him upon M tho q sronn,i I tat i
tic viii was utterly void, anl the Hons OF
nc fr'cAtlless Med cross oill that
.ho money should 20 paid ID them
Il the will should be held vuid.
Judge Williams supported thu will III toto hy
hts decree. The Appellate Court rayelses hts
DECISION upon tho Eruu1hl TINT the provision
giving the estate to tho trustees Ia void o. un-
certain, indefinite. unt1 vugue mud DEGREES that
tho property shall 20 to the heir. Tho caao Will
70 buck 10 JuuEc Williams for q decree 1t, cul,-
lorn,ity with this opinion, unta ultimately to tho
Sapre,ie Court, unlv5s there b. o conlpru-
1n,se."
"Aro negotiations on foot to thnt end d"
"Thcru were negotiations pondtn1 three or
four weeks ago for compromise, nnu tho rcla-
tisea nHtl attorney for tho llcir tAtr. Jewctt)
indicated what thvy wcro willing to NJ
e''pt, and the Home OF the Friend
less very much desired to bring
about Il" coInprom!se. Tho proposition
wns one ~ which tho llone would have re l,zed
. very larg9 sun! of money. The other sllo.
however. declined to entertain 1t, aud tho move
IncMt fell through Whether aIy co,Aprolulso
Tan now bu Nude Ia questionable"
THE rnvsrEks
have Ind no meeting. theFu being III reality
nothing 1or thcm u do. Thu shree executors
n0W in charge Of tho cstatp ara ready to turn
!he PROPERTY over to inc trustees, or tho boy,
but cannot dv ~ % long "a litigation