Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1882-04-21
U.J. VANDERBILT'S WILL.
How he Disposed OF His Property Mr.
George n. Terry Gets n big
share of 1t.

The last will and testament of the
late Cornelius j. Vanderbilt was read
Wednesday night by his counsel, L. c.
and G. B. Ashley, TO the family, exec
utors, and principal legatees of the de
ceased gentleman. The first reading
of the will was at the house of Mrs.
Daniel B. Allen, Nc. $50 Fifth avenue.
Afterward it was reread in the library
of Mr.. William III. Nanderbilt's new
residence, Fifth avenue and Fifty-frst
street. Judge f. o. Perrin, George n.
Terry, Edward d. Luxton, Samuel p.
Colt, William H. Vanderbilt, Colonel
Vanderbilt Allen, Harry Allen, Lucius
c. Ashley, George B. Ashley, Mrs. Will
liam K. Thorn, Mrs. Ethelinda V. AL
len, Mrs. Eliza Osgood, Mrs. Sophia ].
Torrance, Mrs. Phoeba Vanderbilt, Mrs.
Britton, and Mrs. 5. P. Colt were pres
ent while the document was being
read.
When IL was concluded counsel in
quired if there vas any objection to
any of its provisions or to it as whole.
None were made. 1t disposes of prop
erty to the amount of about $500, 900
Mr.. Vanderbilt faithfully kept mis- prom
ise that no one bearing that familiar
name should profit a penny by his
death.
By the first provision Of the will
$4,000 is bequeathed to Mrs. Annie
Allen Wallace, wife of Mr.. John Wal
lace, and daughter of the deceased's
sister, Mrs. Daniel B. Allen. Mrs. Lii
liam La Baa Blois, another niece, ,daugh-
ter of Mrs. Mary Alicia La Bau Berger,
is given $50 1000. One thousand dollars
is presented to each of his sisters
Mrs. Emily A. Thorn, Mrs. E.V. Allen,
Mrs. Sophia Torrance, Mrs. Eliza 0s-
good, and Mrs. Mary Alicia La Bau
Berger-with the request that they use
it to purchase some memento of their
brother.
Mr.. Jerome B. Morse, of Tarrytown,
n. Y, the husband of his niece Sophia,
is bequeathed $4,000 Mrs. Theodore
DeWolf Colt, of Bristol, r. l., friend
and close companion of Mr.. Wander
bilt's late wife, is presented with 81 900,
and the sum of $4,000 is presented to
her husband, Mr.. Samuel P.Colt, whom
the clause describes as ''my much es-
teemed and trustworthy friend" The
seventh clause gives ito George n.
Terry, of New York, my faithful friend
and companion for years, legacy of
$120,000, and hereby will and direct
that said legacy of $4,000 shall be
paid the said George n. Terry in full
before any other legacies, bequests, or
devises whatsoever under my will are
paid in full or in part; the said legacy
of $120,000 in no event. and on no ac-
count to suffer or be subjected to any
abatement or diminution whatever"
To his private secretary, Major Ed
ward ID. Luxton, of New York, Mr..
Vanderbilt gives $4,000. A trust fund
of $4,000 is left to Samuel P. Colt and
Major E. ID. Luxton, as trustees, with
full powers to invest and control its in
crease.
The trustees are directed to pay to
George n. Terry during his lifetime
the income of this fuxd, and at his
death they are directed to turn over the
fund to whom Mr.. T'erry's will shall
designate. In case he dies without
having made such provision, Messrs.
Colt and Luxton are to continue to
hold the fund, paying Its income to Mr..
Nelson Terry, father of Geo. N. Terry,
and upon the decease of Nelson Terry
the fund and its accumulations, if such
exist, are to be equally divided between
Mrs. Elizabeth Gregory and her two
daughters, Mrs. Lucy Phillips and Mrs.
Josephine Shepard, the sister and nieces
of George n. Terry.
The entire residue of Mr. Wander
bilt's estate is left to Mr.. George n.
Terry. The amount of this remainder
is not considered by persons acquaint-
ed with MIR. Vanderbilt's affairs to be
much over 100000, if it should be
even so large.
The will then recites that in deed
or trust fund from William II. Wander
bilt to Edwin d. Worcester, dated May
II, 1879, there is contained certain
clause empowering Cornelius ]. Van
derbiit TO dispose by will Of the princi-
pal and unpaid interest or dividend of
the trust fund created by that deed and
directing that the same be paid over as
directed by that will. Upon this au-
thority the will directs that this trust
fund be paid TO his executors, and by
them used to carry out the requests of
his will, desiring them to convert all
the fund into money for that purpose.
A clause in the will provides that nei-
ther the administrators nor trustees
created by it shall be placed under any
bond whatever.
The names of George b. Ashley,
John w. Speddin, and Robert F. Wier,
M. d., are attached to the document as
witnesses. October %, 1881, is the date
it bears. Samuel P. Colt, George n.
Terry and Edward ID. Luxton are