National Republican., 1882-04-08
C. j. VANDERBILT,S WILL.
How He Disposed OF His PrOperiy-JIr.
George n. Terry Gets u Zig share OF IL.

The last will aud testament of the late Cor
nelius ]. Vanderbilt was read Wednesday
night by his counsel Messrs. L. c. and q. b. Ashley
to the family executors and principal legatces
Of the deceased gentleman, The first reading
Of the will was at the house of Mrs. Daniel
b. Allen, No G32 Fifth avenue. Aftcrward 1t was
rcrcad in the library Of Mr., william H. Nunderbilts
new residence, Fifth avenue aud Fifty-irst street
Judge L. o. Perrin, George n. Terry, Edward d.
I.uXton, Samuel 7. Colt, William II. Vanderbilt,
Colonel Vanderbilt Allen Harry Allen, Lucius C.
Ashley, George B. Ashley, Mrs william X. Thorn,
Mrs Ethelinda V. Allen, Mrs. Eliza OgSood, Mrs
Sophia ]. Torrance Mrs. Phoebe Vanderbilt, Mrs.
Brltton. and Mrs. s. p. Golf were present while
the document was being read. When 1t was con-
cluded counsel inquired IL there was any objeo
tion to any of its provisions or to It as Il whole
None were made. II disposCs Of property to the
amount of about $4,000. Mr. Vanderbilt faith.
fully kept his promise that no one bearing that
familiar name should profit penny by his death.
By the first provision OF the will
$4,000 is DEQuEATHED
TO Mrs. Annie Allen Wallace, wife Of Mr. John
Wallace, and daughter Of the dcceased's sis
ter, Mrs Daniel b. Allen. Mrs. Lillian La Bau
Blois another niece, daughter of Mrs. Mary Alicia
La Bau Berger, is given $4,000. One thou.
sand dollars is presented to each of his sisters
Mrs. Emily a. Thorn, Mrs. e. V. Allen, Mrs. Sophia
Torrance MIS- Eliza Osgood and Mrs Mary Alicia
la Ram Bergerwit6 the reaest that the% Use II TO-
purchase some memcnto of their brother. Mr..
jerome b. Morse ofIaTytown. y. W the husband
Theodore DeWolf Colt, of Bristol, Il. L., f lend
and close companion OF Mr., Vanderbilts late wife,
is presented with 5000, and the sum Of $4,000 is
wlllcd to her husband, Mr., Samuel r. Colt, whom
the clause describes rs "ny much cteemed aud
trustworthy friondp The seventh clause gives to
George n Terry, Of New York, my faithful friend
and companion for years,
LEGACY OF $4,000,
and hereby will and direct that said legacy OF
$4,000 shall be paid the said George n. Terry in
fun before any other legacies bequests or devises
part; the said legacy of Sl200OO In no event. and
on no account TO suffer or. be subjected to any
! yntc secretary, Major Edward ID, LuXton, of New
| York, Nj. Vanderbilt gives $4,000. A trust fund
of $4,000 is LEFT to samuel p Colt aud Major Il, D.
LuxtOn, rs trustees, with lnll powers to invest and
control its increase The trustees are di-
rectcd 10 pay to George n. Terry during his
life. time the income Of this fund and at his death
they are directed TO turn over the fund to whom
Mr.. Tcrry's will shall designate. In case he dies
without having made such provision, MCsTs. Colt
aud LuEtOn nTc TO continue TO hold the fund, pay
ing its income to Mr. Nelson Terry, inthcroi George
y. Terry and upon the decOHse Of Nelson Terry
the fund and iis aCcumuations, II 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 neces
OF George n. Terry.
TuE ENTIRE RESIDUE
OF Mr., Nanderbilts estate Is left to Mr. George n,
Tory. The amount Of this remainder is not con.
sdered by persons acquainted with Mr.. Wander
biltS affairs TO be much over 100000, if IL should
be even so lUge, The will then recites that in a
deed on trust fund from william II. Vanderbilt "a
| Edwin D. Worcester, dated May II, 1879, there /,
| contained certain clause empowering Cornelius
| j. Vanderbilt to dispose by will of the principal
| ana unpaid interest or dividend Of the trus
| fund created by that deed, and directing thai
the same be paid over as directed by tha
! will. Upon this authority the will directs tha
| this trust fund be paid TO his executors, and by
| them used to carry out the bequeSts Of his will
desiring them to convert all the fund into money
| for that purpose. A clause in the will provides
by II shall be placed under any bond whatever
The names of George j. Ashley, John W. Sheddin
document as witnesses. October D. 1851 is tn,
date It bears Samuel =. Colt, George ~ Terry
and Edward d, LuNtOn are named us the exeCu
tors of the will.