Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-10-02
JOHN W. GARRETT'S WILL.
How His Immense Estate IL Disposed Of
Ills Phiianthropic Bcauesis.

iBy telegraph to the DispJch.l -,
| BALTIMORE, October 1.-The VIII OF Ihs
! late john W. Garrett was filed IN Tue VT
/ phans' Court OF Baltimore county to-daf'
He divides among his two sons ana one
daughter and his sister his real estate ana
! personal property outside OF his raiiroad
| stock. Then these clauses follow
And upon further trust that nv si'd
| trustees shall, from stocks ana bonus ne
J longing TO my estate. select sucn Roou i1-
/ terest.bearing securities ~ SHAT amount 10
/ the sum OF 800, 600. or. in their option, IN
vest the sum OF 100000 in such manner
as TO produce yearly the sum OF $1,000.
which said sum ] desire sail be paid
yearly TO aid in improving the condition OF
the poor IN the city Of Baltimore. the
first pavment 10 b. made at the eXpra-
ton CT one wear from my death, and
TO continue thereafter in perpstuity, anI
as 1 have very favorable opinion OF tue
usefulness and effectiveness OF the present
organization or body corporate known a.
the Baltimore Association for the I'M
movement OF the Condition OF the Poor"
/ recommend my said trustees, 50 long rs
In their Judgment this charitable institli.
ton i efiicienlly-managed 10 give said SIM
OF 80, 900 10 said Association annually for The
purpose aforesaid and upon further tru>.
out OF the net income Of my estate 10 devote
the sum Of $50, 900 annually u such objects
Of benevolcnce. to educational purposes. TO
aid virtuous and struggling persons. and 10
such works Of public utility AZ are cllcu-
lated 10 promote the happiness. usefulness,
and progress OF society; SAID amount OF
$50. 900 per annum 10 be apportiOned 10
the furthcrancc OF such objects and to the ac-
comnlishmenls OF such ends in hciudgment
. lao. IL Ion nf l..
nv will. and so direct. that the contribu-
tons TO the purposes named in this clause
shall continue during the lifetime OF my
children, Robert Garrett. Thomas Harrison
Garrett. and Mary Elizabeth Garrett, and
Of The survivors and survivor of
them; that the same shall be continued
thereafter by their heirs, if the condition
Of the estate will then justify said apprO-
mialion. ! desire that the contributions
and assistance 10 be given under this clause
Of NY win shall. aS FAR as practicable, be
devoted TO the promotion OF the objects
herein named in the city OF Baltimore and
State OF MARYLAND. But in case OF special
suffering or distress in other communities
NY said trustees shall have power
TO use their discretion and judgment
IN relieving the same. rs in this clause OF
INV will dispose 81 certain shares OF St)cl.
oi the Baltimore and Ohio Railroad Com
plny, deem il proper to indicate the rca-
sons for making the disposition OF that
stock rs herein provided. While the
city q Baltimore hold. its large in
tert t in the stock Of that company,
and the Johns Hopkins University" fol-
lowing the advice and accommodation OF
lis founder. continue. 10 be proprietor III
such large proportion Of the company,
shares. and while the shares OF stock which
| boqueath 20 my trustees remain in their
hands or their successors. | feel confident
that these three large pr0prietorS.
cooperating with others alike Interested
INF the welfare and growth OF Baltimore. will
control the management OF the road in the
interests Of that city. / am, therefore, de-
SrouS that the said trustee, and their sue.
ccs>crS shall retain The ownership OF the
shares Of stock hereinafter mentioned in
order 10 aid in carryins ont the liue Of
policy which | believe has accomplished
great results, alike beneficial TO the city
OF baltimore and to the State OF Mary
land, rs well as TO many other state,
and communities which have been brought
by the Baltimore and Ohio railroad into
close business relations with the city Of
Baltimore. | believe the policy Of man.
aging this road 30 ~ To bring the greatest
benefits 10 that city has been a wise one for
the road and city. and also for the States
and communities reached by il and it, CO.
operating lines.
My children. who act a. my trustees, are
well acquainted with the lines OF policy
approve in connection with the Baltimore
and ONO railroad, whose Improvement and
development have constituted q large part
Of the work Of my life, and have conf
dcncc that in representing this stock they
will. rs Ear rs il /, In their power. cOOpe-
rate with other proprietor. OF capital VI the
comuany IN carrying out such policy. II
j.. therefore, my will. and | order and
direct that said trustees and their success
sors IN this trust shall. out OF my estate,
hold $4,000 shares Of the common stock
OF the Baltimore and Ohio Railroad Com
pany for twenty years after the date OF my
death, at which distribution and division
OF such stock. at the option Of the parties
interested. shall be made, A. follow'-naine-
": one third 10 my son Robert Garrett;
one third TO ny son ThOma, Harrison
Garrett. and one third TO my daughter
Mary Elizabeth Garrett. In the event
Of the death Of either Of my sons
or daughter, then the one third portion be-
longing or such son or daughter shall 20 to
niS OF ncG Hcif-. executors, di4iIluiHtido'lN -
or assigns, and during the said period Of
twenty years after the date OF my death,
while such stock j. so held by said trustees
and their successors. they shall pay the net
income therefrom to my said three chill
dren in equal parts during the lives Of my
said children, and after the death OF any OF
my said children then hi- or her share OF
said net income is 10 be paid to his or her
heirs.
subject TO these specific leglcieS aad
Gcyises the entire estate is equally divided
between his three children. These three
children are not only made trustees, bui
also executors Of bis will. It's understood
that the 10000 shares OF common stock Of
the Baltimore and Ohio Railroad Com any.
in reference 10 which preceding disposition
and direction are made and given. conSti-
tute the individual holding OF that stock by
the late John W. Garrett, and do not in
! clude the large holding Of tina, stock by the
| firm OF Robert Garrett & sons, which. ac-
cording TO an announcement which appears
| in the papers, Is now constituted OF Rob
! It Garrett and Thomas Harrison Garrett.