Helena weekly herald. [volume] (Helena, Mont.) 1867-1900, 1884-10-09
The Will of John w. Garrett.

BALTIMORE. Md, October 1.-The will
of the late John w. Garrett filed to-day is
dated Deer Park, Md, August 8, 1884, and
witnessed by Andrew Anderson, S. S. Spen-
Ger, and W. S. Townsend. He gives to his
sons Robert and Thomas Harrison Garrett,
and daughter Mary Elizabeth Garrett, or
survivors of them and their heirs, all of his
estate, real, personal and mixed, sub
ject to certain trusts. One trust is to
provide $4,000 dollars annually for the re-
lief of the poor of Baltimore. Another
trust is that out of the net income of the
estate to devote $4,000 annually to such
objects of benevolence, to educational pur-
poses, to aid virtuous and struggling per-
sons, and to such works of public utility as
are calculated to promote happiness, use
fullness and progress of society. AS in this
clause of my will 1 dispose of certain
shares of my stock in the Baltimore and
Ohio railroad company, deem it proper to
indicate my reasons for making such dis
position of that stock as is herein provid-
ed: While the city of Baltimore held its
large interest in the stock of that company,
and the John Hopkins University, follow
ing the advice and Recommendations Of its
founder, continues to be the proprietor of
such large proportion of the company's
shares, and while the shares of stock which
/ bequeath to my trustees remain in their
hands, or their successors, l feel confident
that these three large proprietors, co-operat-
ing with others alike interested in the well
fare and growth of Baltimore, will
control the management Of the
road in the interests of that city.
I am therefore desirous that said trustees
and their successors shall retain the owner
ship of the shares of stock herinafter men
toned in order to aid in carrying out the
line of policy which l believe has accom-
plished great results, alike beneficial. to
the city of Baltimore and the State of
Maryland, as well as to many other States
and communities which have been brought
by the Baltimore & Ohio railroad into close
business relations with the city of Balti-
more. / belief the policy of managing
this road so as to bring the greatest bene-
fits to that city has been a wise one for the
road and city and also for the States and
communities reached by it and its CO.
operating lines. My children, who act as
my trustees, are well acquainted with the
with the Baltimore & Ohio railroad whose
lupIONclucuC duu uO'OAophiChI hoNO Coh
stituted a large part of the work of my
life, and have confidence that in repre-
senting this stock they WILL as far as it is
in their power, cooperate with the other
proprietors of the capital of the COM
pany in carrying out such policy.
1t is therefore my will, and l order and
direct that said trustees and their success
sors in this trust shall, out of my estate
hold thirty thousand shares Of common
stock of the Baltimore & Ohio Railroad
Company for twenty years after the date
of my death, at which date the distribution
and division of such stock, at the option of
the parties interested. shall be made in
equal parts to the children before named as
heirs During the said period of twenty
years after the date of my death, while
such stock is so held by the trustees and
their successors, they shall pay the net in
come therefrom to said three children, who
are not only made trustees but also execu-
tors of my will.
1t is understood that the 10000 shares of
common stock of the Baltimore 4 Ohio
Railroad Company, in reference to which
directions are given, constitute the indi-
vidual holding of that stock by the late
John w. Garrett, and does not include the
large holdings Of that stock by the firm of
Robert Garrett & Sons which, according to
announcements in the papers, is now con-
stituted Of Robert Garrett and Thomas
Harrison Garrett