The Indianapolis journal., 1884-10-02
JOHN W. GARRETT'S WILL.
Munfcent BeQuests for Purposes of BeneyO-
lence-IIis Stock in the B. & 0. Railway.

BALTIMORE, Oct. 1.-The will of John W.
Garrett was filed to-day. 1t is dated Deer Park,
Aug g. 1884 and is witnessed by Andrew An
derson Spencer and w S. Townsend. He gives
his sons, Robert and Thomas Harrison Garrett
and his daughter, Mary Elizabeth Garrett, and
the survivors or survivor of them and their
heirs, all his estate, real, personal and mixed,
subject to certain trusts. One trust is to pro-
vide S., 900 annually for relief of the poor of
Baltimore; another trust is that ''out of the net
income of my estate l devote $4,000 annually
to such object of benevoence to educational
purposes, to the aid of virtuous struggling per-
sons, and to such work of public utility as are
calculated to promote the happiness, usefulness
and progress of society" The will continues:
As in this clause of my will 1 dispose of certain
shares of my stock of the Baltimore & Ohio Railroad
Company deem it proper to indicate my for
making disposition of that stock herein provided.
While the city of Baltimore holds its large interest in
the stock of that company, and the Johns Hopkins
University following the advice and recommendations
of its founder continues to be the proprietor of such
a large proportion of the companys shares and while
the shares of the stock which beoueath to my
trustees remain in their hands their
cessors, feel confident these three large
propretors cooperating with others alike interested
in the welfare and growth of Baltimore, will control
the management of the road in the interests of that
city am therefore, desrous that said trustees and
their successors shall retain the ownership of the
shares of stock hereinafter mentioned in order to
aid in carrying out the line of policy which believe
has accomplished great results. alike beneficial to the
city of Baltimore and to the State of Maryland,
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 Baltimore
l believe the policy of managing this road as
to bring the greatest benefits to that city have been
wise for the road and the city and also for the States
and communities reached by it and its cooperating
lines. My children, who act my trustees are well
acauainten with the lines of policy | approve in
nection with the B. & o. road, whose Improvement
and development have consumed a large part of the
work of my life and have confidence that, in repre-
sentng this stock they will, as far it is in
their power, cooperate with the other propri
etors of the capital of the company in carrying out
such policy 1t is therefore, my will and order and
direct that said trustees and their successors in this
trust shall out of my estate hold 30 900 shares of
the common stock of the Baltimore g. Ohio Railroad
which date the distribution and division of such stock
at the option of parties interested shall be made in
equal parts to the children before named their
heirs During said period of twenty years after my
death while such stock is held by the trustees ARD
their successors they shall the net income ther
from to said three children, who are not only made
trustees but also executors of this will.
1t is understood that the 10000 shares of the
common stock of the B. & O. company, in
reference to which these directions are given,
constitutes the individual stock held by the late
John W. Garrett, and do not include the large
holdings of that stock by the firm of Robert
Garrett & Sons, which, according to the an
nouncement in the papers, is now constituted of
Robert Garrett and Thomas Harrison Garrett.