The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-10-02
JOHN ". GAERErr's WILL.
His Disposition of His Real and Per
sonaI Estate.

BALrIMoEE, October THE vii! OF
John w. Garrett was filed to-day. II
is dated Deer Park, August s, 1884, and
witnessed by Andrew Anderson. s.
Spencer and w. Townsend. He gives
I'd his sons, Robert and Thomas Harri-
son Garrett, and daugh ,er, Mary Eliza
beth Garrett, and the survivors or
survivor OF them and their heirs. all his
esta e, real and personal and mixed
subject To certain trusts. One Trusts
% provide 5000 annually for the relief
Of The poor OF Baltimore; another trust
Is that Out of the net income of nv
estate, to devote $4,000 annually
70 such objects of beneYolence,
20 educational purposes, to aid
Vlrtuous and struggling persons,
ana to such works Of public utility as
are calculated to promote the happiness,
usefulness and progress of society,"" As
IN this clause OF. my will l dispose of
certain shares of my stock of the Bal
Iinore 81 Ohio Railroad Company. I
deem it proper to indicate the reasons
for making the disposition of that stock
as herein provided. While the city of
Baltimore holds its large interest in the
stock OF that company, and John Hop
klns, of the University, following the
advice and recommendations of its
founder, continues to be the proprietor
of such large proportions of the COM
pany'S shares, and while the shares
of stock which / bequeath to my trus-
tees remain in their hands or their sue
cessors', l feel confident that these
three large proprietors, cooperating
with others alike interested in the wei
fare and growth of Baltimore will control
the management OF the road in the inter-
eStS OF that city. am, therefore, DESTROYS
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
the 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 Il Ohio rail-
road into close business relations with
the city of Baltimore. believe the policy
Of managing this road SO as to bring the
greatest benefits to that city has been q
wise one for the road and the city and
also for the States and communities
reached by it and its cooperating lines.
Ny children, who act as my trustees,
are well acquainted with the lines of
policy L approve in connection with
the Baltimore & Ohio railroad, whose
improvement and development have
constituted a large part of the work of
my life, and | have confidence that in
representing this stock they will, as far
rs it IS in their power, cooperate with
the other prOprietor5 of the capital in
carrying out such policy. 1t is, there
fore, my will, and l order and direct,
that said trustees and their successors
in this trust, shall, out of my estate,
hold 10000 shares OF the common stock
of the Baltimore & Ohio Railroad COM
pany for twenty years after the date of
my death, at which date q 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 8 net income therefrom TO
the said three children, who are not
only made trustees, but also executors
OF the will.
It IS understood that 10000 shares
OF the common stock of the
Baltimore g. Ohio Railroad company
i'll reference to which directions are
given, constitute the individual holding
of that stock by the late John w. Gar
rett, and do not include the large hold
ings OF that stock by the firm Of Robert
Garrett & Sons, which, according to the
announcements in the papers, is now
constituted of Robert Garrett and
Thomas Harrison Garrett.