St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-13
SLICED HIS MILLIONS.
Contrary to General Expectation, Wander
bilt Divides His Great Property
Pretty Equally.
Each of His Eight Children Gets s1O,00O,-
600 in Bonds Besides Houses and
Other Real Estate.
Res1dence--About a Million Dol
lars Left for Charity
cornelius and William K. Get the Res
1due, Large Part in Railroad
Property.
VanderbiIt.S wiII

VanderbiIt's Will.
NEW YORK, Dec. 12.-Mr. Vanderbilts
Will, winch was filed to-day. bequeaths
SlO, O,OO0, 600 to each of his eight children.
Nearly S1, 900, 900 is given to charitable in
stltutlons, and the remainder of the fortune
is divided equally between Cornelius and
William K. The will directs that all the
| railroad stocks shall he held in bulk and
| administered for the best interests of all,
and that none of them shall be disposed of
without the consent of all concerned. Mr..
| Chauncey M. Depew and Mr.. Henry An
derson are constituted administrators of the
will. He gives to his wife, during her
I natural life. the dwelling house in which he
| resided, three lots of land on Madison
avenue and Fifty-second street, together
with the stables and implements thereon
erected; also all the paintings, pictures,
| statuary and works of art which he owned
at the time of his decease, except the por-
trait and marble bust of his father, which
is bequeathed to Cornelius He also gives
her all the furniture of every description,
including plate, silver, library, ornaments,
musical instruments and other articles of
household use, and all the horses, carriages,
| vehicles, harness. stable furniture and i'm
plements which he had on hand at the time
OF his decease; also an annuity of 5000, 600
per annum during her natural life, to be
computed from the time of his decease and
paid to her in equal quarterly payments
thereafter, and directs that sum sufficient
| to produce such annuity be set apart and at
all times safely invested by his executors.
| He gives to
ELS DAUGHTERS
the houses in which they reside. He gives
ft.n4 -xzl t.Ne
of the United States of America, bearing
| interest at the rate of per cent. per an
mum; SIS, 600. 900 of second mortgage bonds
| of the Lake Shore & Michigan Southern
| Railway company; $780, 900 of the first
mortgage bonds of the last-named company;
So, 100000 of the sinking-fund bonds Of
the Chicago & Northwestern Railway COM
pany: So. 600. 900 of the snking-fund bonds
| of the last-named company; 5000, 600 of the
| general consolidated sinking-fu fund bonds of
the last-named company; 81, 900. 900 of the
mortgage bonds of the New York Central
| Railroad company, and 1000, 900 of the
| mortgage bonds of the New York & Har-
| lem Railroad company, making the aggre<
gate $40, ,000, 600, these securities at pal
| in trust, to divide the same into eight equa
| parcels of 5000, 900 each, and each of said
| parcels to contain an equal amount, and
| each of his children to have one.
| He directs that should he not have enough
of these bonds at death the deficiency b<
| supplied from any other bonds in his pos
session. He devises $40, 900, 900 more il
the same manner to his children of othel
bonds and stocks under the same condi-
] tions. Cornelius is given So, 000. 900 in adj
/ dition to the above. After Mrs. Wander
bits death the family residence goes to
| George W., together with the furniture,
pictures and other property therein con-
tained. In case of George WIS death,
| Cornelius son, William H., is to inherit
the above property. William FL. is also
| given $2,000,0OO, S1,00O,0 in case
| George W. dies and the former attains the
AGE OF 80 YEARS,
the income to be applied to his use in the
| meantime, and $1,000, 900 in a lump when
| he reaches the age referred to. His grand
son, Cornelius, is made the next heir in
| line for the family residence, he receiving
| 1000, 900 besides. The object of making
| so specific statement of the heirs to the
home property is stated to be that the resi-
dence and collection of works of art may
| be retained and maintained by male de-
| scendant bearing the name of Vanderbilt.
Distant relatives get annuities of from
| $1,000 to 5000. Vanderbilt University
| gets $4,000 in bonds. Sections 21, %
| and 90 read as follows:
Twenty-frst-I give and bequeath to the
following-named societies and Incorporated
| bodies organized under the laws of the state
| of New York, the sums hereinafter specified,
| viz: To the Domestic and Foreign Mission
| ary society of the Primitive Episcopal church
| of the United States Of America, 100000 for
domestic purposes; to St. Luke's hospital, in
| corporated in the year 1850, $100,000; to the
| Young Mems Christian association of the city
| of New York, S100,000; to the General Theo-
| logical seminary of the Primitive Episcopal
| church Of the city of New York, $50, 009; to
the New York Bible and Common Prayerbook
| society, whereof the bishop is president, S5O,-
| 900; to the Home for Incurables, incorpor-
| ated in 1S45, $4,000; to the Protestant Epis-
copal Church Missionary Society for Seamen
| in the city and port of New York, $50, 900; to
| the New York Home for Incorporate men,
| 50,000; to the New York Protestant Episco-
| pal Mission society of the city of New York,
| $100,000: to the Metropolitan Museum of Art,
| incorporated April I3, 1870 $1,000 900: to the
| American Museum of Natural History in the
| city of New York, $4,000; to the Moravian
| church in New Dorp Lane, Staten Island, Or
ganized under the name of the United Breth-
| ren's church, 100000.
TO CORNELIUS AND WILLIAM K.
Twenty-second-AlI the rest. residue and
remainder of all the property and estate,
real, personal and mixed. of every descr1p-
| ton and wheresoever situated, of which I
may be possessed or to which may be enti-
| titled at the time of my demise, I give, devise
| and bequeath unto my two sons, Cornelius
| Vanderbilt and William K. Vanderbilt, in
| equal shares and to their heirs and assigns
for their use forever.
| Twenty-third-I constitute and appoint my
| wife, Maria Louisa, and my sons, Cornelius,
| William K, Frederick W. and George W.. the
| survivors of the executriX and executors OK
| this, my will, and trustees of the several
| trust funds hereinbefore mentioned and ere
| ated provided, however, and this appoint
ment is subject to this exception, that neither
| of my said sons shall be trustee of the fund
| hereinbefore directed to be set apart and held
| in trust for him or for his benefit, but as to
| such fund in the case of each of my said sons,
| the trust shall be held in and be executed
| by the others of the trustees hereinbefore
| named and the survivors or survivor of them;
| and provided further, and the same appoint
| ments of executrix and executors and
trustees are subject to the further condition
| that no commissions or compensation shall
| be charged by allowed to either of them
| for their services as executrix. executor or
| trustee, and if either of them should decline
! to serve on that condition his or her appoint
ment shall cease and terminate, and for the
| purpose of guarding against the contingency
of any unsuitable person being appointed
trustee of any of the trust funds, direct, as
| of oo;5 CT fin hat in of thta