Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1885-12-17
MR.. WILL.
Cornelius and william X. Get the Bulk O
Eortv MiIIfnn. In Trust

Cornelius and william X. Get the Bulk of
It-Forty Millions In Trust.
NEW YORK, Dec. 13.-There was an
unusual stir yesterday forenoon around
the Office Of Probate Clerk Charles II.
Beckett, as it was expected that the will
Of William H. Vanderbilt would be filed.
At noon the four sons, Cornelius, William
Frederick and George, with the attorneys
of the estate, Chauncey NJ. Depew and
Henry H. Anderson, of the firm of An
derson & Rowland, cam into the Office.
Clerk Beckett closed the door and a petit
ton for the probating of the will was
presented, signed by Cornelius Wander
bilt, William X. Vanderbilt, Frederick
W. Vanderbilt and George W. Wander
bilt. Two copies Of the will were filed
in the office. Each covers eighteen and
a quarter pages Of foolscap type-writing
and contains between $500 and 5000
words.
The will first makes provision for the
widow. To her the decedent gives for
her use during life the house in which he
resided at the time Of his death. The
pictures and other works Of art, horses,
carriages and stables, and also leaves her
mn annual allowance of $500, 900. To
each of the four daughters he leaves the
houses in which they are now living,
near his own home. He then sets apart
$40, 600, 600 of railroad and other securi-
ties as a trust fund. This will be divided
into eight equal parts. and each OF the
eight children is to receive the income
from So, 600, 900 during life. The princi-
pal goes to the children of each one in
such proportions as that child may direct
by will. If any son dies without leaving
issue, his portion is divided among his
surviving brothers or their surviving is
sue. The same direction is applied to the
daughters shares. The testator next
sets apart $40, 600, 900 of certain specified
securities and directs that they be divid-
ed into eight equal parts and distributed
to the children, giving to each one &c.
600, 900 absolutely. After the death of
the widow the works of art, excepting
the marble bust of Commodore Wander
bilt, (Which is given to Cornelius) the
family residence, horses, etc, in which
the widow is given a life estate, are be-
queathed to George W. Vanderbilt or to
his children if he should be dead. If
George W. dies without leaving issue,
William II. Vanderbilt, the eldest son of
Cornelius. will receive this property and
So. 000, 900 besides. The testator gives
81, OO0, 900 to this grandson, irrespective
of George W. leaving children. If the
grandson, William H., is not living at the
time when such requests would fall to
him, they will go instead to the next son
of Cornelius, who bears the same name
as hi. father, my object being" the
testator says, that my present residence
and my collection of works of art be re-
tanned and maintained by a male descen-
dant bearing the name of Vanderbilt.
Mr.. Vanderbilt also gives $50, 900 tc
William V. Nissan, a nephew; to jacob
II. Vanderbilt, the dividends during life
on 1000 shares of New York Contra
Railroad stock; an annuity of $4,000 eacl
to q number of relatives, and Of 81, 200 tC
others; to E. V. w. Rossiter 10000; tc
the Vanderbilt University of TENNESSEE
5000, 900. To the following 800, 00(
| each is bequeathed: The Domestic ant
Foreign Missionary Society of the Pro
testant Episcopal Church, St. Luke
, Hospital, the Young Mems Christian
| Association of New York, the Protestan'
t Episcopal Mission Society Of New York
, the Metropolitan Museum of Art, and thu
Moravian Church at New Dorp. The
following get $50, 900 each: The Genera
Theological Seminary, the New York
Bible and Common Prayer Book Society
the Home for Incurables, the Protestant
Episcopal Church Missionary Society fol
Seamen in the City and Port of New
York, the New York Christian Home fol
Incorporate Men and the American
Museum Of Natural History.
All the remainder of the vast estate IL
given in equal shares to Cornelius Van
derbilt and William X. Vanderbilt. Tit
widow and four sons are made executri,
and executors and each son is made ont
of the trustees for all the trust funds ex
cept those for his own benefit. They
shall serve, if they qualify, without com
p9nsation. If any portion of the will /
declared invalid, the testator directs tina
the will be construed as il such part wer'
not contained in it. The will is unde
seal and is dated September 25, 1884. TIL,
witnesses are Charles A. Rapallo, Samue
+. Barger, G. G. Clark and /. p. Cham