New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-13
PRICE THREE CENTS
MR.. YANDERBILTS WILL.
HOW THE VAST ESTATE Is DIyIDEn
CORNELIUS AND WILLIAM K. GET THE BULK or 1T.
FORTY MILLIONS IN TRUST


FORTY MILLIONS IN TRUST.
There was an unusual stir yesterday forenoon
around the office of Probate Clerk Charles
II. Beckett, as il was expected that the will of
William II. Vanderbilt would be filed. At noon
the four sons Cornelius William Frederick, and
George, with the attorneys tE3the estate,
Chauncey NJ Depew aud Henry III.
Anderson, of the firm Of Anderson s.
Rowland, came into the Office Clerk Beckett closed
the door and petition for the prObatiug of tho
will was presented, signed by Cornelius Vanderbilt,
William X. Vanderbilt. Frederick w. Vanderbilt
and George w. Vanderbilt Two copies of the will
were fled in the office. Each covers eighteen and
a quarter pages Of foolscap type writing and con-
tans between $500 and 6.000 words. The pcti-
tion prays that citations be issuei that
the will be proved. and that letters testa-
mentary be issued to the executors who may
qualify Hereunder.
The sOus seyerally made formal oath before Mr.
Beckett. in verlhcaton of their petition that tho
will bears date September 2J, 1884, and Is sub
scubed by w. II. Vanderbilt and by Charles A.
Rapallo Samuel +. Barger, Charles G.. Clark and
Isaac i. Chambers witnesses; that there is no
cOdicil tnat the testatOI died December \, 1885,
aud was at that time a resident of NewYO:S City:
that tie names of the heir. .at-law and
next Of kin were Marie Louisa Wander
bilt the widow, living ut No. G40 Fifth-ave.;
Comelus Vanderbilt son, living at No. West
Fifty-seventh-st.; Margaret Louise shepard,
daughter living at No. West Fifty y-3econd-st.;
William KIssam Vanderbilt Il son, living at No.
GEO FIfth-ave.; Emily Thorn Sloane. a daughter.
living at No. 642 FttL-aye.; Florence Adele
TwOmbly, a daughter, living AT No. 6S4 flfth-ave;
Frederick w. Vanderbilt, son, living at No. 459
Fifth-ave.; Eliza o. Webb, daughter, living at
No. $50 Fifth-aye and George w. Vanderbilt, q
son. living at No $40 Fifth-ave.
A citation was issued by Clerk Beckett, return
able at / a. ID. December 80. 1t goes to those
heirs 0.hcr than the four sons who presented the
petition given above As all the heirs are OF age
thoy can waive service OF the cit ton TIE original
W must be filed at least two days before the
turn of the citation
The will first makes provision for the widow.
To her the decedynt gives for hr use during
life the house in which he resided the time of his
death. the pictures aud other WORKS OF art horses.
carriages and stables. and he also leaves her an
annual allowance of $200,00O To each Of the
four daughters he leaves the houses in which they
are now living near his own home. lie then sets
apart $4,000 900 o. railroad and other securities
as a trust fund. This viii be divided into eight
equal parts, and each oi the eight children is TO
receive the income from SJ.00D0O0 during life
The PRINCIPAL goes TO tine chill OF each one 10
such proportions as that child may direct by WILL
II any DIES without leaving issue, hii portion
il divided among his surviving brO,ii'r or their
surviving Issue The same direction II app led Ia
the daughters shares lie tc,tatOr n'Nt cts
apart S4O0 0OU. 900 oi certain specified securities
ami directs that they be- divided into elgnt equal
parts and d.stribu. led 10 the children, givIna to
each one SJ,OOO.oGO absolutely. After tile death OF
the widow the works Ol art. excepting the marble
bust OF Commodore Vanderbilt, winch Is gwen
to Cornelius the family residence, horses. etc,
in which the widow Is gwen % ne eNtate, are are
bequeathcd to Geo,.e ". Vanderbilt or to hs
chi .drrn if he should bc dead. II George W. dies
without leaving issue William II. vanderbilt, ulc
eldest son OF Corncus. will receive thls property
and - 100000 bcsidcs The testator gives
I'll, ,OO0,OOO To THIS grandson, irrespective. OF
George w. leaving children. If the graudson,
William H., is not LIVING ~ the time when such
requests would ial 10 hum they VIII z? instead
Ia the next son of COrnellu, who bears III same
name rs his father, my OBJECT being" the testa-
tor says. d" that my present re-. .ence ana nay
collection o. works OF ar be retained and main
tanned by a male descendant beJrins the n1ine Of
Vanderbilt.
Mir. Vanderbilt also give, $4,000 TO y Liam
V. Kissan, nephew; TO J.. ob Il. Wand .rb X. tho
diy .dendS duruE li:e on 1909 ,Laic, oi E"w York
Central Railroad stock; an annuity of - oJo
each 10 a ndmber ot relative aud Of - zoo TO
others; to T. v ". FoS,IteT : so. 600 to the van
der1Ilt University of Tennessee y, 5000. 10 tho
following SlOO. 600 each is .qpcltned: The DO
nestle and Foreign Missionary ; lciety # the
Protestant pIScopal Church, 81 LuAcs Hospital,
the Young Mems Chris ian hsS2cla'ioh OF Atwc
lorl the Pro eslanJ H. iStopal I.s,IJn society ~
New York. the Netropo iia MI,eun 2l AT; ahd
the NoraVIau thUIch At Nc' -EoTp. II" follow
Ing get SjOoOO each: =" Nelett inc1ogi'al
Seminary. the NeN-lorh Blole and Common
Incurable>, the Protestant Episcopal Church
MISSIONARY SDcle for SeIIncn Ia the Cuy a9d Port
oi New York. the Nev-lo ok Christian Home ior
Incorporate Men and the American Museum OF
Natural History.
All the remainder f the vast estate l. given IN
equal shares to Coweiu, Vanderbilt ANA William
H. Vanderbilt. The WIDOW and io1r sons are made
tNrcutrx aud executors ana cacl son Is made one
ot the trustees for al! the rIs tunus eNc"pi those
for his o,yh benefit. lhey shall serve. # they
qualify, without compensation. II auy portion 4
me viii Is declared 1Iyal!3, the t"siatpr
Directs that the VIII bc construed II sucl part
were not contained IN IT. Ib' Will l. undcf seal
AM. is dated Scptcml er -. lNNi. he Wl.ncsstS
are Charles A. Ra. ailn samuel /. Ba'ser, {. {.
Cialk AID l. L. Chambers.