The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1885-12-17
VANDERBILT.
FEATURES OF
THE WILL OF THE DEAD
MILLION ARE.
THE BULK OF HIS COLOSSAL
FORTUNE GIVEN TO HIS
FOUR SONS.
vANDERBILT'S WILL.

NEW YORK Dec. 12.-The will of the late vii
liam II. Vanderbilt was read yesterday, lmmedl1
ately the return of the family from the funeral
services at Newdorps. The reading was strictly
private and it decided that the contents OF the
will should not be made public until after the docu
ment had gone to the surrogate's office. Great
speculation was INDUCED in last night throughout
the city as to the probable contents OF the docu-
ment At 10 O'Clock this morning the great mag
Mates will was formally filed with the
clerk of the surrogate's,. office, The will
bequeaths to Mrs. William II. Vanderbilt
the widow the dwelling house in which she recent
y lived and three other lots in New York City also,
all the household goods horses stables, etc, and
statuary paintings etc. the will also bequeaths to
her an annuity of two hundred thousand dollars.
The foregoing to be in lieu of dover.
He devises unto his daughter Margaret Louisa,
wife of Elliott +. Shepard, her heirs and assigns
forever, the house in which she now resides and
the lot which it stands.
He devises to his daughter, Emily Thorn, wife of
VIM. Sloane, her heirs and assigns the m1ddle one
of three houses erected by him on the westerly side
of Fifth avenue, between Fltth-hrSt and Fifty
ond streets and the lot on which it stands.
He bequeaths to his daughter, Mrs Hamilton
NICK. Twombly, the lot of land on the corner OF
Fifth avenue and Fifty-fourth street, and part OF
another lot Fftyfourth street, together with the
dwelling house on said property.
He deviees unto the daughter, Mrs. Watson 5.
Webb, various lots of land, together with TWO
dwelling houses thereon. -
The document thereafter reads IS follows: II
give and bequeath to the trustees hereinafter ap-
pointed S25 900 600 of bonds of the United States
of America, bearing interest at the rate OF per
cent. per annum; 100000 first and second mort
gage bonds of the Lake Shore and Michigan South
ern railroad company, bearing interest at the rate
of per cent. per annum: 81, 0O0,OOO OF sinking
fund bonds of the Chicago and Northwestern rall-
road company, due in 1SS9 bearing interest at tde
of the last named company due in the year 1879,
bearing interest at the rate OF per cent, and
$4,000 of general consolidated sinking fund PONDS
|. of the last named company.
The will beuueaths 100000 to each of his
eight children and nearly 81 OOO,OO to charltao!e
Institutions, and the remainder OF MS fortune Is
Vanderbilt, He directs that all of the railroad
stocks shall be 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 con-
cerned Mr.. Chauncy NJ. Depew and Mr.. Henry
H. Anderson constituted administrators OF the
will.
Channcy M. Depew and Henry f. Anderson are
attorneys representing the estate.
On Friday Mr.. Anderson appeared before Surro-
gate Rollins and spoke to him and %sa
made for filing the will to-day. Mr.. Anderson
was given blank petition to confer the probators
of the will, which he was to NIL IN; Mr.. Depew
and Mr.. Anderson, accompanied by the four sons,
accordingly appeared to-day before the probate
clerk at II RS p M, and the petition for probate,
signed by the four sons, was presented 1t sets
forth that William H. Vanderbilt had died on Dec
ember 9Th and that he left will duly signed exc
cuted and witnessed.
their residence. Mr.. Anderson informed the pro
bate clerk that the sons had concluded not to file
the original will at present. and that they wanted
to verify the petition they had presented The oath
was administered to them. and having verified the
petition, Mr. Depew handed to the probate clerk
two type written copies of the will, which he says
he had verified in person. Each copy contained
nineteen pages of type written matter. Mr.. An
derson stated that there were codicils
Upon the petition the clerk issued citations to the
widow and daughters (the son being absent) return
able on the Both inst. at II a. m. The party then
left the office. Subsequently Mr.. Depew said the
family well pleased with the disposition of the
mr. thera
will.
Concerning the stocks devised to the children,
Mr.. Depew said there an understanding among
them that none of the stock should be disposed of
by any of them without the consent
of all the others. In this way the
railroad property known as 1.-The
Vanderbilts SYSTEM will be preserved in its en-
tirety and the Vanderbilt roads will continue under
the control of the family.