Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1885-12-13
vANDEnssI.T's WILL.


vANDERBIB.T,s WILL.
The Manner in which HIS Prop
crfy Is Disposed OF.
NEW York, December l2.-The wi
Of VIM. H. Vanderbilt bequeaths $40,
900 600 to each of his eight children
nearly 81 900, 600 is given to charitabl
institutions, and the remainder of th
fortune is divided equally between Cor
nelius and VIM. X. Vanderbilt. He di
reefs that all railroad stocks shall b
held in bulk and administered to tn
best interest of all, and none shall b.
disposed of without the consent of al
concerned. Chauncey NJ. Dspew cnt
| Henry Fl. Anderson are constituted 'ad
ministrators. Depew says that th
| family is well pleased with the disposi
tion Of the property and there will b
40 contest of the will. At 1925 to da,
ex.Judge Rapello, followed by Depew
| Cornelius, VIM. X, Frederick w. ant
George Vanderbilt entered the Surro
gates office and Immediately appearet
before Probate Clerk Beckett for th'
purpose of filing the will. The docu
ment says; 81, William II. Vanderbilt
of the city of New York, do make ant
publish my last will and testament, al
| follows;
First. | devise unto my beloved wife
Maria Louisa for and during her natura
| life the dwelling house in which | DOW
reside and the lot on which it stands,
and after describing the property the
will continues. 81 also give and devise
to my said wife during her natural life
the three lots OF land on the northeast.
erly corner of Madison avenue and Fif.
ty second street, in the city of New
York, together with the stables and
improvements thereon. l also give and
bequeath her for and during her natural
life all the aintings, pictures, statuary
and works OF art which | may own al
the time Of my decease, except the por-
trait aud marble bust Of my father
which / have bequeathed to my son
Cornelius. / also give and beqaeatf
to her for and during her natural
fife all tine furniture, Of every descrip'
tion, including the plate, silver, library,
ornaments, musical Instruments aud
other articles OF household use which
may at the time of my death be in or ap
pertain to my present residence; and
also horses, carriages or vehicl.s, har
ness, stable furniture and implement,
which | may have ON hand at the time ol
my decease and usually kept in my said
stables on Madison avenue and Fifty
.t.z.,.f nu4 asn .ss.uror ~, fff..
during her life to exchange or dispose oi
any OF my said hou sehold furniture and
other cbattles, except pictures. statuary
AID works OF art. / give and bequeath
TO my said wife an ANNUITY of two hun.
dred thousand dollars during her natu.
raj life, to be computed from the date oil
my decease and paid to her In eqlal
quarterly installments thereafter; and
dlreot that q sum sufficient to produce
such annuity be set apart and at all
tines safely invested by my executors fol
that purpose during the lite of my wife
and l empower her to dispose, by will
of 5000, 900 of the principal Of the sun
so directed TO be set apart. in any manner
ste may desire AMI which shall be legal
Ali taxes, assessments and charges which
may be imposed on real estate devised t
my wife for life shall be payable by he
during the same period. aud deolsr'
thai the foregoing devises and bequest
TO her are to be in lieu of dover.
The second to sixth clauses are de
voted to the four nlarr,e'i daughters Of tn
deceased, who are give respectively ihi
houses they now occupy or in course o
construction and tue LANDS upon which
they are built. The will goes on TO sa,
IN the seventh clause; II give and be
queath to trustees, hereafter appointed
s25, 900, 900 of bonds Of the UnitedStatel
Of America bearing interest at the rate o
per cent per annum, the principal fall
ing due in 1907; $50, 900. 900 of sccont
mortgage bonds cs the Lake Shore anf
Michigan Southern Railway Company
due in 1903, bearing interest at the rat,
OF per cent per annum. The clause
Of the will then includes other seouritiel
tothe amount Of $4,000. 600 to be di
vida in eight equal parts to be held il
trust 70 bis eight children. The trusteel
are to collect the income Of each OF thes.
trust funds and tnrn the same over ts
the benefciaries. None of the fund.-
CAn Dt AiltDnltu VI thaDhlttitA
the lifetime Of the child entitled to th'
income. The principal, however, cal
be willed away by the beneficiary at his
or her death. provided they have Lawful
issue II any daughters die without
is.ue the amount goes to the remaining
daughters; II any sons die without leav
ing lawful issue the portion goes to tn,
sons still living in equal parts.
The eighth clause allows the trustees
to purchase other prescribed securities
when Others mature.
The ninth clause divides between hii
eight children $40, 900, 900 for their fret
disposition. The fourteenth clause alse
provides, in case OF the death Of George
without issue the homestead shall rever
to Vim. H. Vanderbilt, son of Cornelius
the purpose being to keep the residencs
in the family. He also gives to hii
grandson, William H, $1,000, ,00(
to be paid to him when he is thirty year:
old, and the interest to go to him in the
meantime. In the event OF the death ol
William H., the next to fall heir is
Cornelius, brother of the latter.
Sections Is, l6, IL, Is and 10 provide
for annnities OF from $1,000 to 5000 to
various distant relatives. The twentieth
clause bequests 5000. 900 to the Wander
bilt University at Nashville, Tenn.
The twenty first clause beguests the
following sums to domestic and
Foreign Missionary Society of the Prim.
tive Episcopal Church of the United
States; Sl00. 600 for domestic purposes
to st. Luke's Hospital, 100000; 10 the
Young Mems Christian Association Of
New York. 500. 900; to the Gen,
,ral Theo' 'ogieal seminary oi
the Primitive Episcopal church,
$50, 900; to the New York Bible
aud Common Prayer Book Society, $50,
600; to the Home of Incurables, $50, 600
to the Protestant Episcopal Church Mis-
sionary society for Seomen in the city
of New YorS, $50, 900; to the New York
Home for Incorporate Men, $50 900
TO the New York Protestant Epis
copal Mission Society Of New York,
800. 600; to the Metropolitan Museum oI
Art, 500, 600; to the American Museum
of Natural history, $50. 900; to the Mo
ravian Church at New Dorp, Slater
Island, 100000,
The 'twenty-second clause reads as fol
lows; All the rest, residue and remain
der OF all the property and estate, real
personal aud mixed, Of every description
aud wheresoevers which lmay b'
possessedof or iowhich may be entitled
st the time of my demise | give, de
wise and beaueath unto my two sons
Cornelius aud William X. Vanderbilt, il
-qaal shares. aud to their heirs aud as
igns for their use forever
The will finally provides that til,
widow aud four sons shall be executor
and trustees Of the estate.