Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1885-12-14
VanderbiIt's Will
HIS son CORNELzUs GETS OVER
FIFTY MIILION DOLLARS As
HIS SHARE-KEEPING UP -
THE VANDERBILT NAME.

HIS SAARE-A EEFAN0 OF
THE VANDERBILT NAME.
New YORK, Dec. 13,-The will of
the late William II. Vanderbilt was
| filed yesterday in the Surrogate Cham
| Der. The will bequeaths SO, 900, 600
| to each of his eight children, 5,O0O,-
600 Of which in each case is in trust,
and So, 900, 900 is left to Cornelius
Vanderbilt in addition to other be-
Iquests, The four cons of the dead
man are made the trustees OF the prop
erty, each son being committed to the
Itrusteeship of his three brothers. The
Itestator leaves to each of his three
daughters absolutely the houses they
i live in.
To his grandson William H., the son
of Cornelius, he leaves 100000, and
to the widow is left the house at Fifty
i first street and Fifth avenue, his paint
ings, library, stables, horses, ETC., and
Ian annuity of 100000, together with
$500, 600 absolutely. At her death
1.-THE house, picture gallery and stables
iare to go to his youngest son, George
Vanderbilt, for his life, and at his
death to such son of his as he may
designate by will.
If he shall die leaving no son the
\ property is TO go to the eldest son of
i Cornelius Vanderbilt, the object being
! that the residence occupied by the
testator at his death and his collection
of works of art be retained and main
tanned by male descendant bearing
the name of Vanderbilt.
i The will is divided into twenty -four
sections. Those numbered from six
Iteen to twenty inclusive provide fol
al oIannuities of from $4,000 to $4,000 to a
J. humber of distant relatives, The
/ iItwenticth section bequeaths to the
Board of Trust of the Vanderbilt Uni
1versity, Of Nashville, Tenn, incorpor-
a ated under the laws of the State o.
= Tennessee, 100000 Of the second
. mortgage bonds of the Lake Shore ant
michigan Southern Railroad Company
to be applied to the uses and purposes
? Iof said University. The twenty frs
.Isection bequeaths to the following
: -Inamed societies and incorporated
!bodies organized under the laws of the
Estate of New York the sums herein
'elaiter specified: To the Domestic AND
olForeign Missionary Society of the +
lie. Church of the United States o
,,iAmerica, 500, 900 for domestic pur-
!. .Iposes; to St. Luke's Hospital, incorpo
rated in the year 1850, 500, 600; to thu
iyoung Mems Christian Association o
n New York, 800, 1000; TO the Genera
9. Theological Seminary of the P. +
Church in the city of New York, $50,
" 0QG; to the New York Bible and Com
retmon Prayer Book Society, whereo
rs the BishopIis president, $50, ,0O0;,to tn
" Home for Incursbles, Incorporated II
I1S45, $50, 600; to the Protestant Epis-
glcopal Church Missionary Society TO
u. Seamen in the city and port of Ne'
p; York, $50, to the New York HON
VI for Intemperste Men, $4,000; to tn
~ New York Protestant Episcopal Mi:
" sion Society of the city of New YORK
at$100, 900; to the Metropolitan Museur
of Art, incorporated April 13, 1871
IRA 800, 900; to the American Museum {
on Natural History in the city of Ne
York $4,000, and to the Moravia
ef | Church in New Dorp lane, State
d. | Island, organized under the name
the United Brethren's Church 500
u. 1000.
heI The remainder of the fortune
ldivided equally between Cornelil
atland William K. Vanderbilt. The te
Int tator directs that all of the railro,
stocks bequeathed to his children shs
m be held in bulk and administered f
70. the best interest of all, and that mol
~ of them shall be disposed of witho
'oa' the consent of all concerned.
IN The will, which is dated Septemb
20, 1884, appoints his vile, Mai
ace Louisa, and his sons Cornelius, W
liam K, Frederick w. and George
as eXecutrix and executors, and
compensation is to be allowed either
ere. them for such service.
de. ALL THE HEIRS SATISFIED.
seas Mr.. Depew said to-day that all
i've heirs are entirely satisfied, and thai
sta Mrs. Shepard, who is in EuroI
had been here, the will would ha
been probated to-day.
factI Estimating the residuary estate
ont 800 900, 600, and computing the mari
the value of the securities specified in Il
pen will, the eight children share
rke money and securities about as follow
seal the youngest daughter. Mrs. Webb,
rev receive her principal, $5, $50, 900, WI
1sns ,Sre she shall be thirty years old
and Absolutely. For Life. Tota
AT William k. 50, 65s coo g. $780, 900 S. 900
sing Frederick W. s'S5o,So0 6.l59; 0oo Il, s@00 @
q ID. III