Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-12-14
MIR. vANDERBlLT.S WILL.
How the Vast Estate Il Divided.
CORNELIUS AND WILLIAM X GET THE BULK OF
IT-FoRTY MILLIONS IN TRUST,

IT-FoRrY MILLIONS IN TRUST
ltonaire, was filed in the probate court In New
York city, Saturday, as stated in q telegram to
THE STAR that day. The NY. Tribune says: AT
noon the four sons, Cornelius, W lillian, Frede-
rick, and George with their attorneys of the es-
tate, Chauncey M. Depew and Henry II. An
derson, Of the firm of Anderson q Rowland,
came into the office, and o petition for the pro-
batting of the will was presented, signed by
Cornelius Vanderbilt, William X. Vanderbilt,
Frederick w. Vanderbilt, and George w. Van
derbilt. The sons severally made formal oath
before Mr.. Beckett, in verfication of their petit
ton, that the will bears date September %.
1884, and is subscribed by w. II. Vanderbilt,
and by Charles a. Rapallo, Samuel f. Barger,
Charles {. Clark, and Isaac p. Chambers rs wit
nesseS: that there is no codicl; that the testator
oleu December B, 1855, and was at that time a
resident of New York city; that the names of
the heirs-at-law and next OF kin were Marie
60 Fifth aTenus. sne Mi,ao W, Hslhg at No
living at No. 1 West 57th street; Margaret
Louise Shepard, daughter, living at No ,
q son, living at No. $50 Fifth avenue; Emily
morn Sloane, daughter, living at No 642
Fifth avenue; Florence Adele Twombly, a
e e w. Vanderbilt, a son, living at No. 459
Fifth avenue; Eliza o. Webb, a daughter, liy-
Vanderbilt. a soG, living at No. $40 Fifth ave-
nue..
The will first makes provision for the widow.
10 ner the decedent gives for her use during
lie the house in which he resided at the time OF
MS death, the pictures and other works OF art,
horses. carriages and stables. and he also leaves
her an annual allowance of 5000. 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 $4O,OOO,OOO OF railroad and
other securities as a trust fund. This will be
divided into eight equal parts, and each of the
S5,OOO,OOO during life. The principal goes TO
the children of each one in such proportions as
that child may direct by will. II any son dies
among his surviving brothers or their surviving
issue. The same direction is applied TO the
daughters, shares. The testator next sets apart
$4o,OOO,O0O of certain specified securities aud
directs that they be divided into eight equal
parts and distributed to the children, giving to
each one S5,OOO.OOO absolutely. After the
death of the widow the works OF art excepting
the marble bust of Commodore Vanderbilt,
which Is given to Cornelius, the family resi-
dence, horses, etc. In which the widow is given
a life estate are bequeathed to George W. Van
derbilt or TO his children, III he should be dead
Il Il George w dies without leaving issue, William
IL. Vanderbilt, the eldest son of Cornelius will
receive this property and s., 900, 900 besides
The testator gives 81 ,OO0, 900 to this grandson
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 Corne-
nus, VINO bears the same name his father,
''my object being" the testator says, that NV
present residence and my collection of works of
art be retained and maintained by q male
descendant bearing the nameof Vanderbilt
Mr.. Vanderbilt also gives $4,000 to William
" Nissan, nephew; to Jacob III. Vanderbilt,
New York Central railroad stock; an annuity
OF 5000 each To number of relatives, and of
81 200 to Others; to F. Wv .Rosster S1O.OOO; to
the vanderbilt University of Tennessee $780,
600. To the following 100000 each is be-
queathed: The Domestic and Foreign Mis-
sionary Society of the Protestant Episcopal
Church, st. Luke's Hospital the Young Mems
Christian 4 association of New York, the Metro
politan Museum OF Art, and the Moravian
AT Tlao oil
600 each: The General Theological Seminary,
the New York Bible and Common Prayer Book
ant Episcopal Church MISSIONARY Society for
Seamen in the City and Port of New York the
New York Christian Home for Intemperate
Men and the American Museum of Natural
History.
All the remainder of the vast estate is given
In equal shares to Cornelius Vanderbilt and
William X. Vanderbilt. The widow and four
sons are made eXecutriX and executors and
each son is made one OF the trustees for all the
They shall serve, If they qualify, without COM
pensation. Ii any portion of the will is de-
! clared invalid, the testator directs that the
Will be construed as IL such part were not con-
tanned i'm II. The will is under seal, and is
dated september 20, 1854. The witnesses are
Charles A. RapallO, Samuel +. Barger, {, C.
Clark and l. l.. Chambers.
ESTIMATE OF WHAT EACH CHILD WILL GET.
\ telegram from New York says: Estimating
the residuary estate at S9O,OOO,OOO, and COM
putting the market value of the securities
specified in the will, the eight children share
money and securities about as follows the
youngest daughter, Mrs. Webb, to receive her
principal S5,65O,OOO, when she shall be thirty
years old:
Absolutely. For Life. Total
Cornelius $50 $50, 900 ST. l 81, 900 SIS 500 900
William k-5O,65O,OOO 6,15O,oOO ST. 100000
Frederick VS. $50, 900 g. $4,000 IL 500, 900
George W. $3.50, 900 6,15O,OOO IL 500 600
Mrs.Shepard- 5 $4,000 6,l5o,OOO IL, 500 900
Mrs. Sloane. 3, 65O, 900 d, 15O,OOO IL 500. 900
MrsTwombly j. 100000 6,l5O,OOO 1,SOO, 900
Mrs. Webb.--5, 65O.OOO q, 100000 IL 500, 900
Total............... 81 So 400 600