Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1885-12-18
YANDERBILT'S MILLIONS.
How They are Divided by the Decree
of His Last VIII ana Testament.

VANDERBILT'S MILLIONS.
How They are Divided by the Decree
of His Last VIII ana Testament.
NEW YORK. Dec. 15.-The late Viii
liam I'll. Vanderbilt's 5000, 900, 900 are
divided by his will as follows: To his
wife, the family residence and an aa-
nuity of 5000, 900; to each Of his four
daughters, the residences they occupy,
the income from IS, 900, 600 in bonds
held in trust and S., 900 in bonds
absolutely; to each of his four sons,
the income from S., 900, 0G0 in bonds
help in trust and $1,000 900 in bonds
absolutely; to his son Cornelius, g.,
OO0,00G in cash; to distant relatives,
sums ranging from 81 900 to So. 600;
to Vanderbilt University, $500, 600; to
numerous other educational, religious
charitable institutions, sums ranging
from $50,O0O to 800, 900; to two of
his sons the residue of the estate.
He leaves Mrs. Vanderbilt his mag
nihcent residence and the lots on
which it stands; three lots of land on
the northeasterly corner of Madison
avenue and SD street in the city of
New York together with the stables
and Improvements thereon; all his
paintings, pictures, statuary and
works of art, except the portrait and
marble bust of his father, which he
bsqueathed to his son Cornelius; the
furniture of every description, includ
ing plate, silver, ornaments, musical
instruments, and other articles of
household use, also all the horses,
carriages, vehicles, harness, stable
furniture, and implements, He also
gives and bequeats to her an annuity
OF 5000, 600 per annum during her
natural life, TO be computed from the
date of his death and paid to her III
equal quarterly yearly payments
thereafter, and directs that sum suf-
ficient to produce such annuity be set
apart, and at all times safely invested
by his executors for that purpose dur
ing her life; and he empowers her to
dispose by will of $500, 600 of the prin-
cipal of the sum so directed to be set
apart in any way she may desire, and
which shall be legal.
The second to sixth clauses are de-
voted to the four married daughters
of deceased, who are given respect
lively the houses they now occupy or
in course of construction and the lands
upon which they are Quilt. The will
goes on to say in the seventh clause:
| give and bequeatb to the trustees
hereafter appointed $25, 600, 900 of
bonds of the United States Of Ameri-
ca bearing interest at the rate Of four
per cent per annum, principal falling
due in 1907; and S. ,000,0 of second
mortgage bonds of Lake Shore &
Michigan Southern Railway company,
due in 1903, bearing interest at the
rate of seven per cent. per annum.
The eighth clause allows the trus-
tees to purchase certain other pre-
scribed securities when the others ma
ture.
The ninth clause divides between
his eight children SAC, 900, 600 for their
free disposition.
Tie tenth, eleventh and twelfth
clauses provide that the portion for
his daughter Eliza shall not be given
her until she reaches the age of thirty,
and if she dies without issue her poi
ton goes to the other brothers and
sisters.
The thirteenth clause bequeaths
Cornelius two million dollars in ad-
dition to all other requests.
Annuities of from 81, 900 to s., 600
are provided for various distant rela-
tiveS.
The Vanderbilt university at Nash
vile, Tenn, is bequeathed the nice
little sum of 5000, 600.
To the domestic and foreign mis-
sionary society of the primitive Epis-
copal church of the United States, he
leaves 100000 for domestic purposes.
To the ST. Lukes Hospital, 800, 600.
To the young mems christian asso-
ciatien of New York, $4,000
To the general theological seminary
of the Primitive Episcopal church,
$4,000,
To the New York Bible aud Com
mon Prayer Book society, $50, 900.
To the home OF the incurables $50
900.
To the Protestant Episcopal church
missionary society for seamen In the
city of New York, $50, 900.
To the New York home for Intern
perate men, $4,000.
To the New York Protestant Episco-
pal mission society, 100000.
To the Metropolitan Museum of
Art, 100000
To the American Museum of Natur-
al history, $50,00o
To the Moravian Church at New
York, Staten Island, 800, 900.
The twenty second clause reads as
follows: All the rest, residue and re-
mainder of all property and estate,
real personal and mixed, of every dis
cription and wherever situated, of
which l may be possessed or to which
| may be entitled at the time of my
demise, give, devise and bequeath
unto my two SONS, Cornelius and Viii
liam K. Vanderbilt, in equal shares
and to their heirs and assigns for their
use forever. The will finally provides
that the widow and four sons shall be
executors and trustees of the estate.