The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1885-12-18
CHILDREN OF FORTUNE.

Nearly $500. OO0, 900, was Distributed
Over Ten Million Dollars Given to Each
of His Eight Children-The Widow Hand
sOmely Provided For.
NEW YORK, Dec. IA petition was
fled at noon Saturday with the clerk of the
Probate Court for the probate of the viii of
the late William ii. Vanderbilt, and cita-
ton was issued returnable on the S0th. The
will is voluminous. 1t disposes of prop
erty estimated at over 1888, 500. 900, all OF
which save SI,100, 600 goes to the various
members of the family. Following is
brief summary of the most interesting por-
tons:
I, William H. Vanderbilt of the city of New
York, do make'and publish my last will and
testament, as follows. viz:
First, devise unto my beloved wife, Maria
Louisa. for and during her natural life the
dwelling house in which now reside and the
lot on which il stands After describing The
property, the will continues: / also give
| and devise to my said wife for and dur.ns
her natural life, the three lots of land on the
nOrtheaSterly corner OF Madison avenue ano
| Fifty-second street in the city of New York,
together with the stables and tenements
thereon erected | also give and bequeath to
her, for and during her natural life all the
paintings, pictures statuary and works al
art which may own at the time of my de
| cease except the portrait and marble busto
my father which ! have bequeathed tt
my son Cornelius. | also give am
bequeath to her for and during her natura
life, all the furniture of every description
inclnudng plate, silver, library ornament
| musical instruments and other articles 0,
household use which may at the time OF M
deceaSe be in or appurtenant to my preSeDi
residence and also all the horses, carriages
| vehicles, harness, stable furniture and i'm
| PIGMENTS which l may have on hand at the
| time of my decease and usually kept ia my
cnT6 Gfnll Mod r.
second street and empower my wife during
| her life to exchange or dispose of any of my
| said household furniture and other chatte'
| except pictures Statuary and works OF art. }
| also give and bequeath to my said wife 81
| annuity of S200,000 per annum during hs'
| natural life, to be computed from the
| date of my decease, and paid to her in equa
quarterly payments thereafter, and dlrec,
| that a SUM sufficient to produce such aunuit l
| be set apart and at all times safely invested
| by my executors for that purpose during
| dispose by will of $500 900 of the principal o.
the same directed to be set apart IL
| any manner she may desire and which shat
| be legal. All taxes, assessments and charger
which may be imposed on the real estate de
| vised to my wife for life shall be payable by
| her during the same period. And declare
| that tho foregoing devIses and bequests to hel
| are to be IN lieu of DOVER
Then follows paragraphs in which the
residences now occupied by his daughters.
Margaret Louisa (wife of Elliott F. Shep.
ard) Emily Thorn (wife of William Sloan),
Florence Adele (wife of Hamilton NJ. K.
| Twombley), and Eliza o. (wife Of William
S. Webb, are bequeathed to them, and
their heirs and assignees. Continuing, The
| document reads:
| ! give ard bequeath to the trustees herein
| after appointed $25,000,00O of bonds of the
| United States of America, bearing interest a;
| the rate OF four per cent per annum, the
principal falling due in the year 1907; $4,000. vs'
| oil second mortgage bonds of the Lake
Shore q Mlchiga9 Southern railway
| company due in She year 1908, bear
ing interest at the rate of seven per cen5
per anuum. SSC0,U00 of the first mortgage
bonds of the last named company due in the
| year 1900 bearing interest at the rate of pei
| cent per annum; $2,U000OU of the sinking
| fund bonds OF the Chicago & Northwestern
| Railway Company due in the year 1929, bear
| ing interest at the rate of six per cent. pei
| annum; $2,0J0,0O0 of the sinking fund bonds
| of the lastnanled COMPANY due in tht
| ear 1929, bearing interest atthe rate OF five
| per cent per annun: S2W,UJ0 of the genera
| consolidated sinking fund of the last named
company, in the year 1915, bearing interest a;
the rate OF seven per cent per annum: $1,000.
| 900 of the mortgage bonds of the New Yorl
| Central Railroad Company, due in the yea
1908, bearing interest at the rate of sever
per cent. per annum, and $l,OUo,Oy0 of the
mortgage bonds of the New York Il Harlem
| Railroad Company due in the year 1900 bear
ing interest at the rate of seven pei
cent. per annum, making in the az
gregate $400OO,000 of the above-name(
securities, at par, in trust to div de the
4 same into eight equal parcels of 81 O000V
each, and each of said parcels to contain al
equal amount of each OF the above spec iet
kinds of bonds to set apart and holu one o.
said parcels in trust for each of my four sons
Cornelius, William K, Frederick W., an(
George Vanderbilt. aud one of SAID parcels II
rust for each of my daughters hereinbe
forenamed, and to collect and receive
the in come of each of said eight trus
funds aud pay the same over as it accrue
and is collected to the beneficiary for whom i
il set apart during the natural life of sucl
| beneficiary.
In case of the death of either of his SON
or daughters, the fund set apart or held il
trust for him or her shall be paid to thei
lawful issue, if any; if there be none, theI
the share of the person deceased shall b.
transferred equally between the remainin!
heirs. The trustees of the fund author
lied to receive and invest the pro
ceeds OF the bonds held in trust a
they mature, and to change from time t,
time, according to their judgement the in
vestments; but they are directed to keel
the principal invested in bonds of th
United States, State or City of New York
or of the New York Central d Hudson
River, the Lake Shore & Michigan South
ern, or the Chicago Il Northwestern Rail
ways.
Over 81, 600, 900 is given to charitable in
situations, divided as follows:
TO the Domestic and Foreign Missionary
Society of the Primitive Episcopal Church o
the United States of America, 100000 TO
domestic purposes; to St Lukes Hospital
Incorporated in the year 1850, SlO0GOO; to thu
Young Mems Christian Association of thu
City of New York, %lG0,000; to the
| General Theological Seminary of TIT
Pr mtive Episcopal Church of the City o
New York, S50,00O; TO the New York Bible AM
Common Prayer Book Society, whereof thu
Bishop is President, $4,000; to the Home To-
Incurables, incorporated in 1885, $4,000; t.
the Protestant Episcopal Church Missonar!
Society for seamen in the City and Por
Home for Incorporate Men, $4,000; t.
the New York Protestant Episcopal Mission
Society of tho City of New York, 500,
600; to the Metropolitan Museum of Art, in
American Museum of Natural History in thu
City of New York, $4,000; to The Moraviai
Church in New Dorp lane, Staten Island
organized under the name of the Unitet
Brethrens Church, $100,0U0.
Mr.. Chauncey NJ. Depew and Mr. Hen
ny Fl. Anderson. are constituted admins
traitors Of the will.
Estimating the resduary estate of $780,
600 900, and computing the market value
of the securities specified in the will Of
William H. Vanderbilt The eight children
share the money and securities about as fol
lows, the youngest daughter, Mrs. Webb. tt
receive her principal, S5,650,O00, when SIN
shall be thirty years old:
Ndnre. Abs0lutely For life. Total
Cornelius. S52.650,000 IS, 10000 $5S, 0l09
William K. 50G50,00 6,150,0t0 100000
| GGorgaW 65Q ON e leo nm IT 0l