The Sunday tatler and Jersey City express. (Jersey City, N.J.) 1883-1886, 1885-12-13
DISTRIBUTING lS2OO,OOO,OOO.
TIE FEATURES or THE WTLL OF
WILLIAM II. VANDERBILT.
Ten Millions OF Dollars for Each OF HIS
Eight Children, Of whsch five MIL
lions Is TO be HELD BY Trustees-The
Railroad Stock 20 be Held Intact.


Eight Children, Of yyhssh five Mil,
lions Is to be Held ~ Trustees-Ths
Railroad Stock 20 pc Held Intact
by associated Press d as 1aitls.i
New York. Dec. 12.-The will Of the
late William Fl. Vanderbilt was fled at moon
to-day in the surrogate's Chambers in the
County Court House. The viii bequeaths
$40, 900, 900 to each of bis eight children,
Sc, 900, 900 of which in each case Is in trust.
In addition to this $2,000.00O is left to Cor
nelius Vanderbilt. The four sons of the
dead man are made the trustees, the prop
erty left to each son being committed to
the trusteeship of his three brothers. He
leaves to each of his daughters the
houses they live in Absolutely. TO his
grandson, VIM. H., the son OF Cornelius,
he leaves 1000, 900, ana TO the widow is
avenue, his paintings, library, stables,
horses, etc, and an annuity Of 5000, 900,
together with $500, 600 which is left to her
absolutely. At her death the house, pic
ture gallery, and stables are to 60 to his
youngest son George Vanderbilt fer 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 60 to
the eldest son of Cornelius Vanderbilt.
Sundry requests, amounting to about
s., 900. 600 are left to charitable objects,
and annuities, ranging from $4,000 to
$4,000, are left to distant relatives. The
remainder Of the fortune is divided equally
between Cornelius and William K. Wander
bilt.
He directs that all Of fhe railroad stocks
bequeated to his children shall be held in
bulk and administered for the best interests
of all, and that none Of them shall be dis
posed Of without the consent of all con-
cerned. Mr.. Chauncey a.. Depew and Mr..
Henry II. Anderson are constituted admin
istrators of the will. MIR. Depew said to-
day that all the heirs are entirely satisfied,
and that if Mrs. Shepard, who is in Europe,
had been here the will would have been
probated to day.
His eight children are his sons, William
T., Coraelius, George AID Frederick, and
his dsu ghters are Mrs. Hamilton Mex
Twombley, Mrs. Elliott H. Shepard, Emily
Thorne Sloane. and Mrs VIM. s. Webb.
Subsequently Chaunoey M. Depew, in
conversation, said the. family was well
pleased with the disposition of the prop
erty, and there would b. no contest of the
will. Concerning the stocks devised to
the children, Mr.. Depew said, there was
an understanding among them that none
of the stock should be disposed of by any
one of them without consent of all the
others. In this way the railroad property
known as the Vanderbilt system win be pre-
served in its entirety, and the Vanderbilt
roads will continue under contract of the
family.
It is mentioned, in connection with Van
derbilt, that during the Irish famine he
volunteered to contribute 100000 to q
fund, on condition that all the money
should be spent in the great West. James
Gordon Bennett, who started the fund in
sisted on sending the money to the other
side, and Vanderbilt put up only $1,000.