The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1885-12-16
WILLING AWAY MILLIONS.
How the Railroad Magnate Dis
posed of His Property.
LIBERAL CHARITY:

LIBERAL CHARITY:
The Great Financier Bequeaths His
Wealth With the Utmost Minute
ness and Detail.
New YORK. December 12.-The will oi
William H. Vanderbilt bequeaths $1O,.
OOO, 900 to each of his eight children, and
nearly $1,OOO,O 900 is given to charitable in
stitutions, the remainder OF his wealth is
divided equally between Cornelius and
William K. Vanderbilt. He directs that
all of the railroad stocks shall be helu in a
bulk and administered to the best interest
of all. None shall be disposed of without
the consent of all concerned. Chauncy M.
sDepew and Henry H. Anderson are con-
stituted administrators OF the will. Mr..
Il saspsw says-4he-iarily are well pleased
with the disposition of the property, and
there will be no contest of the will.
At 1926 o'clock to-day ex-Judge Rapello,
followed by Depew. Cornelius Vanderbilt.
w. K. Vanderbilt, Frederick W. and George
Vanderbilt entered the Surrogate's Office
and Immediately appeared before Probate
Clerk Beckett for the purpose OF
filing the will. The document says: II,
William H. Vanderbilt, OF the city OF New
York, do make and publish my last will
and testament as follows:
'First-I devise unto my beloved wife
Maria Luis {, for and during her natural
life the dwelling house in which now re-
side and the lot on which it stands" and
after describing the property the will con-
tinues: Il also give and devise to my said
wife for and during her natural life the
three lots OF land on the north-easterly
corner of Madison avenue and Fifty second
street, in the city of New York, together
with the stables and improvements there
on. 1 also give and bequeath her for and
during her natural life all the paint
ings, pictures. statuary and works
of art which I may own at
the time OF my decease, except the
portrait and marble bust OF my father,
which have bequeathed to my 7on Corne-
Illus. also give and bequeath to her dur
ing her natural life all OF the furniture oi
every description, including plate, silver,
library, ornaments, musical instruments
and other articles of household use, which
may at the time OF my death be in or ap
pertain to my present residence and also
the horses, carriages or vehicles, harness,
stable furniture and implements which
have ON hand at the time of my decease and
usually keep in my said stables, on Madi'
son avenne and Fifty second street, and
empower my wife during her life to ex-
change or dispose Of any of my said house
hold furniture and other chattels, except
the pictures, statuary and works OF art.
HIS wIFE's PIN MONEY.
II also give and bequeath to my said
wife an annuity of 100000 per annum
during her natural life, to be computed
from the date of my decease, and paid her
in equal quarterly payments thereafter,
and that sum sufficient to produce such
annuity be set apart, and at all times
safely invested by my executors for that
purpose during the life Of my wife, and |
empower her to dispose by will of $50O.OOO
OF the principal OF the same. SO directed to
be set apart, in any manner she may desire
and which shall be legal. All taxes, assess
ments and charges which may be i'm
posed on real estate devised to
my wife for her life shall be pay
able by her during the same
vices and bequests to her are to be in lieu
of DOVER"
The second to sixth clauses are devoted
to the four married daughters of deceased,
who are given respectively the houses they
occ. py, or are in course OF construction,
and the lands upon which they are built.
The will goes on to say In the seventh
clause Il give and bequeath to the trus-
tees hereafter appointed $25, 100000 OF
bonds OF the United States OF America;
bearing interest at the rate OF per cent.
per annum, the principal falling due in
1907; $4,000, 900 OF the second mortgage
bonds OF the Lake Shore Il Michigan
Southern Railway Company, due in 1903.
bearing interest at the rate OF per cent.
per annum;" and this clause OF the
will then includes other securi-
ties to the amount of $4O.OOO,OQO to
divided in eight equal parts. to be held in
trust for his eight children. The trustees
are to collect the income OF each OF these
trust funds and turn the same over to the
beneficiaries. None Of the fund can be
aIienated or transferred during the life
time OF the child entitled to the income
The principal, however can be willed away
by the beneficiary at death; provided they
have lawful issue. If any OF the daughters
die without issue, the amount goes to the
remaining daughters. Ii any of the sons
die without leaving lawful issue, their por
tions 20 to the sons still living, i'll equa
portions.
The eighth clause allows the trustees tc
purchase other prescribed securities wher
the others mature.
The ninth clause divides between his
eight children, 4O,OOO,OOO for their fret
disposition.
The fourteenth clause also provides that
in case OF the death of George, without
issue, the homestead shall revert to Viii
liam H. Vanderbilt, his son, or Cornelius
~, TO- lo !,
the family. He also gives to his grandson
William H., 81 900, 900, to be paid to hin
when he is 30 years of age, and the interes
to 90 to him in the meantime. In th
event of the death OF William H., the mex
to fall heir is Cornelius, brother OF tn
latter.
Sections Is, 16, II, 1S and 10 provid
for annuities of from s. 900 to $4,000 tt
various distant relatives.
PUBLIC CHARITIES.
The twentieth clause bequeaths $2OO,OO'
to the Vanderbilt University at Nashville
Tennessee.
The twenty first clause bequeaths the fol
lowing sums to domestic and foreign mis-
sionary societies: To the Primitive Epis
copal Church of the United States, $1OO,
900 for domestic purposes; to st. Luke
Hospital, 100000; to the Young Mem
Christian Association of New York, 500,
900; to the General Theological Seminar,
OF the Primitive Episcopal Church. $50,
900; to the New York Bible and Common
Pray yer Book Society, $50, 900; to Home o
Incurables, $4,000; to Protestant Epis
copal Church Missionary Society for Sea
men in the city OF New York, $4,000: tt
the New York Home for Incorporate Men
$4,000; to the New York Protestan
Episcopal Missionary Society OF New York
100000; to the Metropolitan Museum o
Arts, 100000; to the American Museum
OF Natural History, $4,000; to the Nor
ivian church at Newdorp, Staten Island
100000.
The twenty second clause reads as fol
lows: "All the rest, residue and remain
der OF all the property and estate, real
personal. and mixed OF every description
and wheresoever situated, OF which | ma.
be possessed. and to which l may be en-
titled at the time of my demise | give, de
wise and bequeath unto my two sons Cor
| nelius and William K. Vanderbilt, il
equal shares and to their heirs and as
signs for their use forever" The will fnall.
provides that the widow and the four son
shall be the executors and trustees OF tn
estate.
COlOJed Colonization.