The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-13
A Voluminous Document Carefully Directing
the Manner in Which the Money, Bonds,
Stocks, ETC., Shall Be Distributed.
Each of the Eight Children Given the
Sum of Ten Millions Of Dollars,
Illus and William K.-The Widows Share
One Million Dollars Given to Charity.


lex w. and George Vanderbilt, in the order
named. entered the surrogates Office and imme-
diately appeared before Probate Clerk Charles
Beckett for the purpose of filing the will of Will
lam FL. Vanderbilt. The following is copy of
the document:
81, William n. Vanderbilt, of the city of New
York. do make and publish my last will and tes-
lament, as follow. VIZ:
First devise unto my beloved wife, Maria
Louisa, for and during her natural life, the dwell
ing house in which now reside and the lot on
which it sta: DIS"
After describing the property, the will contin-
ues
II also give and devise to my said wife, for and
during her natural life, the three lots of land on
the northeasterly corner of Madison avenue and
Flfty-second street. in the city of New York, to-
gether with the stables and implements thereon
and during her natural lfe all the paintings
pictures, statuary and works Of art which may
own at the time of my decease, except the por-
trait and the marble bust of my father, which
give and bequeath to her, for and during her
natural life. all the furniture of every descrip-
ton, including plate. silver, library, ornaments,
musical instruments and other articles of house
hold use which may, at the time of my
decease, be in or appurtenant to my present
vehicles. harness, stable furniture and imple-
ments which l may have on hand at the time of
my decease and usually kept in my said stables
on Madison avenue and Fifty second street. and I
empower my wife, during her life, to exchange
or dispose of any of my said household furni-
ture and other chattes, except pictures, statuary
and works of art l also give and bequeath to
my said wife an annuity of 5000, 900 per an
mum during her natural life, to be computed
from the date of my decease, and paid to her in
ING nj nov nnfo ftn~ AL
direct that sum sufficient to produce
such an annuity be set apart and at
all times safely invested by my executors for the
purpose during the life of my wife, and en-
power her to dispose by will of 100000 of the
principal OF the same as directed to be set apart
in any manner she may desire. and which shall
be legal All taxes, assessments and charges
which may be imposed on the real estate devised
to my wife for life shall be payable by her dur
ing the same period. and declare that the fore
going devises and requests to her are to be in
lieu of DOVER
Second devise unto my daughter, Margaret
Louisa, wife of Elliot F. Shepard, her heirs and
assigns forever, the house in which she now re-
sides and the lot on which it stands (which lot
the will then describes as being located at Fifty
second street and Fifth avenue southwest cor
ner) together with all my rights in Fifth avenue
and Fifty second street. in front of said premi-
''Third-I devise to my daughter, Emily
assigns, the middle of the three houses
erected by ME On the westerly side of Fifth av-
enue between Fifty-frst and Fifty second
streets, and the lot on which it stands
FOURTH devise unto my daughter. Flor
ence Adele, wife of Hamilton Mex. Twombley.
her heirs and assigns forever, the lot of land on
the southwest corner of Fifth avenue and Fifty
fourth street in said city, and part of the lot in
the rear thereof, fronting on Fifty fourth street.
These premises are then described. aud the will
fhapv will khn Hrua1 49,
erected on said property, and all my right, title
and interest in and to the street and avenue
bounding said premises.
"Fifth-I DEVISE unto my daughter Eliza O..
wife of William g. Webb. her heirs and assigns
forever, the lot of land on the west side of Fifth
avenue, next adjoining on the south the corner
lot described in the next preceding fourth clause
of this will, and also the remaining part of said
rear lot fronting on Fourth street. The strip of
land on the westerly side of the lot fronting on
Fifty fourth street is given to my said daughter
Eliza O., and the easterly line of said lot may
be shaped in such manner as shall be or has
been devised by the architect in charge of the
erection of said two houses, but in keeping, as
nearly as possible, with the dimensions herein
before described.
"Sixth-Should the dwelling houses now be-
ing erected for my daughters Florence, Adele.
and Eliza o., upon the two lots of land devised
them, not be finished at the time of my decease
desire that they be completed as soon as prac-
ticable thereafter, at the expense Of my estate
Seventh give and bequeath to the trus-
tees hereinafter appointed $25, 600, 900 of bonds
of the United States of America bearing inter
est at the rate of per cent. Der annum. the
principal falling due in the year 1907; 81 900 900
of second mortgage bonds of the Lake Shore 81
Michigan Southern Railroad Company. due in
the year 1903 bearing interest at the rate of 7
per cent per annum; $500 900 of the frss mort
gage bonds of the lastnamed company due in
the year 1900, bearing interest at the
rate of per cent per annum; So, 900, 900 of the
sinking fund bonds of the Chicago s. North
western Railway Company, due in the year 1929,
bearing interest at the rate of 6 per cent Der
annum; So, 600. 600 of the sinking fund bonds Of
the last named Company, due in the year 1929.
bearing interest at the rate of per cent. per
annum; 100000 of the general consolidated
sinking fund bonds of the last named company
due in the year 1915 bearing interest at the rate
of per cent per annum; ST. 000, 900 of
the mortgage bonds of the New York
Central Railroad Company, due in the
year 1903. bearing interest at the
rate of per cent per annum, and 81 900, 900 of
the mortgage bonds of the New York & Harlem
Railroad Company, due in the year 1000, bearing
making in the aggregate $40 600 900 of the above
named securities at par-in trust to divide the
same into eight equal parcels of $1,000 900 each,
and each of said parcels to contain an equal
amount OF each of the above-specifed kinds of
bonds; to set apart and hold one of said parcels
William K, Frederick w. and George w. Van.
derbilt and one of said parcels in trust for each
of my four daughters, hereinbefore named, and
to collect and receive the income of each
said eight trust funds and pay the
same over, az it accrues and is collected to the
beneficiary for who it is set apart during the
life of such beneficiary, and direct that
no payment be made in anticipation of such in.
come, and that no part of the principal of either
of said trust fund be paid over or alienated or
transferred during the lifetime of the child en-
titled to the income thereof aud upon the death of
each of my said children, direct that the princi-
pal of the fund so set apart and held in trust for
him or her be paid to his OF her lawful issue in
such shares or proportions as he or she may, by
last will, have directed or appointed, and in de-
fault OF such testamentary direction /
direct that such fund be divided
among his or her lawful issue in the
in which they would
be, by law, entitled thereto, had my child so