Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1886-08-13
DIVISION OF TILOEN'S WEALTH.
The VIII Read at Greystone-Hi Rel
atives well Provided.

NEW YORK, August 9.-The vii
of Samuel j. Tilden was read thi,
afternoon by Lawyer James c. Car
ter, of this city, in the presence o
all the relatives, except those in thu
West. The document Is a Ions
one. containing about ten thousand
words, and would occupy about
five columns of nonpareil type o
any one of the great dailies. BE
sides the family there were present
the Hon. John Bigelow, Andrew II
Green and Mr.. Tllden'S private sec
rotary, George w. Smith.
Colonel Samuel J. Tilden, who
spoke for the family, said that not
a word about the will could be
given to the press. The family had
decided, he said, that no intimation
of the terms of the will should be
made public until it was offered tor
probate, and as the date had not
yet been fixed for that, he could
not say when it would be given to
the press.
Later, Hon. John BigelOw was
seen by reporter at his house, No.
u Gramercy Place, and from him
was learned the following facts
about the will: Mr.. Bigelcw, An.
drew II. Green and George w.
Smith are named as executors and
trustees. All OF Mr.. Tilden's kin.
dred are generously provided for in
this way. The whole estate is
placed in the hands OF the execu-
tors as trustees. Each heir is TO
receive an equal share in the line
of his or her consanguinity; that
is, nephews and nieces equal
amounts and their children certain
but they are to receive
only the income derived from an
equal separate specific sum, the
principal at their death to be dis
posed Of in "A manner winch Mr..
lilgclOw could not state. None OF
his relatives, he said, except Mrs.
Mary b. Pclton, his sister, are Civ
en- any specific bequest forever
To her he bequeaths the residence,
No. IS West Thirty.cighth street,
and the sum Of 100000 to live
upon. All of his real estate, ex-
cept this, is placed in his executors,
hands, to be disposed of as they see
fit, either by sale, rental or ex-
change, Greystone and the Gram.
Grey Park property falling under
the same rule. The executors are
first charged with duty of setting
apart for his relatives the sums
named for them, from which the
several incomes are to be derived.
This done, it becomes the duty of
The executors and the trustees to
carry out his wishes regarding GER
ain public beneficiaries. They are
charged with the duty, first of es-
-abishng a free library in his ma
i've village-New Lebanon; also,
n YOnkers, and if in the discretion
If the trustees they choose 20 es-
.ablish a free library in this, they
nay do so, and if not, they are at |
liberty to use the funds that q free
library would cost in the promotion
If any charitable or educational
;lause. \ great deal Is left to the |
discretion of the trustees. In gen
,ral terms, the relatives are hand
;Omely taken care Of by the receipt |
II specific incomes, which consumes,
'Ir. Blgelow says, an amount MOTTO
exceed one-third Of his estate. All
he rest and residue is devoted to
he public good, and the trustees
re charged with the responsible
Iuty of choosing such methods as
hall prove the greatest good to the
,ublic in the disposition of this
The estate is not as large as es.
mated by some people. The
alue has been placed at Sl0,0O0,-
90, but Mr.. Bigelow says that is
ouble its real value.
AS regards a public library in
his city, that matter is eft to the
iscretion of the trustees, both as
D location, equipment and costs.
Ience, the city will have a library
the trustees think that the funds
! their hands cannot be used for
nc public to better advantage.-
he instrument most likely will be
Ilered for probate in this city, the
w giving the executors the right
choose the place of probate
here a person OWNS property in .
ore than one county. Citations
i'll be issued tomorrow from the
lrrOgate Court to all the relatives
be present at the probate. t
Mr.. Bigelow returned to Grey
one tonight, Col. Tilden, Geo. Ii.
lden, Mrs. Pelton the Misses J