Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1886-08-12
MIR. TILDEN'S WILL.
The Manner in Which His Great Wealth
is Distributed.

New YORK. Aug. IL.
The will of the late Samuel j. Tilden is
made public. Mrs. Mary b. Pelton, his sis
ter, is given the use of the house 3Sth West
street during her life, and two sums of
$50, 200 each are to be invested and the in
come given to her while she lives. After
her death the use of the house and of the
$4,000 will go TO Laura A. Pelton, Tilden's
grandniece, unless Mrs. Pelton makes other
provisions for the property in her will, as
she is empowered to do. If Laura Pelton
leaves heirs the house and principal of $50
900 will be paid to them. If not she may
will away the house as she chooses, while
the $50, 900 will go into Tilden's trust fund,
provided for further along in the will
The use of the other $4,000 is set aside
for Mrs. M. B. Pelton, and will, at her death,
be transferred to Mr. Tilden's niece, Caroline
b. Whittlesey, during her natural life and
then the amount TO be paid to her heirs, or,
if she has none, to be used az her will shall
direct. Another $50, 900 is also to be invest
ed for Mrs. Pelton's benefit during her life,
the amount then to go into the Tilden fund
or be used as the trustees direct.
Lucy A. and Susan B. Tilden, widows of
Moses Y. and Henry A, Tilden's brothers,
and Caroline b. Whittlesey and Henrietta
A. Swan, nieces, are to be provided for by
investments of $500 each, while Lucy +.
Tilden is also to have during her life the use
of the new Lebanon house, formerly occu-
pied by her husband Geo II. and Samuel
j. Tilden, nephews, are to each be benefited
by the investment of $75, 900; Ruby S. and
Susan G. Tilden, nieces, by investments of
$3.50, 900 each, and Anna J. Gould and Marie
Celest Staufler, by investments of 500, 900
each, all of these sums to go at the death of
the beneficiaries either to their heirs or to
the objects provided for by their wills or by
Mr.. Tildens own will.
Various loans to relatives, including $780,
600 to the estate of Henry A. and Moses Y.
Tilden, brothers, are released. A number
of smaller bequests are made, his servants
being remembered with sums varying from
$500 to $4,000. In the bequests to relatives
the will provides that in each case where the
trust is for the benefit of female, said in
come shall be kept clear from the control or
interference of any husband said female now
has or may hereafter have; such income
being intended to be sacredly devoted to the
personal use of said female and not to be
pledged, encumbered or anticipated by her.
The executors and trustees are authorized
to establish a library and free reading room
in New Lebanon and another in Yonkers,
about 100000 being set apart in each case
to be Incorporated. Tilden then requests his
executors and trustees to obtain as speedily
as possible from the legislature an act of in
corporation Of the institution to be known as
the Tiden trust, with capacity to establish
and maintain free library and reading room
in the city of New York and to promote such
scientific and educational objects as my said
executors and trustees may more particularly
designate, such corporation shall have not
less than five trustees with power to fill vac
ancies in their number, and in case said in
.titution shall be incorporated in form and
manner satisfactory to my said executors and
trustees during the life time of the survivor
of the two lives in being upon which trust of
my general estate herein created is limited to
wit; the lives of Ruby S. Tilden and Susan
Whittlesay. l hereby authorize my said
executors and trustees to organize said cor
poration, designate the first trustees thereof
and convey to or apply to the use of the same
the rest of the residue and the remainder of
all my real and personal estate not specially
disposed of by this Instrument, or so much
thereof as they may deem expedient, but sub
ject nevertheless to special trusts herein di-
rected to be constituted for particular per-
sons and to obligations to make and keep
good said special trusts, provided said cor
such obligation.
But in case an institution is not incorpo-
rated during the lifetime of the persons NELL
| toned, or if for any reasons the trustees con-
slider it inexpedient to apply part or the
whole of the property referred to to the insti-
tuition, they are authorized to use it for such
charitable, educational or scientific pur-
poses as will most substantially benefit the
| interests of mankind. The trustees are au-
thorized TO publish such of Tilden's speeches
and other writings in any form they may
deem expedient and to destroy the others.
Ten thousand dollars is set apart for keeping
in repair and adorning the new cemetery
where TiIden's relatives are buried. The
will is dated April 23d, 1884. and is withess-
ej by Edward II. Dixon of Hastings, and c.
E. Simmons and Leighton Williams of New
York City.