New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-11-02
MRS. STEW4RT,s WILL

Mrs. Stewards will is an intricate legal
document which will be closely scrutinized by
the public. The original text bears date July
>, SIT. After providing for legacics for
relatives amounting to $l,i5O, 900 and
annuites aggregatIng $4,000, it divides the
residue into equal parts. one of which is given
to Mrs. Stewards nephew, Charles j. Clnch,
and the other to ia ige Hilton. In the codicils,
of which there are four additional legacics
amounting to S7j, 900 are authorized, and the
disposition of he remainder of the estate is
modified by various conditions. The one half
first bequeathel to Charles J. Clinch is to be
shared. half and half, by him and Sarah n.
Smith, Mrs Stewards niece, To whom $25O,0OO
was originally given, with 100000 for her
children The one-half bequeathed to Judge
Hilton is converted into n trust by the first
codicil, and the management and disposition Of
it are left entirely at his discretion by the
subsequent c0d;cils.
The objects of this trust are defined by the
first codic, bearing date May 27, 1873. One
half of the residuary estate, previously given
outright to Judge Hilton. is to be held by him
in trust for the completion and endowment of
the Cathedral in Garden City, the construction,
equipment and endowment of two Cathedral
schools, and the erection of such other build
ings at Garden City as the Bishop of Lung
Island and the trustee may agree upon. If the
estimate Of the Stewart estate generally ac-
copied be approximately correct, this cOdicl
provided for an expenditure Of between
So, 100000 and $lO,OOO,O0O upon the
Cathedral, the schools, and other buildings. a
second codici, dated July 2, 875, empowers
Ia IN RI ha ru al ot
discretion, and whenever he considers that the
objects have been accomplished to distribute
the surplus If there be one, among the legatees
Provision is also made for continuing the trust,
and the period is limited by the lives of two of
the legatees. third codicil subdivides
Charles J. Clinch's one-half of the residuary
estate. fourth and final codicil revobes all
the provisions relating to the Cathedral and
Institutions in Garden City with the exception
that the trustee is authpriz ID at his discretion
10 erect and endow Il second school and other
buildings.
Mrs. Stewards intention obviously was to
devote one-h half of her estate. fter legacies
amounting TO 81, 100000 had been deducted,
I'd the erection of the Cathedral and various
buildings in Garden City. The Cathedral and
a school for boys have zen erected and con-
veyed to the Diocese of Long Island. The
Cathedral has been endowed to the extent of
$4,000 year. The school is self-sustaining,
but is not endowed An Episcopal residence
has also been built. What the aggregate cost
of these buildings has been the public has
never been informed on good authority. AS
the value of the entire estate is a matter of
conjecture, there can be no means of dctermln-
ing whether the trust fund originally set apart
by Mrs. Stewart for various memorials to Der
husband has been exhausted or not. The
trustee is empowed at his discretion to construct
a Cathedral school for girls and other buildings
and to distribute among the legatees the sur
pins of the trust fund if in his judgment 1T
seems expedient to do 80. Never was Il trustee
armed with larger powers than Judge Hilton
has been by these several codlc Is The
absolute confidence which the merchant prince
reposed in his friend was maintained by Mrs.
Stewart to the end of her life.