Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1890-03-06
Several Hundred lThOus-
''and to Charity
And the Remainder to His
Son William w. Astor.
Four Hundred Thousand to the
Trutees of the Astor Library.
THIRTY THOUSAND GIVEN TO A
COUSIN. JAMES SIMMONS ARM
STRONG.
Another Thirty Thousand to Alexan-
der Hamilton, Residing at Irving
ton, as a Matter ofFriendship.

NEW YORK, Feb. 26.-The following
is the text of the will of John Jacob
Astor.
1, John Jacob Astor, of the city of New
York, do hereby make, publish and de.
clare this to be my last will aud tesla.
ment.
l. 1 give and bequeath to my friend
Alexander Hamilton, now residing at
or near Irvington, the sum of 5000
2. give and bequeath the following
legacies, namely: To the corporation
known as st. Luke Hospital, 500, 900;
to the corporation known as the Me-
tropolitan Museum of Art, $50, 900; to
the corporation known as the New
York Cancer Hospital, 100000; to my
cousin, James Simmons Armstrong,
$50, 900.
8. give to the corporation known
as the Trustees of the Astor Library
from my personal estate the sum of
$400, 900, to be paid at the expiration of
two years from my death, and to be in
vested and kept invested by said cor
poration in any stocks or securities or
property of any other description what
ever, either real or personal, in the dis
cretion of the trustees of the said cor
poration styled 1.-THE Trustees of the
Astor Library.n
And / will and direct that the net in
come of the said fund Of $500, 900 from
time to time be applied to and expend-
ed in the purchase of books to be added
to the library, and not to be used for
the payment of or increase of the salar-
les of officers or employers, nor for the
purchase of furniture or other current
expenses, nor for any other purpose
than the purchase of or binding of
books. And will and declare that the
special declaration above contained in
this third article in relation to the in
vestment of said bequest as a perma-
nent fund and the application of the in
come thereof as aforesaid are not to be
so construed as to create any trust not
legally permissible, nor 80 as to impair
the legal ownership of and control of
the fund and its income and proceeds
by the corporation as fully as may be
legally necessary to the validity of the
bequest to it Of the sum aforesaid.
4. give and bequeath to the said
corporation known as the Trustees of
the Astor Library, the further sum of
$50, 900, and request that this sum be
by said corporation invested as per-
manent fund, and that the net income
thereof be applied to paying the Trus-
tees of said corporation from time to
time fees or allowances for attending
the meetings of such Trustees at the rate
of $40 for each attending Trustee at
each meeting, and that II, and there
may be, an accumulation of such fund
after making such payments 30 as to
permit the raising of the rate of such
regular fees or allowance and the pay
ment thereof out of the net income of
such fund, without trenching upon the
capital. The rate of such regular fees
or allowances may be raised from time
to time by resolution of the Board of
Directors to such extent as they, in
their discretion, may deem fit, and as
the net income of the fund, without
touching upon the capital. may suffice
to pay.
S. All the rest, residue and remain
der of the property and estate, as we'll
as personal, and wheresoever situated
which at the time of my death shall be-
long to me or be subject to my disposal
by will, I give, devise and bequeath
unto my son, William Waldorf Astor,
absolutely and in fee simple to him, his
heirs and assignees forever, according
to the nature of the property.
6. appoint my son, William
Waldorf Astor, and Charles F. South
mayd, of the City of New York to be
executors of this, my will. In witness
whereof have hereunto set my hand
and seal, the 9Th day Of January, 1888.
J. J. ASTOR,