New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-10
AUGUST BELMONT'S WILL.
HIS FAMILY GETS ALL THE PROPERTY.

HIS FAMIoI GELS ALL TIE PROPERTY.
THE PICTURES, FURNITURE AND OTHER ARTI
Giles IL THE FIFTH-AvE HOUSE. TO
GETHER WITH LARGE FORTUNE. co
TO THE DEAD M,N's wIFE-THE
RESIDUE As WE'LL As SPECIAL
REQUESTS FOR THE
CHILDREN.
The will of August Belmont was filed In tho
Surrosatc's Office shortly after O'Clock Yesterday
afternoon, and before the office closed AT 4
O'Clock the document was admitted to probate.
Two of the executors. Walthcr Ldttgcn, NJ. Bel
mOnt's partner and Perry Belmont. made the pc
tition for thr probate. and all the hencciaries
and ncNt Of kin waved iiaions the will was
admitted 10 probate immcdiatcly. The will was
executed on January ~, 1899. and one codlcil
added, dated August Is. of the same year.
II WAS filed by q member of the firm of Strong ~
CadwaaGer. The executors are Walther Lutt-
gen Of Linden Y. j.: Mr.. Bclmont's three sons
aud his widow. Caroline Sdcll belmont. Tho
witnesses to thc will are Lewis Cass Lcdysrd,
George II. Ralkam and George A. Miller, and
III, 10 the codicil Lewis Cass Ledyard Henry
i. Ely and George \. Slater The will is an ex.
coclingly long document. The general provisions
are TIA, not n cent goes for charity, tie race
horse, are all 10 be- sold. and the entire property
gocs to Mr. Bclmont's widow and four children.
The first provision IS as follows:
direct MY executors 10 pay all my just debts
and funeral cNpcnsrs and 20 sell all my horses
used for racing or breeding, and establishments
ior breeding or training horses. together with
all my property whether real or personal occl-
pied. held or used in connection with or for the
purpose of said establishments
This is the only portion of the will which
mentions the racrg stock in any way.
The widow. Caroline >iidcll Belmont, receives
all the household furniture, books paintings. stat
ary and other articles of use and ornament IN
the town house. al Tifth-avc and Eehtecnth-st,
i'm thi, city. and in the house al Newport, and
all tie carriae,s and horses. except the racing
and breeding horses. She has the power 10 sell
all tAis property, ard at her death the executors
are instructed to sell all the remaining property
with the exception of the family portraits, the
picture of the Queen of Holland. n marble bust ot
Nr, Belmont a marble huSt OF Commodore Perry,
, sfo.ucfir of the tcstator'S daughter Jennie and
q s.otue,tp of his son Oliver Hazard Perry Bel
mont The proceeds Of tine sale of the propcrty re-
naming after Mrs, Hemonts death is 10 be added
to tic General cstltc. Mrs Belmont has for hcr
use during Lcr lie the house at Fifth-aVc. ana
Tiqhtcrnth-st.. the house and lot at NO. III
F!fth-2vc.. adjoining the family mansIon ana thc
country house M Newport She also has the
power 10 sell all of this property. the part re-
naming unsold at her death 10 go 10 the gem
cral estate Pcsdcs this. she receives by the
will the sum of 81 .15j. 100 in bonds. the income
Of which is ahout 81? 600 year. and the codlcil
add, the sum Of Si9o.1l0 in bonds 10 tho first
amount 11!,,a bones are 10 20 held in trust ny
Walthcr Iuttgen tor Mrs Ielmonts beheni dur,
inl her lilc and at her death they are To Ne solp
and the proceeds divided equany oc,ween nI;n, ,g
tostatorS three sons. Perry, August anu ohver
Hazard Perry Belmont and the children then hy-
ing 81 his daughter. Frederika Rowland, the WIG
To his daughter is also brqueathed the sum
of SJtf.1jO in securities the income of when Is
S?j.o0o year. Her issue is TO receive mes
bond, at her death. and if She should die without
children her husband receives the income OF tne
bond, drrine his fc and at his death they revert
To ihc three SONS oi the t'sator
Perry Belmont receives the income during MS
life of bonds amounting To S5>2.2JO. which are
placed in the hands OF Mr.. LuttSen as trustee
The present yearly income from these D0nds
amo,inis To Sl9.iUO ~ his death Perry BEL
mont has power To dispose of these securities ny
will Exactly the same provisions are made for
thc t,yo' sons AUGUST and Oliver Hazard Perry.
The residue oi the estate Is 10 ne conVerte'
into cash and divided equally among the three
sons The will contains clause 10 Tie cbcct
or her share Shall be- forfeited and shall 90 to the
threr s,us Then there is the following clause
Rpt no person shall be- entitled 10 take. under the
proyi~ons of this article, ~ issue Of my sald
son Oliver Hazard Perry Belmont. except sucn
issue he may have by some wife whom ne shall
hereafter marry.
Tie c\ccuto7s are exempted from giving any
security or from filing an inventory OF the estate
Watacr LuttScn and AUGUST ana Perry Bclmont
niolif;cd as cNccutors but the other executors
named IN tine Will did not quality.
10 Wathcr IUtt2cn Is Icircathed the sum ot
81 600. wiich NJ Belmont requests Mr. l.nttcen
10 fake - compensation for his iroAhlc IN set'hns
tho estate. and in lien of tine commissions no
would otherwise receive as executor ana trustee
\frrr the special hclucS's have been pad thcrs
,vlI remain rc,idldry estate which is estlmated
", about :; 0o0.0G0 This Will br divided
,uorr the three sonS Perry. August. n. ana
Oli,cr II r. who are namcl as resldnarN egatees
Tb, will being absolutely silent aS 10 the CON
t,nuotion Of the firm of August Re mont a GO;
tbat firm will cease 10 exist Another him VIII
n,scl of members of the family and Walter