New-York tribune., 1891-05-09
MRS. C. j. osBORN'S WILL.
LIBERAL LEGAoIEs TO HER SON HOWELL.
YALE COLLEGE COMES IN FOR SHARE OF
THE EsTATE-A HOME FOR AGED


Charles j. Osborn, the stock broker, was FLED ior
nrobate Yesterday The general provisions are that
Vale College receives Si50 600 for the memorial nan
20 her husband which has already been estaDnShea'
and Yale VIII got another sum on ccrtaIh Gun
tineenccs the Miriam A. Osborn Memorial Home Is W
be established and Howell Osborn the son. se's tne
income Of q large amount. Mrs. Osborn died IN TINS
CITY ON March Ia last. The Will was eAecu'ed OH
1une 1885, in the presence Of j. o. Bloss' OF NO. u
pa.t Forty .nventh.st; G. II. Church. OF Ridgefeia-
~ 1 and John A. Carver, Of No. 325 West t1f'y-
eixtb.st The executors and trustees under the VIII
arc John " Sterling and the Central Trust company
Inn tc.tatrix places all Of her son HoweWs share
safely ont Of the reach OF any wife VINO mas oeeh
professopai actress or any children Of marriage
With An actress The executors are charged TO dis
trbnte $4,000 among servants In the employ OIL the
tstator for at least three years prior to her oeatn
None Are to be pccuded because they left her service
ON account Of inhrmihes.
fund df 100000 is established for Howea osoori
The income is to be paid to him doring life and ne
may dispose df the principal by Will to such hneai
descendants "as may be tho issue OF marriage
between him and wife, who, prior 20 such marriage
had not at any tim6 acted sung or danced proies
sonally. or otherwise performed for hire on a
dramatic stage or other place VI public anuscnent or
entertainment II he dies without Issue. the tuees
are directed TO pay the remainder OF the fund % tae
Memorial Home Association, which Is to bear heT
an institution Incorporated with powers and franchises
similar to those Of the Home for Respectable
Aced and INDECENT Females, 10 be managed BY not
less than five managers 10 be selected for the first
YEAR by the trustees II tiis Is not incorporated as
the time Of Howclls death without issue, the net
income Of the 100000 IS 10 so to the deoedcnVs
niece Henrctte Olive Trwbtdge, the daughter Of her
lead brother Clement J. Trowbrdge. III she dies
before the Incorporation and docs not leave Issue, The
income is to be divided between the Home for Respect
able Aged and Indigent Females at Tcntiave. and
One-lundred and fourth-st. and Yale College
II Howell Osborn executes, within thirty days after
demand from the trustees waiver and consent 20 the
probate of the WILL he is receive the income OF an
additional 100000. At his death without issue the
same provision r. made as In the irst fund.- during
his life the trustees may apply the whole or any
part OF this fund TO his use they deem 1t best
for his welfare. Howell also gets the Income for llfo
of ooehah of the residue Of the estate II he executes
the consent. If he fails 10 do this Or dies without
issue 1t IS to 60 TO the home Mrs Osborn desires to
establish and II that isnot Incorporated at the time to
the niece, or II she dies without issue to Yale and
the INDECENT Females institution until the new home Is
incorporated
The following trusts are also established by the
viii: $4,000 for Mary A. Walker. sister; $4,000
for Leila 0. HenHques, wife Of William A.
Henriques also a sister; $4,000 for Leila
HenrqucS. niece; and $4,000 for Minnie Carson, a
daughter of William Z. Howell In case of the death
Of any Of these enehca1es without ssuo the income
is to 60 to the home If incorporated, ana IL IL IS
not. to the institutions mentioned.
She gives S15OOO0 IN trust to her trustees for the
erection ON the grounds of Yale College of recitation
hail. dormtory other building as memorial to her
husband, and furnishing 1t with books works OF art,
etc this trust Is void the bequest is made absolutely
TO the college. II the Memorial Home Association IS e'-
tabshed all Of the tesators real estate III Westchesr
County, except twelve and six One-hundedths acres at
Ncehi IL In IL.
dollars is aiso devised for the purpose OF altering ana
equippng the buildings on the property.
After giving one-hsh OF the residue as already
mentioned, to Howell, Mrs. Osborn belueaths one
quarter of the remainder 20 Yale College and the oner
one-ouarter to the Memorial Home Assocatio1 IL this
is not Incorporated this quarter 10 be held IN ust
for the niece Henrettc Ohve TrowbridSe. II she
dies without issue and tine Incorporation has not YET
been effected, the income Is to go 10 the home Ioi
Respectable Aged and INDECENT Females Out OF TINS
amount 100000 is to be used to erect ohloineS tut
aged females to be known or designated In soms con,
spc1ious manner as The Miriam A. Osborn Memoilai
Home for Aged Women" Unless this condiHo. Is 40
fHowei Osborn viii reap the benefit Of all the trusts
established bsig for him Me- Me- 1s fSpey sSe0ps pSb c
fhe testimony OF the subscribing witnesses yesterday
morning and The will viii be admitted 70 rSoto' ,or
memorial hall to Mrs. os6orn's husband IS nuilifed Fed
By prOyMon Wis that n n css 5 M S5G ep saoS f Be- oaace
Since she made the WILL Mrs. Osborn fas erecueI t.e
pGaDs aHD sDS S:h s ui.d Is at s CSv n aS @ Yale how
ever receives onequarter Of the residue OF ue @ SS
after the specific bcquests have been paid InSse
amount TO ab0ot 81 oo5 80 onotourh Of the value
OF the estate above thai sun will go 10 the university
the gs propeaS i by r MTs Vs osborn Is Worth As
In such cases, estimates vary widely ConservaM'iVe M
the estate viii amount to not much over 49, 900 600,
while some who are inclined to exasgeTGe plsce tT,s re
dollars. s There is Likelihood, however, that this
sEs sgRF1as mord Is San t oT s3 S @pOse
Ss,G the ls1res cures viii reach 100000 bcsdcs this SUN
million dollars more In certain contingencies, which
are be oueston Of how Mrs Osborn came 30 single
out Yale among all the colleges oIEi rnivc,tGs r.,
Neither her husband nor son was graduated at Yale
II is said that G. j. Osborn took great interest ere N
the edUcan Of I aS Rs %u se 'as @
institution of learning She chose Yale because shs
MPsht and Others Who are connected With that uni
yersit The name Of the gver Of the new recitation
' .Se slft was announced and the public made many
eses in rns yin 2 to hit b 6 qpos t the right perS rs
Osborn e;a: c cnIshy RSsGTs Tss %ea s, GS1
Osborn died. the country place at MamsToneck an,
snS an Specially nss attractive one the hcuse On Il ben
among the handsomest In WestcSestcr County. 1t wa
finished BY SasSs M 0Sq % S%1Smbe1 SHS so time 0efOr
The plot that Immediately surrounds the COUNT.
residence remains part OF the Osborn estate, the rest
tHe land in Weschestcr County going to the home fe
aged women 10 be established in memory q Mrs
Osborn. This land thus bcQueathed 10 the iNsttitio
was said last night to amonnt TO about twenty tiv
acres which contains q number of houses. Cor
eiderabe discretion Is vested in the executors. VII
NAV found the home on that land. or exchange I'll
property for some which they may think better suite
Tor the purpose. Mrs. Osborn would probably hav
preferred however. 70 have the home al Mstnaronecl
The institution viii receive oneQuarter Of the resid
of the estate. or from SG30o00 to 100000, III
land mentioned and $4,000 for improvements
the buildings besides having n contingent cl.sl
on nearly 81 900 600. The home wifb unsectariar
in accordance with Mrs. Oscoras WISH.
A most Important circumstance Is the fact that th
will cannot be contested, since Howell Osborn has cor
sented 10 its probate. He IS the only next on KY an
no one else las a right 10 start contest. fafe az
the home for aged women will therefore receive the
money without being put 10 the expense tie delay az
the risk Of a law snt.
The will puts Howell Osborn In possession OF al ea
81 500 900. and perhaps more, which, Win the II