Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1891-03-20
His Principal Gifts TO Colleges ar.
Largely Increased by His Residu-
AIRY Legatees.
All the Property Left Absolutely 10
Them in Trust They Will
Distribute.
The Northwestern University and
Several Other of the Wisconsin
Colleges Remembered.
New York Sun.

the interest excited by kis Urge bequests tc
colleges and hospitals was presently dwarf
ed by the discovery that his executors, as
resi- 1uary legatees, would get several mil
lions of his estate absolutely. 1t was said
that they would hold them in trust only,
to carry out privately expressed wishes OF
the testator, but there was nothing to
bind them so to do, and the will contest
followed.
1t came out recently that the three ex-
ecutors have executed au instrument by
which they relinquish all their rights to
the residuary estate and distribute it
among relatives and among colleges and
hospitals. They say that they. prompted
by our determination that we will not re-
tain for our own use any part OF the resld-
uary estate left to US by his will, and by
the desire to make such disposition Of his
said residuary estate as in our judgment
will best honor his memory, to dispose OF
SO much of the same as shall remain after
the payment of all lawful fees. expenses,
and charges as follows
What follows Is In ten clauses, and this
is the gist of them. Most OF them begin
I'VE give
l. They reserve the right to make and
the right to assent to any enlargement that
Mrs Fayerweather may desire of her Sl5,-
900 year under the will.
2. Ditto, as to the provision under the
will of $40, ,0G0 each for Mrs. Mary W.
Achter and Mrs. Emma S. Drury, nieces,
if the executors shall be satisfied that Mr..
Fayerweather would not have objected to
an increase.
3. They gave to Mrs. Lucy J. Beaedsiy
800, 600 III dIscparge of any claim under
Mr.. Fayerweather' letters of November
Is.
4. To Miss Anna Amelia Joyce they
of 81 600 an annuity for life instead of for
the time named in the will; TO +. NJ.
Upman an annuity of 81 900 for life.
5. To George H. Blake, $1,000; E.
Could $500: James Campbell, $500; H. J.
Stone. $500; John f. Carpenter. $50; John
Dixon, $500; John z. Bayler, 800; to Kate
Quinn, 500; Albertlna G. Hartman,
widow OF E. Ii. Hartman, s., 600 left to
him by the will; Frank H. Selman. $4,000
III addition 10 the 5000 given by the
will; Patrick Keefe $500 in addition to
the $500 given by the will; Thomas
Donahue, $500 in addition to the $500
given by the will; Owen Keefe, 5000 in
addition to the 500 given by the will; to
the Northwestern university, at Evanston,
ILL.,, 800, 900; Joseph Rogers, $500.
6. Annuities date from Mr.. Fayer-
weather's death, all other above gifts
draw interest IRON year after his death.
All are reducible ratably if the residuary
estate is not large enough to pay in full.
7. All the above having been paid in
full they give these amounts to hospitals
(thc amount already given to any by the
will is in parentheses):
Mount Sinai Hospital, SIS 900 $50, ,O00).
Presbyterian hospital, S25, 900 1925, ,000).
Woman's hospital, $50 900 $50, ,000).
Manhattan eye and ear hospital, $50, 900
1926, ,000).
New York eye and ear infrmary, S25,-
600.
Manhattan dispensary, S25, 900.
Montello home for chronic inValids,
S25. 900.
Methodist hospital of Brooklyn, s25,-
600.
st. Luke's hospital, s25 900 1925, ,OOO).
New York cancer hospital, S25 900.
Society of Vincent de Paul, in the city
of New York, $4,000.
All these gifts are without interest, are
reducible ratably if there is not money
enough to pay in full, and are to be used
to endow beds or in some other way to per-
petuate Mr. Fayerweather's memory
s. All these being paid in full the fol-
lowing gifts are named to colleges. when
any college was already a beneficiary un-
der the will the amount so given is in
Union college at Schenectady, 100000.
Haverford college, Montgomery conntv,
Pa, $4,000.
University of the city of New York,
100000.
University of Pennsylvania, s52, 1000.
Brown university, Providence, $50, 900
Havard college, 100000.
Wesleyan university, MlddietOwn, $50
900 (5l00,000J.
Princeton college, 100000
Rutgers college, 100000.
Wells female college, Aurora, $50, 900.
Elmira female college, $50, 900.
Barnard school for women, 800 900.
The Cooper union las permanent fund,
the income to be used so far as necessary
for the support of the woman's art SCHOOL,,
$500, ,000
Shattuck school at Faribault, Mimi,
S25. 900.
La Fayette college, Easton. Pa, $50
900, $50, ,0O0).
Maryv1lle College, 0,000 (s1OO, ,0OO)
Trinity College, Hartford, $50, ,OOO).
Wabash College, $50, 600 $50, ,000).
The amount In each case to be used as a
fund in some distinctive
manner. either for the erection of build
ings, the establishment Of scholarships or
other use, which in the judgment of the
authorities will be of greatest practical
benefit, the mode of use to be subject to
the approval of the executors.
The Yale college $50, 900 100000 to
be used preferably in the erection of a
building, but if the author
ities think best, for the general purpose of
the college.
All these gifts are reduicble ratabe if
the money will not GO around.
The residue, if any, to be divided into
ten parts, of which Yale, Columbia,
Harvard, Princeton, and the Presbyterian
Hospital get one each, and the Women
FIVE parts. 1t is designed that
the money given TO the Women's Hospital
shall be used 10 build a Fayerwesther
Pavilion. Until it is so used the income
is to pay for caring for poor patients.
10. The foregoing gifts are subject to
our powers as executors, to OR rights as
executors. deyisees, and legatees to turn
the general estate into money 10 the pay
ment out of the general estate Of the col
lateral inheritance tax or any tax provided
by law. and are subject further to our
rights in the event Of any question of
or design alton of either Of
the foregoing doners to determine the
same. We execute this instrument recog-
nizing that there is pending contest in
proceed ngs for the probate of Mr.. Fayer-
weather's will, and rec)gn zing further
that If such cJn'est shall not prevail a
question may Be made about our legal
rights as devisees and legatees. We as
sume no responsibility for any such con
test or Of any such question o. for
the acts or omissions Of each
other OF for the amount of or title
10 any OF said residuary estate.
Our object is each for himself. to give
away whatever may come to Us residuarv
ievisees and leeatees Of Mr.. Fayerweath-
sr's will This instrument Is to haze
oniy that effect. To make the same as
afectual as we can we deliver this instru-
ment to Stephen p Nash, Esq. of the
city of New York, and the Hon. Henry
Stoddard, of New Haven, Conn, to hold
for the doners-"
This is signed by Justus T. Bulkley,
Thcs- G. Ritch and FL. B. Vaughan In the
presence of John Parsons. and Haley
fiske.