Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1891-03-26
His Principal Gifts to Colleges ar.
Largely Increased by His Residu-
airy Legatees.
All the Property Left Absolutely to
Them in Trust They Will
Distribute.
The Northwestern University and
Several Other Of the Wisconsin
Colleges Remembers d.
Eew.York Sun.

When the Will OF Daniel b. Eayerweath
er was offered for probate last Decembe
the interest excited by his large requests t,
colleges and hospitals was presently dwarf
ed by the discovery that his executors, a.
resi- iuary legatees, would get several mil
lions of his estate absolutely. 1t was sale
that they would hold them in trust only
to carry out privately expressed wishes Of
the testator, but there was nothing tC
bind them so to do, and the will contest
followed.
1t ca me 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
hospitals. They say that they, prompted
by our determination that we will not re-
tain for our own use any part of the resid-
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
TIE 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
1--WE 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 d year under the will.
2. Ditto, as to the provision under the
will of $4,000 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
800 900 in dlscparge of any claim under
Mr.. Fayerweather letters of November
| IS
f. To Miss Anna Amelia Joyce they
gave 81 900, and they make her annuity
of 81 900 an annuity for life instead of for
the time named in the will; to E. M.
Upman an annuity of 81 900 for life.
5. To George H. Blake, $1,000; E.
Gould, $500: James Campbell, $500; H. J.
Stone, $500; John E. Carpenter, ESQ; John
Dixon, $500; John c. Bayler, 5000; to Kate
Quinn, 800; Albertina G. Hartmann,
widow of E. H. Hartman, 5000 left to
him by the willy; Frank H. Sellman. $4,000
in addition to the $4,000 given by the
will; Patrick Keefe $500 in addition to
the $500 given by the will; Thomas
Donahue, 5000 in addition to the $500
given by the will; oven Keefe, 5000 in
addition to the 500 given by the will; to
the Northwestern university, at Evanston,
ILL.,, 100000; Joseph r Jgers, $500.
6. Annuities date from Mr.. Fayer-
weather's death; all other above gifts
draw interest from 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, 200 $50 000).
Presbyterian hospital, S25 900 1926, 000)
Woman's hospital, $40 900 $4,000.
Manhattan eye and ear hospital $50, 00C
1926, 0OO).
New York eye and ear infrmary. S25,.
600.
Manhattan dispensary, $25 900.
Montello home for chronic invalids
S25. 00O
Methodist hospital of Brooklyn, S25,,
900.
St. Luke's hospital, s25 1000 1926, OOO).
New York cancer hospital, 5000.
Society of Vincent de Paul, in the city
of New York, 100000.
A II these gifts are without interest, are
reducible ratably if there is not money
|
to endow beds or in some other way to per
petuate Mr.. Fayerweather' memory.
8. All these being paid in full the fol
lowing gifts are named to colleges. When
any college was already beneficiary I'M
der the will the amount so given is III
parentheses):
Union college at Schenectady, 800, 900
Haverford college, Montgomery comfy
Do 9S0 000
University of the city of New York
100000.
| University of Pennsylvania, $4,000.
Brown university, Providence, $50, 900
Hazard college, 100000.
Wesleyan university, Middletown $50,
900 (S100,O00).
Princeton college, 100000.
Rutgers college, 100000.
Wells female college, Aurora, $50 900
Elmira female college, $4,000.
Barnard school for women, S1OO, 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)
100000.
Shattuck school at FaribauIt, Mimi.
S25, 900.
La Fayette college, Easton, Pa, $50,
600, (s50,0O0).
Maryville College, $4,000 (s1OO,OOO).
Trinity College, Hartford, 0,000).
Wabash College, $50, 900 $50, 000).
The amount In each case to be used as
Fayerweather fund in some distinctive
manner. either for the erection of build
ings, the establishment of scholarships o.
other use, which in the Judgment of tn,
authorities will be of greatest practica
benefit the mode of use to be subject t,
the approval of the executors.
The Yale college $3.50 900 (SI0O, OOO), t.
be used preferably in the erection of
: Fayerweather building. but if the author
5 tiles think best. for the general purpose O
l the college.
D All these gifts are reduicble ratable i
: the money will not GO around.
The residue, if any, to be divided int
Q ten parts, of which Yale, Columbia
| Harvard. Princeton, and the Presbyterian
Hospital get one each, and the Women
Hospital FIVE parts. 1t is designed tina
the money given to the Women's Hospita
: shall be used to build Fayerweathe
n Pavilion. Until it is so used the incom
is to pay for caring for poor patients.
10. The foregoing gifts are subject t
our powers as executors, to odr rights a
! executors. devisees, and legatees to tur
I the general estate into money to the pay
ment out of the general estate Of the col
lateral inheritance tax or any tax provide
by law. and are subject further to gu
L rights in the event of any question Q
n ident ifcation or designation of either G
the foregoing doners to determine th
same. We execute this instrument recog
0 nizing that there is pending a contest i
| r..