The record-union., 1892-12-08

Causing Much Damage to Tele-
graph Wires and BIockading Rail-
way Traf1ic-Cyclone in Texas.
Special to the RECoRD-UNIoN.
| New YORK, Dec. An abstract of the
will and codicils of the late Jay Gould
has been given to the press by Judge
| Dillon, counsel for the executors, who
stated that it was full and complete, also
that it had not been determined when oi
where it would be presented for probate
| The original will was dated Dec. a, 1855.
Gould, on the 10th day of February, 1889
executed the first codicil, making such
changes as became necessary by the death
of his wife. The. second and third codi-
ellis were executed on the 2lst of Novem-
! Der, 1892. Following is a full and ac-
curate summary Of the will and codicils:
TO his sister, Mrs. Northrop, and
| daughters, the lots in Camden, \. j., on
which they live, also a bequest to Mrs.
Northrop of 600, and the further sum
of 81, 600 annually during her life.
| Similar bequests Of S25, coo and an an
nunity of s., 600 are made each to his sis
ters, Mrs. Anna G. Hough and Mrs.
| Elizabeth Palena, and to his brother,
Abraham Gould.
To his daughter, Helen NJ. Gould, he
| gives in fee simple and absolute the
| house in which he lived at SO Fifth
| Avenue, and all the contents therein.
To his son Edwin, lie gives in fee sim
pie and absolute the house at East Fourth
! street, with all the contents therein.
10 his daughter Helon, he made a spe-
cific be4uest of his portrait, painted by
! Har5omer. He also gives to his daugh-
| ter Helen, until the youngest child shall
arrive at age, the use OF his residence at
| 1rvington, commonly called the "Iynd-
| hurst" free of taxes, and all contents
therein. and also the sum Of $4,000 per
month, stating that this is done in ex-
! pectation that the minor children, Anna
and Frank j., as well as his son How
ard, WILL during the period above, pro-
vide for and make a home with his
daughter Helen.
70 his namesake and grandson. JAY
Gould, son of George J. Gould, he gives
the sum of S50O,0 to be held in trust for
said son by George j. Gould, with au-
| thority to apply the same to the support
and education of said grandson, and pay
one-fourth ofthe sum to him at the acc
of %, ope-fourth at the age of 80, and the
ANAiisAAAlAhE nan stb t1t's VIII HOWCE 10 pay
the same at an earlier period, in the dis
cretion of his father.
To his son, George J. Gould, he makes
a bequest substantially in the following
words: My beloved son, George j.
Gould, having developed remarkable
business ability, and having for the past
five years taken entire charge OF all nv
difficult interests, l hereby fix the value
of his services at 80, 900, 600, payable as fol-
lows: $500,000 in cash, less the amount
advanced by me for the purchase of a
house for him on Fifth avenue. New
York City; S500,000 in Missouri Pacific
six per cent. mortgage bonds; $500, 900 in
st. Louis, Iron Mountain and Southern
Railway consolidated i've per cent. bonds:
500, 900 in Missouri Pacific trusts five per
cent. bonds; 100000 shares of Manhattan
Railway stock; 10000 shares of Western
Union stock, and 10000 shares Of Mis-
souri, Pacific stock, all to be taken and
treated as worth par.'
He appoints as executors and trustees
of the Will his sons, George J. Gould, Ed
win Gould and Howard Gould, and his
daughter, Helen NJ. Gould, with a provi-
sion that in case vacancy shall happen
by death or otherwise, his son Frank J
Gould is to be executor and trustee when
he shall reach the age of y years, and in
another vacancy he appoints his daughter
Anna Gould to fill such vacancy when
SIlC Slittll 1GstCIl llG age Oh Il Years. 80
bonds are to be required of the executors
and trustees.
George j. Gould and Helen NJ. Gould
are appointed guardians cf Anna NJ.
Gould and Frank }. Gould during their
minority.
All the rest of the estate is devised and
bequeathed to said executors and trustees
in trust, first, to divide the same into six
equal parts or shares, and to hold and in
vest one of such shares for each of said
children, George J. Gould Edwin Gould.
Howard Gould, Frank j. Gould. Helen
NJ. Gould and Anna Gould, with authority
10 collect and receive. and apply the in
come thereof to each child for life. with
power to each to dispose of the same bv
will in favor of his or her issue, and in
case of death without issue, the share Of
the one dying to go to the surviving
/ brothers and sisters, and to the issue OF
deceased child. share and share per STRIPS
and not per capita. He directs that no
deductions shall be made by reason of
any gifts or advancementS heretofore
made to or for any children.
In case of differences of opinion among
the executors and trustees as to manag.
ing the estate, he directs that as long as
there are five executors and trustees the
decision of four shall be conclusive, and
when four, the decision of three shall be
conclusive, with further provision in
the codIcH of November 2l, 1892. as fol-
lows: 10 better protect and conserve
the values Of my properties, | direct and
provide that the shares of any railway or
other Incorporated companies at any time
held by my executors and trustees, shall
always be voted by them or by their
issues at all corporate meetings as a unit:
and in case my said executors and trus-
tees do not concur as to how such stock
shall be voted, then in view of the fact
that my son George J. Gould for wears
had the management of my said proper-
ties, and is familiar with them and other
like properties. | direct and provide in
such event his Judgment shall control.
and he is hereby authorized and empOw-
cred TO vote said shares in person or bv
proxy in such manner as his Judgment
shall dictate"
There is provision in the will that
the property of his daughters is for their
sole and separate use, free from any estate
or control of their husbands and Drohib-
iting all dispositions for charges by any
legal or by way of anticipation or other
wise.
There is provision that if any children
shall marry without the consent of a ma
jority of the executors and trustees then
the share allotted 10 such child shall be
reduced one-half and the other half of
such share shall be transferred to such
persons as under the laws of the State of
New York would take the same if testator
died intestate,
LABOR TROUBLES.
Over Seven Hundred Railway Operat-
ors to strike To-nav