Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-12-08
FORTUNE TO FAMILY.
Not a Penny Of His
Wealth for Charity.
THE WILL OF JAY GOULD.
His Children Named as Executors Of
Heaped-Up Millions.

FEw YORK Dec .. The following ab
stract at the will and colcils of the
late jay Gould il given TO the press by
Judge Dillon, the counsel for tie ex
ecutors
The original will is dated Dec. -, 1885.
during.the lifetime of his wife, Helen d.
Gould. II made various provisions for hei
benefit, which failed OF effect by reason of
her death before tue death of her husb band.
After. aud in consequence of her deat I,
Mr.. Gould, on Feb, 10, 1880 executed the
first codicil OF his will making such
changes as became necessary by tho death
of bis " te. \ second and third codicil
to his viii were executed on Nov. II, 1892
wiz aud Codiciis.
There il given To his sister, Mrs. Nor.
tbrop, and daughters, three lots of groun
In Camden, y. j., also a bequest to Mrs.
Northrop Of 5000 and the further sum
of 5000 annually. To Mrs. Annie q.
Hougn aud Mrs. Elizabeth Palen, and to
his brother, Abraham Gould. there is
given tle sum Of S25, 600 each, and also the
further sum o. 5000 annually during their
lives, p yable in equal quarterly pay
ments. To his daughter Helen VI. Gould,
ne gives the house So Fitch avenue. To
his son, Edwin he gives the house ! East
Forty-srvcnth street
To Grandson Jay Gould, he gives the
sum Of $4,000, To be held in trust for the
said grandson by George J. Gould.
To George J. Gonid
for services, S5,OOO,OUO, payable as follows
500 600 ia casu, less the amount advanced
by me for the purchase of house for BIN
on Fifth avenue, New York city; $500, go
In Miss ur Pacific 8 per cent. mortgage
bonds sJp,0OO in St. LOUIS, Iron Noun
tain ana Southern Railway company con-
solldated ; per cent. bonds; $4,000 in
Missouri Pacific trust 8 per cent. bonds
10000 shares of Manhattan railway stock;
10000 shares OF Western Union stock aud
1000 shares of Missouri Pacific stock-all
to he tsskeu and treated as worth par.
He appoints as executors and trustees
OF his will his sous, George j. Gould, I'D
ward Gould and Howard Gould, and his
daughter Helen VI. Gould. George j
Gould and Helen NJ. Gould are appointed
guardians OF Anna NJ Gould and Frank
j. Gould during their minority
Other Dispositions.
All the rest of his estate is devised aud
bequrathed to the said executors and trus-
tess ia trust, first, to divide the same into
six quail parts or shares, and To hold aud
invest one OF such shares for each of his
said children, with authority TO collect
and receive pay and apply the income
thereof to each child for life.
He directs that these trusts shall be-
kept separate and distinct, aud thai the
accounts therefor shall he separately
kept; that no deductions shall Ike made BY
reason OF any gifts or advancements here.
tofore made 10 or for any OF his children.
The Last Codicil.
THE better To protect aud conserve the
values of my properties IL Is my desire
that the shares of any railway or other
incorporated companies held by my exec
utors and trustees. OF my said trustees.
shall always be voted 10y them or by their
proxies as a unit; and in case my said
executors and trustees or my said trus.
tees do not concur as to how such stock
shall bs voted, then, in view of the fact
that my son George j. Gould has for
years had the management Of my said
properties and is familiar with them aud
with other like properties, | direct and
provide that In such event his judgment
shall control
Children Must Marry with Consent.
There are the usual provisions in the
will that the property of his daughters is
for their sole aud separate use, free from
any estate or control OF their husbands,
and prohibiting all dispositions for
charges by any of the legatees by way OF
anticipation or otherwise.
There is a provision that II any Of his
children shall marry without the consent
Of majority of the executors and trus
tees, then the share allotted To such child
be reduced one-half