Waterbury evening Democrat., 1892-12-08
JAY >GOULD'S MILLIONS
How They Are Disposed of ir
 His Will.
EVERYTHING GOES TO HIS FAMILY

Among His Six Children-George, Ed
 win, Howard and Helen Named as Trus-
 tees-The Estate Worth S7O, ,OOO, 900. H
 NEW YORK, Dec S.-The following ab- stract of the will and codicils of the late Jay Gould is given out by Judge Dillon, the counsel for the executors, who states that it is full and complete, and also that it has not yet been determined when or where the will will be presented for pro bate.
 The original will is dated Dec. 24, 1885, during the lifetime of his wife, Helen D. Gould. It made various provisions for her benefit, which failed of effect by reason of her death before the death of her hus- band After, and in consequence of her death, Mir. Gould on Feb. 16, 1889, exc cuted the first codicil to his will, making such changes as became necessary by the death of his wife. A second and third codicil to his will were executed on Nov. 21, 1S02.
 Taking the wills and codicils together, the following is an accurate summary of the provisions thereof:
 There is given to his sister Mrs. North TOD and her daughters the three lots of ground in Camden, N. J., on which his sister lives There is also a specific be- quest to Mrs. Northrop of $25, 1000, and the further sum of $2, 900 to be paid to her annually during her life in equal quarterly payments. To his sisters Mrs. Anna G. Hough and Mrs. Elizabeth Palen, and to his brother, Abraham Gould, there is given the sum of $25, ,000 each, and also the further sum of $2,000 annually dur ing their lives, payable in equal quar- terly payments.
 To his daughter Helen M. Gould he gives in fee simple absolute the house in which he lived, 579 Fifth avenue, and all of the furniture, books, paintings, statu- ary, silver, plate, aud household contents therein.
 To his son Edwin he gives in fee simple absolute the house 1 East Forty-seventh street. with all the furniture and contents therein.
 To his namesake and grandson, Jay Gould, son of George J. Gould, he gives the sum of $500,000, to be held in trust for the said grandson by George J. Gould.
 To his son, George J. Gould, he makes a bequest substantially in the following words:
 "My beloved son, George J. Gould, hay ing developed a remarkable business abil- ity, and having for twelve years devoted himself entirely to my business, and dur ing the past five years taken entire charge of all my difficult interests, l hereby fix the value of his services at $5, 000, ,O00, payable as follows: Five hundred thousand dollars in cash, less the amount advanced by me for the purchase of a house for him on Fifth avenue, New York city; $500,000 in Missouri Pacific 6 per cent. mortgage bonds; $500, 900 in St. Louis, Iron Mountain SS Southern railway company consolidated per cent bonds; GSnO nO0 in MiCSn11ri Papifn ailXUa V trust , per cent. bonds; 10000 shares of Manhattan railway stock; 10000 shares of Western Union stock, and 10, 0,000 shares of Missouri Pacific stock, all to be taken and treated as worth par"
 He appoints as executors and trustees of his will his sons, George J. Gould, Edwin Gould, and Howard Gould, and his daugh- ter, Helen NJ. Gould.
 George J. Gould and Helen NJ. Gould are appointed guardians of Anna Gould and Frank J. Gould dlrilg their minor ity.
 All the rest of his estate is devised and bequcathed to the said executors and trustees in trust, first, to divide the same into six equal parts or shares, and to hold and invest one Of such shares for each of his said children, George J. Gould, Edwin | Gould, Howard Gould, Frank J. Gould, Helen M Gould, and Anna Gould, with authority to collect and receive, pay and apply the income thereof to each child fol life; with power to each to dispose of the same by will in favor of issue, and, in case of death without issue, the share oi the one so dying to go to the surviving brothers and sisters and to the issue oi any deceased child, share and share alike, 1 per stripes and not per capita. There is a provision that if any of his | children shall marry without the consent | of q majority of the executors and trustees 1 then the share allotted to such child sha1 be reduced one-half, and the other haE | of such share shall be transferred to such 1 persons as under the laws of the State o l New York would take the same if tho | tcSt&t0r had died intestate. 1 There is no indication in the abstract by which 10 judge what Jay Gould wa! 1 worth but it was stated by person con nected with Judge Dillon's office to b' about $70,000,O0O.