New-York tribune., 1892-01-07
FORTUNATE LENOX LIBRARY.
HOW 1T BENEFITED BY MRS. sTUART'e WILL
HER PAINTINGS


HER PAINTINGS
inquiry into The nature OF the property real and
personal left by Mrs H. L. Stuart shows that every.
thing is in large blocks and that the securities are
"eilt-edge' There is 100000 par value OF New
York City non taxable registered stock hank stocks
among the list several hundred shares OF the Chemical
BANK Tor WMch holders arc now asking $1,000 Il
share large lots with warehouses thereon situated in
Reade. Chambers and Greenwich sts.: ana the prop
cry occupied by lIerter Brothers. Twentic.lst. and
Flftltave This property Is estimated 70 be worth
S1joOO0 1t IS ninety-two feet in the avenue by
102 fleet in Twentethst. Her lot No ST. Fifhave.
Is hty-hve feet in fiith-avc by feet in sixty
cighthSt and tie two adjacent lots in sixty eighth
ST. 1OXl00 feet. The value OF thi, will be seen
10y comparison with the eight lots purchased by the
Metropolitan Club from the Ilamcrslcy estate at
cost OF s4sO,OO for 10Ox200 feet at Sxcth st. and
Fiftlavc And Elbridge r. Gerry just paid
$500 900 for 10OXl75 feet at the next corner
Of Fifth have Mrs stuars house alone cost S4OOO OOO
so the house, Lot and furniture are worth at lcast t
Soo0'0OO Here arc two properties. Twenueth-st ard
sixty eighth St. vaued at 81 $50 OCo She paid $40 900
for the stable in Seventy y-Grstst property
toned before is No 1l3 Wi!lamst., left her by her
father MIR McCrca
As the executors allowed TO sell all this at public
or private sale, and the terms which they think
best and also at any tine according TO their diecre-
ton 1t VIII al pet more than tio present values in all
probabilities. Stil there is The disadvantage Il find
ing purchasers for such valuable properties The law
allows two and half years in which TO settle up an
estate, but nothing will he disposed of for at lenst six
months.
The LcroX Library Will hcnceforth possess an in
creased attraction - q place OF interest Afcr the
bequcsts are paid. amounting in money and books to
~ 900 00O there will be left ~ 900 900 OF which
the LenoX Library Will receive about $500 900
in money and the library, pictures min
prnls shel
valued by the executors ct $500 900 more The Tspks
editions The collection Of minerals + ex
Cecdngly vaua, c the pictures include the works Of
Geromc. ZumacoiS, Meissonicr. Munkacsy. Heron
Church, Meyer Won Bremen. schreyer Alvary, Bon
heur and Eis Johnson which cost from 900
$4,000 each: large collection of fans made by
II. L. stuart in his lifetime. and it could be dupli-
Gated with great difficulty now.
Tho reason for giving much to the LcnOx Library
that collections might all remain intact and
never be broken. lii this way, IN accordance with
the conditions oi the lequet The Stuart will DO
pcrpetuated In New-Yolk The board Of managers OF
the library hold a regular meeting this evening John
s. Kennedy president Of the LenOx Library, said I'm re-
gard TO possibility II opening ii the public on
Sunday that MY> stuart knew. during my hie,ime at
least and my connection with thc Institution tiat us
door, would not be opened sunday THO
100000 IN cash be used TO erect ne"
building II necessary to comply with the CONDITIONS
Al hNt u may iooh dN II iilH''V'" vi" NV ''
80 much aS IL, friends expected. but It's b"qh'''S
amount 10 10 over $3.50 600 S3rOoOo 10 the theJlog-
cal school AID $4,000 10 the college proper besIues
il rad already received least 100000 before Mrs
Stewalts death. She revoked bcqucst, OF lbles ana
book, 10 Princeton, top, but that was FOR tc reason
already eApancd-tJ preserve intact her various col
lcCtiOns. .
The St Andrews society received $4,000. and u
may bee noted in explanation that both Robert ana
Alexander stuart always maintained the clpscst aC,
quainiance with the III mhcTs of this sOlc'v a. wen
as with the whole scotch colony Of New York.
Iy terms Df her second cO1cll she gave 10 hcI
executors her jewels, silver and plated ware ana al
other hou>cl old articls not otherwise disposed o.
In. her dar.unds Of which she had number of great
value Wcr- -pi several years ago, ana the money TOM
il.. -,ic WIS GIVEN - charities. Although NJ men
ou Is made in the will OF any bequess for the ser
wants. 81 sum Of money especially set apart Tor
them which will be divided among them at once III
accordance with her instructions.