Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-12-08
a SUMMARY OF THE DOCUMENT.
billions Distributed Among ChIldItT
aud Relatives.
Societies Seem 90 nc
EntirrIy Forgotten ia tho
VIII

NEW YORis, Dec. Am abslrnct Of
the VIII and cOdicils OF the late Jay
Gould was given to the press today 10y
Judge Dillon, counsel for the ukccut.
ors and who stated that IL WINS full aud
complete. Also that 1t had not been
determined when or where II would
be presented for probate.
The original will was dated Dec. 81,
1855. Gould on the 18th day OF Feb.
ruary, 1850, executed tho first codi Gil,
making such changes as became ne.
co,sary by the death VI his wife. The
second aud third cOGicils were exc
cutei on the 2lst Of November, 1892
Taking the viii and cJliclll together
the following accurate aud full sum.
mary is mate:
To his sister, Mrs. N0rthrop and
daughts's the three lots In Camden,
y. j., on which they live, also DO.
qnest 20 MtH. Nor.htop OF s2j, 900 and
the further sum Of $1,000 annually
daring her life. A similar be1uosl OF
S2O,OO0 and an annuity OF $4,000 Ia
made to onch of his listers, Mrs. Anna
q. Hugh aud Mis-. Elizabeth q. Pnlen
aud 10 hls brother William Gould.
To his daughter Helen NJ. Gould he
gives tho house VA which he lved, $40
Filth avenue, ana all the contents.
10 hiR son Edwin he gives IN full,
eiulplc and absolute the house az No. /
East Forty.sevenlh street win all tho
contents therein; 20 his daughter
Helen he mnde apecific beque.t VI his
portrait painted by Hcrkomer. Ha also
gives to his daughter Helen until the
youngest child shall arrive ut age, tho
uso OF his residence ut lrvingfon, com.
monty called "Lynjhurst," free of
taxed, and all the contents therein; anu
also the sum OF $1,000 per month, stat.
Ing that this N uo1o In expectation
that tho minor children, Annie aud
Frank j., US well as his son Howard,
Will, during the period above Iro.
vided for, make their home with Helen.
To his namo.sake and grandson, Jay
Gould, son Of George j. Gould, he gIyrs
the sum OF 100000 10 be held In tTust
for said son by George J. Gould, with
authority TO apply the same TO the sup.
port and education OF aaid grandson,
and pny one.fourth OF tho came TO him
al the age OF twenty-five year,, one.
fourth at the nge Of thirty, and the re-.
mainder, half, at thirty.nve, with
power TO pay the same at earlier
periods at the discretion Of his father.
To his son George LIQUID he makes
a bequest substantially In the follow.
ing woris:
Only beloved son, George J. Gould,
having developed remarkable business
ability, and having for the past five
years taken entire charge OF all my
difficult Interests, | hereby TX the
value OF his services at 5000, 900,
payable as follows: 100000 in cash,
less the amount advanced by mo Tor
tho purchase OF n house for him on
Fifth avenue, New York; S50J,0JO In
Missouri Pacific 0 per cent mortgage
bonds; sbOO,OOD In 81. Louis, Iron
Mountain ~ Southern Railway com.
pany consolidated per cent bonds;
S5OO,00O In Missouri Pacific railroad
trust per cent bonds; 5000 shares OF
western Union stock, aud 10000
shares OF the Missouri Pacific stock, all
to be taken and treated ms worth par.O
lie appoints MS executors and trustees
OF his viii his sons George j. Gould, |
Edwin Gould aud Howard Gould and
Helen II. Gould, with provision that |
In case q vacancy shall happen by |
death or otherwise Frank J. Gould IL
to be an executor and trustee when ,he |
shall reach the age OF twenty.One
years, anu IN case OF another Vacancy
he appoints his daughter Anna Gould |
to I'LL such vacancy when she shall |
reach the age OF twenty-one years.
No bonds are to be required OF the
executors ami trustecf. George j.
Gould and Helen NJ. lG1uld are mp.
pointed guardians Of Anna NJ. Gould |
and Frank j. Gould during their
minority.
bequeathed to said executors aud
trustees In trust, the first to divide the
same into ak equal part, or shares, and
10 hold aud invest one OF such shares
Tor cash for each OF the said children,
George J. Gould, Edwin Gould, How
ard Gould, Frank J. Gould, Helen NJ,
Gould and Anna Gould, with the
authority 10 collect and receive and
apply the Income thereof to each child
or life, with power to each TO dispose
II the same by viii I'm favor Of their
ssue, and In case OF death without
ssue the share OF tho one dying shall
20 to the surviving brothers and sisters
l
lie directs that no deduction shall DO
made by reason OF any gifts nor ad.
'ancements heretofore made to, or for
my OF his children.
In case OF difference OF opinion
.mong the executors and trusteea,
the estate, he directs that Oh
ong M there are five executors and
rustees tho deoiglon Of four shall he
conclusive, and when four tho de.
ision OF three shall 80 conclusive;
Nth the further provision In tho codicli
{ November 81, 1892, as follows.
"To better protect and conserve the
'alues Of my properties I direct and
rovide that shares OF any railway or
ther incorporated companies, ut any
Ime held by my executors and trus.
ees, shall always be voted by them or
y proxies, at all corporate meetings as
unit. And In case my said executors
nd trustees do not concur as to how
nch stock shall be voted, then In view
I the fact my son George J. Gould for