Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-12-08
ALL TO HIS OWN
Gould Leaves His Children His
Great Wealth.
CHARITY WHOLLY FORGOTTEN
"Ths Wisasds Follows Out His Lifs Plan
IN pispesing Of His Property.
The VIII

Nxw YosK, Dec. The following
abstract of the will and eodicils OF the
late Jay Gould vas given to tns prsss
on Wednesday afternoon By Judge Dbl
Ion, the counsel for she executors, who
stated that II wAs full and complete,
and also that Il had not yet been de-
termlned when or where the viii
would be presented for probate. The
original will Is dated December "a.
1850. during the lifetime Of his wife.
Helen ID. Gould. IL made various pro-
visions FOR her benefit. which failed Of
effect by reason Of her death before
the death OF her husband. After and
IN consequences OF her death, Mr..
dould. on February Is. 1899. xecuted
the nrst codicii TO his will, making
such chsnges - became necessary by
the death Of his wife. A second and
third codicll 10 his will was executed
ON the 2ist OF November, 1892. Taxing
the will and the codlc!ls together. the
following 10 an accurate and full sum-
mary OF the scheme and provisions
thereof: First-Ihe specific legacies
there 10 given to his sister. Mrs. North
rop. and her daughters the three lots
of ground IN Camden, y. j., on which
ms sister lives. There IS also q specific
bequest 10 Mrs. Northrop of SIS 900
ana the further SUN of $1,000 annually
20 be paid 10 her during her life in
equal quarterly payments. To his
sisters. Mrs Anna c. Hough and
10 Mrs. Elizabeth Paien and to his
brother, Abraham Gould, there 10 gwen
the sum OF $50. 900 each and also the
further sum % 81 900 annually during
their lives, pay able in equal payments.
To his daughter, Helen NJ. Gould. he
gives IN fee simple the house in which
be lived, No. $40 Fifth avenue, and all
OF the furniture, books, painting.
statuary silver plate and household
contents therein
The House tO Edwin.
To his son Edwin he gives in fee SIM
ple absolute the house No. East
Forty-seventh street, with ali the furn-
iture and household contents therein.
To ms daughter Helen he made spe-
che bequest OF his portrait painted by
Herkomer. He also gives to bis
daughter Helen, until his youngest
child shall arrive 1T age, the use OF his
ressiencs at lrvington, commonly
called "Lyndhurst," free Of taxes, and
all OF the furniture, books, paintings
and household contents therein, and
also the sum Of 81. 200 per month
stating that TINS WAS done IN the expec-
tAtion toat his minor children, Anna
and Frank j., ~ we'll rs his son How
ard, will, during the period above pro-
vided for. make their home with his
daughter Helen To bis namesake and
grandson, Jay Gould. son OF George J.
Gould, he gives the sum Of $500, 900, to
be held in trust for the said grandson
by George j. Gould with authority TO
apply the same to the support and ed
ucation OK said grandson, and 70 pay
one-fourth Of tho same TO him at the
age of 25, one fourth ~ tho age Of 80
and the remaining half at 80. with
power TO pay the Same At earlier Pc
RODS. in the discretion Of bic father.
George ,. Taken Care Of
To his son. George j. Gould, he
makes bequest substantially in the
following words: my beloved son,
George J. Gould. having developed .
remarkable business ability and having
for twelve years devoted himself en-
tirely to my business, during the past
five years taking entire charge of all
my difficult interests, hereby fix the
value of his services at 1000 900, pay
able ss follows: $500, 900 in cash, Tess
the amount advanced by me for the
purchase of . house for him on Fifth
avenue. New York city; $500, 900 in
Missouri Pacific 8 per cent mortgage
bonds; $500. 900 in Sc. Louis Iron Noun
tain Il Southern Railway company
consolidated 3 per cent bonds, $500 900
in Missouri Pacific railway trust, 5 per
cent bonds; IL, 900 shares of Manhattan
railway stock; 10000 shares of Western
Union stock and 10000 shares of Mis-
sour Pacific stocs; all to be taken and
treated as worth par"
The sons 20 he Executors.
He appoints as executors and trustees
Of his will his sons, George j. Gould,
Edward could aud Howard Gould and
his daughter, Helen Gould, with .
provision that in case q vacancy shall
happen by death or otherwise. his son.
Frank +. Gouid. 10 to be An executor
and trustee when he shall have reached
ths age of Fl years, and in case OF an-
other vacancy he appoints his daugh-
t~ls Rnn8 0Otius w SUN vSteaty
when she shall have reached the age of
Il years; no bouds TO be required OF
the executors and trustees. George J..
Gould snd Helen NJ. GouS are ap-
pointed guardians of Anrs Gould and
Frank j. Gould during their minority.
All the rest Of his estate 10 devised and
bequestned 10 the said executors and
trustees, tirss To divide the same
into sis equal parts or shares and
90 hold one OF such shares
for each Of bis said children,
George y. Could, Edwin Gould. How
srd Gould. Frank J.. Gould. Helen NJ.
could and Anna Gould. with author
ifv 10 coilect and receive pay and an
ply al the income thereof TO each
child for Efe. with power 10 each To
dispose of the same BY will in favor of
issue aud IN case OF death without is-
sus. the shsrs II the one 40 diving To go
to the Surviving brothers and sistsrs.
aud 90 tne. is-u- of snv deceased child
share and share alike. per strpes and
not per capita.
rrests ss Be separate
He directs that these trusts shall be
ksu, separate and distinct. and that the
account thereof shall he sqasrely kept,
hat no deducuons snail % made hv
reason OF sBy gifts or sdrsncements
beretafore made to or for sny OF hi.
children. In case Of differences Of
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