The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-08
JAY GOULD'S ESTATE.
Except for a Few Requests, the
Children Get ALI.
NOT A CENT FOR CHARITY.
George Receives o5,O0o,OO0 for Five
Years. Faithful Management Of
His Fathers Property.

-" oAfA ASSs "<A1 Va VIZ
will and codiciIs of the late Jay Gould was
given to the press by Judge Dillon, counsel
for the executors, who stated that it was
full and complete, and also that it was not
determined when or where it is to be pre-
sented for probate. The original will was
dated December "a, 1885. Gould on the
I4th day of February, 1889, executed the
first codicis, making such changes as be-
came necessary by the death of his wife.
The second and third codicils were exc
cuted on the 2tst of November, 1892. TAX
ing the will and codieils together. the fol-
lowing is ar accurate and full summary:
To his sister, Mrs. Sorthrop, and daughters,
the three iots at Camden. n. j., on which they
live: also q bequest TO Mrs. Northrop of $4,000,
and the further sum of $500 annually during
her life. Similar requests OF $4,000 and an an
nuity of $1,000 were made to each OF his sisters,
Mrs. Auna G. Hough and Mrs. Elizabeth Paien,
and to his brother, Abraham Gould.
To his daughter. Helen n. Gould, he gives in
fee simple and absolute, the house in which he
lived. No. $40 Fifth avenue, and all the contents
therein.
To his son Edwin he gives in fee simple and
absolute the house No. / East Forty-seventh
street, with all the contents therein.
To his daughter Helen he makes q specific be-
quest of his portrait. painted by Herkimer. He
also gives to his daughter Helen. until the
soaHsSSb Cisiiu elall dIItfsa at age, TIC use Oh Dis
residence at Irvtngton. commonly called Lynn
hurst" free of taxes, sad ali the contents
therein, and also the sum OF 10000 per month,
stating that this was done in expectation that
the minor children, Frank ]. and Anna, as well
as his son Howard, will, during the period
above provided for, make their home with
Helen.
To his nsaesake and grandson, Jay Gould,
son Of George j. Gould, he gives the sum of
s5o,oo0, to be held IL trust for said son by
George ]. Gould. with authority to apply the
same TO thu supper, and education of said grand
son, and pay one-fourth OF the same TO him at
the age OF % years, one-fourth at the age of 30
and the remaining half at 81, with power to pay
the same at earlier periods in the discretion OF
his father.
To his son, George J. Gould, he makes a be-
quest substantially in the following words:
my beloved son. George j. Gould, having de-
veioped remarkable business ability. and having
for the past tive years taken entire charge of all
my different interests, / hereby fix the
value OF his services at s., 00,000. payable &c fol-
lows: Five hundred thousand dollars in cash,
less the amount advanced by me for the pur-
chase OF the house for him on Fifth avenue,
New York: $4,000 in Missouri Pacific 6 per
cent. mortsage bonds; s5oo, 900 in ST. Louis, Iron
Mountain d. Southern Railway Company con-
solideted 5 per cent. bonds; $4,000 in Missouri
Pacific Railroad trust 3 per cent. bonds; 10000
shares OF Manhattan railway stock: IL, 600 shares
SANSA t$SSAt ~fA ARgSSo GAoICS vi
Missouri Pacific stock, all to be taken and treated
as worth par.
He appointed as executors and trustees of the
will his sons George Gould, Edwin Gould and
Howard Gould and his daughter Helen n.
Gould, with the provision that in case a va
cancy shall happen, by death or otherwise,
Frank j. Gould is to be the executor and trustee
when he shall reach the age of q years, and in
case of another vacancy he appoints his daugh-
ter, Anna Gould, to fill such vacancy when she
shall reach the age of q years. No bonds are
to be required OF the executors and trustees.
George J. Gould and Helen II. Gould are APP
pointed guardians of Anna Gould and Frank J.
Gould during their minority.
All the rest of the estate is devised and be-
queathed to said executors and trustees in trust,
the first to divide the same into six equal parts
or shares. and to hold and invest such shares for
each OF said children, George J. Gould, Edwin
Gould, Howard Gould, Frank J. Gould, Helen
NJ. Gould and Anna Gould, with authority to
collect and receive and apply the income thereof
to each child for life, with power to each to
dispose OF the same by will in favor of the issue,
and in case of death without issue, the share of
the one dying is to go to the surviving
brothers aud sisters and to the issue OF the de-
ceased child, snare and share herstirpes, and
not per capita He directs that no deductions
shall be made by reason of any gifts nor ad.
vancements heretofore made to or for any of his
children.
In case Of a difference of opinion among the
executors and trustees IS to managing the
estate, he directs that as long as there are five
executors aud trustees the decision of four shall
10 conclusive. and when four, the decision of
three shall be conclusive, with a further
provision in the codicil of November 81, 1892, rs
follows: $40 better protect and conserve the
values of my properties, l direct and provide
that the shares of any railway or other incor-
poraied companies at any time held by my ex-
ecutors and trustees shall always be voted by
them or by their proxies at all cor
poEate meetings rs a unit: and in
case my said executors and trustees
do not concur as to how such stocks shall be
voted. Their, in view OF the fact that my son,
George Gould, who for years has had the man
agement of said properties, and is familiar with
them and other like properties. l desire and
provide that in such event bis Judgment shall
control. aud be- is hereby authorized and en-
powered to vote said shares in person or bv
proxy in sucn manner as his Judgment shall
dictate"
There Is Il provision in the will that the prop
erty OF his daughters shall be for their sole and
separate use, free from any estate or control BY
their husbands, and prohibiting all disposition
or forfeiture by any legal method, or BY way of
anticipation. or otherwise. There is q provision
that II any OF the children shall marry without
the consent OF the majority of the executors
and trustees, then tie share allotted to such
child shat! be reduced one-hgif, and The other
hall of such share shall be transferred 10 such
persons as. under The laws OF the state OF New
York, would take the same If the sestator died
interstate.