The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-12-08
GOULD'S WILL
The Bulk of the Estate to be Held in Com
mon by the Children.

New YORK, Dec 7.-An abstract Of the
will of Jay Gould was given to the press
today by Judge Dillon, counsel for the ex-
ecutors. The original will was dated Dec.
"a 1885, during the lifetime of his wife.
1t made various provisions for her benefit.
In February, 1889, Mr.. Gould executed the
first cOdicil making such changes as be.
came necessary by the death of his wife,
and later two more codicils were exc
cuted
The first of the specific legacies therein
given is to his sister. Mrs. Northrup, and
her daughters, three lots in Camden, n
J., on which his sister lives. There is also
specific bequest to Mrs. Northrup of
S25, 900 and ii further sum of S2, 600 an
nually during her life. To his sisters,
Mrs. Anna Hough and Mrs. Eliza beth
Palen, and his brother, Abram Gould, he
gives S25, 600 and the further sum OF x, 900
annually during their lives To his dangh-
ter Helen he gives the house in which he
lived OF Fifth avenue and all the contents
therein To his son Edwin be gives the
house at / East Forty-seventh street He
also gives Edwin, until his youngest child
shall become of age, the use of his resi-
dence 'Lyndhurst," at Irvngtou, and also
5000 per month. This was done in the
expectation of minor children. His son
Howard will make his home with his
grandson. George j.. lie gives the sum of
500, ,000, TO be held IN trust for his educa-
tiou, he to receive one-fOurth at the age of
p, onefOurfh at the age OF 80, and the re-
mainder at 50.
To his son George j. he makes bequest
substantially IN the following words:
My beloved son, George j. Gould, hav.
ILL.,
having for twelve years devoted himself
entirely TO my business, aud during be
past five years taken the entire charge of
all my different interests, | hereby fix the
value of his services at S, 600 900, payable
as follows: $500, 900 in cash, less the
amount advanced by me for the purchase
of the house for him on Fifth avenue:
$500. 900 in Missouri Pacific per cent
mortgage bonds, $500, 600 in st. Louis, Iron
Mountain and Southern Consolidated )
per cent bonds, 500. 600 in Missouri Pacific
trust per cents; l0.O00 shares of Manhat-
tan railway stock, 10, 600 shares of Western
Union stock, 10000 shares of Missouri
Pacific stock, all to be taken and treated
at par.
lie appoints as eXecut Ors and trustees of
his will his sons George J., Edwin and
Howard, and his daughter Helen, with a
provision that in case a vacancy happen
by death or otherwise, his son Frank j. is
TO be an executor and trustee when he
shall have reached the age of p. and in
case of another vacancy he appoints his
daughter Anna 10 ill such vacauey when
she shall have reached the age of 2l
George !. and Helen are appointed guard
ianS of Anna NJ. and Frank j. until they
reach their ma sjority.
All the rest of the estate is devised and
bequeathed to the said executors as trus-
tees; first, to divide the same into six
equal parts, and to mold and invest such for
each Of said six children with authority to
collect and receive, pay and apply, the in
come thereof 20 each for lite, with the
power Of each to dispose Of the same by
Will in favor of his issue, aud ia case of
death without issue the share of the one
so dyiugto GO to the surviving brothers and
sisters. and 20 the issue Of any deceased
child, share and share alike He directs
that the trusts be kept separate and dis
tinc5 and that The accounts thereof be
kept separately, and that no deductions be
made by reason OF any gifts or advance
meUts heretofore made - any Of his
children. In case Of differences OF opinion
a to the holding Of securities or Invest
ments, or aS 10 he management Of the es-
tate. ne directs Jnar - long a. there are
five executors aud trustees he decision OF
toug SHALL be conclusive. and when there
are four the decision Of three shall be de-
cisive, wiki a further provision, a. fol
lows:
The better to protect and conserve the
value OF my property, it J. my desire. and
| 80 direct aud provide, that the shares Of
ANY railway or other corporation at any
time held by the executors or trustees
shall always be held uy them or by their
proxies At all corporal. meetings as 4 unit,
and in case said trustees, or any Of said
trustees. do not concur RS 10 how such
stock shall be voted. then direct and pro
vide that my son George j. ; Judgement
sEall control, aud be i hereby empowered
10 vote SAID shares in p~rsoa or by proxy
in such manner as his Judgement sha.!
dictate
There : the usual provisions 10 the VIII
hat the property OF the daughters i for
their sole aad separate Use. and prohibit
iuG al dispositions Tor sharing Uy AOy Of
lie l-gJ;ees by way OF aatsc. patton or
Otherwise h also provides that il auy
Of be children marry witLous ;he consent
5i the majority OF he executors then tie
SNARE a.iuJ-d 70 such child snal. br re-
tUced oue-hali, ;he other half 90 be trans
.err-d II ,yhe trustees, with such proof
under ~ .aws at Jige >-Aie a. wou.d take
hr >'lne - II th- tesjsIor hssd disd IL
esiate.
GOOD COOKING
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