Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-12-08


SIS ,ooo and further sum Of se0n an
nually, to be paid her during her life in
equal quarterly payments.
To his sisters. Mrs. Anne G, Hough and
Mrs. Elizabeth Palen, and his brother
Abraham Gould, there is given $4,000,
with further sum Of $1,000 annually dur
ing their lives, payable in equal quarterly
ayments.
To his daughter, Miss Helen Gould. he
gives the house in which ho lived, ~ Fifth
avenue, and all the furniture, books, paint
ings, statuary, silver plate and household
contents contained therein To his son,
Edwin, he gives the house East 4sth
street, with all the furniture and household
contents therein.
To his daughter Helen he made spe-
cific bequest of his portrait painted by Her
kimer, and gives to his daughter Helen,
until his youngest child shall arrive at age.
the use of his residence ot lrvington, COM
monty called 'Lyndhurst, free of taxes
and of all furniture, books, paintings ana
household contents therein; also $1,000
months. stating that this is done in expec-
tation that his minor children, Anna and
Frank j., as well as his son Howard, viii
during the period above provided for, make
their home with his daughter Helen.
To his namesake and grandson. Jay
Gould, son of George J. Gould, he gives
$500 900, to be held in trust fer said grand
son by George J. Gould, with authority to
apply the same to the support and eduea-
ton of said grandson, and pay fourth of
the same to him at the age of ~, fourth
at the age of 30. and the remaining half at
55, with the power to pay the same at ear
her periods, in the discretion of his father.
To his son, George ]. Gould, he makes
bequests substantially in the following
words: My beloved son, George j.
Gould, having developed remarkable bust
ness ability, having for IL years
devoted himself entirely to my bnsi-
ness, and during the past
FIVE years taken entire charge OF
all my difficult interests. hereby fix the
value of his services at 50 100000, payable
as follows s500,00o cash, less amount ad-
vanced by me for the purchase OF the house
for him on Fifth avenue, New York city
$500 900 in Missouri Pacific per cent
mortgage bonds S5o0000 in st. Louis,
Iron Mountain & Southern Railway Com
pany Consolidated !, per cent bonds; SJoo,-
900 in Missouri Pacific Railway Trust .
cent bonds; 10000 shares Manhattan Rail-
way stock: 10000 shares Western mon
stock; 10, 900 shares Missouri Pacific stock,
all to be taken and treated as worth par. n
lie appoints as his executors and trustees
his sons. George j. Gould, Edwin Gould,
Howard Could, and his daughter Helen NJ.
Could, with the provision that in case
vacancy shall happen by death or otherwise.
lis son Frank J. Gould shall be executor
and trustee when he shall have reached the
age of u Years. In case of another va
cancy he appoints his daughter Anna Gould
to fiji such vacancy when he shall have
reached the age of 81 years. No bonds are
required of tine executors and trustees.
George J. Gould and Helen VI. Could are
appointed guardians of Anna NJ. Gould and
Frank j. Gould during their minority.
All the rest of bis estate is devised and
bequeathed to said executors and trustees
in trust, the first to divide the same into six
equal parts or shares to hold and invest one
of such shares for each of his said children,
George J. Gould, Edwin Gould, Howard
Gould, Frank J. Gould. Helen NJ. Gould.
Anna Could. with authority to collect and
receive, pay and apply the income thereof
to each child for life: with power to each
to dispose of the same by will in favor OF
issue, and in case of death without issue,
the share of the one so dying to go to the
surviving brothers and sisters and TO the
issus of any deceased child. to share and
share and share a like. per stripes and not
per capita.
He directs that these trusts be kept sep
arate and distinct. and the accounts thereof
BE- separately kept; no deductions ito be
made by reason of any gifts or advance
mems heretofore made to or for any of his
children.
In case of differences Of opinion among
the executors and trustees as TO holding an't
retaining securities or investments III man
aging the estate. he directs that so long as
there shall be five executors and trustees,
the decision of four shall be conclusive.
and when four the decision of three shall
be conclusive; with the further provision
in A codicil of November 81, 1892, .'tbe
better to protect and conserve the values
of my properties. II is my
desire. and 80 direct and
provide, that the shares Of any railway or
other incorporated companies at any time
held i,y my executors and trustees, or my
said trustees, shall always be voted by them
or their proxies, nj all corporate meetings,
as a unit but in case that my said exccn-
tors and trustees, or said trustees. do not
concur rs to how such stock shall he voted
then. in view Of the fact that my son
t,eorgc j. Gould, for years had the man
agement of my said proferties, and is IA
nnliar with them, and wiih other like prop
critics, direct and provide that Ia such
event his judgment shall control and he IS
hereby authorized and empowered 10 vote
sail shares in person OF by proxy in such =
manner as bis judgment shall dictate
There are the usual provisions in the
will that the property Of his daughters -
for thir sole and separate use, free from
any state or control Of their husbands, and
prohibiting all dispositions for charges by
any legatees by way of anticipation or
| otherwise; provision that if any of his
children shall marry without the consent of
the majority Of The executors or trustees,
then the share allotted 10 sHch child shall
/ be reduced one half. the other half of sncl,
share TO be transferred to such persens
as under the laws of the state oe New ork
would take the samc if the tes,ator had
died interstate.