New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-08
WILL OF JAY GOULD.
HIS GREAT WEALTH GOES TO HIS SIX
CHILDREN
GEORGE NAY VOTE ALL THE sTocK-HE
ALSO GETS s. 900 900 OUTRIGHT.

made public yesterday afternoon by cX-Judge
John F. Dillon, Mr.. Gould's counsel after con-
sultation with George j., Edwin and Howard
Gould, all OF whom down town yesterday
and spent some time in their Offices in the Wes-
tern Union Building The will was read on Mon
day TO the family after its return from Wood
lawn. Cemetery. 1t has not yet been decided
when the will he offered for probate, or in
what county it will be filed. Tho whole property
is kept in the hands Of the family, all Of it going
to Mr.. Gould's children except small sums be-
qucathed TO the testator's brother and three Sis
tcrs. They each get $4,000 and an annuity of
$4,000 One sister, Mrs. Northrup, also gets the
property in Camden. n j., on which she lives
10 his daughter, Helen NJ Could Mr. Gould
gives in-fee simple the house in which he died
with its contents, and to her also he gives the
use, until his youngest son, Frank, comes of age,
OF the country house at Irvington, with $4,000
n month"; in the expectation that she will make
n home for her sister and unmarried brothers.
lie gives to Edwin Gould the house where he
lives, at No. 1 East Forty-seventh-st. He gives
20 George J. Gould in trust for his grandson,
JAY Gould, jr, son of George, 100000. George
J. Gould receives S5OoO,0OO as compensation for
his devotion 10 the business of his father for the
last twelve years.
equal shares for his six children and is to be
held in trust for them by the executors, who
have full power to manage the property and
apply the income to each child for life. These
executors arc now the four children who are Of
are. All stocks are 10 be voted as a unit and
in case Of Disagreement the voice of Georse j.
Gould is 10 be decisive George D. and Miss
Helen NJ Gould are appointed guardians OF tue
minor children Mono of the children can marry
without the consent OF majority of the executors
without forfciting half Of his her share in the
estate.
The text Of the abstract as given by ex-Judge
Dillon is as follows
The original will Is dated December o. 1888, during
the lifetime OF his wife. Helen d. Gould IL made various
provisions for benefit which failed OF cect by reason
OF her death before the death OF her husand After ana
in consequence OF her dcah. Mr. Gould on tho 10Th Day
Of February 1850 executed the FIRST codicl TO his VIII
making such changes became necessary by the death
OF his wife. second and third codicil 10 MS VIII
were executed On the 2lst Of November, 1882
Taking the will and codci together, the following IS
an accurate and full summary Of the provisions thereof
First. the specific lecacics. There Is given 70 MS
sister Mrs. Nosthrop. aud her daughters the ureo 1913
Of ground in Camden y. j., on which his sstr n'es.
There Is also specific bequcst to Mrs Northrop OF
so3 600 and the further Of 81 oo0 annually TO be paid
To her during her life in equal quarterly payments 10
his sisters Mr.. Anna q. Hough and Mrs EllEabth
Pacn ana his brother. Abraham Gould, there ~ gwen
tho sum Of @25 each. and also the further sum oi
5000 annually during tMr lives. psJoblo IN equal
quarterly TayHess.
To his daughter. Helen ". Could he eivcs In iee
simple absolute the house In which he lTed, No 80
FlfthAve and al Of the furniture books. paintings.
statuary silver plate and household contents therein.
To his son Edwin gives in fec simple absolute the
house No Fast Forty scyenthst with all Che furniture
and household cootoDts therein. To his daughter Heirn
NJ made Q specific bcques, o, his portrait painted by
Heikomer lie also gives TO hts daughter Helen, until
his youngest child shall arrive at age the use OF h'
ro,leence at Iryinrton commonly called Lyndur,t FREQ
OF aycs all Of the furniture. books, paintings and
household therein and also the sum OF $1,000
PER mcnth stating that this was done In the expectation
that his minor children. Anna and Frnnk j.. as wei" a'
his son Howard will during the period above provided
for maze their homo with his daughter Helen.
To his namc>akc and grandson Joy Could son OF
George j. Gould. he gives the sum Of 100000 TO bo
held in trust the said grandson by George j. Gould
with authority oppy the same to the support and
cducaon Of said grandson and pay oncfourth Of
The him the ago ~ twenty-five, onefonfh at
the axe OF thirty and the remaining half ae thirty five
with power pay the same at earlier periods In the
discretion ~ his father.
To his son George J. Gould he makes n bcquest SUBJ
.tanti,iy IA the following words:
my beloved son. George J. Could having developed
remarkable business ability. ard having for twelve
years devoted himself entirely to business and during
Tho pa,t ryc wear, taken entra charge II all my dcut
interests hereby Of MS scrNics at IS 0o0
COO tayaD!c follows 100000 In cash, less tho
amount ac,anccd By for the purchase u house for
him on flltl ave. Ncw-Yor CITY s5OOoo in Missouri
Pacific per cent nortcagc bonds 100000 In 81 Louis.
ron Mountain southern Railway Company consolidated
p.r cent bonds; 5000 900 IN Missouri PIrhc Railway
Trut PER bonds 10 900 sharo' Of Manhattan Rail
way stock; 10000 shares Of Western Union stock and
10000 = Missouri Pacific stock-@ll TO d. taken
and trcatcl a. worth par"
lie aopoints as executors and his will his
sons George J.. Gould. Edwin could ard Howard Gouli.
and his daughter Helen NJ Could with provision that
his son Frank Gould is TO De executor and trustee
when ho shall REACHED the age OF twentyonc years
and in case Of vacancy he appoints his daughter Anna
Gould To- n such vacancy when she shall have reached the
age twenty years bonds to bc required Of The
executors and trustees.
George j. Could and Helen NJ. Gould are appointed
u,ri,ns OF Anna Gould and Frank j. Gould during their
minority
All the Of his estate is devised and bcqueathcd 10
tie said executors and trustees In trust nrt to divide The
sare equal parts or shares and to hoi and invest
nc m such shares for each Of his said children George j.
could Tdwin Gould, Howard Gould, Frank J. Gould,
Helen NJ Gould and Anna could, with au horlty TO coll
ect and receive. pay and apply the income thereof to
each child for life. with pcwr in each 10 dispose OF tho
same by Will fayor OF issue aud III case OF deah
issue The share of the dying TO go To the
surviving brothers ard sisters aud To the issue oi any
deceased child share and share alike per stripes and not
nor capIta directs thai these trusts shall be Kept
.arat and distinct and that the amounts thereof sha
~, .e,arai.y kept; that deduction shall be made by
ra.on Of any gifts emcnts heretofore haac 10
or for any Of his children.
In case Of OF opinion among the executors
md trustees as holding and retaining securities or In
ment, In man gng the estate he directs that so long
- bere shall b. Ave executors the decision OF four shall
~ conclusive and when four that decision OF three shall
M concsiyc with tho further provision in the cOdcil OF
November 2l 1892 follows: "The betor To protect
apd conserve Che values Of properties It is my DESIRE
and 8, direct and provide that the shares OF any rail-
vay or other incorporated companies at any time held by
nv cxeeutors and t-ustees or my said trustees. shall al
WAYS be Not'd by them by their proxies at all
cornora.c meetings unit; and In case my said eN
cutors and trustees my said trustees do not concur
49, , how such stock shall be voted then in view Of the
fact that my son George j. Gould. has for years had the
II gomcrt my said properties and Is familiar with
a cu and with other like properties direct and provide
a, in such event his judgment shall control and no IS
hereby authorized and empowered u vo' the said sharcS
In n.rson or by proxy In his Judgment