The star. (Reynoldsville, Pa.) 1892-1946, 1892-12-14
JAY GoULD's WILL.
Not Cent of His Estate Left for Char
ity. All for His Relatives,

-Ns' %N' W oio htldtiNcs.
Judge pil on the counsel for the Gould
executors. at New York CITY, furnished an
abstract OF the will of Jay Gould to the
ht wspnpers II was found that the late
millionaire had not left a cent for any pub.
lie or charitable purpose.
The original Will is dated December "a
1883, during the lifetime oi his wife, Helen
d. Gould. II made various provisions for
her benefit, which failed 10 effect because
of her death. Therefore. ON February lg
1889, Mr.. Gould executed the first c,dicil to
his Will. sec nd AID third codic to bis
Viii were executed on November q, 1892.
There is 4 ven to Mr. Gould's sister. Mrs.
| No thup and her daughter the three lots
| oi ground III tnmdrn. y. u, Oh which hrs
SISTER lives. There is alsu a specific bpoupst
to Mrs. Northup OF So 90, and 81 900 10 be
paiu to her Annually during her life ~
| tuuhl quarterly payments. To hs sisters
Mrs. ANNA q. llouph and Mrs. Elizabeth
inleil, and I" ms brother Abraham tioud.
| annually,
TO his daughter Helen be gives the house
III which he lived. at 90 Filth ayenue. and
all OF the contents
=. 10 his SON Edwin, he gives the house at
No. East fOriy.seventn street with ali IL.
| Uuntehs. ~
70 his daughter, Helen. he made a spe.
| clhl bequest oi his lurtrait painted by Her.
! oer'iier. lie also gives 10 her, until hi,
/ yut htest clIidren shall uriive OF age the
| Use OF his Residence NJ irvIngton, with con.
| tents, and 80 sU.UOJ per month, stating
That this was dure III the exp, citation thai
| ms MINOR children, Anna and Frank J. ny
wei ns ms sou, Howard, will, during the
| period above prov,dei tor, make Their home
| with iils daughter Helen.
| l,4 nj
| Gould, son o. George j. Could he gives
s0OO,WD, to he held in trust by George with
authority 10 apply the me la the educa.
lloi Of the grandson and To pay one fourth
10 MN at the age 90 - une-fo,irth at 30 and
| tbc remaining hai at 81, or earlier in the
| discretion ot his father.
To his SON. George i. Could he makes a
| words:
| Ny beloved son. George 7. Could hayinp
developed IL remarkable business atility,
and having TO, |. Years devoted himself eii.
| me To my business, and during the pnst
| llNe years taken charge uf all my difficult
interests, ! hereby tix the value OF his ser.
wees at s0,OOO,ouU, layable AS follows: Five
| hundred thousand dollars in cash, less the
amount advsn ed by me Tor the purchase
| Of a house for hun on Fifth avenue New
! ork CITY; S5OO,UU0 In Missouri Pacific per
cent. mortgage bonds; $4,000 III ST. LOUIS,
Iron Mountain ~ Southern Railway com.
| Inhy 'ollsoluultu y per cent. DOnus, lDUUu
| shares oil Mnnhutten railway stock 10000
shares OF Western Union stock aud 1000
| shares OF Missouri Puc iic stock, AL to be
| taken and treated as worth par
lie appoints ns executors and trustees OF
! his will his SONS George j. Gould Edwin
Gould and Howard Gould, and his daughter
Helen NJ. Could, with provision that, in case
vacancy shall happen 10y death or otner-
| wise, lis son, FRANK j. Gould is to be an
executor and trustee when he shall have
reached the aie OF u years, and In case of
another vacancy he appoints his daughter
Anna Could, TO fiji such vacancy. when
she shall have reached the age of ~
All the rest OF his estate is devised and be.
| queaihed to the said executors and trustees
| IN trust. 10 divide lac same INTO six equal
| parts or shares. ana to hOid ana invest one
| of such shares for each of ms said children
! with authority To receive and apply the in.
come thereof to each child for life; with
power each to dispose OF the same Dy will
III iavor oil issue ami in case of d,atll with.
out issue the share of one 80 dying TO 20 TO
The surviving Diohers aud sisters and to
the issue OF any deceased Child, share and
STARE alike, per stiTPe and not per capita.
he directs that these trusts shall he kept
sepaia'e and distinct, that no deductions
shall be made by reason OF any gifts or ad.
| vnncemenis thereto, ore made to any of his
| children. In case of differences of opinion
among the trustees us to holding and re.
taining securities or investments la man
| aging the estate, he directs that so long US
there shall be i've trustees, the decision Of
! four shall be conclusive, and when four, the
decision Of three stall he conclusive: W tn IA
| further provision in the codcil OF November
| n, 1892, as follows:
The better to protect and conserve the val.
lles ot my properties. 1t l. my desire aud so
| direct and provide. that the shares of any
railway or other incOrp rated companies ut
any time held by my executors and trustees
| or my sad trustees shall always be voted
by them or by their proxies, at all corporate
| meetings, as a unit; and in case my said
executors aud trustees, or my SAID trustees,
DO not concur as 10 how such stock shall be
voted, then IN view of the tact that my son,
George j. Gould, has for years had the man.
agenent of my SAID properties, and is ia.
! miliar with them and w,th other like prop.
critics, direct and provide that in such an
event his judgment shall control; and he is
h,reby authorized ana empowered 10 vote
the said shares IN person or by proxy in
such manner as his judgment shall dictate.
There Is the usual provision in the will
that the properly OF his daughters is for
their sole anu separate use free from any
estate or control of their husbands, and
prohibiting all dispositions or changes by
any OF the lesatee.. by way of anticipation
or otherwise, There is a provision that If
any Of his children should marry without
the consent OF majority Of the executors
or trustees, then the share allotted to such
child shall be reduced one-half, and the
other half OF such share shall be transferred
To such persons as under the laws OF the
state OF New York would take the same if
The testatOr had died intesiaie.
The yane OF the Gould esente is estimat.
ed at $50, 100000. Judge Dillon aud Russell
Sage are the principal members of the board
having in charge ihe management of the
rust bonds.
Philadelphia Public Ledger Burned Out