Los Angeles herald., 1892-12-08
CHARITY BEGINS At HOME,
1t Ended There Too in Jay
GOuld's Case.
His Entire Fortune Kept in
the Family.
Not a Dollar Bequeathed to the Poor
or the Public.
His Brother and Sisters Each Given
$4,000 and an Annuity of $4,000
for Life - His Children
Get the Rest.
By the Associated Press.

By the Associated Press.
New YORK, Dec. 7.-An abstract Q
the will and codicils of the late Ja
Gould was given to the press today b.
Judge Dillon, counsel for the executors
who stated that it was full and com
plete; also that it has not been deter
mined when or where it will be pre-
sented for probate.
The original will is dated December
"a, 1885 Gould, February l6, 1889, ex
ecuted the first codicil, making such
changes as became necessary by tht
death OF his wife. The second anc
third codicils were executed November
81, 1892. Taking the will and codicili
together, the following is an accurate
and full summary:
To his sister, Mrs. Northrop, ant
daughter, three lots in Camden, N. J.
on which they live; also bequest tt
Mrs. Northrop of $4,000, and the fur
ther sum OF $4,000 annually during hel
life; similar bequest of $25, 900 and an
annuity of $4,000 is made to each of his
two sisters, Mrs. Anna q. Hough and
Mrs. Elizabeth Palen, and to his brother
Abraham Gould.
To his daughter, Helen M. Gould, he
gives in fee simple and absolute, the
house in which he lives, $40 Fifth ave
nue., and all the contents therein.
To his son, Edwin he gives in fee sim
pie and absolute the house on East
Fourth street with all the contents
therein.
To his daughter, Helen. he made a
specific bequest of his portrait, painted
by Harkomer. He also gives to his
daughter, Helen, until the youngest
child shall arrive at age, the use of his
residence at Irvington, commonly called
Lyndhurst, free of taxes, and all the
contents therein, and also the cum of
$4,000 per month, stating that this is
done in the expectation that the minor
children, Anna and Frank j., as we'll as
his son Howard, will, during the period
above provided for. make their home
with his daughter Helen.
To his naIssake and grandson, Jay
Gould, son Of George J. Gould. be gives
the sum of $500, 600, to be held in trust
for said son, by George J. Gould, with
authority to apply the same to the sup
port and education OF said grandson, and
pay one.fourth of the same to him at
the age OF 25, one fourth at the age of
80, and the remaining one half at the
age OF 35, with the power to pay the
same at earlier periods, in the discre-
ton of his father.
To his son George he makes bequest
substantially in the following words ::
MY beloved son, George j. Gould, hav-
ing developed remarkable business abil.
fU h0x IrlN hn Ex,ax ,1
taken entire charge of all my difficult
services at SIS 100000, payable as fol-
lows: 5000, 600 in cash, less the amount
advanced by me for the pur-
chase of house for him
on Fifth avenue, New York city
$500, 900 in Missouri Pacific per cent
mortgage bonds; 100000 in St. Louis,
Iron Mountain and Southern railway
consolidated 6 per cent bonds; $500, 900
in Missouri Pacific trust bonds; 100000
shares of Manhattan railway stock; TO-
000sshares OF Western Union stock, and
10000 shares of Missouri Pacific stock
all to be tken and treated as if worth
par.
He appoints as executors and trustees
OF his will his sons George j. Gould,
Edwin Gould and Howard Gould, and
his daughter Helen NJ. Gould, with the
provision that in case vacancy shall
happen, by death or otherwise, his sou
Frank j. Gould shall be an executor
when he shall reach the age OF 2l years,
and in another vacancy he appoints his
daughter Anna Gould to fill such vacan.
cy when she shall reach the age OF 81
years. No bonds are to be required ol
the executors and trustees.
George ]. Gould and Helen M. Gould
are appointed guardians of Anna M
Gould and Frank j. Gould during their
minority.
All the rest OF the estate is devised
and bequeathed to said executors and
trustees, i'll trust; first, to divide the
same into six equal parts or shares, and
to hold and invest one of such shares for
each of said children. George j Gould,
Edwin Gould, Howard Gould, Frank j.
Gould, Helen M. Gould and anna
Gould, with authority to collect and re-
ceive and apply the income thereof to
each child for life; with power to each
to dispose of the same by will, in favor
of his or her issue, and in case OF death
without issue, the share of the one dying
to 60 to the surviving brothers and sic.
tiers and to the Issue OF deceased child
share and share per stripes, and not pei
capita. He directs that no deductions
shall be made by reason of any gifts or
advancements heretofore made to or for
anv of his children.
In case of differences of opinion
among the executors and trustees as to
the managing OF the estate, he directs
that as long as there are five executors
and trustees, the decision of four shal
be conclusive, and when four, the de-
cision of three shall be conclusive, with
the further provision in the codicil O.
November 81, 1892 as follows:
TO better protect and conserve the
values of my properties, direct anc
provide that the shares of any railway
or other incorporated companies at any
time held by my executors and trustees
shall always be voted by them or by
proxies, at all corporate meetings, as
unit; and in case my said executors
and trustees do not concu
as to how such stocks shal
be voted, then, in view O
the fact that my son George j. Goult
for years has had the management o
my said properties, and is familiar will