The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-12-08
JAY G0ULD'S MILLIONS.
They Are Nearly All Divided
Among His Children.
A PRINoELY GIFT FOR GEORGE.


New York, Dec. 6.-The following
abstract of the will and codicils of the
late Jay Gould is given to the press by
Judge Dillon, the counsel for the execu-
tors. who states that it is full and COM
plete, and also that it had not yet been
determined when or where the will
would be presented for probate. The
original will is dated Dec. "a, 1885, dur
sng the lifetime of his wife, Helen d.
Gould. 1t made various provisions for
her benefit, which failed of effect by
reason Of her death before the death OF
her husband. After, and in consequence
of her death. Mr.. Could on E.eb. 1s,
1889, executed the first eodicil to his
will, making such changes as became
necessary by the death Of his wife. A
second and third codicil to his will
were executed on Nov. 81, 1852
Taking the will and the codicils to-
gether the following is an accurate and
full summary of the scheme and prov1s-
kons thereof:
First, the specific legacies. There is
given to his sister, Mrs. Northrop and
her daughters the three lots of ground
in Camden, N. j., on which his sister
lives. There ia also specific bequest to
Mrs. Northrop of sS5, 900, and the fur
ther sum of $1,000 annually to be paid
her during her life III equal quarterly
payments. 10 his sisters Mrs. Anna 9.
Hough and Mrs. Elizabeth Palen, and
TO his brother, Abraham Gould, there is
given the sum of Ss5, 900 each, and also
the further sum Of $1,000 annually dur
ing their lives, payable iii equal pay
ments.
Tho Bcquests TO His Children.
To his daughter, Helen NJ Gould, he
gives in fee simple absolute the house in
which he lived No. $40 Fifth avenue,
and all OF the furniture, books, paint
ings, statuary, silver plate and house
hold contents therein.
To his son Edwin he gives in fee sim
pie absolute the house, No. / East Forty
seventh street, with all the furniture
and household contents therein To his
daughter Helen -he makes specific be-
guest OF his portrait painted by Herko-
Kner. He also gives to his daughter
Helen, until his youngest child shall ar
give at age, the use Of his residence at
Sfvington, commonly called "Lynd-
hurst, free Of taxes, and all of the fur
nituTe books, paintings and household
contents therein; and also the sum of
$1,000 per month stating that this was
Gono i'll tho expectation that his 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 namesaks and grandson, Jay
Gould, son Of tteorge J. Gould. he gives
the sum of $500 600, to be held in trust
for the said graldsol by ieirg7 J,
Gould, with authority to apply the same
10 the support and education of the
said grandson. and to pay one-fourth of
The same to him at the age of %, one
fjurth at the age Of 30, and the remain
tog half vt 3J, with power to pay the
N sailte ut cartier periods, a. the discretion
X Of his father
To his son George j. Gould he makes
bequest substantially i'll The following
YOrds: MY beloved son, George j.
Gould, having developed a remarkable
business ability, and having for twelve
gears devoted hlGself entirely to my
business, and during the past four years
kaken enilre charge Of all my difficult
interests | heteby fix the palue OF his
services at $1,000. COO, payable aa follows:
s500,O0O N cash, less The amount ad-
Fanced hy Inc for the purchase of
bnuse for h!m on Fifth avenue, New
Cork city; $500 coo in Missouri Pacific
sper cont. mortgage bonds: 100000 in
bt. Louis, Iron Mountain and Southern
Railway company consolidated per
cent bonds; $50n 900 in Missouri Pacific
Kailway trlst . per cent bonds, 10000
RhareS Of hitnaattan railway stock, TO-
epD sharT of Western Union stock and
40, GOO shara5 Of Missouri Pacific stock,
aii to be taken and treated as worth par"
His Children as Executors.
He appoints as executors and trustees
Of his viii his sons, George ]. Gould,
Edwin Gould and Howard t4nuld and
his dU1ttTlttEr Ilp1pu N IL,
provision that III case vacancy shall
baHpen by death or otherwise, his son.
Frank j. GDnd.i is to I've an executor
and trustee when he shall hi.ge reached
the age Of II Years, and in case of an.
other vacancy he appoints his daus shtar,
Anna Gould, to fill such vacancy when
Sha shall have reached The age of u
years. No bonds are to be requited of
the executors and trustees.
George j. Gould and lieien II. Gould
arc appointed guardians uf Anna Gould
:, sud Frank j. dould during their minor
tty.
All the rest of his estate is devised md
bequeathad to the said executors in
trust First divide the SAME il six equal
parts on shares, and to hold one of such
Shares for each of his said children,
George J. Could Edwin Gould, Howard
Gould. Frank J. Gould, Helen VI Could
ard Anna Gould, with authority 10 col
ect and receive, pay md apply tll the
income thereof to each child fer life,
with power to each to dispose of the
Beme by will in favor If Issue, and in
case of death without issae tho share of
the one so dying TO go 10 The Surviving
brothers and sisters and to the iSSae of
any deceased cRild, sGare and share
alike. per stripes and not per Capita He
directs that tllese trusts shHll be kept
separate and distinct, and TINT the ac-
counts thereof shall b" separately kept;
that no deductions shall be made by rea-
son Of any gifts or Announcements lereto-
fore made 10 or for any OF the children.
40 Concentrate Gould Interests.
In case Of differences of opinion among
the executors and trustees as to holding
Rnd retaining securities or investments
IN managing the estate. he directs that
30 long us there shall be five executors
and trustees, the decision of fonr shall
be conclusive, and when four the de-
cision OF three shall be conclusive, with
further provision in the codicil of
Nov. 81, 1909, rs follows:
"fhe batter to protect and conserve
TIE values of my properties. II is my de-
Ere, and SO direct and provide, that
ths shares Of any railway or of any in
sorporated companies held at any time
by my executors and trustees shall al
wavs be voted by them or their proxies
at all corporate meetings as unit, and
IN case my said executors and trustees
OF my said trustees 10 not concur as to
elow much stock shall be voted, then, in
view OF the fact that my son George ].
Gould has for years had the manage
1nent OF my said properties, / direct and
provide that in such event his Judgment
shall control, and he is hereby author.
feed and empowered to vote The said
shares in person or by proxy in such a
manner as his Judgment shall dictate,
There is the usual provision in tho will
that the property of his daughters is for
their sole and separate use, free from
any estate or control of their husbands,
l. III =