New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-13
JAY GOULD'S WILL.
THE ESTATE VALUED At S72, 100000.
100000 IN PERSONAL PROPERTY AND $1,000
600 IN REAL ESTATE DIVIDED

600 IN REAL ESTATE DIVIDED
AMONG HIS FAMILY.
The will and codicis OF Jay Gould were fled NJ
the probate clerks Office yesterday afternoon NJ
o'clock by ex-Judce John +. Dillon. There was
filed with It an affidavit OF the executors, George D.
Could Helen NJ. Gould. Edwin Gould and Howard
Could which estimates the value OF the real estate
which Mr. Could left in this state at S2OoooOo' ana
the value Of the personal property Mt S'ooOo'ooV'
The affidavit gives the names Of those VINO have an
Interest In the estate and their interest as follows;
Sarah Il. Northrop, $4,000 life annuity Of SZ'oO'
and life real estate OF the value OF 1loooo
Ida Northrop Mary Gould Northrop and Alice NorthFop
contingent interests under the viii, the value OF "hch
is not given Anna e.. Iiough, Elizabeth faen anu
Abraham Gould s25 .o.o and life annuity OF $1,000
Helen NJ Gould, personal property q the estimated
value Of 600 and month during the minority
her infant brothers ard sisters value Of this devise
put $3.50 900; Edwin Could the value Il his devise
put COO; JOY Gould 100000. George j. "oula
cash. bonds par value OF s5.O0oo00 less
the amount advanced for the purchase of the house No
Ffh-ayc; Kingdom, Marjorie Co. Helen W. children OF
George j. Gould. contingent interests in tho WILL tho value
Of which Is mentoncd.
The children George j.. Edwin. Helen NJ. Howard
Anna and Frank J. Gould all life interest in the
residue OF the the value OF which Is not mentioned
The affidavit Is sworn TO before b. W. j. Fox,
rotary public.
Bernard j. Turney probate clerk, has issued c
Of the Will, which are made returnable December
-.
The provisions Of the will have already been
made public. The Official documents show that the
will was executed December "a, 1885, the wit
nesses being Alnlon Goodwin, Henry Thomp
son and Herman ". Valderpoe; the first
codlcll, February 10, 1850, the witnesses to which
were John +. Dillon, wlnslow s. Pierce and George
:. Clay; the second and third codicis November H.
1899, witnessed by John +. Dillon. John T. Mum
and Margaret Terry. Tho death Of Mrs. Gould. which
occurred after the win was made, necessitated the
principal changes. In the original document she
was an exccutrlx, and was given the house at No.
so Finh-avc. and the country place, "Lyndlurt'
The other executors named We're Daniel s. Miller
Mr.. Gould's brothcr-in-law. George j. Gould. Thomas
7. Eckert and Edwin Gould. when he should become
OF age.
The first codic directs that the portion devised 10
Mrs Gould be divided among tho chilircl and in
place OF Mrs. Gould and Sr. Eckcrt appoints Helen
VI. Gould and Howard Gould executors, Frank J.
Gould 10 be added as executor when he should be-
como Of AGO The codic also increased somewhat tho
powers OF the executors.
The second codlc added n 5000 annuity to the
425 900 given In the will TO sarah Il. Northrup Anna
g. IIough Elizabeth Pacn and Abraham Could sisters
and brother Of Jay Gould. George J. Gould received
100000 in trust FOR his son. jag Gould. In TIL, col
lcil the Fifth.avc. house given TO I'lcl NJ Goud
and Lyndi-ul.t ~ . home FIR the younger children
George j. Gould and Helen VI. Gould We're appointed
guardians Of the minor children. Anna Gould and
Flank J. Gould. George J. Gould. Edwin Could
Howard Gould and Helen ". Gould were named as eX
ecui0rs. IN this second codlc that IN" 1000,
given TO George !. Gould in recognition of his
services In his fathers business. George J. ,otd
also given at that time tho deciding vote on the
shares OF stock held by the estate.
The third codlcll executed the same day as was
the second. gives To Edwin Gould tho house at No
! East Forty.scvcnth-st This was signed my Mr.
Gould only few days before his death.
In speaking Of the steps to b. taken in connection
with the fling Of Mr.. Goulds will IN the onlce ~ the
surrogate OF Ncw-York County 10 collect the In
heritance tax on hc personal property which has
been scheduled by the trustees al S7Oooo0)O, CON
trollcr Myers said yesterday that n wholly within
the discretion Of the executors under the will when
they should make application 10 the surrogate for
appointment OF appraisers to ascertain the taxable
fut the Law Owes incentive 10 interested parties
In an estate the Controller continued, ITO pay the
tax within six months II the tax Is paid within
SIX months after death Of the dccedent rebate Of
. per cent Is allowed upon the nssc smcnt. II not
paid until after the expiration Of Fix TJnths penalty
OF 6 Per cent attaches. running from the day OF the
deccdcnts Death. II the executors or heirs neglect
20 Iyy the tax within period Of eighteen months
the law directs the cXnction Of penalty Of 10 per
cent 10 be collected from tho date Of The testators
death.
II the personal property Of the Gould estate Is
appraised at $7O.OOOOO0. it will be llbabe 10 an
Inheritance tax. being left % Mr. Goud's children OF
/ per cent which would amount q $7000oo tn"
rebate OF per cent f1r payment within xix months on
this sum IS $4,000. II i, not hkcy that Mr. Gonlda
heir, will neglect the chance Of saving this neat little
amount
Thc application the Surrogate for the ap,'ntm"n,
~ aupr!,.r TO decide upon The yaluc al thc csiai"
80 ieco,.u, T. ir,v separate from IN" proceeding
appoint appraisers for hsc'Talhlis thr lh'fl,'
lax dine TIC STATE Tie former Application IS required
bv law 10 be- made "a the surrogate" "llhln thr'F
months after the tr.tator's death. Int thc N"l,
,rll.r or Comfy rcp.rer rs Wei n the STAT" and
'he heirs The right De represented IN M" pro
ccodlng before the appraiser. An appeal rom tle
oppralsors Judgment I,- the Surrogate. whose de.
cilion may be viewed by the General Term. ana
finally Ly the Court Of Appeals. but ONLY a. - Phc'-
lions 81 law Tho Controllers fees upon inhrrltnnr"
tax paid 10 the STATE , pr cent on the lrNi f1o"u
Of tax paid. . per cent on u" second s'oooO ana
per cent upon all additional suns.