Connecticut western news., 1892-12-15
JAY GOULD'S ESTATE.
THE MILLIONAIRE DIVIDED IT BE-
 TWEEN HIS SIX CHILDREN.

If Any of the Children Marry without
 the Consent of a Majority of the Others
 the Onending Child Must Lose Half oi
 His or Her Estate.
 NEW YORK, Dec. 12.-The following ab-
 stract of the will and codicils of the late Jay
 Gould was given out by Judge Dillon, the counsel for the executors, who stated that
 1t was full and complete and also that it
 had not yet been determined when or where
 the will would be presented for probate:
 First-The specific legacies. There is
 given to his sister, Mrs. Northrop, and her
 daughters the three lots of ground in Cam. den, N. J., on which his sister lives. There
 is also specific bequest to Mrs Northror of $25, 900, and the further sum of e, ,0O0 to Dc paid to her annually during her life in equal quarterly payments. To his sisters Mrs. Anna G. Hough and Mrs. Elizabeth Palen, and to his brother, Abraham Gould
 there is given the sum of S25, 900 each, and
 also the further sum of s2, 900 annually dur ing their lives, payable in quarterly pay
 ments .~ To his daughter Helen M. Gould h.
 
 which he lived, 579 Fifth avenue, and all oi
 the furniture, books, paintings, statuary silverplate and household contents therein To his son Edwin he gives in fee simpls
 absolute the house 1 East Forty-seventt
 street, with all the furniture and house hold contents therein. To his daughter Helen he made a specific bequest of his DOT
 trait painted by Harkomer.
 -l- IL. Il -l. IIzl- Al his youngest child shall arrive at age, the use of his residence at Irvington, common ly called Lyndhurst Cfree of taxes), and oi all of the furniture, books, paintings and household contents therein, and also ths
 sum of e, 900 per month, stating that this was done in the expectation that his minor children, Anna and Frank J., as well as his son Howard, will, during the period above provided for, make their home with his daughter Helen.
 Young Jay Gould's s5oo, ,ooo-
 To his namesake and grandson, Jay Gould, sdn of George J. Gould, he gives ths sum of $500, GOO, to be held in trust for tn. said grandson by George J. Gould, with
 authority to apply the same to the support and education of said grandson, and to pay l one-fourth of the same to him at the age oi | twenty five, one-fourth at the age of thirty and the remaining half at thirty-fve, witf power to pay the same at earlier periods il the discretion of his father To his sor
 George J. Gould he makes bequest sub stantially in the following words:
 My beloved son, George J. Gould, having de | veloped . remarkable business ability and hay | ing for twelve years devoted himself entirely | to my business, and during the past five year. taken entire charge of all my difficult interests Thereby hx the value of his services at $5, 600, I GOO, pay able follows: Five hundred thousand dollars in cash, less the amount Advanced by | me for the purchase of a house for him on Fiftf avenue New York city; S5O0,O0O in Missouri Pacific 6 DOT cent. mortgage bonds; $500, LOO il l St. Louis, Iron Mountain and Southern Rsil | way company consolidated per cent. bonds | 3508 O0o in Missouri Pacific railway trust pei cent. bonds; 10, oeO shares of Manhattan railway | stock: l9,DoO shares of Western Union stock ana 10000 shares of Missouri Pacific stock-an to b. | taken and treated as worth par.
 | He appoints as executors and trustees o I his will his sons George J. Gould, Edwir 1 Gould and Howard Gould, and his daugh
 ter Helen N. Gould.
 Devised in Trust.
 All the rest of bis estate is devised ana | bequeathed to the said executors and trus I tees in trust-frst to divide the same int< xix equivalent parts or shares, and to holG | and invest one of such shares for each o | his said children-George J. Gould, Edwir Gould, Howard Gould, Frank J. Gould | Helen M. Gould and Anna Gould-witf authority to collect and receive, pay and | apply the income thereof to each child fol I life, with power to each to dispose of tht same by will in favor of issue, and in GAS. I of death without issue the share of tn, one so dying to go to the surviving brothers | and sisters and to the issue of any deceased | child, share and share alike, per stripes ana not per " Ia.
 He tli. lat these trusts shall be kept | separate r, distinct and that the ac | counts tnereof shall be separately kept | that no deductions shall be made by req son of any gifts or advancements, hereto | fore made to or for any one of his children In the codicil of Nov. 2l, 1892, he says: The better to protect and conserve the value, of my properties. 1t is my desire, and so direct and provide, that the shares of any railway oi | other incorporated companies at any time hclc | by my executors and trustees or my said trus tees shall always be voted by them or by theii proxies at all corporate meetings unit and in case my said executors and trustees ol my said trustees do not concur as to how sucf | stock shall be voted. then, in view of the fac | that my son George J. Gould has for year. | had the management of my said properties and | is familiar with them and with other like prop | critics, direct and provide that in such event his judgment shall control, and he is hereby au l thorized and empowered to vote the said shares | in person or by proxy in such manner as hi, | judgment shall dictate.
 There Is the usual provision in the will | that the property of his daughters is fol their sole and separate use, free from any estate or control of their husbands, and | prohibiting all dispositions or charges by any of the legatees by way of anticipation or otherwise There is a provision that il | any of his children shall marry without | the consent of a majority of the executors | and trustees, then the share allotted to | such child shall be reduced one-half. and | the other half of such share shall be trans | ferred to such persons as under the laws oi the state of New York would take the same | if the testator had died intestate.