The times. [volume] (Richmond, Va.) 1890-1903, 1892-12-08
JAY G0ULD'S MILLIONS.
LEATES MS ENTIRE ESTATE TO HIS
CHILDREN IND RELATITES.
George Gould Given Five Millions for His
Valuable Services-His Chiidren
Made Executors Without Bond.

| for the executors, who stated that II Was
full and complete. and also that 1t had
not yet been determined where or when
the viii will be probated.
The will Is dated December I. 1884
during the lifetime OF his wife Helen d.
Gould 1t made provision for her benefit
which failed Of effect by reason Of her
death before the death of her husband,
and in consequence OF her death AIR.
Gould, on the 10th day Of February. ,'69,
| executed the first codicil to his will, max
ing such changes as became necessary
by the death of his wife. second and a
third codicil to his will were executed
on the 2lst Of November, 1892. Taking
the will and the codicns together, the
following is an accurate and full sum-
mary OF the scheme and provisions
thereof:
First, the specific Iegacies. There is
given TO his sister Mrs. Northrop, ana
her daughters the three lots OF grouno
in CamtNn, n. j., on which his sister
lives. There is also a specific bequest
to Mrs. Northrop of $1,000, and the
further sum OF 5000 annually TO be paid
10 her during her life in equal quarterly
payments. To his sisters, Mrs. {. Hough
and Mrs. Elizabeth Palm. and 10 his
brother, Abraham Gould, there is given
the sum of 900 each, and also Inc
further sum OF 5000 annually during
their lives, payable I'm equal payments
To his daughter, Helen NJ. Gouid, ne
gives in fee simple absolute the mouse IN
which he lived, No SO Fifth avenue, and
all Of the furniture, books, paintings
,,fu "a M hnfrCqhOtn
tents therein.
TO his son Edwin he gives in fee simple
absolute the house No. l east Forty
seventh street, with all the furniture ana
household contents therein. To his daush-
ter Helen he made specific beduest OF
his portrait painted by Herkomer
He also gives TO his daughter Helen
until his youngest child shall arrive at
age the use of his residence at Irvington,
commonly called "Lyndhurst," free OF
taxes and all Of the furniture, BOOKS
PAINTINGS and household contents therein
and also the sum of 5000 per month,
stating that this was done In the eXpecta-
tion that his minor children. Anna anu
Frank j., as we'll as his son hoWaiu,
will, during the period above PROVIDED
for make their home with his daughter
Helen. To-
TO his namesake and grandson Jay
Gould. son of George j. Gould, ne eF'S
the sum of $500, 900, to be held in trust
for the said grandson by George j. Could,
with authority to apply the same 10 Inc
sunport and education Of the said grahu-
con and TO nay one~fourth Of the same
IN him at the age of twenty-five. one
fourth at the age Of thirty, ana the re-
rnatnfug half at thirty-tve, WIN po"et
to pay the same at earlier pellous' ~
the discretion of his father. To MS sois
George j. Gould. he makes DequeS'
substantially in the following woros'
my beloved son, George D. Eouiu' nay
ing developed a remarkable business aDli,
ity. and having twelve years ueFo.eu
himself entirely to my business, and dur
ing the past five years taheh
charge Of all my difficult Interests
hereby fix the value of his services at
&. 600 GOO. payable as follows: Five nun
dred thousand in cash, less the amount
advanced bv me for the purchase OF
house for him on F1fth avenue New
York citv: S5OO.OOO in Missouri per cent.
mortgage bonds, 1900 in st. Louis,
Iron Mountain and Southern railway
Company consolidated per cent DoIus'
$500 600 In Missouri Pacific railway trust
per cent bonds; 10000 shares OF Man.
haitian railway stock; lOOOO shares OF
Western Union stock and l0,WO shares
and treated as worth par"
He appoints as executors and trustees
Of his will his sous, George j. Could,
Edwin Gould and Howard Gould, and MS
daughter. Helen NJ. Gould, with a pro
vision that In case a vacancy shall nap
pen by death or otherwise, his son. FRANK
J. Gould is to be an executor aud trus-
tee when he shall have reached The age
of twenty-One years, and In case OF
another vacancy, he appoints his daugh-
ter. Anna Gould, 10 fiji such vacancy
when she shall have reached the age OF
twenty-one years-nO bonds To he re-
ouired of the executors and trustees.
George j. Gould and Helen NJ Gould
are appointed guardians Of Anna Gould
and Frank j. Gould during their minority
AN the rest OF the estate is devised ana
beuueathed 10 the said executors ana
trustees First, to divide the same lhto
six equal parts or shares and 10 hoid
one of such shares for each CT his sala
children, George J. Gould, Edwin Gouid'
Howard Gould. Frank j. Could Helen
NJ Gould and Anna Could, with author
ity 10 collect and receive, pay and apply
all the income thereof 10 each chhd ioT
life. with power TO each to dispose Of
the same by will in favor Of issue and
I'm case OF death without issue the share
of the one so dying to go to the surviy-
ing brother, and sisters and the issue OF
any deceased child. share and share alike
per stripes and not per capita.
He directs that these trusts shall be
kept separate and distinct. and that the
accounts thereof shall be separately kept;
that no deductions shall be made by rea-
son Of any gifts or adVancements hereto-
fore made to or for any Of his children.
In case of differences OF opinion among
4 .-f. n hg1
and retaining securities or investments in
the estate he directs that so |
long as there shall be five executors !
and trustees the decision Of four shall
be conclusive, and when four that the |
decision of three shall be conclusive: !
with a further provision In the codicH Of |
November 2f. 1892. as follows: 1.-The better |
TO protect and conserve the values of |
my properties, II is my desire. and / do |
so direct and provide. that the shares or [
any railway or Of any Incorporated com
)anies at any time held by my executors !
md trustees or my said trustees. shall |
always be voted by them or their prox-
es, at all corporate meetings rs an "nit |
md I'm case my said executors and trus-
ees. or my said trustees. do not concur |
IS 10 how much stock shall be voted, !
hen, In view Of the fact that my son,
George J. Gould, has for years had the !
Of my said properties, l d
-ect and provide that In such event his
Judgment shall control. and he is hereby
authorized and empowered 10 vote the
aid shares In person or by proxy In
uch a manner as his Judgment shall
Iictate."
There is the usual provision In the
vii that the property OF his daughters
5 for their sole and separate use, free
rom any estate or control Of their hus-
ands, and prohibiting all dispositions or