The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-12-08
THE WILL OF JAY GOULD.
An Abstract or the Document Given
to the Press by Judge
Dillon,
Tho Vast Property Left to His
Children in Almost Equal
Shares.
George i. Gould, However, Gets Special
Mention to the Extent of So ,OO0,-
OOO--Ihe Document.

NEw YORK. Dec. IAN abstract Of the
will and codicls Of the late jay Gould was
given to the pre6e by Judge Dillon, counsel
for executors. who stated that it is full and
complete; a1so that it has not been deter
mined when and where it will bo presented
for probate. The original will is dated
Dec. "A, 1885. Gould. Feb. Ia, 1899, exc
cuted the frat codicil. making such changes
as became necessary by the death of his
wife. The second and third codIcila were
executed on Nov. IL 1892. Taking the will
and codicils together, the following is an
accurate and full summary: 10 his sister.
Mfs. Aorthrop. and her daughters. three
lots in Camden N. j.. on which they live.
also beqnest 10 Mrs. Northrop Of $25. 600.
and further sum of $1,000 annually dnrinR
her life. A similar bequess of $4,000 and
an annHity of $1,000 ia made to each of his
sisters. Mrs Anna G. HouRh and Mrs.
Elizabeth Palen, and to his brother Abra-
ham Gould. TO his daughter. Helen M.
Gould. he gives in fee simple and absolute
the house in which he lived, 579 Fifth ave-
nue.. and all the contents therein.
To his son Edwin, he gives. in fee simple
and absolute, the house at / East Forty
seventh street, with all contents therein.
To his daughter Helen he made n specific
bequest of his portrait painted by Horko-
mer. He also gives to his daughter Helen,
until the youngest child shall arrive at age,
the use of his residence at Irvington. COM
monty called Lyndhurst, free of taxes and
all contents therein. and also the sum of
| $4,000 per month. stating that this is done
in expectation that the minor children.
Anna and Frank, Us well as his SON Howard,
will, during the period above provided for,
make their home with Helen. To his name
sake and grandson, Jay Gould. son of
George j. Gould, he gives the sum of $780,
O00.to be held in trust for said sou by
George j. Gould, with authority to apply
the same to the support and education of
said grandson, and pay one-fourth of same
to him at the age of 25. one-fourth at the
age of 30 and the remaining half at 35, with
power to pay the same at earlier periods in
| the discretion of his father.
To his son, George J. Gould. he makes a
bequest substantially in the following
DIS: "My beloved son. George j. Gould,
having developed re Elarkable business ebil-
ity, and having for the past five years
taken entire charge of all my difficult in
terests, l hereby fix the value of his SER
vices at Sc. 100000. payable as follows:
the amount advanced by me for the pur-
chase of a house for him on Fifth avenue,
New York city; $500,0O0 in Missouri Pacific
six per cent mortgage bonds; $500,00O in
ST. Louis, Iron Mountain Southern Rail
way company consolidated five per cent
bonds; $500, 900 in Missouri Pacific railroad
trusts five per cent bonds; 10000 shares of
Manhattan railway stock: 10000 shares of
Western Union stock, aud 10000 shares of
Missouri Pacific stock. all to be taken and
treated as worth pal"
He appoints as executors and trustees OF
the will his sons, George j. Gould, Edwin
Gould and Howard Could and his daugh-
ter, Helen M. Gould, with provision that in
case vacancy shall happen by death OF
otherwise, Frank j Gould to be executor
and trustee when he shall reach the age OF
81 years. and in case of another vacancy he
appoints Anna Gould to fill such vacancy
when she shall reach the age of 21 years.
No bonds are to be required of the execu-
tors and trustees. George j. Gould and
Helen Nj. Gould are appointed guardiaus of
Anna Gould and Frank j. Gould during
their minority.
All of the rest of the estate is devised and
be9ueathed to said executors and trustees
in trust. first, to divide the same into six
equal parts or shares and to hold and invesi
such shares for. each of said children,
George j. Gould. Edwin Gould. Howard
Gould, Frank J. Gould. Helen NJ. Gould
and Anna Gould, with authority to collect
and receive and apply the income thereof
to each child for lite with power to ca oh tc
dispose of same by will in favor of his ol
her issue, ard i'll case of death without
Issue the share of the one dying shall 60 te
the surviving brothers and sisters, and to
the issue of deceased child, share and shar,
per stripes. and not per capita. He directs
that no deductions shall be made by reason
of any gifts or adyanCements he etofort
made to or for any of the children.
In case of differences of opinion among
executors and trustees as to managing thu
estate. he directs that as long as there ar,
five executors and trustees, the decision oi
four shall be conclusive. and when four.
the decision of three shall be conclusive
with further provision, IN the oodioll oi
Nov. p, 1892, as follows: ITO better pro
tect and conserve the values of my proper
ties | direct and provide that the shares oi
any railroad or other incorporated com
panies at any time held by my executor
and trustees shall always be voted by thsn
or by proxies, at all corporate meetings, al
a unit and IN case my SAID executors ant
trustees do not concur as to how such stool
shall be voted, then. in view of the fac
that my son. George j. Gould, for years ha,
the management ~ said properties and il
familiar with them and with other lik,
properties ] direct and provide III suet
} event that his judgment shall control. ant
he is hereby authorized and empowered Il
vote said shares IN person or by proxy II
such manner as HIS judgement shall dictate
There is a provision in the will that til,
property of his daug hters shall he for then
sole and separate use, free from any sstat
or control of their husbands and prohibit
ing all dispositions for charges by any legal
or by way of anticipation or otherwise
There is provision that If any of the chill
dren shall marry without the consent of
majo rity of the executors and trustees
then the share allotted to such child shal
be ieducsd one half. and the other half o
8 sach share shall be transferred to such pei
: sons as. under the laws of the state of New
York, would take the same If tho testato
died intestate.
| A Member of the Malta.
DENVER Dec IA young creole named
VIM c. Sauers, III iail here. says be was