The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-12-17
THE V,IB OF a WISE MAN.
uo,- IN. Late wnuaua r. Coleman OF san
Francisco Has Disposed Of an Estate OF
Rao0 900.
rom n, em rao.',.o on. DE 2


Tho will Of the lato William 7. Coleman was
fled for probate Yesterday
The estate consists OF considerable real es,
| tn,e In San Francisco and elsewhere in the
| State. and with stocks and personal property
| aggregates ir value the sum OF SUOOOO0 Inc
| will bears date Aug %. 1893, and was exc
| cuted in the presence Of y. H. kellogg, ~ ,.
Gray and VI. A. Chester The VIII commences
Having from my youth gladly shared my
| means and earnings with my sisters hll
| those aids 10 their children well through life,
| and helping many others ~ my relatlons |
ieel that have in ali their behat uohe my
W" Having also with a full hand continuously
and pleasurnby aided many public and priyatIi
| charities gratuities. relicfs, promotionS. anu
bcnefaetions. think have done my iull duty
in all Of that regard also. and should nov def,
| t. tho support and uses OF my whe anu
The testa,ur goes on to beaueath the whole
| OF his estate to the Mon Trust company pI
San franri,co IN trust for certain rnrhosGs, seq
monthly or seni-annually. the former y pos
sibe. his trustee shall pay to his widow. Snrrle,
his entire estate, while tho remaining ~ per
cent is to be used To create reserve tund.
ls widow Is to naIe pnsoI1to G9ntr9I 2yer pr nGr
witch regard is lott with confluence in her
As soon as tho condition OF the estate will
allow. and upon tho request or consent OF the
widow. Carlton {. and Robert /. Coleman the
two sons OF the tostator. arc to receive S3O,OuU
each. These bequests are to be paid either IN
real property or IN any o. the testator's securl-
ties at market value. The testator eXpla ms
that he makes those Iepuests in order that
each Of his sons may nay" means suiileient 10
will be invested carefully and judiciolisly by
and Increased by Industry be the basis Of in.
denendent fortunes TO each ,,
Tho income accruing from the remainder o!
the estate is to 20 70 tho widow to be enjoyed
according to hGr sweet pleasure during d ne.
counting TO any court or tribunal. or to any
person or powor on earth now or after: After
the widows death the estate remains in trust t
each OF tho sons, or their legal representatives
until they both die. Is to he paid 40 per cent. OF
20 per cent. is to DO reserved by the trustees
as safety fund to cover the contingencies OF
damage by FIRE or earthquake or other cause
while ordinary repairs necessary to keep the
property from deterioration in value arc'to be
regarded as part OF the current expenses OF
The VIII also provides for the possible needs
OF the benenciarics under adverse circum-
stances. and declares that they shall have
more OF tho estate should they really need II.
Il at the end OF live ycnrs either OF the sons
tee. he IL authorized to pay each or both OF
thcm. as tho case may be. sum equal to flye
property reserved by the trustee. At the end
OF I've years more they arc authorized to draw
aed ntdrest an adono rI i've T Sr cent on
the whole OF their share of the PROPERTY re-
naming. which will to that extent DC equal to
one per cent, per arnum.
These rnyments are entirely independent Of
the 40 per cent. OF the not income which Is to
trustee is directed to invest and manage for
the sons any portion Of the estate due to them
direct that If either Of my two sons bring any
action at any time against my wife dlsputing
her acts, or against my executor or said trus-
tee to contest tho terms and provisions of tina
will or snd trust, then It is my csIh,c.cial in.
junction that the entire costs OF such litigation
disputqnt and shall 10 deductcd and takon
from his portion oftho estate DO not antici;
it and thus provide against it."
The Ini9n Trust Company is named as ex-
both capacities without bond. The trustee Is
given full power 70 buy. sell and otherwise
order ns m me tsa'S Wthou bW
ever. the trustee il to sock the assent Of the
twosons. And it is directed that the executor
shall see that all buildings are well covered
by fire insurance in tho most rGiiablc COM
ranies with a suggesti3n that foreign com;
than the local companies by sweeping and
disastrous fire.
The will goes INTO provide that upon tho
living, shall receive onc-twentieth OF the trust
mainder OF tho estat" and tho widows shares
on their death are TO go to the sons heirs al
ways providing that such heirs are born N I
, SHOULD both sons die childess. which the |
testator earnestly hOres may not he so. then |
the estate is TO ho divided into ten equal parts
some to be distributed among various chart |
tics, while some so 10 relatives OF the testator. |
one part goes To the maintenance Of the fam
~ tomb In tho lel"fontaino Cemetery in 81. |
Louis. Another part goes to the maintenance
OF u cemetery lot NJ Cynthiana. Ky. where the
parents are Inferred.
Another part goes to tho President and Board
81 Directors Of the 50. Louis University whore
Mr. Coleman received his education. Withthis |
money tho directors are enIoined TO create q
fund. to 10 styled the Carroll fund or the
" Coleman Carroll" fund, TO be devoted to tho
OF poor orphan boys. The fund is
30 named In remembrance OF Father George
4. Carroll. :. j.. to whom the testator was I'm
lebted for much Kindness and consideration
during his early struggles with the world
Another part IL divided equally between tho |
Protestant Orphan Asylum q: San Francisco |
and the Catholic Orphan ASYLUM near San
Rafael: while another one,tonth part is to DO
divided between the Old Peoples Home and
he Hebrew orphan Asylum, both OF san Fran
cisco
Mr.. Coleman was 80 years Of age at the time
of his death HIS widows age Is given at IS
years, while tho two sons. Carlton {. and Rob-
,rt L.. are placed at "a and % years respec-
lively