The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-12
WILL OF EDlT0R DAM.
Bulk of the Estate, Worth $1,2OO,OOO,
Bequeathed to the Widow.

NEW YORK, Nov. 1.-THE will OF Charles
A. Dana. as filed in the surrogates office
at Jamaica. L. l., for probate. is as follows:
81 give. devise and bequeath all my es-
tate and property, real and personal and
mixed of every kind whatsoever and where
sOever situate, excepting only the shares
of the capital stock of the Sun Printing and
Publishing Association that at the time of
my death / may own or hold. to my wife,
Eunice MacDaniel Dana; said capital stock
TO my son Paul, for and during his natural
life, in trust to collect the income, issue and
profits thereof and to apply the same:
First, to the use of my wife during her
natural life; second after her death to pay
over such income. issues and profits to my
Dana Draper, Paul Dana, Eunice Dana
Brannan, share and share alike. If any
child should die in the meantime the issue
of said child shall receive the profits, In
come, ETC., Of it's parents share.
''At the death Of my son Paul If he dies
before my wife. she shall receive the shares
and stocks of the Sun Printing and Pub
fishing Association, but If my wife is not
living said shares and stocks shall be d.
vlded equally among my children.
81 appoint my son Paul Dana as sole
executor, with power to invest and sell all
stocks. bonds and securities at his own dis
''If he thinks well of selling the stock Of
the Sun Printing and Publishing Company,
he may do so, and the profits therefrom
shall revert to my wife, and at her death to
my children, share and share alike.
The value of Mr.. Dana's estate is said
to be between 81. 100000 and 81 100000. and in
cludes his fine country seat Dosoris, on the
shore of Long Island sound, near Glen
Cove, which is said to be worth nearly
81. 900 600 and is free and unincumbered. An
intimate friend of the deceased editor In
speaking of the will, says that Mr. Danas
fortune was accumulated the result of
the business direction of the Sun in the
thirty years that he was president of the
corporation 1t represents the appreciation
of the Sun stock and the accumulation or
dividends. 1T is safe to represent that MI
Dana in the DAYS of his management, be-
ginning in 1868 and ending in 1897. received
as his share of the profits and as salary
not far from 81 600. 000.
He also denies the rumorS that Mr.. Dana
was heavy borrower from j. Pterpont
Morgan. and says that Mr.. Dana STOCK IN
the Sun is as unincumbered as any otner
portion Of his estate. He also adds that an
examination of the profits of the Sun news
paper since Mr.. Dana gained control or the
his direction of the property 1t earned nearly
1000 per cent. paid in dividends. 1t there-
fore paid the original subscribers to the
stock the whole amount of their purchase
money in ten years and for twenty years
has been earning what is sometimes called
clear velvet for them. -,
The examination. of course, did not dis
close that the business earned each year
the same percentage of prohts. once az
least the paper earned as prontS an amount
considerably exceeding the capital stock. In
other years it. Of course, SHARED the generai
depression, but there never was year When
it did not earn a handsome dividend, and
this wear its earnings are above is per cent
a divid nd of that amount having been al
ready paid.