Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-10-27
The VANDERBILT WILL
Contents of the Important Document
Finally Made Public-Alfred
Gets Most.
Favorite Son Inherits Bulk Of the
Great Fortune, Estimated at
s7O,OOO,OOo.
Alfred Gives Brother Cornelius,
Who Got Smallest share, Pres.
ent of $4,000, 900.


New York, Oct. Ex-senator Depew
last night gave out statement of the
terms of the will of the late Cornelius
Vanderbilt. 1t shows that the fortune
is estimated at $4,000 0O0 Alfred
Gwynn Vanderbilt will get about $780,
100000. He thus becomes the head of
the family. The will gives Cornelius
Vanderbilt about $l,5O0, 900 1t gives to
each of his remaining brothers and sis
tiers about S7,500O00, Alfred, of course,
not included
out of the spirit of affection and for
the purpose of satisfying all of the
members of the family, Alfred Gwynne
Vanderbilt gives his brother, Cornelius,
enough of his inheritance to make his
fortune equal to that of the other mem
bers. namely. s1.5o0,00O Senator De-
pew says that Cornelius has accepted
this arrangement in the spirit in which
it was offered.
In a most conservative estimate of
the value of the estate. made by one of
the executors. who declined to permit
the use of his name he valued the
property at S70,00o000. Others in a po-
lsition to venture TO make an estimate
declare that the securities at the pres
ent market value would bring fully
$50. 100000 more. The figures are so stu
pendous that those who have the best
Information can do no more than make
Il Wild guess. The executors estimate
of $lo.0oU0o0 is probably more moder
ate than the appraisal for assessment
will be, and more than $l,50o,o00, the
allowance for young Cornelius, will
Z have TO be paid as an Inheritance tax.
While Alfred Vanderbilt has given
away s6,oo0,000. he remains Infinitely
richer than his brothers and sisters
combined. According to more liberal
reports which estimate the estate at
mot less than sl4o,o0o00 he is at the
loutset of his career possessed of sloo,
o0o.100. or far more than either his ia
liner 81 his grandfathereach favored
hidren--received.
The late Cornelius Vanderbilt fol-
lowed the example of Commodore Cor
Iderhilt in leaving the bulk of his for
tune 10 one son while making album
CANT provision for his other children.
al
friends gave substantial rewards to
faithful servants and left large sums
TO some public institutions, though in
death perhaps he showed less generosi-
Ivy than he aid while living.
! While adding TO his enormous for
tune every year. he contributed to
every worthy charity. private and pub
lie. He was never deaf to an appeal.
He gave away at least one-half of
This income every year" remarked Sen
fatoi Depew, and ! do not believe that
The had received less than S2000,00O a
year for many years.
Mr.. Nanderbilt's widow receives life
interest In the Fifth avenue property,
It between Fffty-seNenth and Fifty-eighth
/ streets the stables in Fifty-eighth
street the houses and stables in New
port, and a yearly income of s250.00o
4 from securities to be set aside from the
estate Besides this she gets 000
outright. on her death the principal
from her life estate geas To four of her
children, Cornelius being excepted from
The distribution
Specific beluests inclnde 100000 te
The testatoris brother. William *. Van
4 derbilt 100000 to his friend Senator
Depew $4,000 TO his former secretary
it'harles r. Cox nov vice president ant
treasurer Of the Nickel Plate railroad
and treasurer of the Big Four railroad
$4,000 10 his friend. Col George Fear
ing of Newport; $4,000 TO his forme
private secretary. j. X. Hatmaker: SO
eco To Charles g. Clarke, for MANY year.
vice president of the New York Contra
& Hudson River railroad: $4,000 to hi
pastor, Rev DR.. David Greer; $4,000 4
Ms cousin, Franklin Allen $4,000 q
Mrs Maud Gwyilne Shepard. relativ
of the widow: $4,000 To Mrs. Wander
bits cousin, John Rutgers lie Roy, AM
Sloe0o to Rev. DIR. William S. Langford
Annuities are left to Mrs. William
l'rrumbull an old lady for whom MI
Vanderbilt provided in his lifetime, am
Mrs. jeremiah Smonson, distant reia
ItjNes
Public requests include 100000 10 tn
Young Mems Christian Association. I
. be devoted to the railroad branch
which occupies a building constructe
by Mr. Vanderbilt at Forty fifth stree
and Madison avenue: SS00,0no To 81
Bartholomew church for missionar
work, and 100000 for a church build
ing; 100000 to Yale University
$4,000 each to St. Luke's hospital, tn
Domestic and Foreign Missionary Soci
: ETY. of the Protestant Episcopal church
and the Vanderbilt University. Nash
vilie Tenn. 10000 each To the Red
wood library, Newport. the Newpot
hospital, the Christian Home for Inten
perate Men, the Manhattan Workin
Girls Society, the New York Bible an
Common Prayer Book Society and tn
Protestant Episcopal Society for Sea
men,
Mr.. Vanderbilt leaves his famor
painting by Turner, Grand Cana
Venice" said to be worth 100000, to Ii
Metropolitan Museum of Art.
Alfred vanderbilt's principal shar
the resduary estate of millions upo
millions, is to be held in trust for hil
until he reaches the age of 30, when /
viii come into full possession of one
half The residue viii be held until !
lis 3d.
The executors named to handle tt
y great fortune are Mrs. Alice G.. Va,
derbilt. the widow; Alfred G. Vande
J. bilt, William X. Vanderbilt, Chaunce
"a NJ Depew and Edward V. w. Ro
sitter. Reginald c. Vanderbilt ma
"a qualify as executor as soon as he COM
n Of age.
{, The will was executed on June
u 1895 prior to Young Cornelius marriat