The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-27
CORNELIUS WAS CUT SHORT.
nut ALFRED GWYNN VANDERBILT
WAS MAGNANIMOUs.

Bulk of Cornelius VanderbiIt's Es-
tate, About 500, Zoo, GOO, Was Left to
Alfred, Who Gave His Brother
$6,000,O Got Only ST.
100000, While the Other Children
We're Given ST.5O0,0OO Each-Pro-
visions for His Widow.
New York, Oct. Ex-senator Depew to-
night save out a statement of the terms
of the will of the late Cornelius Wander
but
1t shows that The fortune Is estimated
at $7O,0oO00O. Alfred Gwynn Vanderbilt
will get about $50 100000 He thus becomes
the head of the family
The will gives Cornelius Vanderbilt
about $1,500000. 1t gives to each of his
remaining brothers and sisters about
T,5O0,OOo, 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 Gwynn Vanderbilt
gives his brother Cornelius enough of his
inheritance to make his fortune equal to
that of the other members, namely, $780,
000
Senator Depew says that Cornelius Van
derbilt has accepted this arrangement in
the spirit in which it was offered.
No Mention of the Marriage.
The will makes no mention of the mar
riage of Cornelius Vanderbilt, Jr., to Miss
Wilson or 10 any quarrel between father
and son because of the union, but appar-
entity the fathers displeasure was visited
upon the eldest son. he receiving all told
under the terms of the will, but 81 500. 90
and 100000 of this Is held in trust by
the executors.
Mrs. Vanderbilt, his widow, is given the
dwelling house and premises on Fifth ave
nue., with their contents; also the house
and stables at Newport, r. l. She is also
given 100000 in securities, or if she so
elects, $1,000 600 in money; also the annuai
income or sum of $3.50 600 arising from Sc
ourities 70 be set apart for that purpose
by his executors
At the death of Mrs. Vanderbilt the prin-
cipal set apart to create the income Of
$4,000 is given to Gertrude, Alfred c..
Reginald c., and Gladys, or, If any of them
be dead, to their issue in such proportions
as Mrs. Vanderbilt may direct in her wlB,
and in default of such apportionment the
same to be divided equally.
At the death of Mrs. Vanderbilt the
property devised to her for life is given to
either Alfred c., or Reginald c., as she
may appoint by her will, and in default of
such appointment it goes to the eldest Of
his sons then living, Alfred or Reginald
and if neither of them be living at the time
of her death then to Gertrude if living
and, if not, then to Gladys. In case neith-
! er of said sons or daughtesr shall survive
| his widow, then this property is to be dl-
vided among the then living children of
| sUch sons and daughters, and If there be
TO such grandchildren then 1t becomes
| part of the residuary estate.
4 Request for DepeVv.
! Senator Depew receives $200,000 and a
number of bequests are made 10 religious
and other Institutions. His family ser
wants are also remembered
on the contingency that both Alfred and
Reginald die without issue before being
| put into possession of said estate, then the
| testator's daughters, Gertrude and Gladys,
are made residuary legatees in equal
| shares, the children taking the parents
share in case either dies before that time.
The executors are directed to pay out
of the estate all inheritance. legacy and
! transfer taxes chargeable on account OF
any gifts, devises or requests under the
| law of the state of New York or of the
United States or of any state therein.
| Alice G. Vanderbilt, his widow, is 6p-
| pointed executrix and his son Alfred c..
| Vanderbilt, William X. Vanderbilt, Chaun-
| cey M. Depew and Edward w. Rossitar
are appointed executors. together with
Reginald, who may qualify as soon as be
becomes of age, and il is provided that no
| commission or compensation shall be paid
10 any executor or trustee for his ser
vices.