The San Francisco call., 1899-10-27

Vanderbilt inherits the larger portion or
his fathers fortune and becomes prac-
tically the head of the Vanderbilt family.
The will makes no mention of the mar
riage of Cornelius Vanderbilt Jr. and Miss
Wilson, nor of any quarrel between father
and son because of the union, but appar-
emily the fathers displeasure was visited
upon the eldest son. he receiving, all told,
under the terms of the will, but $l,o90,0U0,
and $1,000,000 of this is to be held in trust
by the executors. Alfred Gwynne Van
derbilt is, of course, the residuary legatee.
and will possess a fortune OF pronaply o
forty to nifty million dollars GLADYS,
Reginald and Gertrude (Mrs. Harry
Payne Whitney, will receive about $''oVV,-
600 each. 49,
give from his share to Cornelius to make
the latter as rich as his brother and Sis
ters. Alfred will therefore turn over 10
Cornelius about $6,O0O,000. The statement
reads:
The will of Cornelius Vanderbilt is dated
June 1S 1885, and the two codlcils thereto are
dated respectively April a. 1897. ana April T.
His property is disposed of under these in
struments follows: ,,. IT..
First-A bequest to Mrs. Vanderbilt, his
widow, for her life, of the dwelling house ana
premises on Fifth avenue, between FL s.sbe
enth and Fifty-eighth streets. Also the staple
in East Thirty-eighth street also al ieo ahe i
struments works OF art and all other artlcies lie
in his residence In New York, with the power
to her to change or dispose or them lS uuilnS
her lifetime. From this bequest is excepted;
however, ancestral portraits and ousts anu
portraits of himself and certain pieces oI Jew Jew
elry which are distributed among his cnlureh'
Alfred G., Reginald, Gertrude and Gladys
second-At the death of Mrs: Vanderbilt tne
either Alfred c. or Reginald G., as she may
appoint by her will, and in default OF such
appointment it goes to the eldes! Gi f ms efber
of them be living at the time OF her death,
then to Gertrude, IL living, and If not then
to Gladys. In case neither OF SAID sons or
daughters shall survive his widow. then the
property is to be divided among the
then living children OF such sons ana
then it becomes part Of the reslouaIy esestg "a
Third-A bequest to Mrs. Vanderbilt OF ms ms
also all of his horses, vehicles. harness, equip
ments and stable furniture in his staples at
the time of his death excepting speh @ chdran as hay
also his box at the Metropolitan Opera-house
is given to his widow .,,
Fourth-The residence, land ana properly,
with ali furniture etc, and contents OF the
houses and stables at Newport, k l., is gwen
to Mrs Vanderbilt for her natural NE dh1s sar ano
Ilpon her death to such one OF their chiidrep,
Alfred Reginald Gertrude and Gladys as she
may designate by her will, and IN detauit OF
such designation the same pecoLies P"iN u
the residuary estate.
Fifth-The Oakland farm IN south forts it,r
mouth. R. l., with all buldlngsi Iufnlrure tIlar e.
equipment and livestock upon 1t Is given 10
SixtbEA bequest to Mrs. Vanderbilt Of s.. 0oo..
o00 in securities, or. IL she SO eiect' sN'VVVV'V
seventh.A bequest TO Mrs. Vanderbilt Of the
annual income sum OF S25O,upO arlslns run u
securities to be set apart for that purpose py
EighthNAt the death of Mrs. Vanderbilt the
principal set apart to create the income or
$3.50 900 is given to Gertrude, Alfred G.. Reg
inaId c. and Gladys, or, If any or them oe
dead to their issue in such proportions as as
Mrs Vanderbilt may direct in her Will, ana IN
default of such apportionment the same 10 De
Ntntb-TInder power of appointment as to
e. o5o 600 held in trust under his fathers will
he directs that $500 900 thereof be paid TO his
son Cornelius and the balance thereof be
equally divided among his other children:
Tenth-One million dollars is given to his ex-
ecutors in trust to the Of his son Cor
nelius, who is to receive the net income curing
his life and upon his death the principal IS
to he divided into as many shares as he leaves
children and held in trust for them curing the
life of the youngest child living at tne time Oh
while to be applied to their maintenance ana
support and upon the death Of such child the
nrincipal to be paid over to the respective bene-
ticiaries But in case Cornelius should leave
no children surviving him, or II any chlld sur
yiving him should die before receiving ms
share then the principal or any unpaid portion
thereof is to become part of his resduary es-
tate No payment of such funds Is 10 De nlaoe
in anticipation of income or alenateo curing
the lifetime of the person entitled TO the In
come. -.
ties ia II be set apart by MS executors, TO De
divided by them into four equal parts and held
in trust one part each for the use of his chill
dren Gertrude. Alfred. Reginald and Gladys
the income thereof to be paid to each Tor Ire,
and 1pon the death of the beneficiary the pr1n-
cipal Of his or her share to be paid to the issue
Of such beneficiary in such proportions as may
be appointed by the will, and in default OF such
appointment in equal shares to such issue, ana
falling issue. then the principal or SUCH snare
is to be paid to the SURVIVORS OF the aooVe
Twelfth-The trustees of the several trust
funds are authorized in their discretion to sell
or hold the securities belonging to the testator
at the time of his death and to change invest
ments and directed to invest trust 1unds
arising therefrom in certain specihed securi
ties and classes of investment, with additional
authority to invest in the mortgage bonds OF
any railroad approved for that purpose by all
ther directed to hold securities in which trust
funds may be invested in their names as trus-
tees for the parties respectively for whose bene-
fit the trust Is created, keeping eacn trust
separate and distinct.
Thirteenth-Specihc bequests are made as
follows: William K Vanderbilt, 100000: Chaun-
ter. $50, coo; John w. Hone. s5o.0 900; Rev. Dr..
David H. Greer, $4,000: Charles g. Clark. w..
900; Franklin Allen, $25 600; Maud Gwynne wy nm.
Charles F. Cox, $40, 600: Edgar T. Chapman. son
of Rev. E. IT. Chapman of Wateryliet, N. =,
slGS90 George r. feasng s1 d sopTe Warbpr
ton, $4,000: Robert r. McBurney dead. $40, :
600; J. H. Hattmaker. $40. 900 Also the fol-
lowing aDnulLleS. MTS w
1920; John T. Earle sl2oo jeremiah simonson,
1920; Mrs. Sarah Simonson, 5000 Mrs. Cor
nelius Littell, 5000. Upon the death Of each
annuitant the principal set apart for such an
nuity is added to the residuary estate. Also
II is provided that the Judgment OF the execu-
tors shall be final in respect to any division or
the estate made by them, and each executor
and trustee is relieved from responsibility for
the acts or omissions of any other and no bonds
are required from them security.
Fourteenth-A legacy of 800 600 is given to
the Young Mems Christian Association OF New
York and the desire is expressed that the in
come far practicable, be used for Chris
tian work among railroad employees. Also a
bequest Of 100000 is given to the rector. church
wardens and vestrymen of St. Bartholomew S
Church, to be kept invested by them and the
annual income applied TO the missionary work
of the parish. There is further bequest of
$500 900 for the erection of building for
church purposes in said parish, contingent upon
tators death, the surplus, IL any, to be added
to the bequest last above named. Also the fol-
lowing bequests: Yale University, 500, 900: St.
Lukes Hospital in New York City, $4,000; the
Domestic and Foreign Missionary Society of
the Protestant Episcopal Church, $50, ,009; trus-
tees of the Vanderbilt University, Nashville,
Tenn, $3.50 600: the Redwood Library at New
port SO, 900; the Newport Or. u Hospital $1o.-
900: the Christian Home for Incorporate Men
in New York. $40. 900; the Manhattan Working
Girls Society of the city of New York, $40, 600:
the New York Bible and Common Prayer Book
Society. $4,000. Also the executors are di-
rected TO pay to the Society of St. Johnland
annually the sum of $4,000 and bequest of sl0,-
900 is made TO the same society. Also to the
Protestant Episcopal Society for Seamen in
New York City bequest of $4,000 is given