The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-10-22
THE WILL OF
Mr., A. F, PAGE
He Was Worth Quarter OF
a Million.
CHILDREN GOT 5000, 600
THIS DIVISION WAS MADE Be
FORE DEATH.
HIS WIFE WILL RECEIVE ABOUT $50, 900
The Methodist 0rphanage Gets the Academy
of Music or SIS, 500 ard his Grand
children are Given $4,000
in Bank Stock.

The last viii and testament of the
late A. Frank Page dated october Ind,
1899, was admitted to probate yesterday,
DIR. T. VI. Jordan and Mr.. Lee Johnson
being the subscribing witnesses. Mr..
*. +. Gray, one of the executors, when
asked for a synopsis of its contents, said:
Previous to his death. Mr.. Page had
divided among his children the larger
part of his estate, consisting of railroad
stock, real estate. Ne, and in his will,
after reciting the fact that he had made
these liberal provisions for his sons and
daughters.A he bequeaths to Joseph e.
Brown, as trustee, $1,000, par value, OF
the capital stock of the Commercial and
Farmers Bank of Raleigh to- be equally
divided. with the incrementl among his
grandchildren as they succeSsiyely be
come of age the share of any one DIVING
before ma iority unmarried and without
children TO so to the survivors. but ii
any one so dying shall be married or
leave children. the share shall go to the
children, if, any, but if none then to the
surviving husband or wife. The mar
ket value of the stock is about $500.
ITO the trustees of the Methodist
Orryhanage at Raleigh is devised the
Academy of Music on the corner of Mar
tim and Salisbury streets mot including
the annex in trust, to pay onelhalf of
the net rents and profits to Mrs. Lula
r. Page. wife of the testator, during her
life. and to apply the other half to the
support and maintenance Of dhe orphan
age. After the death of Mrs. Page the
whole shall belong to the orphanage,
i'm fee. with power to dispose of 1T at
any time with consent sof Mrs. Page, if
sold before her DEATH, and invest the
proceeds in other property for Like uses.
This devise is expressed to be an lieu OF
the balance OF the donation of S6.0OO,
which Mr. Page some weeks ago an
nounced his intention of making TO the
orTahanage The trustees of the orphan
age. however, are given the oDtlon CT
accepting this deviseNr of taking dona-
ton of $500, in cash which, in the
event Of the declaration of the trustees
of their preference for the same, the
executors are directed to pay to the Or
phanage, and of such sum $4,000 is to
be used towards erection of buildings and
$500 is to constitute an endowment
fund for the support lbf the orphanage.
'sAll the rest and residue of his es-
fate. of whatsoever kind and wherever
situate. is given. bequeathed and devised
to Mrs. Lula B. Page, his wife, and her
heirs absolutely.
Mrs. Lula B. Page and Messrs.
Joseph G. Brown and r. T. Gray are
named as executors with power to sell
and DISPOSE of any of the property at
public or private sale, at their discretion,
and without application to any court.
The amount of the estate devised IN
money. stocks and real estate
is estimated at about 100000.
The property formerly divided
aqnpng his children was estimated at
100000. 1t consisted Of tine Aberdeen
and Asheboro Railroad, ard large lumr
Der interests in Moore county; the Com
mprcial and Farmers Bank building
here, the Park Hotel and other real es-
tate, and in addition much stock in yari-
Gus enternrises.