The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-10-27

such appointment in equal shares TO such
issue. and failing issue, then the principal
of such share is TO be paid to the survivors
of the above named or their issue
POWERS OF TRUSTEES.
"Tvelfth-The trustees OF the several
trust funds are authorized in their discre-
ton to sell or hold the securities belonging
to the testator at the time Of his death and
to change Investments, and are directed to
invest trust funds arising therefrom in GER
tain specified securities and classes of in
vestment with additional authority to in
vest In the mortgage bonds of any railroad
approved for that purpose by all of the ex-
ecutors who may qualify. They are further
directed to hold securities in which trust
funds may be invested in their names as
trustees for the parties. respectively, for
whose benefit the trust is created, keeping
each trust separate and distinct.
"rhirteenth-Specifcb requests are made as
follows: William X. Vanderbilt, 100000:
Chauncey NJ. Depew, 800 900; Edward V. w
Rossiter. $4,000; John Hone, $4,000: Rev. DR..
David II. Green. $4,000; Charles C. Clarke.
Sz5 900; Franklin Allen $4,000; Maud Gwynne
Shepard, SIS 600: John Rutgers Leroy. $4,000;
Charles F. Cox $4,000; Edgar T. Chapman,
son of Rev E. T. Chapman, of Watervliet,
y. Y, $4,000: George r. Fearing, $1,000
Rev. DR.. William s. Langford. $4,000;
George y. Warburton. s1o.0o0 Robert r.
McBurney dead, $4,000; ]. r. Hattmaker
| $4,000. Also the following annuites: Mrs.
William Turnbull. s1200: John T. Earles
| 81, 200: Mr.. jeremiah Simpson, 81 200; Mrs.
Sarah Simonson. 500; Mrs. Cornelius Little.
5000. Upon the death of each annuitant the
principal set apart for such annuity is
added to the residuary estate. Also II is pro-
vided that the judgment of the executors
shall be final in respect to any division of
the estate made by them, and each executor
and trustee is relieved from responsibility
for the acts or omissions Of any other, and
bonds required from them
curity.
CHARITABLE REQUESTS.
"Fourteenth-A legacy of 100000 is given
to the Young Mems Christian Association
of New York, and the desire is expressed
that the income, so far as practicable, be
used for Christian work among railroad en-
ployes. Also a bequest of $4,000 is given
to the rector, church wardens and vestry-
men of st. Bartholomews Church to be
kept invested by them and the annual in
come applied to the missionary work of the
parish. There Is a further bequest of $780,
900 for the erection of building for church
purposes in said parish, contingent upon it's
not having been erected prior 20 testator's
death. the surplus. if any, to be added to
the bequest last above named. Also the
following bequests: Yale University, $780,
600; st. Luke's Hospital in New York city,
$4,000 the Domestic and Foreign Mission
ary Society of the Protestant Episcopal
Church. $4,000; trustees of the Vanderbilt
University, Nashville, Tenn, $4,000; the
Redwood library at Newport, $4,000; the
r.
haitian Working Girls Society of the city
of New York. $4,000; the New York Bible
and Common Prayer Book Society, $4,000.
Also the executors are directed to pay to
the Society of st. Johnland annually the
sum Of $1,000. and a bequest of $4,000 is
made to the same society Also to the
Protestant Episcopal Society for Seamen
In New York city a beQuest of $4,000 is
given. and Turner'S painting of the Grand
canal. Venice. is givtp to The Metropolitan
Museum of Art In New York city.
"Fifteenth-A bequest of 81, 900 is given to
each Of the family servants who have been
In the employ in the house or stable OF the
testator for two years next preceding his
death. Also the following bequests: John
III. Dempsey. 5000; Charles A. Whitaker,
coachman. 5000; Tony, his barber. $1,000;
John Allen. his farmer. $2O00.
"Sixteenth-The gold medal voted by Con-
gress in 1865 at the close of the civil war to
Cornelius Vanderbilt. his grandfather, is
given to his son Alfred, with the request
that he leave it to his eldest son, and so on
down from eldest son to eldest son.
RESIDUE OF THE ESTATE.
"Seventeenth-All the rest, residue and
remainder of the estate, including all lapsed
legacies and the principal of annuities, is
given to the executors in trust to hold and
invest and reinvest, and collect rents, in
come and profits for the use of his son AL
fred, and to pay to him the net income
thereof as received until he becomes thirty,
when he is to come into possession of one
half of said estate, the income of the re-
mainder to be paid to him as before until
he becomes thirty-fve, when he is to come
into full possession thereof. If he dies be-
fore coming into possession Of any of his
estate and leaves children, the undistrib-
uted portion is to be divided into equal
shares and held in trust for such children
until they become of age. But, in event of
there being no children living after Alfred's
death, or their dying before coming of age.
then testator's son. Reginald c. Vanderbilt,
in all respects as to the undistrbuted por-
tion of such residuary estate, is to stand
in the place and stead of Alfred, receiving
the income until he is thirty and then half
the principal and the income of the bal
ance until he is thirty-five years of age,
when he is to be put in possession of the
rest. On the contingency that both Alfred
and Reginald die without issue before being
put into possession OF said estate, then
the testators daughters Gertrude and
Gladys are to become residuary legatees In
equal shares, their children taking the
parents share in case either dies before
that time.
''Eighteenth-The executors are directed
to pay out of the estate all inheritance,
legacy and transfer taxes chargeable or
account of any gifts. devises or be4uests
under the law OF the State Of New York
or of the United States or State therein.
"Nineteenth-Alice G.. Vanderbilt his
widow, is appointed executrix. and his
Alfred c. Vanderbilt, William X. Wander
| biIt Chauncey NJ. Depew and Edward w.
Rossiter are appointed executors, together
with Reginald. who may qualify as soon as
he becomes of age; and it is provided that
no commission or compensation shall be
paid to any executor trustee for his
services"
CODICILS TO THE WILL.
A codicil gives $4,000 additional to the
rector. church warden and vestrymen of
ST bartholomew Church, to be invested
and the annual income thereof 10 be ap-
piled to the church missionary work of that