The times., 1899-10-28

NEW YORK. Oct 27.-CoTnelius Van
derbiIt, at his home sos Fifth Avenue. to-
night made the following important state
ment: The agreement by which l re-
ceive $4,000, 600 from my bro.hcrs portion
Of the estate has been made to appear as a
mere gift. 1t is no gift, but the result of
! a compact entered into before my father
demise. By this compact l was to receive
no less than $4,000. coo. The truth of
the matter is that an agreement or an ad-
justment was made from the beginning.
Yes. I may say from the beginning to the
end. There was an understanding between
US that my share should be no less than
$4,000, OO0.
when was that agreement maae?" was
asked.
Il can only say that it was some time
prior to my fathers death - Cornelius re-
piled. The matter has since been in the
hands OF my lawyers, Carter & Ledwayd,
Wall Street. They have absolute charge
of my interests"
Mr. Vanderbilt was asked if there would
be an amicable settlement of the estate
on the basis indicated by the transfer of
the S. O0O eco to him from Afre1's portion.
To this he replied;
you must excuse me; l will not dis
cuss the matter further. just wish to be
set right before the public All my inter
ests arc in my lawyers hands"
There was a report current that Cor
nelius will join his father-in-law, R. t.
Wilson, in the latter's banking firm. He
would not discuss his plans tonight.
The Vanderbilt will was filed for
probate in the surrogate's Office by
Anderson &, Anderson, the lawyers in
charge Of it, this afternoon at 3:45
O'Clock. The synopsis printed this
morning covered practically all the ground
of the Wills provisions which are made
cumbrous in the original document by the
use of legal verbiage The will having
been made before Mrs William H. Wander
bits death, contained a bequest to her,
the testators mother of 500 000 "as a
mark of affection" Besides the pew in
Trinity Church. Newport, R. l.. the pew
occupied by the family in st. Bartholo-
news Church this city, goes to Mrs. Van
derbilt. In the eighth clause of the will,
which provides that at the death of Mrs
Vanderbilt the principal set apart to create
the $3.50, 600 income bequeathed to her shall
be given TO the children, except Cornelius,
1t is directed that any child born after the
testator's death shall share with the others.
The clause empowering the trustees OF
the several trust funds TO hold or sell Sc
curities or receive moneys, directs that the
investments be in bonds or stocks of the
State or Of the United States, or mortgage
bonds of the New York Central Railroad
the Lake Shore and Michigan Southern
Railroad, the Michigan Central Railroad
the New York and Harlem Railroad, and
the Chicago Northwestern Railroad, or
bonds guaranteed by them, or in New York
city real estate. The bequest of 81, 900 an
nually to the Society OF ST. Johnland is to
be paid so long as the society keeps an
agreement made with Mr.. and Mrs. Van
derbilt several years ago
There was a feeling in some quarters that
the viii might contain statement Of the
testator's reasons for his treatment of his
eldest son. There was no such statement
and practically nothing relating 10 Cor
nelius other than was published today in
the synopsis furnished by the family
Legal phraseology made the form of the
provisions regarding Cornelius vary, that
was all The lawyers said today that there
was nothing new in the case to give 10 the
public, either concerning the viii itself OF
the estate or the adjustment that had been
reached in the consultations of. Cornelius
and Alfred and their respective lawyers.
The only other paper relating to the will
which reached the surrogate's office was the
waiver OF citation by Gertrude Vanderbilt
Whitney, wife of Harry Payne Whitney,
which was fled by clerk from Anderson
& Anderson's Office