The San Francisco call., 1899-10-27

in 1865 at the close of the Civil War to corne-
nus vanderbilt. his grandfather. is given to
AHred, ms son. with the request that he leave
1t to his eldest son. and so on down from eld-
est son to eldest
Seventeenth-Al the rest residue and re-
mainder of the estate, including all lapsed Iega-
oies and the principal of annuites is given TO
the executors in trust. to hold and invest and
reinvest and collect rents, income and profits
for the use of his Alfred and to pay him
the net income thereof as received until he be
comes 50, when he is to come into possession Of
haif OF said estate, the income of the re-
malnder to be paid to him as before until he
becomes 80. when he is to come into full posses
sion thereof. If he dies before coming into
possession of any or all such estate and leaves
children surviving the undstributed portion
trust for such children until they become of
age. But in the event of there being no
children living at the time of Alfred's death,
OF OF their dying before coming of age then
the testators son, Reginald G. Vanderbilt in
an respects as to the undistributed portion of
such residuary estate, is to stand in the place
instead of Alfred: receiving the income until
ne ne Is 80, and then half the principal and the
age, when he is to be put in possession Of the
resi-; IN the contingency that both Alfred and
heglnald die without issue before being put
tor daughters, Gertrude and Gladys, are made
resiuuary legatees in equal shares, their child
ren @ taking the parents share in case either
dies before that time
Elghteenth-The executors are directed to nav
4u. OF the estate all inheritances. legacy and
tIansrer taxes chargeabe on account Of any
gtIts, asvlses or bequests under the law of the
state or New York or of the United States or
any State therein.
Nineteenth-Alice C. Vanderbilt, his widow.
- appointed eXeoutrix, and his son, Alfred G..
vanderbilt. William K Vanderbilt Chauncey
NJ, N. Deoew 5 and Edward w. Rossiter are ap-
pointed executors. together with Reginald who
may quallfy as soon as he becomes of age
ana II is provided that no commission or com
pensatlon shall be paid to any executor or
trustee for his services.
A codicil gives 200 additional to the
rector, churchwarden' and the vestrymen
OF st. Bartholomew Church. to be in
vested and the annual income thereof to
pe appned TO the church missionary work
of that parish.
A second codicil bequeaths 81 ,00O, 900 ,ad-
ditional to his daughter, Gertrude V.
whitney, and $4,000 to John A. Peterson
Senator Depew gave out the following
statement regarding the action of Alfred
Vanderbilt:
When Alfred Vanderbilt returned he decided
from brotherly affection and for family har,
mony, to take out of his own inheritance and
give TO his brother Cornelius sum sufficient
TO make the fortune of Cornelius the same as
that of his brother and sisters This has
been accepted by Cornelius in the same spirit
This action was altogether voluntary no
threats having been made. OF course there
the will, but there never suggestion Of
one. The whole thing was done in most
beautiful, brotherly way.
The entire fortune is estimated to be
about $40 600, 600. When some surprise was
expressed at the smallness of the amount
Senator Depew said it was not strange
when it is remembered that Mr. Wander
Dill had been giving away perhaps half
OF his income for the last twenty-five
years The exact amount of the fortune
I'll 1t Is appraised by the State officials
The inheritance tax will be very large
1t Is estimated by good authorities that
IL Will amount to at least $1,5G0,000.