The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-27
THE Wand ERBILT WILL.
ALFRED, RESIDUARY LEGA TEE ONLY
Sf,5OO,OO FOR com LIUa

Tor Depew, AbOu,OCO Tor st. bhrtholos
news, and 100000 for DIR. Greer
500, 200 to tho Y. NJ. c. A., and 03sO, OOo
for Other Institutions E.trs
Million for Mrs. Harry Payne whitney.
Alfred Gwynne Vanderbilt. second living soA
OF the late Cornelius Vanderbilt. 10 made reside
uary legatee under his fathers will. while to
the eldest living son. Cornelius. 10 loft only
100000 absolutely and 81 100000 in trust
Alfred has. however. added nearly six
millions to his elder brothers share
so az to put him an equality
with his younger sister and younger
brother, The estate is now estimated at some-
thing over $4,000, 900. OF which between $40.-
00O.00O and $4,000 900 will 60 to Alfred at
present. the income only OF tho present resi-
due: but half. absolutely. when he Is 30 years
old. and the other half. absolutely. whom he
10 3D.
As a preliminary to the filine Of the will
to-day summary OF the document
was given out last night by Senator Depew
| at his residence.
BY the terms OF the will Cornelius Vander-
bilt. the eldest son. whose marriage with
Grace Wilson created a breach between him
and his father. gets only the two bequssts
mentioned. One OF these. the $500.0U0 given
absolutely. Is part OF a 100000 fund left BY
the late W. H. Vanderbilt. over which the late
Cornelius had the power OF appointment
As to the trust fund Of $1.000.o00. Cornelius
Is TO receive the income only. Cornes
Illus receives none OF the family heir
! looms. The modal Congress gave to Commo-
dore Vanderbilt goes to Alfred. to be trans
mittsd to his eldest son. and SO on down the
line Of eldest sons The will practically estab-
fishes Alfred as the eldest son.
Speculation concerning Cornelius's action in
the Of HIS haDp off nv tho nf
the will was set at rest last night when Sem
ator Depew. as an appendix to the will. gave
| out the following statement:
When Alfred Vanderbilt returned he de-
| cided. from brotherly affection and for family
| harmony. to take out Of his own inheritance
and give to his brother Corn elius a sum suifici-
emit to mako the fortune OF Cornelius the same
as that OF his brothers and sisters. This has
been accepted by Cornelius in the same
| spirit"
Tho brothers and sisters do not all fare alike,
but the sum which Cornelius will receive from
his brother is put at S.. S75. 900. According to
the will three OF the other four children receive
requests either outright or In trust which
| amount to $5.S75.O0O moro than Corne lus
receives by the will. Mrs Gertrude Whitney
takes a million more under codcil.
BeQuests to friends amount to SB15 200;
! $2OO,0O goes to Senator Depew. 100000 to
W. X. Vanderbilt and $50.0 900 each to E. V. W.
| Rossiter. the Rev. DR.. Greer OF st. Bartholo-
news Church. and John Hone. To st. Bar
tholomsw's Church 5000, 900 is Eivon. OF which
| 100000 10 for a new building. To the Y. N.
g. A.. for the benefit OF railroad men. 100000
is given. To various other institutions 10 be-
| Queathed $500 600
This IL the summary OF the will and codc.ls:
The Omcial statement.
| The will of Cornelius Vanderbilt Ia dated
June IL. 1895. and the two codicils thereto are
1880. The following d a summary OF tho 81 pro:
visions Of me will:
THE WILL
First. A. bequest to Mrs. Vanderbilt. his
premises Or, Fifth avenue. between Fiity.sey-
enth and Fifty;sighth streets; also the stable
also all the
% s, all 9sh s5s
lifetime. From this bequeat are excepted,
however. ancestral portraits and busts and
drs9. Alfred g.. Reginald g.. Gertrude and
Second: At tho death Of Mrs, Vanderbilt the
property devised to her for her life is given to
By 9 her w "a and dsiauf q sScS po
ment It goes to the eldest q his sons Alfred or
at h nse m s9 81 Sa d sS.n s o . ;:
truds II Lying. and II not then to Gindy, In
survive" his widow then this T PROPERTY Is to 30
divided amonG The then livipg children OF such
snS 1asr. pa Ss % aSs
1h,rd; request to Mrs yandsr4il. q hi, hi.
stable furniture in his stables at the time OF
At the Metropolitan Opera House Is given to
Fourth: Tho residence. land and property,
her natural 10 and upon her death to such one
OF their children: Alfred. ksginald: GerEuGds
ana IN dssus q sueh , .sSnaoD the s' SANE
becomes part OF the residuary estate. p.
moSt r tn o ss al FSTR In souh HSs
..qGipment liye stock upon it, 10 given to
S ri 4 beSuest to Mrs. Vanderbilt of two
million dollars lu securities. or II she 30 elects.
two million dollars in money. y,,..,
annual Income or sum Of two hundred and nifty
thousand dollars arising from securities TO be
Eei'ik; At Il. death Of hr:. Vanderbilt the
principal get apart 70 create S the iaei13m: Of
and GLADYS; or il Any q them Be- dead.
sdsb may in d HSSe IN RS S and f'n
default OF such appointment the same to be
Ninth Under a ROVER, Of appointment as to
five million dollars held In trust under his
Hher sS' dsS that ,G ye To hun
son 0ormelips, and the balance thereof be
equally divided among bic other children.
Tenth: One million dollars is given to his
executors in trust TO the use OF his son Cornr-
Illus, who 10 10 receive the net income during
HIS life and upon his death the princip a 10 to
be divided into as many shares as he leaves
children and held in trust for them during tho
life Of the Youngest chi d living at the time OF
the death OF the testator, the income mean
while to be applied TO their maintenance and
support and upon tho death OF such child
the principal to be paid over to the respective
bunencaries But in case Cornelius should
leave no children surviving him, or IL any child
surviving him should die before receiving his
share, then. the principal or any unraid por-
ton thereof 10 to become part of the esiduhry
estate, No payment OF such trust funds Is to
be made in anticipation OF income or alisnAted
during the lifetime Of tho person entitled to
the income,
Eleventh.: Twenty million dollars in secur.
ties is TO be set apart by his executors. to be
divided 10y them into, four equal parts and held
IN trust. ono part each for the use OF his chile
dren Gertrude. Alfred, Reginald and Gladys.
tho income thereof to be pad oyer to each for
life. and upon the death Of the beneficiary the
| principal OF his or her share to be paid to tho