Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-10-28
ESTATE DIVIDED
A Secret Agreement in the
Vanderbilt Case.
SONS SHARE
viii be Increased According to a
Compact Made Before the Fathers
Death--lt Is Not in Reality a Gift
as Has Been Reported.

fishes the following: Cornelius Wander
bllt, at his home No.. Cos Fifth avenue,
at lO:45 O'Clock last night, made this
important statement to a World repre-
sentative:
THE agreement by which I receive So
DOC, 900 from my brothers portion of the
estate has been made to appear as a mere
slft. 1t is no gift, but the result of a
compact entered into before my fathers
death. By this compact l was to re-
ceive no less han so, 900, 900. The truth
of the matter is that an agreement of an
adjustment was from the beginning. Yes,
| may say from the beginning to the end.
There was an understanding between us
that my share should be no less than
$40, 0OO, OOO.'
when was the agreement made?"
II can only say that it was some time
prior to my fathers death. The mat
ter since then has been in the hands of
my lawyers. Carter and Ledyard. They
have absolute charge of my INTERESTS
My Vand 5rbilt was asked if there
would be an amicable settlement of the
estate on the basis indicated by the
transfer of Sc. 600, 900 to him from Alfred's
portion. To this he replied:
You must excuse me. will not dis
cuss the matter further. Just wish
to be set right before the public. All my
interests are in my lawyers hands,
New York, Oct. 2S.-The Tribune this
morning says: The provisions of the will
of Cornelius Vanderbilt. which were
made public yesterday, excited intense
interest. From certain remarks it ap.
pears that this settlement. alone, effect
ed after long discussion, prevented a con-
test that might have resulted in one of
the greatest and costliest VIII litigations
ever known. Cornelius Vanderbilt, Jr.,
when he learned the provisions of his
fathers will, placed his interests in the
hands of his counsel, Carter and Led
yard. They conducted negotiations with
Henry B. Anderson, the attorney of AL
fred GWynne Vanderbilt. While mons
of those interested would say what was
done, enough has been admitted to indi-
cate that had Alfred not made the con-
cession mentioned litigation would have
followed.
Cornelius Vanderbilt was az the Grand
Central station yesterday. Alfred was
at Newport. When Cornelius was seen
he dismissed the subject briefly BY say
ting: "Whateyer arrangements may have
been made was made through my attor-
neys, Carter and Ledyard. have no
comment to make uDon the sttlement.
1t was a family arrangement and not q
gift
1t was learned from a trustworthy
source yesterday that Cornelius Wander
bit, JT., is much disappointed ny his
fathers will and the affiliate in which
he has been placed by his brothers
handsome concession and that he will
withdraw from any further participa-
ton in the affairs of the Vanderbilt
property. Cornelius Vanderbilt, Jr., is
described by those who know him init
mately as a reticent young man. He
took his disagreement With his father
much to heart and after mis- marriage
tried in every way to overcome the diff
Guilty. He entered the office or super-
of motive power OF the New
York Central and went to work to prove
his merit. He worked early and late.
he never asked more than any other en-
ploye. He did everything he could to
prove to his father his serious Intentions.
He never complained and never allowed
an opportunity to pass without trying
to secure a re-establishmant of the for
mer cordial relations between himself
and father.
1t is said further that he hoped and be-
lleved he had succeeded in gaining his
fathers favor. The two men did NOT
discuss the subject, but for hours father
and son talked cordially at the Breakers
IN Newport and also in this city. The
young son Cornelius, Jr., was often taken
to the Breakers and Mr.. Vanderbilt man
rested a Keen enjoyment in seeing his
grandson. 1t is said that in the light
of these talks and fondness displayed by
ms father for the baby. Cornelius believ-
ed that he had regained his fathers ia
'of and would share at least equally
with Alfred. should he not be the chief
heir. When he learned the provisions
or the Will he was much Disconnected and
troubled. '
1t was said yesterday HI would soon
retire from the place in the New York
central office and that he would never
ASK q nave q Nninn nithnr - IT.. r.,
councils or in the management Of no
enormous Vanderbilt properties. His
pan 1t was added, was to go into the
banking business as a partner of his
father-in-law. r.. T. Wilson, Nh,ther
cornelius Vanderbilt. Jl., for Mr. Wilson
"ou!u ulscuss this statement. but such
actlon upon the part eff Cornelius Van.
dsrbllt, Jr., is expected by his relatives
ana the ina friends of the family.