The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-27


5000 Upon the death Of each annuitant
the principal set apart for such annuity
is added to the residuary estate. Also. 1t
ecutors 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 omis-
sions of any other, and no bonds are re-
Quired from them as security.
"Fourteenth-A legacy Of $1,000 is CIV
en- to the Young Mems Christian assocla-
ton, of New York, and the desire Is ex-
pressed that the income. so far as prao-
ticable. be used for Christian work among
railroad employees. Also bequest OK
100000 is given to the rector, cnurGh-
wardens and vestrymen OF ST Barthoio-
news church. to be kept invested py
them, and the annual income applied 10
the missionary work Of the parish: There
Is further bequest of $O00VO Tor the
erection of building for church purposes
in said parish, contingent upon its not
having been erected prior to the testa-
tors death: the surplus. If any. to be
added to the bequest last above named.
Also the following beQuests: Yale uni
versity 500, 900; st. Luke's hospital, IN
New York city, $5o,000; the Domestic and
Foreign Missionary Society of the Pro
testant Episcopal Church. $4,000: trustees
of the Vanderbilt university. Nashville,
Tenn. $4,000; the Redwood library at
Newport $4,000; the Newport, r. /, hos
pital, $4,000; the Chrstian Home me do f9r n n
Manhattan 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 societies Of st. Johnland an.
nuallY, the sum Of $4,000. and bequest OF
$4,000 is made to the same society. Also
to the Protestant Episcopal Society FOR
$4,000 is given, and Turner's painting of
the Grand Canal of Venice Is given to
the Metropolitan Museum Of Art. in New
York city.
FAMILY SERVANTS.
"Fifteenth-A bequest of $1,000 is given
to each of the family servants who nave
been in the employ in the house or stable
of the testator for two years next preced-
ing his death Also the following be-
quests John H. Dempsey % $S:oooi Sc0t mares les
barber. 81, 600; John Allen, his farmer.
$1,000. -, ~,
congress in 1865, at the close of the Civil
war, to Cornelius Vanderbilt, his grand
father, is given to his son Alfred, with
the request that he leave 1T to his eldest
son and so on down from eldest son to
eldest son.
''Seventeenth-All the rest of the prop
erty and remainder Of real estate, inciud-
ing lapsed legacies and principal of lega-
cies. Is given to the executors in trust to
hold, invest and reinvest, collect income
and profits for the use Of his son Alfred;
and to pay to him the net income thereof
as received until he becomes thirty, when
ne is 10 come luIO pOSSoSSlOI VI OlIV-iiolA
the said estate, the income of the re-
mainder to be paid to him as before un-
til he becomes thirty-1ve, when he is to
come into full possession thereof If he
dies before coming into possession OF any
or all of such estate, and leaves children
survivors, the undistrbuted is to be dtVid-
ed into equal parts and held in trust for
such children until they become or age.
But in the event there be no children liV-
ing at the time Of Alfred's death. OF. Of
their dying before coming of age, then
the testator's son, Reginald G. Vanderbilt,
in all respects as to the undistributed 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
balance until he thirty-five years of age.
when he Is to be put into possession of
the rest. On the contingency that both
Alfred and Reginald die without issue be-
fore being put into possession of said
estate then the teStator's daughters. Ger
trude and Gladys, are made resduary
legatees in equal shares, their children
taking the narents share in case either
dies before that time.
'Eighteenth-Th executors are directed
to pay out of the estate all inheritance,
transfer and legacy taxes chargea bic on
any grants, devise or bequests under the
laws of he United States any state
thereof HIS widow is appointed execu-
trix. and his SON, Alfred G. Vanderbilt
w. K. Vanderbilt Chauncey M. Depew
and w. Rossiter are appointed executors
y
as soon as he becomes of age, and it is
provided that no commission or compen-
sation shall be paid to any executor or
trustee for his services"
ADDITIONAL CODICILS
A codicil gives 0OO0O additional to the
rector, church warden and vestrymen Of
St. Bartholomew s church, to be invest
ed. and the annual income thereof to be
applied to the church missionary work Of
that parish
A second codicil bequeaths S10OO,000 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,s from brotherly affection and for
family harmony, to take out of his own
inheritance and give to his brother Cor
tune of Cornelius the same as that Of
his brothers and sisters. This has been
accepted by Cornelius in the same spirit
This action was altogether voluntary"
said Senator Depew, no threats having
been made. OF course there might have
been contest, under the terms of the
will, but there was never a suggestion Of
one. The whole thing was done in a most
beautiful, brothery way
The entire fortuneis is estimated to be about
$70,G0 100000. When some surprise was ex-
pressed at the smallness of the amount,
Senator Depew said it was not strange
when 1t is remembered that Mr.. Wander
bilt has been giving away perhaps half Of
his income for the last twenty-five years.
The exact amount of the fortune that is
distributed will not be known until it is
appraised by the state officials. No
schedule Of the numerous Vanderbilt
holdings of shares of stock is contained in
the will. The inheritance tax will be very
large. 1t is estimated by good authori-
ties that it will amount to at least 81, $780,
0O0 Ef'' 49, - 80