The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-10-27

| funds arising therefrom in certain spec
| flied securities and classes of invest
| ment, with additional authority to in
| vest in the mortgage bonds of any
railroad approved for that purpose by
all the executors who may qualify
They are further directed to hold Sc
curities in which trust funds may be
invested in their names while trustees,
keeping each trust separate and dis
tinct.
"Thirteenth-Specific bequests are
made as follows: William X. Wander
nlt $100,000 CEauncey NJ Depew,
100000; Edward V. w. Rossiter $5o.-
600; John W. Hone, $4,000: Rev. Dr.
David Fl. Greer, $4,000: Charles c.
Clark, $4,000; Franklin Allen. $4,000;
Maud Gwynne Shepard, $4,000; John
Ruttgers Leroy, $4,000; Charles Cox,
$4,000; Edgar T. Chapman, son of
Rev. e. T. Chapman of Watervliet, N.
Y. $4,000; George r. Fearing, $4,000;
Rev. DR.. William s. Langford. $4,000;
George A. Warburtcn,. $4,000: Robert
Il. McBurney tdead). $4,000; j. H.
Hattmaker $4,000.
Also the following. annuities: Mrs.
William Turnbull, $1,000: John 7.
Earle, $1,000; Mrs. jeremiah Simonson,
$780, Mrs. Sarah Snlonsun, 5000;
Mrs. Cornelia Llttell. 5000.
Upon the death of each annuitant
the principal set apart for. such an
nulty- is added to the residuary es-
| tate.
Also it is provided that the judg-
ment of the executors 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 omissions of any other
and no bonds are required of them as
security.
''Fourteenth-A legacy of $1OO, 900 is
given to the Y. NJ. c. A. of New York,
and the desire is expressed that the in
come, 50 far as practical BILE, be used
employees.
Also a bequest of $780, 900 is given
to the rector, church wardens and
vestrymen Of st. Bartholomew
church, to be kept invested by them
and the annual income applied to the
missionary work of the parish.
There is a further bequest Of $780,
600 for the erection OF a building for
church purposes in said parish, con-
tingent upon its not having been erect
cd prior to the testators death, the
surplus. if any, to be added to the last
above named.
Also the following bequests: Yale
university, 100000; st. Luke's hospi-
tai In New York City, $4,000; the Do
mestic and Foreign Missionary Socie-
ty Of the Protestant Episcopal church.
So000o; trustees of the Vanderbilt uni
versity, Nashville, Tenn, $4,000: the
Redwood library at Newport, $4,000;
the Newport, +. L.. hospital, $4,000;
The Christian Home for Incorporate
Men in New York, $4,000: the Manhat-
tan Working Girls Society of the city
or New York, 100000 the New York
Bible and Common Prayer Book So
ciety, $4,000.
Also, the executors are directed to
pay to the Society of st. John annual
~. the sum of $1,000 and a bequest of
$4,000 is made to the same society
Also, to the Protestant Episcopal
Society for Seamen In New York City
a hequest of $4,000 is given and Tur-
ner's painting of The Grand Canal' is
given to the Metropolitan Museum of
Art in New York City.
Fifteen-A bequest of 81. 900 is given
to each of the family servants who
have been in the employ of the house
or stable of the testator for two years
next preceding his oath. Also the fol- !
lowing bequests: John IT. Dempsey,
man, $4,000: Tony, his barber $4,000:
John Allen. his farmer, $4,000
'Sixteentfr-The gold medal voted by
congress in 1855 at the close of the
civil war to Cornelius Vanderbilt, his
grandfather, is given to Alfred. his
son, with the request that he leave it
to his eldest son. and so on down from
eldest son to eldest son.
'Seventeenth-All the rest, residue
and remainder of the estate, including
all lapsed legacies and the principal Of
annuities. is given to the executors in
trust to hold and invest and reinvest
and collect rents, income and profits for
the use of his son, Alfred. and to pay
to him the net income thereof, as re-
ceiVed until he becomes 30 when he is |
to come into possession of one-half of
said estate, the income of the remainder |
to be paid to him as before until he |
becomes S5, when he is to come into
full possession thereof. If he dies be-
fore coming into possession of any or
all of such estate and leave children
surviving the undistributed portion is
TO be divided into equal shares and held |
in trust for such children until they
become of age. But in the event of |
their being no children living at the |
time of Alfred's death or of their dying |
before coming of age, then the testa-
tors son. Reginald c. Vanderbilt, in all |
respects as to the undistributed portion |
of such residuary estate, is to stand in |
place instead of Alfred, receiving the |
income until he is 80, and then half the
principal and the income of the balance
until he is 35 years of age, when he is
to be put in posse ssion of the rest. In
the contingency that both Alfred and
Reginald die without issue before be-
ing put into possession of said estate, |
then the testator's daughters, Gertrude
and Gladys. are made residuary lega
tees in equal shares, their children taxi
ing the parents share in case either
dies before that time.
'Eighteenth-The executors are di-
rected to pay out of the estate all in
hertance. legacy and transfer taxes
on account of any gifts,
devices or bequests under the law Of the
state Of New York or of the United
States or of any state therein.
"Nineteenth-Alice G.. Vanderbilt. his
widow. is appointed eXecutrix and his
son Alfred G. Vanderbilt, William K
Chauncey M. Depew and
Edward w. Rossiter are appointed exc
cutors, together with Reginald, who
may qualify as soon as he becomes of
age, and 1t is provided that no COM
mission or compensation shall be paid
o any executor or trustee for his ser
lces."