The times., 1899-10-27
THE VANDERBILT MILLIONS.
How the Members of the Family
Fare Under the VIII.

Fare Under the VIII.
NEW YORK Oct. 25.-Afred Gwynne
Vanderbilt second living son of the late
Cornelius Vanderbilt. is made residuary
legatee under his fathers Will, while to the
eldest living son. Cornelius, is left only
$500 coo absolutely and 81. zoe, 600 in trust.
Alfred has. however. added $6,125OOO to
his elder brothers. share, so as to put him
on an equality with his younger sister and
younger brother The estate is now esti-
mated a something over $40. 600 O00 of
which between $40. 100000 and $4,000 600
VIII go to Alfred; at present the income
only, but half absolutely when he is thirty
years old, and the other half absolutely
when he is thirty-fve. AS a preliminary
to the filing Of the will tomorrow, a sum-
mary of the document was given out to-
night by Senator Depew at his residence.
by the terms of the viii Cornelius Van
deTbiIt the eldest son. whose marriage
with Grace Wilson created a breach be-
tween him and his father. gets only the
two beqGests mentioned. One of these the
S900,O0C given absolutely, is part OF
$1,000 000 fund left by the late w. r. Van
cerbllt, over which the late Cornelius had
the power Of app0rtiCnment. As to the trust
fund Of $1,000. 600 Cornelius is to receive
the income only, and the same is TO go TO
AtlS AlAtAI eli dl MS LGdlu. 0OILG4tQA IT,
ceives none of the family heTloOmS The
medal Congress gave to Commodore Van
deTbilt goes to Alfred, to be transmit ed
10 his eldest son, and so on down the line
Of eldest sons. The viii practically estab-
fishes Alfred as the eldest son.
Speculation concerning Cornelius action
in the event of his being cut off by the
terms of the will was set at rest toni ght
when Senator Depew. as an appendix to
the will, gave the following statement;
When Alfred Vanderbilt returned he
decided from brUtherly affection and family
harmony to take out of his own inheri-
tance and give to his brother Cornelius
sum sufficient to make the fortune Of
Cornelius the same as that Of his brothers
and sisters. This has been accepted by
Cornelius in the same spirit
The brothers and sisters do not all fare
alike but the sum which Cornelius will
receive from his brother is $6,125, 900. Ac
cording to the will. three of the other
four children receive bequests either out
right or in trust which amount to S5125;0O0
more than Cornelius receives under the
will
Mrs. Gertrude Whitney takes million
more under codicil. Bequests to friends
amount to $615, ,000-S200,O0O goes 10 Sena-
tor DepeW, $t00, geo to w X. Vanderbilt,
and $3.50 600 each to e. Y. w. RO5siter. the
ItSF Ii GFptT, OF SL. bdTlHOIOIueW
Church and John Hone To st. Bartholo-
news Church $40O COO is given. to which
$20O. 600 for new building@nay be added.
To the Young Mems Christian Association,
for the benefit of railroad men, Sl0e,O00
is given. To various institutions is be-
queathed 1920 600, OF this Yale University
gets 100000 and Vanderbilt University
$50 GOO
A petition for the probate of the VIII
yrruIu Id .fzT tC1g
Cornelius waived citation, which means
no contest. The documents themselves
viii be filed tomorrow. The will was made
nearly two months before the marriage of
young Cornelius TO Miss Wilson, on Au-
gust 3, 1885, but when it was drawn the
engagement had been publicly announced
and Mr. Vanderbilt considered this praC
tically the same thing as a marriage
Mr.. Depew said it was the only viii in
existence at the time of Mr.. Yanderbilts
death.
Cornelius" said the Senator might
have contested the Will if he had wan ed
to, but he had no precedents upon which
he could hope for any success. There Ger
tainly will be no contest of the document
row, however, as the waivers already filed
are meant to show. The whole arrange
ment between the two brothers is a most
beautiful example OF family spirit and, in
itself, precludes any idea of a contest. In
regard to the amount of the fortune let
by Mr.. Vanderbilt the amount left to him
by his father has been somewhat over $
timated, and did not, as was the popular
IDEA, amount to $40 600, coo. 1t must also
be remembered that Mr.. Vanderbilt was a
man who for the last twenty-five years had
been giving away practically one-haf Of
his income which amounted TO 81 coo ,000. >"
Alfred Gwynne Vanderbilt is only little
uary estate viii be in trust for him fer
nearly ten years to come. The inheritance
tax, Senator Depew thinks, viii be about
81, 800, O00