The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-10-27
TERMS OF VANDERBILT WILL
n STATEMENT GIVEN OUT BY SEM
TOR DEPEW.

TOR DEPEW.
Fortune Estimated at $4,000, ,OOO-AI-
fred Gwynne Vanderbilt Gets $780,
100000 and Thus Becomes Head O1
FamiIy-Other Children, With Excep-
Y tIOn of Cornelius Jr., Get $7,50O,O 200
Each-CorneIius Jr. Cut or with 81,
100000 but IL is share is Made $7,5OO,-
3 OOo by His Brother AIfred-Many Pri-
vate Requests 100000 for Yale-Eve,
n His Barber Remembered.
New York, Oct. 26.-The provisions of
\ the will of Cornelius Vanderbilt, who
!. died here on September 18th, We're made
public tonight in statement given
out by Senator Chauncey M. Depew.
4 The statement shows that Alfred
Gwynne Vanderbilt inherits the bulk of
his fathers fortune and becomes prac-
n tically the head of the Vanderbilt fam
lily The will makes no mention of the
marriage of Cornelius Vanderbilt, jr.,
Ito Miss Wilson, nor to any quarrel be-
#tween father and son because of the
union, but apparently the fathers dis
pleasure was visited upon the eldest
&son, he receiving, all told under the
sterms of the will but $1,500,00O and ST.
100000 of this is held in tust by the ex-
ASecutors. Alfred Gwybnne Vanderbilt is,
kof course, the residuary legatee apd will
Tpossess fortune of probably 0,000,-
1000 to $50,0OO,000 Gladys Reginald and
fGertrude (Mrs. Harry Payne Whitney,
Twill receive about $7,50O000 each. Most
Remarkable of all, however, is the state
sment that Alfred will give from his
eshare enough to Cornelius to make the
R1atter as rich as his brother Reginald
Hand sisters. Alfred will, therefore,
sturn over to Cornelius about $6,OOO000.
HaThe statement reads:
Il 1.-The will of Cornelius Vanderbilt is
Sdated June 12, 1896, and the two codi-
Rcils thereto are dated, respectively
gApril "a, 1897, and April 4, 1899 His
sproperty is disposed of under these in
sstruments as follows:
"First-A bequest to Mrs. Vanderbilt,
This widow, for her life of the dwelling
Shouse and premises on Fifth avenue,
Between Fifty-seventh and Fifty
EIGHTH streets. Also the stables in
.BEast Fifty-eighth street, also the
shousehold furniture, pictures, silver,
2rnusical Instruments, works of art and
BALL other articles in his residence in
New York, with the power to her to
Echange or dispose of them during her
lifetime.
Il From this bequest is excepted, how
Fever ancestral portraits and busts and
PORTRAITS of himself and. certain pieces
sof jewelry which are distributed among
Hhis children Alfred G., Reginald c.,
#Gertrude and Gladys.
n "Second-At the death of Mrs. Van
Sderbilt the property devised to her for
life is given to either Alfred G. or Reg
Einald c., as she may appoint by her
will, and in default of such appoint
Sment it goes to the eldest of his sons
then living, Alfred or Reginald, and if
sneither of them be living at the time of
Rher death then Gertrude if living, and
stf not then to Gladys. In case neither
of said sons or daughters survive his
widow, then this property is to be di
svided among the then living children of
such sons and daughters and if there
sbe no such grandchildren, then it be-
comes part Of the resduary estate.
"Third-A bequest to Mrs Vanderbilt
iof his pew in Trinity church, New
port r. l., and also all horses, vehi-
lcles, harness, equipment and stable
furniture in his stables at the time of
!,
given during his life to the children
Also his box at the Metropolitan Opera
house is given to his widow.
"Fourth-The residence, land and
property, with all furniture, ETC., and
contents Of the houses and stables at
Newport, r. l., are given to Mrs. Van
r1erbilt for her natural life, and, upon
her death, to a such one of their chill
dren, Alfred, Reginald, Gertrude and
Gladys as she may designate by her
will, and, in default of such designation,
the same becomes part of the residuary
estate.
"Fifth-The Oakland Farm in South
Portsmouth, r. L., with all buildings
furniture, equipments and live stock
upon it, Is given to Alfred G. abso-
lutely.
"Sixth--A bequest to Mrs. Vanderbilt
Of 81, 100000 in securities or, if she so
elects, $2,O0O,0O0 in money
"Seventh-A bequest to Mrs. Wander |
bilt of the annual income or sum of
s25O 900 arising from securities to be set |
apart for that purpose by his execu- |
tors.
"Eighth-At the death of Mrs. Van
1erbilt the principal set apart to create |
the income of s250,000 is given to Ger
trude, Alfred G., Reginald c. and |
Gladys, or, if any of them be dead, to |
their issue in such proportions as Mrs. |
Vanderbilt may direct in her will, and,
In default of such appointment, the
same to be divided equally
"Nnth--Under a power of appoint
nent as to $5,O00,000 held in trust under
ais fathers will, he directs that S50O0OO
thereof be paid to his son Cornelius and
he balance, therefore, to be equally di-
yided among his other children.
"Tenth-One million dollars is given
% his executors in trust to the use of
lis son Cornelius, who is to receive the
,st income during his life, and upon his
leath the principal is to be divided into
is many shares as he leaves children
md held in trust for them during the |