The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1899-10-27
TANDERBILTS WILL
Resented His Namesake's Marriage
in Dividing His Fortune.
ALFRED THE PRINCIPAL HEIR.

Cornelius. who Married Miss Wilson
Against Ills Fathers wish, l. Left
Muiion aud HAIR. 20 which Al
fred VIII Add Six Millions.
New York. Oct. 27.-The provisions
OF the will OF the late Cornelius Van
derbilt were made public last night in
statement by Chauncey NJ Depew.
Alfred Gwynne Vanderbilt iuherits
the larger portion OF his fathers for
tune, and becomes practically the head
of the Vanderbilt family The will
makes no mention of the marriage OF
Cornelius Vanderbilt, Jr.. to Miss viii
son. nor to any quarrel between father
and son because Of the union, but ap-
parently the fathers displeasure was
visited upon the eldest son, he reCeiv-
Ing all told under the terms of the
will but Sl.500,00 and 81, 600 600 OF
this is held in trust by the executors
Alfred Gwynne Vanderbilt is, of
course, the residuary legatee, and will
possess a fortune of probably $40, ,OO0.-
200 to S5O,O00,0O0. Gladys, Reginald
and Gertrude Mrs Harry Payne Whit
ney) Will receive about $500. 600 each
But Mr.. Depew states that Alfred will
give from his share enough to Cor
nelius to make the latter as rich as
his brother Reginald and his sisters
Alfred will. therefore, turn over TO
Cornelius about S6,OOO,000.
The will provides a bequest to Mrs
Vanderbilt, his widow, for her life. of
the dwelling house and. premises on
Fifth avenue. Also the stable in East
Thirty-eighth street, also all the house.
hold furniture pictures, silver musical
instruments, works of art and all other
articles in his residence in New York,
with the power to her to change or dis
| pose of them during her lifetime. From
this bequest is excepted, however, an
/ cestral portraits and busts and por-
| traits of himself and certain pieces OF
| iewelry, which are distributed among
| his children. Alfred, Reginald, Ger
trude and Gladys.
At the death of Mrs Vanderbilt the
| property devised to her for life Is given
| to either Alfred G.. or Reginald c.,
as she may appoint by her will, and in
default of such appointment it goes to
/ the eldest of his sons then living, AL
| fred or Reginald, and If neither OF
! them be living at the time of her death
! then to Gertrude. if living, and if not
/ then to Gladys. In case neither of
said sons or daughters shall survive
his widow then this property is to be
/ divided among the then living children
of such sons and daughters, and if
there be no grandchildren then it be
comes part of the residuary estate.
Mrs. Vanderbilt gets his pew in
! Trinity church. Newport, X. l., and
also all his horses, vehicles harness,
equipments and stable furniture in his
stables at the time of his death, eX-
cept such as have been given during
his lifetime to his children. His box
at the Metropolitan Opera House is
also given to his widow.
The residence, land and property,
with all furniture. ETC., and contents
of the houses and stables at Newport
is given to Mrs. Vanderbilt for her
natural life, and upon her death to
such one of their children--Alfred
Reginald, Gertrude and Gladys-as she
may designate by her will and in de-
fault of such designation the same be-
comes part of the residuary estate.
The Oakland farm in South Ports
mouth, X. l.. with all buildings, fur
niture, equipment and live stock upon
it, is given to Alfred G. absolutely.
Mrs. Vanderbilt is to receive 81 ,00O,-
900 in securities. or. if she so elects
$2,000,000 in money.
A bequest to Mrs. Vanderbilt of the
annual income, or sum of $3.50 900,
arising from securities, to be set apart
for that purpose by his executors.
At the death of Mrs Vanderbilt the
principal set apart to create the in
come of $3.50, 600 is given to Gertrude
Alfred g., Reginald c. and Gladys, or,
If any of them be dead, to their issue
in such proportions as Mrs. Wander
bilt may direct in her will, and in de-
fault of such apportionment the same
to be equally divided.
Under a power of appointment as to
$4,000 900 held in trust under his faith
er's will he directs that $500, 900 thereof
be paid to his son Cornelius and the
balance thereof be equally divided
among his other children.
One million dollars is given to his
executors in trust to the use of his
son Cornelius. who is to receive the
net income during his life, and upon
his death the principal is to be di-
vided into as many shares as he leaves
children and held in trust for them
during the life of the youngest child
living at the time of the death of the
testator, the income meanwhile to be
applied to their maintenance and sup
port, and upon the death of such child
the principal to be paid over to the
respective beneficiaries. But in case
Cornelius should leave no children the
principal or any unpaid portion thereof
is to become part of his residuary es-
tate.
A trust fund of $2O,O00,0Q0 is also
created for the benefit of Gertrude, Al
fred, Reginald and Gladys, Cornelius
being ignored.
Bequests amounting to 81 500, 900 are
also provided for, as well as a number
of annuities. Among the beneficiaries
are: Yale college, 100000; William X
Vanderbilt, 100000; Senator c. NJ
Depew, 100000; New York Young
Mems Christian association, $1,000, 600;
his coachman, his barber and his far
mer, $4,000 each; all of the family ser
wants, 81 900 each.
Alice G. Vanderbilt, the widow, Is
appointed executrix, and Alfred c.
Vanderbilt, William X Vanderbilt
Chauncey Nj. Depew and Edward w
= Rossiter are appointed executors, to-
gether with Reginald, who may quail.
fy as soon as he becomes Of age