The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-28

Had Thought He Had smoothed Over
Differences With His Father, ana
Would at Least Share Equally
With His Brother AlRred-WiII
Retire From the Vanderbilt Road
and Family Councils Forever.
derbilt, at his home at 60S Fifth avenue
at 11:20 tonight, made this important
statement:
1.-THE agreement by which I received
s6, 100000 from my brother from the es-
tate has been made to appear as If 1t
were gift. 1t Is no gift, but a compact
entered into before my fathers death.
BY this compact I was to receive at
least $10,oOo,ooO. This adjustment was
made some time before the end. Ny
share should be no less than $1O,0 ,000"
when was the agreement made?" he
was asked.
"I can only say that it was some time
prior to my fathers death" was the re-
ply. '"rhe matter since then has been
in the hands of my lawyers. They have
absolute charge of my interests"
Mr.. Vanderbilt was asked If there would
be an amicable settlement of the estate
by the transfer of the $6,000000 to him.
To this he replied:
you must excuse me- My affairs
are In the hands Of my lawyers"
FILED FOR PROBATE.
The will of the late Cornelius vander-
bilt was filed for probate this aft
ernoon. The provisions of the Will are
substantially the same as mentioned in
the synopsis given out Thursday by
Chauncey M. Depew,
The clause relating to Cornelius Vapder-
bilt Jr. contains no direct reference to
the alleged troubles said to have oc-
CURED between the young man and his
father. The facts as given out pre-
viously by Senator Depew relating to this
clause of the will are substantiated in the
will. Nothing is mentioned concerning
his name, further than necessary to
make the bequests Of the one and one-
half millions.
In the thirteenth clause of the will
bequest is made to the mother of the
deceased, which reads:
ITO my mother, as mark of affection,
bequeath 100000; also 100000 to my
brother, W. K Vanderbilt
In the twelfth clause, wherein the
trustees of the several trust funds are
directed to invest the proceeds arising
from certain securities the will desig-
mates what securities are to be managed,
They consist of United States and state
Of New York bonds, mortgage bonds of
the New York Central & Hudson River
railway the Lake Shore & Michigan
Southern railway, the New York & Har-
lem Railway company, and the Chicago
& Northwestern Railway company.
The will gives the added information
that the executors are directed to pay
annually to the secretary of St. Johnland
the sum of $1,000 so long as the officials
Of that society keep an agreement made
in 1892 with the deceased and Mrs. Van
derbilt. When the agreement shall be
broken the annuity ceases.
There were no further differences to be
seen between the will and the synopsis
given out on Thursday evening.
CONTEST AVERTED.
The provisions of the will. which were
made public today, excited intense IN
terest. From certain remarks it ap-
pears that this settlement alone, effected
after long discussion, prevented long
contest that might have resulted in one
of the greatest and cOstliest will itiga-
tions ever known. Cornelius Wander
bilt, when he learned the provisions of
his fathers will, placed his interests in
the hands of his counsel, Garter & Led
yard. They conducted negotiations with
Henry B. Anderson, attorney of Alfred
Gwynne Vanderbilt While none OK
those interested will say just what has
been done. enough has been learned that
if the settlement mentioned had failed
litigation would have followed. The con-
ference occurred at the Grand Central
station yesterday. Alfred was at New
port. When Cornelius was seen he dis
missed the subject briefly, saying:
Whatever arrangements have been
made We're effected through my attor-
neys, Carter & Ledyard. I have no
comment to make on the settlement. 1t
was family arrangement, not gift"
CORNELIUS DISTURBED.
It was learned from a reliable source
today that Cornelius Vanderbilt Jr. is
much dissatisfied by his fathers will
and the attitude in which he is placed by
his brothers handsome concession, and
that he will withdraw from any further
participation in the affairs Of the Wander
bilt property.
Cornelius Vanderbilt Jr is described
by those WHO know him intimately as q
reticent young man. He took his dis
agreement with his father much to heart
and after his marriage tried in every way
to overcome the difficulty. He entered the
office of the superintendent of motive
power Of the New York Central, and went
to work to prove his merit. He worked
early and late. He never asked more
than any other employe. He did every
thing to prove to his father his serious
intention. He never complained, and
never allowed an opportunity to pass
without trying to secure a re-establish-
ment of the former cordial relations be-
tween himself and father. II is said
farther that he hoped and believed that
he had succeeded in gaining his fathers
favor.
FATHER AND SON CORDIAL.
The two men did not discuss the sub
ject, but for hours father and son talked
cordially at the Breakers, in Newport,
and also in this city. The young son Of
Breakers, and Mr.. Vanderbilt manifested
a keen enjoyment in seeing his grandson,
1t is said in the light of these talks, and
the fondness displayed by his father for
the baby, Cornelius believed that he had
regained his fathers favor, and would
share at least equally with Alfred, should
he not be the chief heir. When he learned
the provisions of the will he was much
disconnected and troubled. 1t was sad
Yesterday that he would soon retire from
the place in the New York Central Office,
and that he would never attempt to have
a voice, either in the family councils or In
the management Of the enormous Fan-
derbilt properties. His plan, 1t was add
ed is to go into the banking business aa