The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-02
GARRET A. H0BART'S WILL.
HIS WIDOW THE PRINCIPAL HKIR
TO MS LARGE ESTATE.

In Lieu of Dover. She IL to Have 81 ,000, 900
and She Is to Receive the Income of the
Residue-uer Son to Inherit After Her
Beauesta to Relatives and Charities.
PATERSON. N j.. Dec 1.-The will OF Carrot
A. Hobart was read at his homo. Carroll Hail."
this morning and afterward proved before
Surrogate Charles NJ King and offered for
probate IL was made on July ~. 1897, and
there Ia an important codcil which has the
date OF March o. 1899. The codicil adds greatly
to most OF the requests and makes new ones.
Indicating that the property of the tes-
tator had increased greatly In value and that
the altered condition OF affairs demanded a
reconsideration OF the disposition OF the estate.
The will gives little idea OF the value OF the
estate beyond indicating that its aggregate
will be greater than two million dollars. That
II is much greater than that amount is gcner-
ally believed by those familiar with the invest
ments made by tho late Vice President
In lieu OF oil dover. Mr.. Hobart beaueaths
10 his wife. Jennie r. Hobart. the sum OF $780,
900. to which the codicll adds $500. 900. making
total OF 81 .0O0.OOO. She also receives all OF
the household property and the sum OF &c.
600 with which to remember those among
my friends. relatives and employees who de-
serve aid and whom II would have been my
pleasure in my lifetime to help" David X.
Hobart. brother OF the testator. has a beaucst
OF 500. 900 and IL also forgiven and discharged
from all indebtedness to the testator." The
sum OF $40 900 Is wied TO tho son OF David II.
Hobart and like amount to his daughter.
Tho charitable bcquests are $1,000 each to
the Paterson General Hospital. the Old Ladies'
Home. st. Joseph's Hospital. the Paterson Or
phnn Asylum and the Children's Day Nursery.
all Paterson institutions to which Mr. Hobart
was liberal contributor during his lifetime.
The codci adds $4,000 TO each OF these be-
quests. There are no other special bequests In
the original will. but the codicil gives s2O.OO0
to Hobart futile. brother-in law Of Mr. Hobart.
and so. 900 to Albert A. Wilcox. his law part
ncr.
The residue OF the estate IL loft TO Mrs. Ho-
bart, Edward r. Bell. Albert A.. Wilcox and
William barbour as trustees the income to be
paid to Mrs. Hobart and TO be used for her
maintenance and that Of her son. In case OF
are to paid TO the SON. but not before he Is 80
years old IL IL provided. however that the
executors may make advance payments for
the boys benefit at their discretion. Upon tho
death Of either Mrs. Hobart or her son the u
come and tho whole estate are to 20 to the
survivor
The executors are empowered not only to
perform the duties ordinarily devolying upon
executors. but also to take any rises with thu
securities which they think advisable but
under the law governing such cases. 1t would
seem from tn that large part OF tho estate
consists OF stocks whose values my change and
that Mr.. Hobart, having absolute confidence In
the friends to whom he Is entrusting the estate.
desired TO give them a perfectly free hand;
Tho liberty thus given is, however. restricted
to the securities which the estate at present
possesses. and the permission to take risks
not ordinarily permissible TO executors Is not
tors. The executors have power to sell the
real estate and invest the proceeds.