The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-20
Way BE OVER A MILLION.
.ur GIBBEs FORTUNE ESTIMATED
TO BE VERY LARGE ONE.

,- VI. and Charles A. Gibbes OF
savannah VIII Each Inherit a
rt,ird-Arc Nephews of James s.
cJ,bes. the Founder of the For
,e and First Cousins of James
cibbes of Charleston, Recently
ro.eused-s1Oo,O Left for Art
rur,oses, Besides Other Public
r...,ests in CharlestOn-Tlle
,,.ysrs. Gibbes Now in New York.
mo announcement that two young Sa-
..,,rs1isns are to come into large for
'.r. through the recent death of a rela-
1--WE in Charleston has aroused much in
.orost here. Messrs. Arthur NJ. and Charles
cfbbes are the young, men, and their
friends are as much Pleased as surprised
a.. their good fortune. They are now in
Nm. York. where they went from Charles
,,n after attending the funeral of their
r,,ffve Mr.. James Shoolbred Gibbes, and
,1lrs is no one in Savannah who is in
.,s,tion 10 give any idea as to the size
- ITO fortune which they have inherited.
,r5ot If is very large seems to be generally
admitted.
dispatch, published in yesterdays
Morning News, stated that The estate pos
sesss5 av the late Mr.. Gibbes was estimated
o,e9a0l0o THIS may be an overestiraate,
hn+ there seems TO be no doubt of the fact
char ,be fortune is a very large one. The
nfasers Gibbcs will inherit each one-thrd.
rbe other third is disposed of in various
baouests large amounts being left to pub
II. and charitable institutions. The larg-
-, beooest is that of 100000 to cerian
c,f;zers of Charleston, to be used in the
estqbIisbment of an art gallery, and a'so
II deemed deJrah,e a conservatory OIL
music. -.
Mr. James Shoolbred Gibbes, by whose
daafb me two Savannahians named come
into a large inheritance, was born In
charleston in 1873 He was the son or
lanes s Gibbes, an eminent merchant OF
old Charleston, and a member OF the fam
fv of Gibbes Of South Carolina, which has
produced many notable men since it was
founded by Robert Gibbes, who came to
Charleston from the Barbados in 1897.
Robert Gi6bes became chief justice and
Governor of Carolina under the govern
yent Of the Lords Proprietors and left
numerous descendants.
OF the late James Shoolbred Gibbes the
Charleston News and Courier says: HE
was man without any pretensions; mod
est and retiring; he did his duty as ciu-
zen and devoted himself to his planta-
ton, Roseland, in Florence county. He
was best known to his intimate friends,
who Owed him for his loyal nature, ana
4 his kindly disposition. He married Alex
ina Chestnut whose granduncle was Gen.
(and SENATOR James Chestnut, and whose
/ maternal great-grandfather was that john
4 Taylor who was one of South Caro.ina's
earliest senator's, and upon whose planta-
ton Columbia is built. She survives Mr..
Giobes They had no children"
The fortune which has been left by the
late Nr. G,bbes was accumulated by his
father James s. Gibbes, ST. When the
latter drew up his first will, in which
beQuast for art purposes in Charleston
was mentioned there was a grandson who
was expected to inherit most of the es-
tate, His DEATH however, left only the
son, who has recently died, without heirs
to inherit the property. One-third of the
fortune after the payment of the requests
mentioned, will go to the widow of the
deceased ana the other two-thirds to
Nessrs. Arthur NJ. and Charles A. Gibbes.
MT Joseph w. Barnwel, recording sec
4 rotary and treasurer of the Carolina Art
Association. is credited with the following
/ statement:
There was no direct bequest to the as
socaton under the will of Mr.. Gibbes. II
IS true that the late Mr. Gibbes was very
friendly TO the Art Association, and es-
peclaly TO Dr. C. E. Manigault, its presi-
cent ana before his death had offered on
| certain conditions to assist the association,
uu' the scheme fell through. He then
nad considerable cOnversat ton with DR..
Mdhigauit and the codici was the result.
MI GlD3os had great pride in the city
| VI Charleston, and was especially proud
'Hal ne mad accumulated his money here
a. Charleston merchant, and he
0eShed that his name should be
ooHected Tor ell time with one of the
sltdt public institutions OF the city. The
~ fesembled very much the famous
mar request made by Miss Telfair for
' ueheHt OF the citizens of Savannah
iHe FARMERS Loan and Trust Company
" new YORK was the trustee of the es-
% OIL FloDes, under directions in his
i1' ana the estate was ample to this
say ana the other legacies and to turn
~ large fortune TO the two sons of
C% orolher of Mr.. Glbbes, Mr.. Allen
Iii'ues' by his second wife. Miss Hart
usg' Mr. Barnwen was asked how soon
t1s Psacy would be available. He said
til'.u'ulately, for the viii had long since
IN proved and the trust companv. and
~ HeSumed all persons interested. would
CH9 qua" 10 carry out the wishes of Mr.
d ero,S, ana to see his splendid gift at once
20 the benefit of his native CITY
trY, ---S--ns-e