Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-10-27
THE VANDERBILT WILL
Son Alfred @. Receives Most of
the Estate.
BECOMES HEAD OF THE FAMILY
Cornelius, Jr., Gets $1,5oo,ooo,
Part Of It in Trust.
ALFRED SHARES WITH HIM

| The provisions of the will of the late Cor
| nelius Vanderbilt were made public in
New York last night in a statement by
| Chauncy M Depew.
! Alfred Gwynne Vanderbilt inherits the
| larger portion of his fathers fortune, and
| becomes practically the head of the Van
| derbilt family. The will makes no mention
| Of the marriage Of Cornelius Vanderbilt
| 5r., to Miss Wilson, nor to any quarrel be-
| tween father and son because of the union,
| but apparently the fathers displeasure was
| visited upon the eldest son, he receiving,
| all told, under the terms of the will but
| 81 10000 and 81, 100000 of this is held in
| trust by the executors Alfred Gwynne
| Vanderbilt is. of course, the residuary lega-
| tee, and will possess fortune of probably
| forty or fifty million dollars. Gladys, Reg
inald and Gertrude (Mrs. Harry Payne
! Whitney, will receive about 81 500, 600 each.
! But Mr.. Depew states that Alfred will give
| from his share enough to Cornelius to
| make the latter rich his brother and
sisters. Alfred will therefore turn over
| to Cornelius about 100000. The state
| ment reads:
The Provisions in Detail.
! The will of Cornelius Vanderbilt is dated
June 10, 1896. and the two codicils thereto
| are dated, respectively, April "a, 1897. and
| April 4. 1899. His property is disposed of
under these instruments, as follows:
| bequest to Mrs. Vanderbilt his
| widow, for her life, of the dwelling house
and premises on 9th avenue, between 9th
| and 5Sth streets. Also the stable in East
3Sth street; also all the household furni-
ture, 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 dispose of them during
her lifetime.
From his bequest is excepted however,
ancestral portraits and busts and portraits
of himself and certain pieces of jewelry,
which are distributed among the children.
Alfred G., Reginald c., Gertrude 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, Alfred or Reginald, and
II 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 such
grandchildren. then it becomes part of the
reSfduary estate.
Other Requests to the Widow.
bequest is given to his widow Of his pew
in Trinity Church, Newport, r. l.. and also
all his horses, vehicles, harness, equip
ments and stable furniture in his stables at
the time of his death, excepting such as
have been given during his lifetime to his
children. also his box at the Metropolitan
Opera House.
The residence, land and property. with
all furniture, &c, and contents of the
houses and stables at Newport, r. /, are
given to Mrs. Vanderbilt for her natural
life, and upon her death to such of
their children. Alfred, Reginald, Gertrude
and Gladys she may designate by her
will, and in default of such designation the
same becomes part of the residuary estate.
The Oakland farm in South Portsmouth, |
r. l.. with all buildings, furniture, equip
ment, life stock upon it, is given to Alfred
G. absolutely.
A bequest to Mrs Vanderbilt of s2Ooo0oO
in securities, or if she elects, s2,009,000 in
money.
A bequest to Mrs. Vanderbilt of the an
nual income or sum of $250,tssD dollars arts
ing from securities to be set apart for that
purpose by his executors.
At the death of Mrs. Vanderbilt the prin-
cipal set apart to create the income of
$4,000 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. Vanderbilt may direct in her will |
and in default of such apportionment, the |
same to be divided equally.
s1,50O,OOO for Cornelius
Under power of appointment as to s.
100000 held in trust under his fathers will |
he directs that $500 600 thereof be paid to |
his son Cornelius. and the balance thereof |
be equally divided among his other chill
dren.
One million dollars is given to his execu-
tors in trust to the use of his son Corne-
Illus, who is to receive the net income dur
Ing his life, and upon his death the princi- |
pal is to be divided into as many shares as
hG 1..ay- n1i
them during the life of the youngest child |
living at the time of the death of the tes-
tator. the income meanwhile to be applied |
to their maintenance and support and upon
the death of such child the principal to be |
paid over to the respective beneticiaries |
But in case Cornelius should leave no chill
dren surviving him, or if any child sur
viving him should die before receiving his |
share, then the principal or any unpaid |
portion thereof is to become part of his re- |
siduary estate. No payment of such funds |
Is to be made in anticipation Of income or |
alienated during the lifetime of the person |
entitled to the income.
Twenty million dollars In securities IS 70 |
be set apart by his executors to be divided |
by them into four equal parts and held in |
trust. one part each for the use of his chill
dren, Gertrude Alfred. Reginald and |
GLADYS, the income thereof to be paid to |
each for life and upon the death of the |
penehclary the principal of his or her share |
to be paid to the issue of such beneficiary
in such proportions may be appointed by
the Will. and in default of such appoint |
m ag IN equal shares to such issue. and, !
railing issue. then the principal of such !
share is to be paid to the survivors of the |
above-named or their issue
Specific requests are mada as follows; |
William K. Vanderbilt, $780, 900: Chauncey
NJ. Depew, 100000; Edward V. w. Rossi- |
ter $4,000: John Hone, $4,000 Rev Dr. |
David II. Greer. $4,000: Charles c. Clarke |
$4,000; Franklin Allen, SO. 900: Maude
Gwynne Shepard. So, 900; John Rutgers Lee
roy. $4,000; Charles F. Cox, $4,000: Edgar |
I. Chapman. son of Rev. E. T. Chapman !
of Watervliet, N. Y, $4,000: George r. |
Fearing, $4,000; Rev. DR.. William s. Lang |
ford. $4,000; George A. Warhurton, s1o,N1; |
Robert r. McBurney dead. $4,000 j. R. |
Hatmaker, $4,000. Also the following an