New-York tribune., 1900-08-25

SAID; But. Mt Huntington suppose you snoqiSd rS
SI, e Huntington. No better boy VS ever lived he
thing or two about railroads I'll trust him"
The Will places some restrictions upon the
manipulation of the stock. The clause devoted
to the disposition Of the stock reads as follows:
viii and direct that all shares of , the capita!
ehs 81 10 5he me- az e tine of my Death shalt SUBJ
5ect 70 the terms and conditions hereinafter , eN-
viz: In case my wife Arabella D. Huntington. shall
part OF ali such shares. and the remaining one
third part thereof to my nephew, Henry Edwards
TO his son Howard Huntington; In case my wife
then give and bequeath one-half part of all such
shares to my son Archer Milton Huntington or. In
OF the said Archer Milton Huntington living At the
stripes but not per capita. and the remaining one
half part thereof 10 my nephew Henr: Edwards
TO his son Howard Huntington In case neither the
ard Huntington shall survive me, then give and
6equeath all shares Of the capital stock OF the
time OF my death to my wife, Arabella D. Hunting
s1Te SmS me- tRe 10 INV SON Archer Milton Hunt
ington but if neither the SAID Arabella y Hunting
Archer Milton Huntington living at the time of my
death in equal parts or shares per stripes but not
The foregoing bequests of capital stock OF the
Southern Pacific Company made upon and sub
o6s to he if TIC v n casf he sad HnrT Ed
wards Huntington and either the said Arabella D.
survive me. the shares so bequeathed to said Henry
Huntington or Archer Milton Huntington shall not
shall any part thereof. be sold or disposed OF
may saVe so 6eoome OF entitled to to receive the
except with the consent of both such legatees or
/ would suggest TO the said Henry Edwards
Milton Huntington that sales of such portions of
said stock as they may receive under the foregolng
pro rata. or substantially pro rata, with shares Of
associates,
Leland Stanford and Charles CrockeT; but this sug-
gestion is not 70 be in any wise legally or equitaby
operative or binding upon my egatees OF to restrict
IN any wise their tree action IN dealing with sueh
eating the mode and manner in which should
had lived and in which Should prefer that such
sales be made after DEATH but, Notwithstanding
70 be at liberty to deal with the same according to
conditions and limitations hereinbefore expressly
prescribed IN respect to sale or disposition thereof
vivor Of them.
Russell Sage said yesterday that he thought
Mr.. Huntington had acted wisely in providing
that HIS Southern Pacific stock be kept intact.
Had he devised his holdings differently. Mr..
Sage said. small dealers on the stock market
would have gambled with it and hurt its market
value.
MR.. TwEED's STATEMENT.
When Charles II. Tweed. general counsel OF
the Southern Pacific Company and the legal
day. he said:
The will speaks for itself In the seven
teenth article Mrs. Huntington is authorized to
Join with Charles F. Crocker and stillman &
Hubbard in executing or indorsing commercial
paper. This power terminated with the death
OF Mr.. Crocker and the dissolution Of the firm
Of Stilman & Hubbard.
II was said at the Southern Pacific Company's
Offices that the next meeting OF the directors
would be on the first Thursday Of September.
James Speyer. of the banking firm of speyer
6. Co. financial agents Of the system, is in !
Europe as is also General Hubbard one Of the |
prominent stockholders. 1t said yesterday |
that nothing would be done about choosing a !
successor to Mr. Huntington until both Of these |
men had returned. 1frube +,
Besides his holdings IN fhe Southern Pacific |
Railway Company, MI Huntington was heavily |
interested in the Newport News Shipbuilding I
Works. and he owned considerable real estate in
this city and in San Francisco. besides large
camp in the Adirondacks. The residue of the
estate after the payment of all the legacies and
charges. is to be divided between the widow and
Henry Edwards Huntington. |
DISPOSITION OF HIS PICTURES.
That part Of the will which is of peculiar in
terest TO the citizens Of New-York is the clause
which disposes of Mr.. Huntingtons fine collec-
tion of paintings Here it is in full:
I give and bequeath all pictures belonging TO
NE al the time Of my death to my wife, Arabella
r ea o4 u6on 6 nS m ea dPs + eF hod @ dna
Yer; TO my SON Archer Milton Huntington. for and
Archer Milton Huntington, If he should survive
The death Of my wife, Arabeiia D. Huntington. il
she should survive me and should also survive the
said Archer Milton Huntington. or upon my death
II should survive the said Arabella D. Huntington
Metropolitan Museum of Art of the City of New
1 viii and direct that neither the said Arabella
D Huntington nor the said Archer Milton Hunting
ton shall be required to give any bonds or security
during her or his lifetime. of the pictures above
them shall be- freely to PSa possess Sn 9se esSh and ID
enjoy the same during her or his lifetime without
theFeeof any O0noS or security therefor or In respect
All efforts were unavailing yesterday to get
the executors Of the family to furnish for pub
hcation a list Of the pictures which Mr. Hunt
ington left The collection is known to be rich
in examples OF both the old and the modern
masters Of several schools. Mr.. Huntington, il
is said, bought only such works as pleased his
eye and his taste, but did not haggle over prices
when he saw what he wanted; and while his
coIlection is said to contain not a few pictures
OF small value from art critics point of view,
yet there are many OF the highest grade, which
eventually will be numbered among the choicest
treasures of the Metropolitan Museum of Art.
THE BEQUEsT TO THE PRINCESS.
Mr.. Huntington was evidently determined
that the husband Of the Princess Hatzfeldt
should not benefit to any undue extent by the
death Of her adaptive father-in-law. The
clause Of the will which sets aside s1.OO0OOO
Tor the use Of the Princess reads as follows:
,b1zssS sass ny GIasughter Clara Elizabeth Princess
70 said Union TrSst cem@penT @ gye of 21d 9b
sum Of 100000; or If my executors or such of
them as may qualify should so determine rail-