The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1900-12-15
Late President Of Hudson
County National Bank
Left an Estate
Worth 100000.
BULK OF PROPERTY GOES TO SONS
Widow of Testator Not
Mentioned in Consequences
of Ante -Nuptial Ar
rangement.

The will of the late Gdr. Richard G
Washburn. formerly president Of the
HUDSON County National Bank. has been
offered for probate by Messrs. CowIea
and Carey, lawyers of this city. The
estate is estimated at $90o.0o0
Because of an ante-nuptiaI agreement
there is no mention of his widow in the
will. Before his last marriage Mr.. Wash
burn settled on his prospective wife q
sum of money amounting to about $4,000.
The executors named are his two sons.
Uriah F. Washburn and Louis 81. WASH
burn. The will was signed on Novem-
Der 8. 1883. After the customary pre-
lminary verbiage the will says
i have policies of insurance upon nv
life amounting to $500, and by the terms
Of such policies such sum will at my de-
cease be equally divided between my
sons Louis II. Washburn and Nell c.
Washburn. AS my son Uriah T. Wash
burn viii be entitled to no part of said
insurance money, 1 therefore give and
Dequeath to my said SON Uriah F. Wash
burn the sum of $500. and 1 direct that
this legacy shall have priority OF payment
over all other provisions of this my will
To Miss Louisa Bartram, sister Of Mr..
Washburn's second wife, the testator
leaves 500 per annum during the term of
her life.
The will then goes on to say
Il being the owner of one-third of the
capital stock of the corporation Wash
burn Brothers Company 1 do give and
bequeath one-half of said stock of said
company so owned by me to my said son
Uriah F. Washburn; the other half of my
said stock in said company give and be-
queath to my said son Louis H. wash
burn
Then follows a proviso that II either OF
his sons desire to sell the whole or any
part of the stock of the company such
son shall give the first opportunity or
privilege of purchasing said stock to his
brother" If that brother does not desire
to purchase the stock, the will directs
that the option should then be given to
the testator's brothers, John T. Wash
burn and George w. Washburn. each OF
whom owns one-third of the capital stock.
The executors are bequeathed 100 shares
capital stock of the Hudson County Ma
tional Bank. ito hold during the natural
life of my son Neil c. Washburn, in trust
for the following purposes, to wit:-
ITO collect and receive the dividends
arising therefrom and pay to my said son,
Neil c. Washburn, the sum of $500 each
and every year until he shall attain
the age Of 35 years and thereafter and
during the remainder of the natural life
of my said son, Neil C. Washburn, to pay
to him the whole of the dividends and in
come arising from said stock"
The will says that all dividends In ex-
cess of the $500 per year from the bank
stock shall be invested and when. Neil C.
Washburn attains S5 years 1t shall be
transferred to him with other profits and
income. At Neils death the 100 shares
shall go to his children.
The estimated income from these 100
shares is 1920 per annum.
All the remainder of the estate is be-
queathed to the two sons Uriah and Louis
in equal shares.
1t is expressly stated that If any of the
testator's children should contest the will
or take any proceedings to modify it or
declare it void, in that event the child
or children so doing shall lose and for
felt any provisions made for them in the
will and the share of that child so con-
testing shall go to the rest in equal pro-
portions.
Neither of the executors has to give
any bonds.