Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1900-10-04
WILL
CALIFORNIANS BELIEVE ESTATE
WAS OVEREsTIMATEO.
MAGNATE BIG BORROWER
Many Residents of Frisco Much Sur
prised that He Did Not Leave
Something to Their Public In
stitutions-MiIionai Had Phil.
osophy All His Own.

The contents Of the Huntington will
naturally created much comment in
San Francisco. It was fully expected
that Huntington would give something
in charity TO San Francisco, and his
failure TO do so has naturally created
some talk.
I an surprised that he did not give
something to charity said a business
e=- Tho is supposed to have known
the late Mr.. Huntington very we'll. i
always thought Huntington would be
liberal in that respect. l did not know
giving away money inGiscriminately
because, he argued, to give money to
men was a bad thing to do.
He also may have argued that it
were, perhaps, better to keep this for
tune intact so that the large enterprises
continued. He often used to observe
that it was better to establish a bus
mess which enabled ten families TO
live than to secure a name as a philan-
thropist"
The will has been the talk Of the
clubs and the general opinion was that
Huntington was consistent in death as
life. Since the will has been known
tongues which were silent as to the
merits or dement's Of the railway mag
nate have begun to talk more freely.
A neat saying of Judge Wallace is now
being quoted.
There was a select assemblage OF
bright and original minds in the rooms
Of the Pacific Union club, and Judge
Wallace was holding forth. The con-
versation turned upon the death OF
huntington. when Judge Wallace said
unctuously:
The Lord took him without notice;
if he had let him run on a little while
longer he would have out-traded him.
1t is significant To remark that the
witticism Of the learned jUrist was
received with hearty applause.
The will has also created another
sort Of surprise. The terms are SINCE
lar. To some it may seem ambiguous
but to others it is as clear as MONDAY
One fact seems to have been over
looked, and that is, the will was made
prior to the death of Charles Frederick
ecent great deals were made; so that
after all said and done, C. P. Hunting
ton might not have left so large a for
tune after all the requests were paid.
AS to the stock Of the Southern Paci
fic, no one can fix value upon it. c.
P. Huntington had great deal OF
stock.
1t is to be doubted whether it is
known that c. P. Huntington was {
great borrower and that he must have
had loaned to him large sums to ac-
Quire some of the stock. This would
necessarily put him considerably il
debt. The sum of $780, 600 has to be
put in cash to be paid after payments
of debt. The sum of $775, 900 goes e
relatives, $125,000 to charities, making
in requests 100000, and adding $780,
900, which is to be in the form of 9
trust, makes $2,65000
Then the will goes on to read thai
One-half Of the residue of the estate
goes to the widow, and to H. e. Hunt
ington one-haIf. Taking this estate as
follows: Newport News, S6,O0OOOO;
Pacific Mail, $2,OOO,O0O; Pacific In
provement company, $5,0O0,O0O, making
a total of 100000 Out of this sun
the trust of $1,75O,OOO has to be de
Quoted.
It would not surprise a great many
people if it were learned that c. P
Huntington was indebted 70 the South
ern Pacific company. A man who had
such large financial transactions was
necessarily a large borrower. and the
and the estate might not be nearly as
big as is pODularIY suDpOsed