New-York tribune., 1901-08-13
A WALL-ST. WOMAN'S WILL
DRAWN BY HERSELF-IT MAKES MANY
EDUCATIONAL BEQUESTS-CON-
TESTS EXPECTED

BY the will of Mrs. Louise Frisbie long a
familiar figure in Wall Street. who died on July
!. provisional bequests are made to Smith. Vas
sar and Wellesley colleges. amounting originally
10 $4,000, but which, owing to the lapsiug of
several legacies by death and the possible fail
ure 10 fulfil conditions the part of other
legatees. may amount to a much larger sum
when the estate is settled. The WILL which will
be offered to-day for probate by Phelps & East
attorneys for the executor. stephen H. Thayer.
OF No. Exchange Court. written twenty
years ago. Mr.. Phelps yesterday said: This
interesting will is a holograph every word of its
seventeen pages being in the handwriting OF the
testatrx. With the exception of the signatures of
tfs witnesses. II would appear that Mrs. Fris-
bic wished no one 70 know it's contents and
hence wrote every word herself. Evidently she
hrst careful 10 ascertain the legal require
ments OF such a document. for every step the
law requires was properly taken. Mrs Frisbie
a woman OF Unusual and interesting per
sonallty. and OF much more than ordinary in
tellectual gifts. A native of Connecticut, in
her young womanhood she taught school, in the
South. She invested her money with great pru-
dence. upon the conservative advice of her
bankers. Jacob Stout and stephen II. Thayer
and her lifelong and trusted adviser. Henry
H. Boody. who is one Of her principal benedict
aries. Her early interest in educational matters
survived. will be in the provisions OF
the will in favor OF Smith. Vassar and Wellesley
colleges.
A bequest Of S6. 500 is made IN trust to Rob
bins Battell broker in Wall Street. for l.. H.
Holmes son of Everett c. Holmes OF West Win
sted, Conn. Il have always called the boy
'Luly' or Lewis" the writer says. and I have
told him that l should give him something only
on condition of a change of name. This is the
condition. That he shall wholly give up and
relinquish his present name and shall take the
name of Louis David Frisbie. to be made law
fully his by the action of the legislature the
courts. as the law may require. and with the
understanding that he is TO retain it all his life
David Fribie the name of his great grand
father, and also of his great-uncle. and l desire
TO have the name perpetuated. l wish to
have perpetuated the integrity and the generous
temper and the strong intellectual character Of
the man who bore 1t and whose virtues l hope
he will emulate"
Should L. II. Holmes fail TO comply with this
condition. the sum named. less $1,000 to be
divided between the brother and sister of l.. H.
Holmes. is TO be paid to the trustees of Vassar
College for the general purposes OF that coll
lege. In the event of the death of l.. II. Holmes
occurring before that of the testator, the trus
tees of Vassar College to receive $4,000 to
found a free scholarship in that college. TO be
called the Connecticut Scholarship, the benefits
of which are to be applied in the same manner
and with the same conditions stated in
similarly named scholarship IN wellesley COL
lege The conditions of the first of Mrs. Frisbies
gifts to Wellesley are that on the death OF II. II.
Boody $1,000 is 10 go TO the trustees OF Wei
lesley College to found a free scholarship. to be
called the Connecticut Scholarship. the money
to be invested by the college trustees and the
interest TO be applied to the education of some
deserving young woman until she shall have
completed her course in that college. and then
to others. in succession native or long resi-
dent of Connecticut is to be preferred and al
Wavs a native American Of the Northern States
Is TO be the beneficiary.
Tbera is also added a second gift to Wellesley.
amounting to $1,000. to endow or to aid in en-
dowing professorship of political economy and
political and social science. having for its OBJ
ject instruction in all that belongs to material
interests If the trustees of Wellesley College do
not within year provide for the creation OF
such a professorship then, unless they have
given satisfactory assurance or sucn provision
to Mrs Frisbies executors, all the residuary
estate not otherwise provided for. and In any
case all that remains undevsed including the
S17 600 to Wellesley is to be equally divided
between the trustees of Vassar College and the
trustees of Smith College for the general pur-
For MANY wears Mrs Frisbie made her home
at the Ashland House, and though a most sue
cessful and shrewd operator in Wall Street,
lived simply, though not penurously. The VIII
left by her provides against the possible claims
of heirs-at-law. of whom there are many, but
owing to the time that has elapsed since the VIII
was drawn a contest is not unlikely the part
of those whose names have been omitted from
the list of legatees.
ument is the paragraph that provides for the
burial of Mrs. Frisbie. II direct tt reads, 'that
my executors cause to be purchased at cost OF
not than 500 plain marble headstone,
thick and low inscribed with my name and the
date of my death. to mark my grave,
Jacob Stout named with Mr. Thayer as
executor and trustee, has filed a renunciation
of his appointment, on the ground that the con-
dition of his health is such that he does not
wish to undertake the responsibilities the trust
would entail Stephen H. Thayer, the remain
ing trustee, will act as sole executor