New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-26
LITTLE FOR TIFFANY SON.
JEwELLER SUGGESTED $1,000 A YEAR
FOR BURNETT Y.
CoDICIL CUTS OFF ISSUE OF PRESENT WIFE
OF THAT soN-FoRTUNE TO WIDOW
AMI T<IJTT DpEN


OF THAT soN-FoRTUNE TO WIDOW
AND CHILDREN.
The will of Charles L. Tiffany filed for
probate yesterday in the Surrogate's office. Mr.
Tiffany leaves to his widow. Harriet o. A Tiff
fanny. the house and lot No. 255 Madison-ave.
where he lived. with all the household furniture
silver plate, pictures, household ornaments fam
lily stores, horses carriages and personal chat
tells of every sort. except his gold watch. which
he bequeaths to his son. Louis c. Tiffany. To
his widow he also leaves 100000 and 100 shares
of the capital stock OF Tiffany & Co, of the par
value of $1,000 each. Annie o. Mitchell. his
daughter. receives 100000 and $50 shares OF the
capital stock OF Tiffany & Co., and Louis c. TIL
fanny is provided for in the same way.
Mr.. Tiffany gives to his executors in trust
S250000 and fifty shares OF the capital stock OF
Tiffany & Co. to invest. The income is to be
applied to the of the son. Burnett Y. Tiffany.
during his life. and the testator authorizes and
empowers the trustees Of the fund in their dis
erection. which shall not be in any manner in
terfered with or controlled by any court what
ever, from time to time to pay to his the
whole or any part of the principal as they may
from time to time deem fit. On the death OF
Burnett Y. the balance of the fund remaining
will go to Burnett's issue; should he leave no
issue. to the tesators son, Louis C. Tiffany. and
his daughter. Annie o. Mitchell. The executors
receive $250000 and fifty shares Of the stock of
the company in trust to pay the income to the
daughter Louise H. on the same conditions
Charles L. Tiffany, son of Louis C. Tiffany.
gets 100000 and each OF the other grandchh-
dren $4,000.
Mr.. Tiffany says he has heretofore given to his
sister, Harriet A. Trembly. bonds and securities
of the value OF upward OF 100000. and in addi-
ton he bequeaths her $4,000. Should she not
be living at the time of the death of the tes-
tator. he leaves $4,000 to his daughter. Mrs.
Amanda Hager. The children of the late Ma
than B. Morse. jr.. get $500 each.
All the legacies left by Mr. Tiffany are to bear
interest at the rate of per cent until paid. The
testator cancels all debts owing to him by Ma
than B. Morse. jr. and James L. Durham.
RESIDUE TO THE CHILDREN
A sum Of S150OOO is directed to be held in
trust by his executors. and the income paid to
his widow for life. On her death the principal
is to be divided between MS son. Louis c.. and
his daughter, Annie o.. or their issue. Three
eighths OF the residue OF his estate he leaves to
Louis c.. and the same amount to Annie o.
One-eighth of the residue is left in trust for
Louise H, and one-eighth for Burnett Y. His
widow is to have the of his country seat at
Irvngton as long as It remains unsold free of
rent
The executors are to have the right to parti-
ton the estate and to invest 1T In United States
bonds New-York State and city bonds and ap-
proved railroad securities They also to sell
his house and lots at Seventy-second-st. and
Madison-ave within three years after his death
He appoints his widow, his son. Louis c. Tiff
fanny; his son-in-law. Alfred Mitchell. and his
friends Charles T. Cook and Charles E. Miller,
exeCutriX and executors of his will, which is
dated June 80 1886 and IS witnessed by John
E. Develn and James Alexander Briggs.
PROVISIONS OF CoDICIL.
BY codicIl executed on March Z. 1887. Mr..
Tiffany mobiles the provision for his son. Bur
nett Y. The codicil says:
Whereas. Ny observation Of the character Of my
SON Burnett Y. eonvinces me that IT may be
income exceeding what is actually necessary his
own benefit that my executors should from time
to time decide whether, in their opinion his life
income as the case may be. therefore do
modify the fifth clause OF my WILL
The fifth clause is changed so as TO authorize
his executors hold in trust the S250.000 and
fifty shares OF stock in the Tiffany company. 20
apply such part OF the income they may deem
fit to the use Of Burnett Y. and to apply the bal
ance of the income during his life TO the use OF
Louis c. and Annie o. On the death of Bur
nett Y. the principal is TO go to the issue
of Burnett Y. "other than his issue by his
present wife. If any then live" Should Burnett
Y. leave no issue, the fund is to be divided be-
tween Louis c. Tiffany and Annie o. Mitchell or
their issue.
And in my opinion adds the testator
(which. however. is not to control the discretion
of my executors. unless radical change shall
take place in his life and habits the sum of
$4,000 per annum, payable in monthly install
ments will be an ample amount for his proper
support and maintenance"
The clause of the will leaving one-eighth of
the residue in trust for Burnett Y. is also modi-
fled by similar conditions.
STILL DEVISNG FOR BRIDGE RELIEF