New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-25

1 trust, my executor and trustee shall be fully
released and discharged with respect to all such
trust funds, money and securities embraced IN
! The trust funds SO transferred. ] nominate and
/ appoint my son Harry Payne the guardian Of
/ me person and estate Of my daughter Dorothy
! curing her minority. and direct that the share
/ OF The income o. my estate Of " HIGH my said
daughter shall during the existence Of the trust
heIeinDeIore created be entitled. be paid 70 her
sac guardian, who shall invest the same for her
beheht during her minority. and pay over the
accommodations 10 her upon her attaining the
eee OF t"ellty-uane years; and In the event OF
lie utceaAe OF my SAID son nominate ana aP-
point my son Payne guardian in his stead.
IeHth-Ao inventory list OF accounting shall
De required OF my executor in respect OF my
estate, and he is fully released from filing such
inventory list or accounting. shall any bond
be required i'm any State 10 qualify my executor
70 act as executor. trustee or guardian
Eleventh. specifically authorize my executor,
whether acting as such or as trustee. 10 sell and
convey al public or private sale, or TO mortgage
at such time and upon such. terms as he may
deem advisable. and 20 improve any and all Of
my property real or personal and ] empower
MN 10 invest and relnVest the proceeds IN nay
property, real or personal, which he may deem
wise, including such stocks, bonds or other
securities OF such company as ne may lhlhh
proper, hereby yeSting my executor and trustee.
whether such executor be one OF my said
Morton Trust Company. with all the power with
respect 10 investment and reinvestment Of my
estate, and the proceeds thereof. which I might
personally exercise If living, specifically intend
ing and directing that such executor and trus-
tee shall not be restricted from continuing any
Of my investments in their present form or from
may deem wise, and that he or II shau not be
obliged TO invest the same might be other
wise prescribed by law, and expressly author
izing my executor and trustee to borrow money
in his fits discretion TO carry out this intent
/ hereby expressly declare that my executor
whether acting az such or as trustee. shall have
fun power TO settle and determine all questions
which may arise 10 my estate and that none
Of my executors or trustees shall bee held liable
for any loss resulting 20 my estate from any inn
provement invest or reinvestment made or re
tanned by them in good faith
Twelfth direct my executor TO pay out OF
my estate any and every inheritance transfer
or LEGACY tax which shall be charEeable upon or
under any gifts, deyises or requests made by ne
in this my VIII toy reason OF such gltts' ueNlSes
or legacies or any law Of the State Of New
York the United States or OF any State therein
and that such tax shall not be charged against
such Eift. legaCies or devise.
In witness thereof have TO this my last viii
and testament. consisting Of seven typewriter
pages. or thereabouts set my hand and seal In
the city OF New York this nineteenth day Of No
vember. IN the year one thousand nineteen hun
dred and two. WILLIAM c. WHITNEY.
Subscribed. sealed. published and declared by
the said testator. William G. Whitney. TO be his
last viii and testament in the presence Of Us
and each OF US who at his request and In his
presence. and in the presence Of each other
have hereupon signed our names as witnesses
this clause having been first read 10 US and we
having noted and hereby certifying that the
matters herein stated took place in fact and In
the order herein stated
Residence No. "a Fifth-ave.. New-York City.
THOMAS !. REGAIN,
Residence, No. los East Eighty-siXth-st, New
WILLIAM H PAGE. r..
Residence. No. ~ West Seveuty-fourth-st.. New
York City.
Considerable interest was aroused in the city
yesterday when the filing OF the win became
known. as 10 the disposition not only Of Mr.
Whitney's various estates in Sheepshead Bay
and Westbury. Long Island; Aiken, $. C; the
Adirondacks and the Berkshire Hills, but OF his
horses and his art collection. According to a
statement made 20 a Tribune reporter by Bron-
sen winthrop. Of Elihu Roots Office. who &C
companied 8Ir. Whitney 10 Mneola- while
none Of these items are specified, all en-
braced IN the 'residuary estate mentioned n
the viii
INTEREST ~ THE RACING STABLE.
Speculation is stin rife in racing circles as 20
the disposition Of Mr.. whitney's horses. Among
those IN a position 20 know considerable differ
ence OF opinion stim exists as TO what course
VIII now be followed II appears 10 be generally
agreed, however. that Harry Payne Whitney
VIII not race, for the present. at least
While AIr Whitney himself declines to make
| any statement one way the other. intimate
friends Of the family declare that Il IS entirely
probable that the matter has not yet received
| final consideration.