The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-06-20
L. z. LETTERS LAST WILL
TIES UP ESTATE CLOSELY
Continued from First Page)

at $50 and $l45 per share respectively,
making tire total charge against each
of my said daughters 1900 600"
To Joseph Letter; II have made GER
tain advances. a part Of which have
been evidences by notes signed by my
said son. and part Of which have been
evidenced by entries on my books. The
said notes signed by my said son have
been by my direction Cancelled, and the
same are not TO be taken into account
in any way in the division Of my cs-
tate under this. my will And Will.
the portion Of said advances evidenced
by entries on my books, may amount to
over S2,0C0.OOO. yet it is my wish and
hereby direct that said advances made
by me to my said son shall be fixed at
s. OOO. 600
The effect Of this provision for inter
est on advances is manifestly TO make
all these advances yield the estate the
same regular return as though those
same sums had been invested by the
trustees. II has also the effect Of Civ
ing the heirs who have obtained the
lesser advances interest on the larger
advances made to the others during
Letters life time
Income for Lord Curzon.
On the death Of the surviving member
Of the immediate family the estate is
20 be divided per stirpes''-according
TO the groups Of descendants which
shall then be in existence-among the
testator's grandchildren. Careful pro-
vision is made, however. that none Of
the trust fund 10 the credit Of Lady
Curzon shall cease to yield an income
to her husband until his death. and
that In case Of the death OF Lady Cur
zon her husbands share in the income
from that trust shall never be less than
one-third.
About 1900 acres OF coal lands stu
ated in Franklin and Williamson coun-
ties, Ill, are made the subject of spe-
ciHl regulations. together with certain
shares Of the capital stock of the Uni
versal Fuel Company. This property is
| beQueathed in trust for the benefit Of
Joseph Letter. who shall manage and
control it. The receipts are TO be cred
tied by the trustees against the whole
value OF the property. and whenever
Joseph Letter shall have repaid the IS
/ tate in full the whole amount thus in
| vested the property is to become his in
( fee.
"Until Free From Debt"
/ Until this transfer of this property
| Josephs Letters income from the IS
4 tate is never TO be less than so. 900 q
/ year. except for the significant provisc
/ that, until my estate shall be free from
/ debts and incumbrances'' the income
} guaranteed in this manner is $4,000 Z
/ year. This is supposed TO be a safe
/ guard against any uitS based upon 10
/ seDh Letters disastrous WHEAT corner.
One other provision u the will which
, must surely arouse interest is that II
I enumerating the securities In which I'll,
estate is to be invested. Mr. Letter
( specifies freehold securities in thos
| States Of the United States of Americ.
| lying north Of the line Of the POtoma,
| and Ohio rivers. and north and east q
the Missouri River" and says also tina
the trustees shall at all times have es
! pecially in view the security Of the in
vestment rather than the rate OF inter
est to be derived therefrom."
Seymour Morris who il named one Q.
the American trustees, is to reCeiv,
/ 5000 salary, and Chauncey Keep o.
Chicago, is named as his successor