New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-06
CHURCH TO GET S5OO.OOO.
TO KEEP 1T DOWNTOWN.
s. l.. Russell Creates Trust Fund for
Duane ". T.. iSocietU.

10 there was no great outpourins OF religious
and charitable societies II his funeral yet he
left almost all his estate to keep downtown for
all time church Of whi-h he had been an active
member for many years. The estate Will be put
IN a trust fund TO be called the Duane Metho-
dist Episcopal Church Sustentation Fund.
though while his widow lives the income from
the fund is to go mainly for ner support.
At her death it is to he turned over TO the
Duane Methodist Episcopal Church. at Nos.
292 and 294 Hudson-st. for the maintenance OF
the church its present site in the section
where it Is. THIS fund will be adequate to
maintain the church. and in a way that VIII
permit it to do much greater good. it is thought.
than ever before.
The trost fund VIII amount TO about SJ00,0OO.
one OF the largest ever created for church in
this city. 1t is said that the sum yearly con-
tributed by n congregation OF 5000 Of a Cath
Ole church in 4 certain tenement house dis
trict is about $4,000 year. and this trust
fund. which IS TO be set aside from the estate
OF Mr.. Russell for the Duane Church. VIII
have a yearly income equivalent TO this sum
This comparison may give some idea OF tbs I'm
pOrtance Of the legacy.
SO retcent was Mr. Russell on tho subject
that few persons who were not witnesses TO bis
will. which was drawn about four years ago.
knew how we'll he was building for the future of
the Duane CnurCh. Inc VIII DQiCdLeSs
though the fact is not set forth IN words. that
his wife really partner to the building Of
this trust fund. for IN lieu of her dover rights
in the estate she Is to receive 5000 as soon as
possible after HIS death. and then the income
from the trust fund long she lives. except
for the rents from his real estate His realty
comprised No. 121 Washington Place. No. IS
Bedford-st. and No % Commerce-st He lived
and died at No. 121 Washington Place. and the
use Of this house his widow is to have free for
two years; then it IS to be rented and the rent
paid TO the Duane Church
The following IS said TO be the approximate
value Of the bonds. stocks and real estate which
Will form a part OF the trust fund:
seven hundred and twenty shares OF the Brooklyn
Forty shares Sf the ChathIni National Bank n SSS
Twentysx shares q the Galatin National Bank 1890
Fifteen shares OF the Importers and Tvaders' Ma
Ten bonds q the central Railroad SewJersey i2o0
Seven consols % the St Paul. Minneapolis and
SIX bonds Of the St Paul Minneapolis and Man
seven bonds Of the New-Yors. chicago and St
LOUIS hallroae ga -
tinted states Governments bonds = per 2OoOoa
Total s5O2os4
Mr. Russell also left sums Of about 5000 each
to several charitable organizations connected
with the Methodist Episcopal Church. His
widow. Giles Russell Dart and George W. Hoyt
are named as executors OF his will LemueI
skidmore. of No. SO wall-st.. is counsel for the
estate
The Rev r H. Travis is the pastor OF the
Duane Church. He lives at No. 30 Perry-st.
Little could he learned last night about the life
Of Mr. Russell Several acguafntances said all
they knew about him that at the time Of
his death he had been retired from business for
some years. and that for many years he was a
leading member Of the Duane Church.
He frequently had expressed his Gisapproy9f
Of the action Of many churches. for year
landmarks OF The downtown sections. in clOsir
their old places Of worship ard moving uptOwi
He believed that the Geld for the religious wCrs
or was becoming greater instead Of smaller Il
the downtown sections and that it was not fol-
lowing in the footsteps Of Christ to forsake thu
tenement house districts or the business districts
when there was any work . De done