Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-09-05

L. rise,
And what of JOY is yours will come to
~Jessie C. Glasier in Christian Standard
THE MAKING OF WILLS.
1t has been the experience of every
old lawyer that men generally are wont
lite subject of representation The
hale and hearty man always thinks
that death is the remotest possibility
in the events of his career and the
sickly man can never be brought to
admit by the making of his will that
his end is near. The persistency OF
the life insurance agent overcomes this
weakness in human nature to the ex-
tent of inducing most men to provide
Tor insurance, but the lawyer who
draws the will has only small fee
Nat stake, and besides, his professional
etiquette prevents his soliciting BUSH
ness. The benef1ciaries of course, are
barred from mentioning the subject.
Hence it is that so many men, who
have always been very cautious in
their business methods, die with no
provision for the disposition of their
property other than that provided by
statute.
But stranger still these same lawyers
will tell you that not only are men slow
to make their wills until death actually
1 i,, tba 1,,1t hot tlnyr
most generally exhibit unexpected
weakness when they do come to die
tate the provisions of codicil. Mil
lions in property are so often left to
N,the management of inexperienced Wo-
men or incompetent sons that the
world has recognized the custom in the
old saw that TT is only three genera
tions from shirt sleeves to shirt
sleeves Men who are the snrewdest
and the most cautions in their bust
ness fall down woefully in the dispo-
eition of their estates.
Few men care to be advised in the
making of their wills but it is the priv
ilege of a newspaper to butt I'M wher-
ever it chooses. In the first place the
world today denies the right of rich
man to die without having contributed
something to philanthropy. Had that
man lived his life lone Robinson Cru
soc on a forsaken island he would
never have had any great wealth. The
public assisted him in the making of
his fortune and the public has just
claim upon the estate. Carnegie has
recognized this in his text that it is
disgrace to die rich. Lawmakers
have accepted it in their statutes for
an Inheritance tax.
Aside from the claim the public has
upon the accumulations of every sue
cessful man it is his duty to provide
for the economical management of his
property so far as it possible. If the
beneficiaries are widows or daughters
it is only burden to them to be left
with large property for them to man
age. The far-seeing, cautious man will
provide for permanent trusteeshlp.
@kesIate Pillsbury, when he first found
himself worth several millions invest
ed one million in annuity Insurance
policies which guaranteed himself and
his heirs a stipulated income during
S their lives. He then, was not afraid
to continue his gambling in wheat. If
annuity policies are not desired GER
tain portion Of rich mans estate
should be taken out of industrials,
which depend so largely upon the per-
sonality Of management and be in
vested in first mortgage claims on real
property or in land itself When Carneg-
lie retired from the steel business he kept
none of the stock or share in the bus
fness that had made him rich, but con-
verified all into first mortgage bonds.
He now has his interest income guar
anteed him and takes no chances on
future management.
Men of great and small fortunes in
consideration the probable capacity Of
their beneficiaries to manage their pro-
perty and provide by investments in
SAFE property and by permanent trus-
taes1Nps for as great a permanency to
their Estates as possible. Women should
not be 6urdened with the care of pro-
nerty they, do not know how to man,
ace and incompetent sons should be
prevented from sauandestag in so far
as is possible. But the first fuls'>Aias'
will making is to make it in time. Wills
made while ones health is good and
mind clear will always contain the wis
est provisions.
BUSINESS At LEADING POINTS.
Dunr's Review reports business con-
7;tionc af the close of the week as fol-