New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1906-01-31

Wednesday afternoon, disposed of an
estate roughly estimated at $l00,000,-
000. The actual value of the dead
merchants vast holdings was not
stated in the instrument and may not
be known for several weeks On the
basis of a valuation of $100,000,000
the county would receive 100000 in
docket fees and the state about $1,000,-
00G under the inheritance tax law. The
county treasurer, for collecting the lat
ter, will be entitled to about $4,000 in
fees.
Bulk Tied Up in Trust.
Mr.: Fields will is the most remark
allie document of it's kind ever filed in
Cook county. The vast bulk of the
estate is tied up in trust. for the bene-
fit of the two grandsons, Marshall
Field III. and Henry Field for period
Of 80 years. If Marshall Field Jr. had
not died before his father the younger
Field would have been the chief bene-
ticlary. There is no codicil dealing
with that contingency, however, and
the result is that what Mr.. Field Jr.
would have been given reverts to the
tesiduary estate.
The Widows Portion:
Mrs Della Spencer Field, widow of
the testat6f, is given s1,O0O,OO0 OUT
right A codfeai dated September 5,
1905, the day she married Mr.. Field in
London, provides for this gift and also
states that an ante-nuptial settlement
had been made in her behalf. The
amount Of the latter is not stated, but
supposedly was 100000. Mrs. Field
Is given outright the Field residence
property at No. 1905 Prairie avenue
and all its contents excepting certain
pictures belonging to his daughter.
Mrs. Ethel Field Beatty.
Daughter Gets 100000.
TIC the daughter. who is the only
surviving child Of the great merchant
is bequeathed $6,0OO,0OO in the form OF
three separate trust funds. One fund
is for $1,000,000, a second for $1,000
600 and the third for S2,000,000. While
this fortune remains in the hands OF
the trustees during Mrs. Beatty's life
she is to get the net income, and is
authorized to devise it all by will, pro.
vidIng it is designated to her immedi-
ate misunderstanding or children.
To his daughter-in-law, Mrs. ALDER
tina Huck Field, Mr.. Field left life
interest in $1,O0O,0O0. Besides the will
guarantees that the estate Of her hus-
band shall yield her $5O0,0O0 outright.
The little granddaughter, Gwendolyn,
herself receives million dollars in
trust and a specific share in $5,000,000
which originally was wii1ed to- her
father now dead.
Gives Museum 100000.
The Field museum is presented
with $8,OOO,000. Half OF this gift is
directed to be devoted to the building.
fund and the other half To an endow
ment or maintenance fund. There is
an additional provision of $3,0O0,00G'
for the museum in case the grandchiI.
dren, Marshall and Henry Field, die
without issue. The testator also made
another important condition. and upon
it the whole bequest stands or falls.
This stipulation is that if All the land
necessary for the site Of the proposed
museum building is not turned over
to the trustees of the museum within
SIX years the bequest of $4,000, 900 will
revert to the residuary estate. Tn 9th
err words, the city must furnish a site.
for the proposed structure or be COM
PEELED to do without IT.
Share Of Other Relatives.
Tn two different sections of the viii
Mrs. Dibblee, Mr. Fields sister, re
ceives total Of $75O,O0o. Her daugh-
tiers, Mrs. john C. King and Mrs. A. A.
Sprague IT., receive 100000 each.
The, two daughters of Mr.. Fields dead
brother, Mrs Preston Gibson, of Chi
cago, and Mrs. Thomas Lindsay, OF
Boston, receive $4,000 each. A sister
| of Mr.. Field who lives in Williams
| burg, Mass, Mrs. Helen James, re
ceives $5O0,O0a, two of her SONS $780,
/ 900, each, one of her sons $4,000, and
/ her daughter, Grace James Gillette
100000.
/ Other gifts are made to the members
of the family of Mr.. Fields brother
1 joseph N. f1eid, WHO resides IN Man
chester, England. Aside from Stanley
Field, who receives 100000, JOSEPH
Fields younger son and three daugh
tiers, all residents Of England, receiv.
$4,000 each.
!. Fund for Old Employees.
y a fund for old employees of the hous.
: Of Marshall Field & Co. is created will
} gift OF $780, OO r. M. Fair, ]. 6
; Snedd and H. g. Selfridge are the trus
tees of this fund. Moreover, there ar
several individual gifts to persons con
nected with the business 500, 900 t
: Arthur B. Jones, his private secre
, tary; $4,000 to James Simpson, one G
the store managers; and number {
q