The Providence news. (Providence [R.I.]) 1891-1906, 1906-01-04
MEETING
OF YERKES
TRUSTEES

New York, Jan. t-Clarence a. knight
OF Chicago. legal adviser of Charles Ty-
son Yerkes. and Adrian n. Jolne, coun-
sci for the Central Trust company OF this
city, which is made trustee Of Mr.. Yerkes'
estate, met at Mr.. Jolne's office yester-
day morning and discussed the terms OF
the will and steps TO be- taken in carry
ing out its provisions.
The bequests to Mr.. Yerkes' secretary.
Louis owsley; relatives. old servants and
the Yerkes Observatory will be paid
promptly. There is enough cash on hand
and property conveniently to be disposed
OF 10 settle these requests without con-
verting valuable securities at loss.
Mr.. Joline, as counsel for the trust COM
pany, will have, subject 10 the advice
and direction OF Mrs Yerkes. Mr.. Owsley
and the Illinois Trust and Savings Bank
company the executors, practically the
was familiar with all OF Mr. Yerkes' ar
fairs, will act with Mr. Joline and Will
come 10 this city from time 10 time.
Until Mrs. Yerkes decides when the
Yerkes Galleries shall be made available
for public use under control OF the Metro
pOltAn Museum or Art the nlusel nNll
take no steps. She has not yet announced
whether or not she Will turn the houses
and the contents over to the museum
during her lifetime. II is believed how
ever, that she will do so. as IL Is under
stood that Mrs. Yerkes viii hardly care
10 remain I'm the great house at Fifth
avenue and Sixty-eighth street which
was designed for an art gallery rather
than a home.
ha oil efF fe
situation TO the Metropolitan Museum Of
art. Hitherto the museum has preferred
10 place under its own roof all collections
given IL, Robert ". DeForcst, a trustee,
said last night:
1T Is hardly ntting at this time for
anybody connected with the museum 20
make a statement on this matter. The
Yerkes collection cannot be regarded in
the same light and from the same point
Of view s other collections which have
been offered 20 the institution. so far IS
! know, the museum has not gone into
the matter at all. There is nothing 10
be done until Mrs Yerkes decides what
she wants TO do The museum. I feel
sure. will take no action until IL hears
from Mrs. Yerkes"
The establishment Of the great hospi
tai in the Bronx. as was made clear in
the will itself. will be deferred. Unul
the death OF Mrs Yerkes there will be
no money for building. II was stated to-
day by one familiar with Mr. Yerkes'
affairs that the delay In all probability,
would be a good thing for the hospital.
Mr.. Yerkes estate. already carefully in
vested, is far more likely TO increase in
value than to decrease. and by the time
the Yerkes hospital corporation Is formed
there Is a likelihood that II will have
much more money than. according TO the
present estimate, can be applied TO IL.
from 100000
Mr.. Yerkes had In mind for years be-
fore he died the establishment OF "A great,
free hospital. lie talked over the mat
ter with Mr.. knight on a number OF oc-
casons Some time before he died he
spoke Of his plan TO Or. IA. L. Loomis,
his physician. and asked what would be
good site. DR. Loomis thought that
on account of rapid growth OF popula
tlon in the Bronx and other reasons that
section OF the city would be best
Mr.. knight said today: "Mr. Yerkes.
many years before he died. was planning
how TO do the most good with his money.
There was a lot OF the Quaker left in
him. and a good broad stratum OF re-
ligion which his struggles for fortune
hadn't taken out OF him, and which
cropped out at times lie said TO me
once: The money / have made ! don't
consider my own at all. I am merely
holding II I'm trust for the public good
10 DO as much good with as | can
IL was said today that Mrs. Yerkes
was conversant with Mr. Yerkes' ideas
as 10 the establishment OF a free hos
pital as well as the gift to the city OF
the Yerkes Galleries. and that she mad
had number OF conversations with her
husband on the subject since he returned
to this country. She was heartily in SYM
pathy with both plans.
A friend OF the family said today in
regard To a question as to why the be
quests TO the son and daughter we're com
paratively small: Neither Charles r.
Yerkes nor Mrs Rondinella Is used TO
and plainly. Charles f.. Yerkes' income
annually IL. perhaps. not more than $500,
and Mrs Rondinella's Is not more Mr..
Yerkes knew his son would not carry
on his business interests. and that there
was no occasion to entail the estate. Be-
sides. his phllanthropic plans dominated
him"
IL was repeated emphatically today by
Mr.. Knight. Mr.. Owsley and Mr.. Waller
that the will just made public was Mr.
Yerkes last Will. All talk Of his having
considered making another will since last
May. they characterized as nonsense Mr..
Joline was never requested by.Mr Yerkes
TO draw up another will. although he did
some othe legal business for Mr. Yerkes
Mr.. Yerkes signed no checks at the Wal
dorf while he was ill. Mr.. Owsley and
Mr. Knight declared. He was too III TO
attend 20 any business matters and Mr.
Owsiey attended 60 all details
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