Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-01-04
MONEY FOR RESEARCH.
Continued from Page ID J,

loans to moneyed corporations should
| be subject to suitable restrictions
that control OF subsidiary companies
should not be permitted that insur.
OF the residuary estate, if she leaves
no children.
To Louis S. Owsley of Chicago, ILL.,,
100000 to $4,000.
To various relatives the income of
from $4,000 to $4,000.
In trust, the income to be paid to
the University Of Chicago, care and
maintenance OF the Yerkes observa-
tory located at l.ake Geneva, Wis,
100000.
! The remainder Of the estate is to be
| invested and divided into four equal
shares, the income from two Of the
shares to be paid to Mrs. Yerkes dur
| Ing her lifetime, and the income of one
share to be paid to his son, Charles
p. Yerkes, during his lifetime, and the
income from the remaining one share
to be paid to his daughter, Bessie l..
Rondlnella, during her life time.
Hospital to be Established.
On the death of Mrs. Yerkes the
trustees are to incorporate, under the
laws OF New York, a corporation for
the purpost of conducting hospital
to be known as the Yerkes hospital,
and out of the principal Of the one
half set aside for his widow Of shis
estate. less the $750,0O0 to go to the
Yerkes galleries, to be used for pur.
chasing a plot of ground in the Dor
ough of the bronx, IL. the city of New
York. and proper buildings for the
erection of a hospital thereon, the ag-
gregate cost Of the ground and build
ings not to exceed the sum of 100000.
The trustees then to pay over to the
persons designated as trustees of the
Yerkes hospital the remaining portion
of the one-half of the real estate set
aside for his widow, as we'll as any
accrued income thereon remaining to
be invested by the trustees to main
tain the hospital
He directs that the hospital shall be,
open for the public, without regard to
creed, race, or color, and any patient
received or admitted whose financial
means are not such as to enable the
patient to pay for the necessary treat
ment shall be treated free.
In the event of the death of his son,
Charles 3. Yerkes, leaving lawful is
sue, the income arising from the one
quarter of the estate directed to be
paid to Charles e. Yerkes during his
life shall be paid to his wife and child
or children until the youngest of said
children shall arrive at the age Of 81
years. When the children shall arrive
at the age of 81 years or in case Of the
death Of the son, Charles e. Yerkes,
without leaving lawful issue surviving,
then the one-quarter of the estate set
aside for Charles e. Yerkes shall be
paid to the trustees of the Yerkes hos
pital.
1t is provided that in case of the
death of his son Charles before that
of his wife, leaving no issue, the hos
pital is to be established out of the
one-quarter Of the estate, the income
Of which is left to Charles, less the
100000 which he is authorized to de-
wise by will.
The trustees shall freely consult
with his widow in all matters con-
corning the hospital and the Yerkes
galleries.
Widow May Give UP Home.
In case his widow should notify the
trustees that she desired to relinquish
her right to use the premises, Sixty
eight street and Fifth avenue as a.
home, then the trustees are directed
to pay to the Yerkes galleries $4,000
per annum out of the income set aside
for his widow and children under the
fifteenth paragraph of his will.
1t is declared to have been his in
tention to dispose of all his estate and
If any bequest shall fail then all should
go to his residuary estate.
1t Is provided that the provisions
made to his widow are in lieu Of dow
er.
The will appoints as trustees the
Central Trust company Of New York
Mnrric Militia =, .