Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-01-24
1t Is Said the Bulk of His Estate
Is Left In Great Trust
Fund
ESTATE HUNDRED MILLION
The Trust Fund Is to Be Created For
the Benefit of the Children of Mar
shall Field Jr. = Mrs. Field Will
Not Participate in the Will, Having
Received 100000 at Marriage.

Chicago. Jan. 24.-What is declared
to be the general tenor of the late Mar
shall Fields will was made known yes
terday by two Of Mr.. Fields Oldest and
closest associates, who were familiar
with his ideas as to the disposition of
ms property from years of intimacy
Win MN ana who unite on the main
points of the Will, although differing
as to some minor details.
The will is said by them to have been
hlaae ABOUT two years ago, and, al
though revoked under the law by reas-
on OF Mr.. Fields marriage September
last, codicl revived the document
II also is stated that the will, despite
lnsistent reports to the contrary, has
not yet been formally read to the fam
NY and that it will not be so read UNI
I'll the arrival in Chicago of Joseph N.
REID, Mr. Fields elder brother, who
sailed from England last Wednesday
and is due in New York today. If we'll
enough after his trip Mr. Field will
come at once to Chicago, and the will
then will be read formally to a gath
ering of the family
To be Held Intact.
According to the two friends of Mr..
Field the total amount of the estate
will approximate s10o,O0O,o0O while it
possibly may be under, rather than
over. that figure. The bulk of the es-
tate is to be held intact trust fund
being created for the benefit Of the
three children of the late Marshall
Field Jr. These children are Marshall
Field I'LL, aged IL; Henry Field, aged
8, and Gwendolyn Field, aged g.
The trustees of the bulk Of the es-
tate. who will hold it for the benefit
of the three children, in all probability
will be the Northern Trust Company,
and the Illinois Trust and Savings
Bank.
Next to the creation Of the trust es-
tate, which Will insure the vast Field
holdings being kept together for many
years to come, the most important
feature Of the will is stated to be a
and maintenance of the Field Column
bian Museum. Despite statements that
sum of sS000,000 only has been left
for the Field museum, it is said that
the actual sum is $1O,O0O,0OO The sum
of s8,000,000 was never mentioned at
any time in discussions with Mr.. Field
as to the museum, and $10,0O0,000 was
always the amount specified as being
that necessary to erect structure
worthy of the conception of Mr.. Field
and to maintain 1t.
OF the sum left for the museum S.
OOO 900 will go to building the structure
and the other $5,000,000 to a mainten-
ance fund.
Mrs. Field Provided For.
Mrs. Marshall Field is stated to be
left no money by the will, but it is said
that she received $2,000.000 by ante
nuptial contract. Mr.. Field believed
that with the addition Of another ST.,
100000 to the property which she all
ready possessed Mrs. Field would be
provided for adequately. Mrs. Field,
who was a daughter of the late Mr..
Spencer of Hubbard. Spencer, Bartlett
& Co, owns one-half of her fathers
interest in the firm, while the late Ar
thur Cation, whose widow Mrs. Field
was when she married Mr.. Field, left
her an estate of 100000. Altogether
Mrs. Field is at present in receipt Of
the annual income on $1,000.000 in her
own right and MIR. Field is said to have
thought that, with an additional 81
900, 900, Mrs. Field would have suf-
ficient income.
Small Sum for Daughter.
The report that Mrs. David Beattie
Of England. Mr.. Fields only surviving
child, had been left $S,OO0,OO0 by the
will, is declared untrue, and it is as
serted that only a moderate provision
is made for her All Mr.. Fields rela-
tives are provided for in the will
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