The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-03
PUBLIC GAINS By
YERKEs' REQUESTS
Art Gallery, Observatory and q
Big Hospital Provided
For in Will.

New York. Jan. 3.-The will of
Charles T. Yerkes, the millionaire trac-
ton magnate, has been made public,
and discloses many public requests in
Guiding 100000 in trust, the income to
be paid to the University of Chicago
for the maintenance of the Yerkes OBJ
servatory at Lake Geneva, Wis.
Provisions are made for the disposal
of his New York home after the death
of his wife, to a corporation organized
for the maintenance of his art gallery,
the sum of 100000 to be given this
project upon Mrs. Yerkes' death. Mr..
Yerkes also provides for hospital to
son and others are remembered.
An epitome follows:
Fifteen thousand dollars to Green
wood. Two hundred thousand to Mary
Adelaide Yerkes, wife. To his wife the
homestead at the corner of Sixty-eighth
street and Fifth avenue, together Win
all the works of art, statuary, bronze,
paintings, and tapestries and bric-a-
brae that may be located elsewhere,
which are to be placed in the house
and galleries. @SE.-i
Upon the death of his wife, the pre-
misses, works of art, ETC., to go to. a
corporation, to be organized under the
laws of the state of New York for the
maintenance and preservation of an art
gallery on the premises, which is given
to said corporation. Upon the death of
his wife, the sum Of $750,QO0 in cash
for the maintenance of such galleries.
Two hundred thousand dollars to
Charles E. Yerkes, son. provided son
! Charles is given the right to dispose
by will 100000 of the. estate.
One hundred thousand dollars in trust
for Ethel Link Yerkes, daughter of his
nephew, Clarence Yerkes, the income to
be paid to Ethel Link Yerkes; upon her
death 100000 to become part of the
resi- duary estate, if she leaves no chill
dren. .'g...
One hundred thousand dollars in
trust. the income to be paid to the Uni
versitv Of Chicago. care and mainte-
nance of the Yerkes observatory at
Lake Geneva, Wis.
The remainder of the estate is to be
invested and divided into four equal
shares, the income from two shares tC
be paid to Mrs. Yerkes during her life
time and the income from one share tc
be paid to his son. Charles E. Yerkes
during his lifetime and the income
from the remainder to be paid to his
daughter, Bessie L. Rondinella, during
her lifetime.
On the death of Mrs. Yerkes, the
trustees are to incorporate a corpora
tion for the purpose of conducting {
hospital to be known as the Yerkes
hospital and out Of the one-half sci
aside for his wife of his estate, less
the $4,000 to go to the Yerkes gal
1ery. to be used for purchasing a plo
of ground, and proper buildings TO-
the erection of a hospital thereon, thu
aggregate cost not to exceed 100000
The trustees then to pay over to tn
persons designated as trustees Of tn
Yerkes hospital the remaining portion
Of the one-half Of the estate set asid
for his wife, as we'll as any accrue,
income thereon remaining to be in
vested by the trustees to maintain tn
hospital.
He directs that the hospital shall b
open for the public without regard t.
creed, race or color and any patien
received or admitted whose fnancia
means are not such as to entitle tn
patient to pay for the necessary treat
ment shall be treated free. Is, H., a.