Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-01-25
THE FIELD ESTATE
Its Value is Still in Doubt, Although the
Will Has Been FiIed-chicaso Gets
100000 For Museum on Certain
Conditions.

Chicago, Jan. 25.--By the will of the
late Marshall Field. filed bate vasterd,,
IN the probate court, Chicago is made
. beneficiary to the extent of $4,000, 900
which is to be used for the endowment
ana maintenance of the Field Column
piah museum, now situated in Jackson
Park The entire bequest for the mn
seuin' however, is made upon the ex-
press condition that within six years
lrom the date of Mr.. Fields death
there shall be provided for the museum
without cost to it. lands which shall be
satisfactory to the trustees as a site
for permanent home of the museum
II WllHln SIX years the site has not
been provided, the IS. OOO, 900 is to revert
to and become part of the residuary
estate.
In addition to the sum left for the
museum, bequests aggregating S17.-
o6s,o00 are made to relatives and
IriendS or the teStatOr.
Estate Intact for Grandsons.
With these exceptions the entire state
is to be kept intact until one of the
two sons of Marshall Field, Jr., grand
sons OF the testator, shall have reached
the age of fifty years. They are now
nine and twelve respectively. Marshall
Field Jr.. died November 81 last, of a
bullet wound accidentally inflicted
while handling a revolver.
The executors of the will are: The
Merchants Loan and Trust Co. bank in
which Field had great amount of
stock; Chauncey Keep, an old friend
of Field, and Arthur b. Jones, who has
for many years been Fields secretary
and confidential man. In one instance
the United States Trust Company of
New York is trustee for $3,O00,00O, the
Illinois Trust and @'vings bank and
the Northern Trust Company, both of
Chicago, are also included among the
trustees, but the bulk of the estate is
to be managed by the three trustees,
first mentioned.
The business of Marshall Field g.
Co., is to be maintained as a portion
of the residuary estate.
Value of Estate in Doubt.
The exact value of the Field estate
has not yet been estimated. The will
and two codicils contain over ~ 900
and provide the exact manner in which
each particular bequest is to be paid
Among the requests are?
Various trust companies in trust for
Mrs. David Beatty, of England, daugh-
ter Of Mr. Field, s6.000,O 900.
Mrs. Marshall Field, the widow, in
addition to the marriage settlement
and the Field home and all its fur
nishings, $1.O0OO0O.
To the Northern Trust company in
trust for Mrs. Laura r. ,Dibble and two
daughters Sisters and nieces), $780,
coo.
To Mrs. Dibble and two daughters,
s450.0o0.
Northern Trust company, for Mrs.
Helen F. James, sister and three
children 100000.
Howard James, nephew. s950.00n.
Phillip James. a nephew S25O.OOO
Merchants Loan and Trust COM
pany. for Miss Nora Scott. a sister of
Fields first wife. 100000.
Miss Nora Scott, absolutely, $780,
ooo
Daughters Children Disinherited.
The will gives minute instructions
for the division of the estate between
the two grandsons and their descend
ants. The children of Mrs. David
Beatty. Fields daughter. are barred
from participation In the division of
- all -,
failing they come in as heirs at law.
Mrs. Beatty'si son, by her first hus-
band. Arthur Tree, may. however, re-
ceive such part of the mothers trust
fund as she may direct in her will.