Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1906-01-31
FIELDS WILL IS FILED.
GRANDSONS GET THE MAJOR POR-
TON OF CHICAGO MERCHANTS
IMMENSE ESTATE.
WIDOW GETS GOOD SHARE
Daughters, Other Relatives, Store En-
} ployes and Servants Remembered
by Provisions in Will.

CHICAGO, ILL.,, Jan. 25-The will Of
| Marshall Field was filed in the office of
the probate court of Cook county at
$50 o'clock yesterday afternoon. The
will, consisting of $4,000 words, makes
disposition of an estate that doubtless
exceeds $1O0,000,000, probably reaches
| S12O, 100000 and may go even to SloO,-
|. 100000.
SIS 900 Specifically Devised.
The document specifically provides Tor
the disposition of $50, 29S, 600, not in
Guiding the Field residence at 19Oo
Prairie avenue and it's contents, the val
lie Of which is not estimated, and when
! is left to the widow, Della Spencer Ca
| ton Field during her life. When she
| dies the house and household appurte-
| nances will fail to Marshall Field III.
! In the grand total of So, 29SOOO is IN
! Guided $4,000, an estimate, for family
| servants who are provided for IN gen
! eral section.
! Among the requests that of chief pub
! lie interest is a gift of SS,OOO,OOO 10r
| building and endowment of the Field
| Museum Of Natural History.
Remainder to Two Grandsons
When the specific gifts and requests in
600, are all made, some to revert at the
death of benefciaries, there remains Il
| vast reSiduary estate, estimated at from
! $75, 100000 to $10O,O00OOO, which IS IN
herited by the two sons Of the late Mar,
shall Field, Jr These are Marshall Field
III and Henry Field The trust is not
in any event to be dissolved until the
elder of the two boys, now IL years OF
age, is so years old.
Mr.. Field, however, provided that the
boys shall have gradually growing III.
| comes, and specified, moreover, tnat
! iwhen they reach the age of discretion
they shall become associated with the
| trustees and executors, in order that
their character may develop through
work and responsibility. The will says
this provision is made with a view to the
true happiness of the boys themselves
| : The residuary estate under the trustee
ship mentioned will hold in its bulk the
entire business of Marshall Field q Co.,
to be continued uninterruptedly and
without change in the policy developed
through a generation by Mr.. Field.
Daughter Gets 100000
Of the individual bequests-not con-
sidering the two grandsons who are
chief heirs-the largest is to Mr.. Fields
only daughter, Ethel Field Beatty, wife
of an English captain. She is given, III
trust, three requests of one, two, and
three million dollars, making total of
| 5000, 900.
i One of these millions Mrs. Beatty is
| privileged to leave to her son by her
first husband, Arthur Tree of Chicago.
, The other five millions she also may
leave to her present husband or any
children she may have by him. Should
these possible heirs die without issue
the great fund reverts to the residuary
estate. the million dollars specifically tC
no boirS of Marshall Field Ir
Provisions for the Widow.
Aside from the ante-nuptial gift made
by Mr. Field to Mrs. Cation last August
in Europe, commonly supposed to have
been $2,OOO,000 the widow is given 81,
! 10000 and q life interest in the resi-
dence property. 1t is understood that
the anti-marriage contract was made
with q view to eliminating the widow
choice of dover rights.
A fund for old employees Of the house
of Marshall Field & Co. is created
with a gift of 100000. R. NJ Fair, J
G.. Shedd and 81. G. Selfridge are the
trustees Of this fund. There are several
the business-$1OO, 600 to Arthur B
Jones, his private secretary; $4,000 to
James Simpson, one of the store man
ayers, and a number of others.
Four Charitable Requests.
Four Chicago charities-the Chicag go
orphan asylum, the st. Luke's hospital
and the Presbyterian hospital-received
requests of $4,000 each.
The will was fastened with a bright
under the seal appeared clear and firm.
when will the petition be filed?' Mr..
Wilson was asked.
Il have no idea," he replied "It may
be months before we get the records of
the properties in shape"
What is the total value of the
lestate?"
Il cannot tell as to that either. We
| do not know yet"
i Those Who Are Benefciaries.
i The division of the vast estate in de-
tail follows:
Field museum ........... So 600 OOS
Mrs Della s. Cation Field widow widow '"0''''''N'
Mrs Della S. Cation Field Wid ang contents
| Gin addition to marriage settle
ment of 81, 600, 900. 81 900 OOC
Mrs. Ethel Field Beatty, daugh-
| ter (Merchants Loan and Trust
company controls 100000 be-
quest; United States Trust COM
pany, 100000; and Northern
Trust company and Trustees
| Keep and Jones, $4,000, 0O0) " 5000, OOO
ter-in-law ......e... 1000, oOC
granddaughter lin trust. ....... 1000, OoO
Children of Marshall Field Jr.
Crust fund.-. Uhese are Mar
shall Ill, Henry and Gwendolyn) 100000
Marshall Field Ill, 12-year-old
grandson Gin trusD. .......
.Three-ffths of residuary estate
(This is to be held in trust until
this child is so years of age
Should it's value be estimated
now it probably would run from
$45, OOO,O 900 to $50, 0OO,O OO)
Henry Field, 10-year-old grand
son Gin trusD ...........
| ..... -. Two-ffths of residuary estate
! +; Gin the main to be held in trust
until he or his brother reaches
80 years of age. The present
value of his share is estimated
F., at from $50, 100000 to $4O,OOOOO)