The Minneapolis journal., 1906-07-22
DIAMOND IN | | KING S HOARD
DIVIDED AMONG MANY
Alfred Belt Gives $6,oo0,O0O for
Railroads in Africa 81 ,000,-
600 to a University.

London, July 21.-The executors OF
Alfred Belt $ estate. have given
out the exact terms of the fortune left:
The sums enumerated make a total of
$9,675,000, not including the value of
the estate bequeathed to his native city
of Hamburg or the art treasures be-
slowed on the national gallery and the
museums of Berlin and Hamburg. Tt
is. however, believed that the aggregate
will be not far short of $12,500,000.
The most notable provision of the
will is that by which trustees are given
control of $6,000,000 to be used in the
development and construction of rail-
way telegraphs, wireless teleeraphy and
telephones in Rhodesia and upon the
Cape-to- Cairo railway. Other bequests
for South Africa demonstrate that Mr..
Belt s interest in the welfare Of the
country in which his fortune was made
was equal to that of his old associate,
Cecil Rhodes. #@
Bequest to Hamburg.
In his bequests to his native city, the
fnancier leaves the property known as
Borstler's jaeger, near Hamburg, to the
city of Hamburg, to be held for the peo-
pie. # this is not practicable, the city
is authorized to realize on the property
twenty years after Mr.. Belts death
and apply the proceeds to charitable
purposes of Hamburg, maintenance to
be betrayed by the hotel on the prop.
erty. The proceeds of the surplus tim
Der is to be devoted to charitable or ed
ucatlona! purposes. ...-
Of Lady Cookburn and Her Children -
is left to the British National gallery,
and Reynolds picture, Mistress Boone
and Her Daughter" and other art
treasures, are left to Berlin and Ham
burg. To the college of technology con-
nected with the London university, the
sum of $250,000 and 1000 shares Of
Ire bequeathed.
$1,00O,OOO for University.
The sum Of $1,0OO,0OO is left to the
University of Johannesburg to erect
and equip buildings on the land pre-
!fiously given by him; $1,OO0,0OO is be-
Nueathed for educational or charitable
Ees within the field of the British
research fund of the London universi-
ty; $125,000 to the Rhodes university,
Grahamstown, Cape Colony; $4,000 to
fhe Rhodes memorial fund at Cape
Town; $4,000 to the Union Jack club
Of London; 100000 to the Belt firm in
BILE purposes in the Transvaal;. $4,000
for the same purposes in Kimberly {;
$4,000 to DR.. Jameson, now premier of
Cape Colony, and Sir Lewis Michel,
chairman of the De Beers company and
trustee Of the Rhodes fund, for the
same purpose in Cape Colony; 100000
is left to the King $ hospital (London(
~Uondon). and 100000 is to be distrib-
uted equally in London and Hamburg
by Mr.. Belt s executors for educational
or charitable purposes.
For Empire Building.
The testator, continuing, says that,
believing civilization can best be ad-
vanced in Africa by the construction of
railways, telegraphs, telephones and
difficult it is to raise money for those
purposes, he leaves $6,00O,000 in stocks
and shares to his partners to constitute
a fund, the income Of which is to be de-
voted to the construction, equipment
or furtherance of any such methods Of
communication or transportation in
Rhodesia, Portuguese South Africa OF
the German possessions, and in any
parts of Africa as may be traversed in
telegraph or telephone lines. The trus
tees are given absolute discretion, and
If two thirds decide that the fund is nc
longer required for furthering the work
of communication or transportation
they can apply the proceeds to edu
cational, charitable or other purposes in
Rhodesia- .....7...t -
Mr. Belt left large, sums to relatives
numerous legacies to friends and gifts
to clerks and servants. The residue OF
his estate, real and personal, is be-
queathed to his brother, Otto Belt, abso
lutely. '1' 5 ~
The will is dated April 4, 1905.