Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1906-02-01
Will D|SPOSES OF D. 4
MANY millions.
ESTATE OF THE LATE MARSHALL
FIELD WILL EXCEED $780,
100000. -

Bulk of Vast Fotune Is Left TO- His
- Two Grandsons- Requests
Yof Over $25,OoOOoO, Including
5000, 900 to Museum Are Made.
Chicago, Jan. 25.-Marshall Fields
VIII, filed for probate at $3.50 O'Clock
Wednesday afternoon, disposed, OF an
estate roughly estimated at $10O,O00,-
O0O. The actual value of the dead
merchants vast holdings was not
stated in the instrument and may MT
be known FOR several weeks. On the
basis of a valuation of 100000, 900
The county would receive 100000 in
docket fees and the state about 81, 0O0,,
COG under the inheritance tax law. The
county treasurer, for collecting the lat
ter, will be entitled to about $4,000 in
ices.
Bulk Tied Up in Trust.
Mr.. Fields will is the most remark
allie document of it's kind ever filed in
Cook county. The vast bulk of the
estate is tied up in trust for the bene-
fiji of the two grandsons. Marshall
Field III. and Henry Field for a period
Of 80 years. If Marshall Field Jr. had
not died before his father the younger
Field would have been the chief bene-
fclary. There is no cOdicil DEALING
with that contingency, however, and
the result is that what Mr. Field Jr
would have been given reverts to the
1esiduary estate.
The Widows Portion.
Mrs. Della Spencer Field, widow of
tie testator, is given $1,O00,00o out
right. A cOdicil dated September 5,
1905, the day she married Mr. Field in
London, provides for this gift and also
srates that an ante-nuptial settlement
had been made in her behalf. The
amount of the latter is rot stated, but
supposedly was $2,Q00,000. Mrs. Field
is given outright the Field residence
property at No. 1905 Prairie avenue
and all its contents. excepting certain
pictures belonging to his daughter,
Mrs. Ethel Field Beatty.
Oe1uSACCI oSLS ro,OOS,OoO.
To the daughter, who is the only
u1viving child of the great merchant
is bequeathed $6,OOO,OC0 in the form Of
three separate trust funds. One fund
is for $1,000,000, second for $1,000
600 and the third for $2,OOC,OOO. While
this fortune remains in the hands OF
the trustees during Mrs Beatty's life.
she is to get the net income, and is
authorized to devise it all by will, pro-
yid1ng it is designated to her immedi-
ate relatives or children.
To his daughter-in-law, Mrs. Alder
tina Huck Field, Mr.. Field left a lie
interest in $1,000,O00. Besides the will
guarantees that the estate Of her hus-
band shall yield her 100000 outright.
The little granddaughter, Gwendolyn,
herself receives million dollars in
trust and a specific share in $5,O0O,OOO
which originally was willed to her
father, now dead.
Gives Museum 100000.
The Field museum is presented
with $8,000,0O0. Half of this gift is
directed to be devoted to the building
fund and the other half to an endow-
ment or maintenance fund. There is
an additional provision of $4,000, 900
for the museum in case the grandchil.
dren, Marshall and Henry Field, die
without issue. The testator also made
another important condition. and upon
1t the whole bequest stands or falls.
Hhis stipulation is that if all the land
necessary for the site of the proposed
museum building is not turned over
f. the trustees of the museum within
six years the bedhest of $S,O0O,OO0 will?
revert to the residuary estate In 9th
er words, the city must furnish a site
for the proposed structure or be com
PEELED to do without it.
Share Of Other Relatives.
In two different sections of the will
Mrs Dibblee, Mr. Fields sister. re-
ceives total of $750.000 Her daugh-
tiers, Mrs. John G. King and Mrs. A. A.
Sprague H., receive 100000 each.
The two daughters of Mr.. Fields dead
brother, Mrs. Preston Gibson, of Chi
cago, and Mrs. Thomas Lindsay, of
Boston, receive $4,000 each. A sister
of Mr.. Field who lives in Williams
burg, Mass, Mrs. Helen James, re-
ceives 100000, two of her sons $780,
600, each, one of her sons $4,000, and
her daughter, Grace James Gillette,
100000. .....
Other gifts are made to the members
Of the family of Mr.. Fields brother.
Joseph N. Field, who resides in Man.
chester, England Aside from Stanley
Field, who receives 100000, Joseph
Fields younger. son and three daugh
ters, all residents of England, receive
$4,000 each.
Fund for Old Employees.
a fund for old employees o. The house
of Marshall Field & Co. is created with
4 gift of 100000. r. .,4. "A ir, J. G.
Snedd and II. G.. Selfridge are the tru;-
tees of this fund. Moreover. there are
several Individual gifts tospersonss cen
nected, with the business S1O0OCO t..