Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1908-04-10
the RICHEST BABY
IN ALL CHICAGO
Son Recently Born Mr.. and
Mrs. S. X. Martin Is Worth
So, 900.

Chicago. Special: An event OF
tremendous Importance in the family
of the late Otto Young has occurred.
II was the birth OF d boy TO Mr.. and
Mrs. Samuel X. Martin, ga Lincoln
Park boulevard. IL is easily the richest
baby in Chicago.
Within an hour thereafter the tele-
phone had carried the news to the 9TH
CT branches OF the family n to circles
Of more distant relatives that another
grandchild-the ninth-had arrived TO
share the millions left by the Chicago
merchant. Until the birth OF this their
first child. the Martins, under the
terms OF the will. had no claim III the
fortune beyond Mrs. Martins life in
terest in it's income. Now they have
an heir Whose prospects are worth at
least SO. 200, 900. Ii IS the first Young
Rrandchild TO be born into its own
rights since the death of Mr.. Young
The Importance of the event TO the
four branches of the family arises
from the peculiar provisions of Mr..
Young's will. Mr.. Young apparently
shared the convictions OF President
Roosevelt and he was extremely careful
10 place no premium On race suicide in
his family.
Grandchildren to Get All.
In his testament he directed that his
widow and four daughters be given
practically the entire income from his
estate, but the principal itself, amount
ing at the time OF his death 10 $685.
000, 600, he left to be divided equally
among his grandchildren. The fam
lily with the most children thereby VIII
receive the most money and the one
with none living at the time of the
distribution will not share.
The birth of the Martin baby had the
effect of disarranging calculations in
the families of the other three daugh-
tiers. The prospective share of the
family of Mrs. Marie Julia Young
Kaufman. of Marquette, Mich, who is
in the lead with five children, was
decreased by the event from five
eiRhths TO flve-ninths of the estate-a
loss approximately of $1,S75,000. The
future share of the family OF Mrs. c.
cile Young Heyworth, with two chill
iren, declined from % 70 % per cent,
while that OF Mrs. Catherine Ottilie
Young Hobart, one child, fell off some
1876, 900.
An addition to any of these three
families will help IL to regain the loss
Of prestige suffered through the event
in the Martin family. AT the same
time q repetition i'm the Martin family
will enhance its prospects and still fur
ther reduce the others. Still it Is rec
ognized that Mrs. Kaufman. with Ave
already, enjoys a tremendous handicap
over her sisters.
What eventual effect Mr.. Young's
ideas will have on his posterity remains
to be seen. The more grandchildren
there are the less o there will be
for each. On the other hand, the more
each family has the less danger there
will be of having It's inheritance dim
inished or cut off by deaths.
Furthermore. not the least interest
ing point to the family is that the birth
OF every additional child probably post
n the date of the final division.
Mr.. Young directed hat this should
not take place until his widow and his
four daughters are all dead and the
youngest living grandchild is II years
old.
If, when the last of the daughters
dies, there are any grandchildren under
age, the trustees will have to wait I'M
til the youngest one reaches 81. If the
last survivor of the daughters lives to
Extreme old age. however. the young
est grandchild in all probability Will
be II at her death. in which case the
estate would be distributed at once.
II may. therefore. be more thar half
a century before the division of the
estate among the grandchildren. AS
the entire income is to be devoted 10
annuities the estate Will increase in
that time only In so far as the prop
erty may enhance in value. IL ii were
divided at this time each grandchild
would receive about $1,000. 900.