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
5000, 900.

Chicago. Special: An event OF
tremendous importance in the family
OF the late Otto Young has occurred.
II was the birth OF "a boy 10 Mr.. n
Mrs. Samuel X. Martin, ga Lincoln
Park boulevard. 1t is easily the richest
baby in Chicago.
Within an hour thereafter the tele-
phone had carried the news to the 9TH
et branches of the family and to circles
Of more distant relatives that another
erandchild-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 on the
fortune beyond Mrs. Martins life in
terest in it's income. Now they nav
an heir whose prospects are worth at
least So. 900, 600. 1t rs the first Young
g~randchild 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
TO place TO premium on race suicide in
his family.
Grandchildren to Get All.
In his testament he directed hat his
widow and fou daughters be given
practically the entire income from his
estate, but the principal itself, amount
ing at the time of his death to $25,-
coo, 600, he left to be divided equally
among his grandchildren. The fam
lily with the most children thereby will
receive the most money and he one
with lone 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
eighths TO five-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 20 TO % 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 ii to regain the loss
of prestige suffered through the event
in the Martin family. At the same
time a repetition in the Martin family
will enhance its prospects and still fur
Their reduce the others. Still it Is rec
ognized that Mrs. Kaufman. with five
already, enjoys a tremendous handicap
over her sisters.
What eventual effect Mr.. Young's
Ideas will have on his posterlty remains
10 be seen. The more grandchildren
there are the less money there will be
for each. On the other hand, the more
each family has the less danger there
will be of having its 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
pones the date of the final division.
Mr.. Young directed hat his should
not take place until his widow and his
four daughters are all dead and the
Youngest living grandchild is q years
Did.
IF. when the last of the daughters
dies. there are any grandchildren under
age, the trustees will have to wait un-
til the youngest n reaches 81. If the
last survivor of the daughters lives to
extreme old age, however, the young
est srandchild in all probability Will
be II at her death. in which case the
estate would be distributed at once
1t may, therefore. be more thar half
a century before the division of the
estate among the grandchildren. AS
tbe entire income is to be devoted 10
8nnuities the estate viii increase i'm
that time only In so far as the prop
srty may enhance In value IL il were
divided at this time each g~randchild
would receive about SO, 900. 900.