Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-11-06
MADE AND GAVE
AWAY FORTUNE
UNNOT|CED
WILL BARES GENEROUS
FRIEND OF HUMANITY
Little Millionaire Leaves Twen-
ty-Five Millions to Education
and Charity; Relatives Made
Rich,

IBy Morning journal special Leased Wirel
New York, NoN. John steward
Kennedy. one of Americas little
known rich men. who died of whoop-
ing cough IN his New York residence
sunday last. left bequests of more
than $4,000, 900 to religious, chari-
able and educational institutions in
his wlll filed for probate here today.
The gift is the largest single con-
tribution of it's kind ever made and
the beneticiaries include educational
and chruch institutions north, south.
east and west In this country. and one
abroad, sixty in all.
Nearly half of the S25,000, 900 goes
to institutions connected with tho
Presbyterian church, of which Mr..
Kennedy had been an active member
for many years.
other large beneficiaries include
the American Bible society. the
Metropolitan Museum of Art, tho
New York public library, the United
Charities of New York, Columbia uni
versity and Robert college. Constan-
tinople. tlHa KHsi
Aside from these gifts Mr.. Kenne-
dy left approximately $35,000,0o0 TO
his wife, his relatives and "A great
number of friends and employees
The Widows share will be about $16.-
000, 600. All his employees received
gifts of from $500 to $4,000 each.
The charitable, religious and edu-
cational institutions which receive the
largest bequests are to share the
residue OF the estate left, after defin-
lte gifts Of approximately s12,000,009
have been paid out
Mrs Kennedy, besides receiving the
million dollar residence, the summer
home AT Bar Harbor, and the bank-
er's valuable laboratory and art coli
| lections, also inherits $1,000, ,0O0 in
| cash and "A $i2 600 600 share in the
! residslars estate
Mr. Kennedy. whose death on sun
day occurred with only brief COM
ment by the press. was one OF the
millionaire philanthropists whose
gifts though measured in millions.
were made with az little glare of pub
llcity as possible
He gave quiedy, lived unostenta-
tiously ana made his princely fortune
with little blare of trumpets. Besides
being a banker he was one OF the
CountrN's chief builders OF railroads. "A
patron OF art ana education and. in
his own quiet way. one OF New Yorks
foremost advocates of scientifically
organized charity.
Although well known to the great
financial leaders as well as to those
most active in the great benevolent
works OF the day, his way of doing
business and good was so quiet that
the public heard little about him.
Many of his great honefactions
probably never were made public. but
he figured In recent years as the giver
of $500, 000 to the United Charities in
this city. Of $1,0OO,0O0 to the Pres
byterian hospital. $250,000 to the
School of Philanthropy, $500 900 to
Columbia university and 100000 to
a nurses home for the Presbyterian
hospital
Few even among the well informed
had any idea as to the real wealth Of
the retired banker. Early this year
an interviewer was sent to Mr.. Ken
ncdy's house on his birthday to ask
If he had any million dollar gifts to
announce.
NO, sir" exclaimed Mr., Kennedy.
I'm giving no money away today II
pretty nearly cleaned me out when |
gave that fund to the hospital last oc-
obor"
ON Wail street Mr.. Kennedy had
he reputation of keeping the largest
ash balance in his bank accounts OF
Iny New York financier, As banker
md investor he always showed great
interest in the development of the
northwest.
He was identified with ]. p. Morgan
md James J Hin in the Northern Pa
ific and Great Northern railway com
,anics for many years and was a di-
cctor in many railroad. life insurance
ompanies and banking institutions
Born near Glasgow in 1880, Mr..
[cnncdy came to America In 1850 as
gent for an English iron and metal
oncern. In 1857 he joined the New
'ork banking firm Of Morris X. Jes-
up q CO.. and eleven years later
established the house of Kennedy 4
%. He retired from active partici-
alton in the business IN 1888.