New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-27
New Document Gives Widow
Residue of $50, 100000 To
Be Divided with Son.
CUTS OUT THE EQUITABLE
Drawn Under Laws of Texas,
and Will Be Filed for Probate
in Jefferson County-Pro-
vides S2,OO0,0O0 Fund.

The late John w Gates left a second
will. IL was learned yesterday, setting
aside. in effect, the great ten-year trust
created by the will drawn in 1910 for the
ioint benefit OF his wife and son, Charles
@. Gates. embracing practically all OF
the S4O.OOO,OO0 in securities that he is
said TO have owned. The purpose Of his
former will. as announced by Judge
Henry A. Gndersleeve on the day Of the
funeral, was to protect friends who mad
gone into his various enterprises with
him from embarrassment by the possiola
casting on the market at his death Of
his holdings
No such effort TO prevent this is made
in the second will. as only S2.Oo,UO IS
placed in trust. This trust is for the
sole benefit OF Charles G. Gates, the son.
and is to continue during his lifetime. IN
addition 10 this. according 10 the VIII
made public YESTERDAY. a bequest OF
81. COO 900 is left JUtrigs- 10 him.
The widow IS named IN this later in
strument as the rosidUary legatee after
the provisions for tie son and number
Of smaller special beQuests have been
carried out, making her probable share
IL is said. somethirE over S30OO0,000.
She has arranged, however. IN pursuance
Of a wish Of her husband expressed dur
ing his last illness. 10 turn over 70 the
son part OF her share of the estate
sufficiently large to make heir portions
approximately equal
The discovery Of the second will came
as a surprise The first will was drawn
by Judge Gildersleeve in May. 1910, just
previous to the departure Of Mr.. Gates
and his family for Sweden, after he had
been told by doctors that he was in a
serious condition. The original OF this
will was placed in the hands Of the
family while a copy was left in Judge
Gildersleeve's Office.
This first will was revoked by a second,
drawn last March. which latter was
modified by a codicil executed two
months later The special bequests 10
friends and relatives made in the first
will. said 10 amount to a million dollars,
are reduced 70 100000 in the. second
will
II also provides for the payment Of a
balance OF a donation made by Mr.. Gates
scme time before his death 10 the Meth
odist Episcopal Board Of Education. A
sum OF 100000 in cash is left TO the
Mary Gates Hospital OF Port Arthur,
Tex. Mrs. Gates receives the family
residence at Port Arthur. the stable and
garage in this city and all household and
personal effects.
In the first will Mrs. Gates, the son,
Charles. and the Equitable Trust Com
pany we're named as the trustees OF the
estate. an advance fee having been paid,
according TO Judge Gildersleeve, 10 the
trust company for its services. In the
later instrument only the son and widow
are named as executor and executrix.
Alvin W Krech, president Of the
Equitable Trust Company, said last night
that the second will had been called 10
his attention. but added that he did not
know OF his own knowelj of Mr..
Gates's changed wishes in tie matter.
Special concessions had been made TO
Mr.. Gates. ne said. by the company in its
rates as trustee Of the estate in consid-
Grafton of the vastness Of the interests
involved It was said that many thou
sands OF dollars were thus saved 10 the
estate.
The new will. as was the former. is
drawn up under the laws f Texas. Of
which state MIR Gates was a resident II
is said that ii will be presented for pro-
hate at an early date in Jefferson
County. Tex. where he held his legal
domicile.
Judge Gndersleeve was called by tele-
rhope last night in Maplewood, n. H..
and said that although he had not known
of a second will he had no reason to be-
,ieve that there might not be such an in
gtrument.
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