The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1911-12-21

FOR GENIUS |:
Many Public Requests in Jo-
seph Pu|itzer's WILL
TO MUSIC AND ART
Valet Gets 100000 and Provision Is
Also Made For Editors - Capital
Stock of His Two NEWSPAPERS Left
In Trust

Also Made For Editors - Capital
Stock of His Two Newspapers Left
| In Trust.
BY his will, just made public, the late
Joseph Pulitzer, who was owner of
the New York World and the St. Louis
Post-Dispatch. ratified a previous gift
to Columbia university of 100000
for the establishment of a school of
Journalism, under an agreement with
the trustees Of the university, and also
ratified an agreement for an additional
| 81 100000 and directed that it should
be paid by his executors to Columbia
| university.
This second gift, however, was SUBJ
| ject to certain conditions which should
be complied with by Columbia univer-
sity before the amount should be paid
over, and in the event Of these condi-
tons not being complied with the
| amount was to go to Harvard univer-
| sity. One-half for a school of journal
ism and one-half for prizes and schol-
! arships as set forth in the will. He
also made bequest to the trustees of
Columbia college of $25O,OOO to found
fund to be known as ''the Pulitzer
scholarship fund.-
| In addition to his requests to Co.
lumbia university Mr.. Pulitzer be-
queathed 100000 to the Metropolitan
Museum of Art and 100000 to the
Philharmonic society of New York.
The testator leaves 100000 to the at
| tendant who had been his constant
companion in his blindness and whom
he designates as my faithful valet.
Jabez Cunningham" Another $780,
600 is to be distributed at the discre-
| ton of the executors among his per-
| sonal secretaries. readers and COM
panions and among certain editorial
| writer's employed on the World
There is a bequest Of $4,000 for
| the erection of a memorial fountain at
some place in Central park.
For a Statue of jefferson.
The testator also sets aside $4,000
for the purpose of erecting a statue of
Thomas Jefferson somewhere in New
York city, and he expresses the hope
that an equal sum may be raised by
| popular subscription and added to the
fund for that purpose.
The capital stock of his two news
papers is left in trust for his sons and
their male issue during the lives or the
two youngest sons.
The trustees of the stock Of the two
newspapers are the following, subject
| to declination, remuneration, resigna-
ton or death:
George L. Rives, president of the
board Of trustees OF Columbia univer-
sity; Charles e. Hughes, justice Of the
United States supreme court, who has
expressed his intention not to accept
owing to his public duties; Harrington
Putnam, justice of the supreme court
in the Second judicial district, who is
appointed by the testator in one Of his
codicils to take the place Of Charles e.
Hughes in case he declines; Frederick
N. JudsOn Of st. Louis, a lawyer Of
that city and now president of the Pu-
liter Publishing company, and J. An
gus Shaw of New York, formerly
president Of the Press Publishing COM
pany. Mr.. Judson is to serve only IN
til Joseph Pulitzer arrives at the age
OF thirty, when he is to take Mr.. Jud-
sons place. J. Angus Shaw is to serve
only until Herbert Pulitzer, now ff-
teen years old, shall reach the age Of
twenty-one, when he will take Mr.
Shaw's place.
Dangers Of Inherited Wealth.
In one of the codicils of his will Mr.
Pulitzer said:
MY children should never forget the
dangers which unfortunately attend
the inheritance of large fortunes, even
though the money come from the pains
taking affections of a father.
II beg them to remember that such
danger lies not only in the obvious
temptations to enervating luxury, but
in the inducement which a fortune
coming from another carries as to the
recipient to withdraw from the whole
some duty of vigorous, serious. useful
work. In my opinion life not largely
dedicated to such work cannot be
happy and honorable, and to such
work it Is my earnest hope and will be
to my death that my children shall,
SO far as their strength permits, be
steadfastly devoted"
Mr.. Pulitzer's widow receives the use
of the testator's residence in New York
during her life, with remainder over at
her death to his son Ralph and with
another remainder over at Ralph's
death to Ralph's brother Joseph. The
, testator's summer residence at Bar
Harbor, Me-. is also left to the widow
for life.
The income of fund Of $2,5OO,OOO is
to be paid to the widow during her life.
and after her death the fund is to be
distributed among the issue then liv-
ing. An income of fund of S1,5OO,O
is left to his two daughters for life,
with remainder to their issue, if any:
if not, to their brothers or their issue.
The residuary estate is left in trust
for the benefit Of his grandchildren.
| Tho chi16rnn vyho oro ho-aGo;or ~