White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-09-03
NEW WILL Of
JOHN v. GATES
LEAVES ONLY 100000 FOR
son, PROVIDES FOR DONATION
AND LEAVES BALANCE TO
WIDOW.

some of the terms were described by
ex-Supreme Court Justice Henry A.
Gildersleeve.
This will differs from the earlier
will in several particulars. While n
the earlier document Mr.. Gates son,
Charles G.. Gates, shares with his
mother all the estate with the ex-
ception of about $1,000, 900. the o
In the later will receives only ST.
600 900 as an outright bequest. In
addition, a trust fund of $1,000, 900
is created for his benefit. 1t is an
nounced, however, that Mrs. Gates
will conform with a wish of her
husband, expressed in his last illness,
and will herself give to the son
enough of her share to make their
shares approximately equal. Fur
Their, the statement sen out with
regard to the later will make no
mention of the prohibition against
the sale within ten years of the secu-
rites left by Mr.. Gates,
The law firm which made the an
nouncement made the request that
their names be not used in connnec-
ton with the announcement. Their
statement was as follows:
1.-The will mentioned in the pub
lished statement was revoked by
another will in March, 1911, and this
later will was modified by a codicil
executed two months later. The last
will contains a number of requests
to relatives and friends amounting all
told to about seven hundred thous-
and dollars. 1t provides for the
payment of a balance of a donation
made by Mr.. Gates to the Methodist
Episcopal board of education, and
one hundred thousand dollars are left
to the Mary Gates hospital of Port
Arthur, Tex. The will contains a
bequest to Charles G.. Gates of one
million dollars and also creates for
his benefit a trust. the principal OF
which will amount to about two mil
lion dollars. This trust is to continue
during his life. Mrs. Gates receives the
residence at Port Arthur. the stable
and garage in New York and al
household and personal effects. She
is named as residuary legatee. Mrs.
Gates, however. In pursuance of the
wish of her husband expressed to her
during his illness, has arranged to
turn over to her son a part of the
portion of the estate bequeathed to
her, sufficiently large to make their
shares approximately equal. Mrs.
Gates and Charles G. Gates, only
are named as executrix and execu-
tor of the will, which will shortly be
presented for probate in Jefferson
county, Texas, where Mr.. Gates resid-
ed"
In speaking of Mr.. Gates estate
the other day. Juoge Gildersleeve
said he did not know how much ii
was worth, but said it must be at
least $50, 600. By the earlier
will. Charles G. Gates would have in
herited nearly one-half of this
amount, or If Judge Gildersleeve's
estimate is correct, approximately
$14,500, 900, or Sill 800, 600 more
than the $4,000, 900 outright and in
trust provided for him in the more
recent document.
In the will drawn by him, Judge
Gilder-sleeve recalled no requests TO
charity or to institutions. Last year
Mr.. Gates agreed to double any fund
the Methodists of Texas should raise
for the establishment of a university
at Port Arthur. Mr.. Gates had long
been interested in this project, and
provided forty acres of land for a
site. 1t Is presumed that the pro-
vision referred to in the announce
ment mentioning the Methodist
Board of Education is a carrying out
of his pledge toward this project.
The Mary Gates hospital at Port
Arthur was established in 1909 by
Mr.. Gates in memory of his mother.
He gave the hospital 100000 at the
time of Its founding and ordered that
2 per cen of his annual earnings
from his oil properties should be ad-
ded each year to the endowment.
CONDITIONS ARE MORE