The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1911-11-16

two younger sons. cOdlcll dttdch-
ed in 1909 divides these interests as
follows: To Herbert, the youngest
son, six.tenths; to Ralph, two-tenths;
to Joseph, one.tenth. land the re-
mainder to be held for the benefit of
the principal editors and managers
of the newspapers whom the trustees
may regard as the most deserving
and valuable from time to time, ana
upon the expiration of the trust es-
tate that one-tenth of the stock OF
each of the companies shall be sold
to one or more OF the principal edl-
tors or managers of each OF SAID
newspapers whom the trustees may
consider most deserving in point Of
ability and integrity" The trustees
will act as executors with the Union
trust company of New York.
The use of the income from the
holdings is restricted to nominal
sums in the cases of Herbert and
Joseph until they reach the age OF 30
years. after which they are entitled
to the whole unrestricted income OF
their respective shares. No restrlc-
ton is placed upon the income which
Ralph may receive from his two
tenth interest. The excess earnings
over Herbert's and Joseph's limita-
lions will go TO Columbia university,
the Metropolitan museum of art and
the Philharmonic society, subject to
certain conditions.
The trustees of the stock OF the
two newspapers are recommended as
George l.. Rives, president OF the
board of trustees of Columbia uni.
versity: Charles +. 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 su
preme court of New York state TO
take the place OF Justice Hughes in
case the latter resigns: Frederick N
Judson OF St Louis and j. Angus
Shaw OF New York. Mr.. Judson is
to serve only until Joseph Pulitzer
arrives al the age of 30, when he Is
to take Mr. Judson's place, and Mr.
Shaw is to serve only until Herbert
Pulitzer. now Is years old, has reach
ed the age of q. when he will take
Mr.. Shaws place
The failure Of the testator tc
name Ralph Pulitzer. the Oldest son
as one OF the trustees, was made the
subject of statement by Ralph
Pulitzer, last night in which he said
that his father lived and died In the
conviction that he had designated
him as one OF the executors and trus
tees. lie quoted letter from vii
liam B. Hornblower, counsel who
drafted the codicll. In which II was
asserted to be an inadvertent omis
sion that Ralph Pulitzer was not mer
toned. Mr.. Hornblower said that in
preparing a recent new draft OF the
will, he inserted Ralphs name in ac
cordance with his fathers instruc
tons. and the tentative draft was In
possession of Mr.. Pulitzer at the time
of his sudden death last month, bul
It was not executed
The will to be filed today was exc
cuted in April, 1904. with several la
ter terms IN oodicils. In addition tC
the provisions for the sons, Mrs. Pull
tier is given the income from a funt
OF S2,50O,00O and two daughters are
provided for by the income from g
fund OF Si.500,O00. The income Of
! 81, 600, 600 Is set aside for the perpe
tuation Of scholarship at Barnard col
lege which Mr., Pulitzer established
some time ago In the memory of hi.
daughter. Lucille
II at any time within seven years
after the death of MIR. Pulitzer. IN,
executors shall be satisfied that tn,
school of journalism established a
Columbia is n success. II is directe,
that Mr. Pultzers additional gift o
$1,000, 600 be paid over In this con
neotion the will provides for a nun
Der OF novel prizes TO be awarde,
annually. including $1,000 for thu
best paper on the future develop
ment and Improvement OF the schoo
OF journalism, gold medals COSTING
$500 for the most disinterested ant
meritorious service rendered by an,
American newspaper during the year
$1,000 for the best history of the sci
vices rendered to the public by tn
American press during the precedln
year, five annual travelling scholar
ships OF $500 each. $1,000 for IN
best example OF reporters wor
during the year. the test being stric
accuracy, terseness. the accomplish
ment OF some public good commanC
ing public attention and respect.
There Is also offered $1,000 for IN
American novel published during tn
year which shall best present tn
wholesome atmosphere OF America
life; $4,000 for the best book OF IN
year upon the history OF the Unite
States; $1,000 for the original pla
performed IN New York which sha
best represent the educational valu
and power OF the state I'm raising tn
standard Of good morals. taste an
manners: $1,000 for the best Amer
can biography teaching patriotic an
unselash services to the people.
by reason of the determination of IN
executors OF the estate or of the IA
ure OF the advisory board OF m