The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-05-07

Forty fifth street. which belongs to Will.
lam Waldorf Astor; the Waldorf Astoria.
| which John Jacob Astor and William
Waldorf Astor owned Jointly. and the
Hotel Knickerbocker ct Broadway and
Forty y-second street and the Apthorp
apartments. on the site Of the old Astor
homestead at Broadway and Seventy
| eighth street. both Of which were the
property Of John Jacob Astor.
Aside from general power of investment
in real estate the trustees are bound by
! specific clauses In Mr.. Astors will to keep
buildings in repair. and their powers in
this regard are put down definitely. They
have also general powers OF administra-
tion OF the estates real property.
! The trustees. however. are not bound
to the investment Of the estates money
in real property. Mr.. Astor. following
closely his fathers will. specified that
they could invest not only in such securi-
ties as are denominated by law "a At invest
ments for trust funds but could buy other
securities within their discretion. He
specified particularly United States bonds
and public securities in the States Of New
York. New Jersey. Pennsylvania, Massa-
chusetts and Ohio. The trustees are also
allowed by definite provisions OF the will
to buy railroad shares and bonds in such
roads in the United States a. they think
proper.
| The trustees OF the estate a. provided
for under the will OF William Astor we're
William Cruikshank. Henry Day and
Philip kissam. william Cruikshank. along
with John Jacob Astor and NJ. Orme
Wilson. were executors OF Mrs. William
Astor's estate when she died three years
ago. None OF the trustees named by
William Astor served latterly a. trustees
of the John Jacob Astor estate
Their places we're taken by Jamss
Roosevelt Roosevelt. who married Miss
Helen Astor. John Jacob Astor' g sister
Douglas Robinson. whose know ledge Of
real estate made him a successor to
William Cruikshank. and Robert II. NJ.
Ferguson. Mr. Ferguson was a brother
OF Ronald Ferguson. NJ. p. who married
a daughter Of the Marquis Of DuiYern,
and Became trustee at about the same
time as Douglas Robinson He was
obliged TO retire on account Of his health
three or four years ago and ia now living
in Silver City. n. NJ.
Mr.. Ferguson place was taken by
Nicholas Biddle Of Philadelphia
All four OF these men MIR. Astor COM
pensated in his will. giving to each except
Mr.. Ferguson $4,000 Mr.. Ferguson
received $4,000. MIR. Astor continues
Mr.. Roosevelt MIR. Robinson and Mr.
Biddle as trustees making them also
executors OF his estate. Vincent Aetor
when he reaches his majority six months
| hancn U n hnoAVHA
trustee
In the same clause Of his will In which
he provides for the bequests to the trus-
tees Mr.. Astor gave SO. 900 to James s
Armstrong Of Rhinebeck. His father.
William Astor. made the same bequest
Mr.. Armstrong was second cousin to
John Jacob Astor and was general man
ager Of his estate. Ferncliffe. at Rhin check
Mr.. Armstrong; aunt. Margaret Arm
strong, was Mrs William B. Astor, Col
Astors grandmother
William A. Dobbyn. to whom Col
Astor left 325. 900. was his secretary
and had an Office at 23 West Twenty
\ sixth street. the general offices from
which tho Astor estate was administered
Mr. Dobbyn aside from being Col. Astor's
secretary has hand in the executive
work OF the estate.
Thomas Hade. who appears in Col
Astor's will as his steward. was a butle,
for Mrs. William Astor. When William
Astor died he left Hade IS. .OOO This sun
was doubled in John Jacob Astor's will
Provision for = Posthumous Child.
Provision is made in the will for possible
issue by Col. Astor's second marriage
The reading Of the clause is similar To
that which provides for his ten year old
daughter. Muriel Astor. The sum Of
81, 900. 600 is to be held in trust until such q
child shall be 81 years old. providing
in the meantime for support and educa.
ton. 1t is probable that this clause OF the
will will become operative upon the birth
Of n child about two months hence The
will provides that in the event OF the
death of child by this marriage. and ir
case it leaves no will. the amount o
the bequest shall revert to William Vim
cent Astor. Otherwise the money becomes
the absolute property Of the heir when he
reaches majority.