The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-10-05
IS a VALUABLE OLD FARM
ESTATE on BROADWAY LEFT FOR CARE OF SAILORS HAS IN.
CREASED IN VALUE FROM sa5O00 TO seoyoooy0oo.

.: from me damned physician-the
breed is cen about as pestiferous as
are h legal sharks-that l mus. pre-.
pare for the last cruise. Ho! Boy!
Ink -horn. sand-box and quills!"
Randall's will Is a curiosity. but it
also Is a model OF terseness and COM
prehcnSiveness. MIR. HamiltOn's acu.
men and ability are again proved by
the in which he provided such
perfect legal safeguards that no
courts have yet found grounds for per-
hitting evasion Of any Of Its terms.
The first requests were annuities Of
f40 to each legitimate child" Of his
brother Paul. until completion OF his
fifteenth year. and $1,000 cash on his
twenty-frst birth anniversary. To
each legitimate daughter OF the same
Paul he gave $4,000.
TO Betsy Hart. my %housekeeper, a
lie annuity Of go and my golden
sleeve buttons" To Adam Shields.
IL servant. Gavin Irwin. "f20 and my
gold shoe buckles"
Then arose the question Of disposal
OF the residue of the estate. consisting
Of "21 acres. l rood, "a perches and
lac feet Of farm lands situate in
Fifteenth ward: four lots in First
ward: 1929 in 3 per cent and $6.430 in
~ Vct Ceut 6tOCkS. Inc IOtaI V0IU1.
ton was about $3.50
See here. sir" said Mr.. Hamilton,
how was this fortune got together %
by honest privateering. damme,
AN what the devil shall you do
with 1t all. STR"
II don't know yet"
Then why not make 1t do good for
sailor men. the hardest worked and
I Ion Of OnRnl $nn n1 o1n~r~n0ps -.aa A.
Hamilton. with his mind reverting to
one OF his pet hobbies.
nda Immediately adopted the
suggestion, and SO 1t happened that the
residue of his estate should be used.
as he provided. "for the purpose Of
maintaining and supporting aged. de
|crcpit and wornout sailors as soon as
they. my trustees. or the majority Of
them, shall decide that the income is
sufficient to support SO or more in
proper manner"
Randall then stipulated that the in
come from his real and personal prop
erty should forever 90 to maintain an
asylum or hospital for sailors. And it
Is my intention that the institution so
created shall be perpetual" Double
locks to the drawer inside Of a nickel
steel safe.
The trustees selected by Randall
We're chosen with equal sagacity, as
he named officials. not individuals.
They were Chancellor of New York.
Mayor and Recorder Of New York city,
president and vice president of the
Marine society. the senior clergyman
Of the E~piscopalian and Presbyterian
churches Of the city.
The offices of chancellor and record
er have been abolished. but the others
are still existent.
Fol five years after Eandall's death.
July j. 1901. the trustees were unable
to obtain II charter for Sailors Snug
Hnrbor." the name chosen by RAN
dali. and, in 1906. when Incorporation
papers were approved. the total i'll
come from the property was only ST.
:43 n veal The farm then was ieasea
t" n man named Farquhar for an an
nCai rental Of $3.50. which is a little
less Il one-half Of the present value
of n square foot of the greater part
OF the Mimic farm.
lr 1917 Governor Tompkins offere.i
to donate to the Snug Harbor 10 acres
of land on Staten Island. but the
trustees declined the gift, as. even at
that date the income was not sufficient
to care for SO or more of the ancient
mariners. However. in 1881 there
were brighter prospects in Ward Is,
and the trustees of the will we're able
to buy l30 acres on Staten Island. near
the Kill yon kuI. using for the pur-
pose the accumulated increment and
money paid to the estate by the city
for four acres of ground taken under
the law Of eminent domain.
The price paid by Robert Richard
Randall. the privateer. to Baron
Charles Frederick Hany Bruno Poelt-
nitz for the Mimic farm was 1880.
or about the present daily income.
Compared with New York real estate
assessments Of the present time the
wonderful increase in valuation Of this
old farm Is an example Of the city's
almost magic growth in wealth.