Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-05-07
FOLLOWED his ANCESTORS Gus
TOM OF CREATING MANY
TRUST FUNDS.
WIDOW Gets S5,000,GlO
But If she Dies or Marrlcs Again Her
Share VIII Revert Back 10 As
tors Eldest son.


the family made public tonight thu
win of John Jacob Astor as drawn il
this city in September last, only q
few days after his marriage to Miss
Madeline Talmadge Force and approx
imately seven months before he per
lshed with the sinking of the Titanic
Vincent Astor, son who will come
to age within the year, is made the
principal beneficiary and resid tAry
legatee. No hint as to the value OF
the great estate Is given and by the
creation of trust funds the testator
has followed the customs of his for
bears in keeping the vast Astor real
estate holdings intact.
One Charitable Bequest.
Aside from provisions for Vincent
Astor, the will provides for uncondi-
tional bequests of only $276,500.
Among these there is but one of a
charitable nature. This is $4,000 to
st. Paul's School at Concord, n. II.
The remainder of the legacies are to
relatives, friends and faithful SER
wants. Nearly all other provisions Of
the viii rs made public deal with the
$5.000000 for the young widow;
s5000,00O for the eoloners young
daughter, Muriel, the child of his
former wife; 100000 for the eX-
pected posthumuous child of the
present widow
This latter clause for providing for
each child who sIall survive the
cent, and his daughter, Alice Muriel.
Nothing for Divorced Wife.
No provision is made for tht wife
who divorced hm; and If the young
widow dies or mares again, the five
million trust fund, together with the
town house and other property left to
her. reverts to Vincent Astor. She
receives, however 100000 outright
further stipulatlons and un-
til the income from the trust fund
shall becomt available, the trustees
are directed to. pay her an income of
$500, 600 year. There was an ante
nuptial settlement which she accepted
in lieu Of dover rights. The amount
Of this never has been made public.
Rumors have placed 1t at $1,000, 900
The colonel gives the trustees min
ute directions coicerning making in
vestments, following almost word for
word Instructions of similar nature
8. IA. 81.
oequests are made tax free, the taxes
10 be paid out of the residuary es
ate. AS to proper investments. he
'ltes among other things, real estate,
securities and the public
lebts of the United States. New York
New Jersey, Pennsylvania and Ohio. /
Remembers His Servants.
Nicholas Biddle of Philadelphia, |
who went to Halifax with Vincent
Nstor to claim Colonel Astor's body I
eceives legacy of $4,000; Robert
I. NJ. Ferguson, a close friend and a /
rustee of his fathers estate. and now
wing in Silver City n. NJ, gets $10,-
700: Douglass Robinson. a brother (
n nslaw of Theodore Roosevelt. is be-
$4,000 and a similar sum
oes to the testator's brother-in-l law,
ames Roosevelt of this city. James
. Armstrong of Rhlnebeck. N. Y,
. cousin. is bequeathed S30, 0,O0O. a sum
Which Colonel Astor's father also left
i'm. Other bequests are $4,000 to
is secretary. William A. Dobbins. OF
his city. in recognition Of faithful
ervlces; $4,000 to his steward Thos.
Iadea. and $4,000 to Herbert A.
superintendent Of his
ountry place at Rhinebeck.
Perpetuatc Astor Cup.
The executors are directed to pay
he New York Yacht club $500 /
ear until Vincent Aslor shall be- ,
ONE OF age. this sum 30 he used by !
ne club for the purchase Of two sou- j
enir cups to be sailed for by The {
achts OF the New York club at New
ort during the annual cruise Il is
iggested further that Vincent Astor, =
aving arrived OF age, shall continue ,
offer these prizes. thus perpetuat-
g the famous Astor cup
Named as executors are lanes
oosevelt Roosevelt. Douglas Robin
m. New York; Charles Riddle and
incent Astor. upon the latter at
lining the age Of 21. These same
e also appointed trustees of the sew
al trusts created by the will.
There was no reading Of the wllfl
assembled relatives. As soon as
plonel Astor's death became
iown to certainty. they were in
rmed Of the provisions of the doc