New-York tribune., 1912-07-15
Deed Executed in May.

Mr.. ChalOner constantly refers TO the
deed executed ny him on May 13 last as
my last will an testament" and after
reciting in brief the details of the court
proceedings TO have him committed to
Bloomingdale, in 1897, states ne has
taken the following means of meeting
the undesirable condition which con-
fronts him." He then formally disposes
Of the different parcels of real estate,
shares Of stock and personal property
Mr.. Chaloner makes a provision to the
effect that he reserves full control of all
the properties decided and the voting
power Of all securities bequeathed, as
well as the enjoyment of the income
thereof, for his life. He also reserves
the right 10 devise the proceeds Of the
income from his property to various edu-
cational institutions. specified as follows:
To the Paris Prize Fund, amounting TO
Si3OOO and originated by Mr. Chaloner.
a certain percentage of the income of
his estate, TO be set aside annually.
This fund is for the purpose of bestow-
ing scholarships Of $500 each, for a
hre-year course Of study in Paris and
other European art centres, for art stu
dents Of both sexes.
To Columbia University, Of New York,
the sum Of $4,000 is given, to be in
vested by that institution and the in
come thereof 10 go to increasing the
Chanler Historical Prize. founded by
John Winthrop Chanler
Other institutions to be benefited by
the terms of Mr. Chaloner's will are the
virginia Military Institute, $4,000. Ia
De applied to a scholarship. 10 be de-
scribed in Mr. Chaloner's last will and
testament; the Virginia Polytechnic In
stitute, $4,000; the College of Agri-
culture and Mechanic Arts. of North
Carolina, $4,000; the town of Roanoke
Rapids, n. c., $4,000, the income thereof
10 be applied TO the annual purchase Of
d Christmas tree for the public school
children and present'for each child"
The University of North Carolina Is
gwen the sum Of 10000. to be applied
4 scholarship. as is the South Carolina
Military College The Clemson Agricult-
ufal College Of South Carolina. is also
gwen $4,000 for a scholarship, and the
hSt institution named is the College OF
Charleston, S. c.. for like amount.
The total sum called for I'm these be-
quests TO educational institutions
amounts TO $4,000. and Mr. Chaloner
specifies that if the accumulated income
on his death be not sufficient TO pay
'hese bequests he authorizes his eXecu-
tor' the Virginia Trust Company. OF
hlchmond, to cucumber any piece Of New
York property he owns for the purpose
VI raising the necessary amount, but not
10 sell any piece thereof The ten story
ONCE building at No. 29S Broadway. New
York City, owned by Mr.. Chaloner. is
excepted In this clause of the deed
The parcels Of real estate and securi-
ues decided 10 the boards of visitors Oi
the universities Of Virginia and of Nortf
carolina include:
% $50 shares Of the preferred capita
stock OF the United Industrial Company
GROUNDS and factory, at Roanoke Rapids
80 a. y, OF the par value Of 500 each, and ZS
%iaIts OF the common capital stock, valued
at SO each
ID S,54O shares Of the capital stock OF th'
asoapohe Rapids Power Company or tn
ra5 r5 yaiue OF $40 each formerly 100 each
=, s,'eeed TO $40 eachE standing in the name
'he grantor.. This company owns lanC
as' wafer power at Roanoke Rapids. in th'
staie Of North Carolina.
~ rromssory note OF the United Indus
w. - o.a Company, dated August ls, 1895. fol
ssoo payable TO the order OF the grantor
~, beured by deed Of trust or mortgage made
~ saio company TO Prescott Hall Butler
% trustee, or even date with said note 81
oi upon the lands and mill and buildings
=, u water rights OF said company, situated
noanoke Rapids, Halifax County. n. c