Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-05-07
Fortune Estimated at from
S75,000,000 to $780,
100000 and Careful Direc-
tionS Given as to Disposal.
ONLY ONE SMALL
CHARITABLE REQUEST
No Provision Made for Wife
Who Divorced Him; All Chill
dren, Present and ProSpec-
tive, Literally Cared for

tBy Morning Journal special Leased Wire.l
New York, May 6.--Counsel for the
family made public tonight the will
of John Jacob Astor. as drawn in this
city in September last, only few days
after his marriage to Miss Madeline
Talmage Force and approximately
seven months before he perished with
the sinking of the Titanic.
Vincent Astor, a son who will come
to age within the year, Is made the
principal beneficiary and the residu-
airy legatee No hint as to the value
of the great estate Is given, and by
the creation Of trust funds the testa-
tor has followed as far as possible
the custom of his forbears in keeping
the vast Astor holdings intact
Valuations of the estate run any,
where from $75. 1000, 900 to s150,000,-
000. A close friend OF the family said
tonight that the smaller figure In his
opinion Is nearer the correct estimate.
The will provides for unconditional
bequests Of only se76.500. Among
these there is but one of a charitable
nature. This Is $4,000 TO St. Paul's
school of Concord, N. II. The rest of
the legacles are in relatives. friends
and faithful servants. Nearly all other
provisions OF the will. as made public,
deal with the trust funds of which
there are three: s5.000,000 for the
young widow; 900 for the col
onel's young daughter Muriel, the
child Of his former wife Avn willing
Astor; and $3,000,000 FOR the expected
posthumous child of the present WI
dow. This latter clause provides for
each child who shall survive the test
ator other than his son, william VIM
cent and his daughter Ave Alice
Muriel."
No provision is made for the wife
who divorced him, and " the young
widow dies or marries again, the $5,-
000, 900 trust fund, together with the
town house and other property left
to her reverts to Vincent Astor. She
receives. however 100000 outright
without further stipulation and until
the income from the trust fund snail
become available, the trustees are d.
rected to pay her an income OF $780,
000 "A year. There was an anti-nuptial
settlement which she accepted in lieu
of dover rights. The amount OF this
never has been made public. Rumors
have placed It at 100000.
The colonel gives the trustees
minute directions concerning invest
ments. following almost word for word
instructions OF similar nature left by
his father. William Astor. All be-
quests are made tax free the taxes
to be paid out of the residuary estate.
As to proper investments he cites
among other things, real estate rail-
road securities and the public debts
OF the United States. New York. New
Jersey ana Ohio.
The most important provisions of
tho will are
!. TO his son, William Vincent As
tor. outright the following property:
(a)-All the lands and personal prop
erty at Rhinebeck, N. Y, over which
the testator was given "A power by ap-
pointment by his fathers Will. OBJ
The lands and personal property at
Rhinebeck which belonged TO him alb
at the time of his death. (c)--
The house and grounds at Newport,
II. l., with all personal property with
In over which ne had power of ap-
pointment under his fathers Will Id
Ali the pictures and statuary left To
him for life by his fathers will with
power of appointment. (e)-All his
lewelry, wearing apparel, yachts and
boats.
.. To his widow. Madeline Talmage
Force Astor. the town house and sta
BILE AZ Fifth avenue and SiNty-fifth
street. together with books. paintings,
pictures. engravings. marble, bronzes,
and objects of art, plate and
silver plated ware. linen. china, glass.
household effects useful and orna-
therein contained and not
disposed ~. 10 have and
TO hold the same for as long during
her life rs she shall remain his widow,
and upon her death or remarriage all
his property Is bequeathed TO the
Iestators son, William Vincent Astor.
,. For his wife (slc) Madeline Tai
mage Astor. "A trust fund OF S5.000.000
she TO receive the income of such fund
for so long during her natural life as
he shall remain his widow, and upon
her death or IN case OF the remarriage
hen upon such remarriage the cap
cal of this fund goes TO William VIM
vent Astor
4. To his widow Madeline Talmage
Force Astor an outright legacy Of
,l0O. 900 payable Immediately upon
he testator's death and all the hoTses
md other livestock and all carriages
ana harness and stable furniture and
iil automobiles and all provisions ana
supplies belonging to the testator or
subject 60 his disposal at the time OF
his death excepting such OF said ar
.iCles as are otherwise above disposed
lf.
These provisions Tor his widow are
made in lieu 80 dover and all other
claims upon his estate and until the
rust fund Of s5.eoo 600 Is set up. the
executors are directed 10 pay To her an
urume az tne rate OF A-NN.nHv year.
8. 4 trust Of IS. 0oo, ,o0e Tor the bene-
ID Of his daughter Ava Alice Muriel
Asfor. SO much uf the Income as the
X stecs shah determine L. be proper
= 20 be applied to her special support.
and education during
her minority and the balance OF the
Income to be accumulated.
Upon attaining TIE axe OF Il, the
daughter - To receive this funt with
ts nccumulauons absolutely In case
Df her death under Il years. IL goes