The evening world., 1912-11-29
CARROLL, DYING,
DOUBLED LEGACY TO
RECONC|LED WIFE
Millionaire Horseman'S Will
Gives Residence to "Bet-
terment of Mankind"
PRIESTS AS TRUSTEES.
Two Clerical Nephews In
hampered in Disposal of
Funds on Daughters Death.
PRIESTS AS TRUSTEES.

1hs will Of Joseph d. Carroll. the
snlllionaire head of the horse dealing
hrm of Fiss, Doerr & Carroll. filed in
the surrosate's Court to-day. shows
that after his deathbed reconciliation
with his wife he added a codicil to his
VIII which doubled a trust fund cre-
Atsd for her benefit. On Nov. 4, 1912,
Carroll created q special trust fund Of
$4,000 for Mrs. Martha L. Carrolrs
bsnsnt. but imposed the restriction that
- should enjoy the income from this
and the other fund Of $4,000 created
several years ago only as long as she
should remain his widow.
The will gives $4,000 each to the
Rev. Father Michael Doran of Fort
Lsavenworth. Kan. and to Rev. Ed ward
Doran Of No. 20 City Hall Place. Man
haitian. the money to be used for say
Ing masses for the repoee of the tes-
tAtors soul. The priests are nephews
q the testator.
ORDERS WITHDRAWAL OR DIS.
SOLUTION OF FIRM.
d taking UP the disposition Of his
1rsperty. Mr.. Carroll provided that his
executors and trustees change the
methods under which the business OF
the Fiss, Doerr and Carror Company
are now operated. He directs his ex-
ecutors to invest the money OF his estate
- frst mortgages upon Manhattan real
estate, such mortgages covering more
than 60 per cent. of the value OF the
mortgased property He says:
s.N.
any part Of my property as they find II.
except that It is my express wish and
desire that my stock in Fiss. Doerr and
Carroll Company shall be sold or the
he business liquidated within three
months after my demise.
In carrying on the said business OF
Fiss Doerr 4 Carroll. It has been tho
ctlstom to extend to customers large
credits, taking back chattel mortgages
on horses, wagons. &C. Upon my death
II 10 my desire. and accordingly direc,
my executors and trustees to see to It.
that the character OF the business be
char in this respect and that no sales
OF horses. wagons. &c. shall be made
except for cash.
In addition to creating a trust fund OF
10000 the income TO be used for th'
maintenance and education OF his
daughter Lorena Carroll, now under
fourteen years old, until she becomes
twenty lone years old. the testator pro
vsied for eight other trust funds aggre
eating $3.50. 900 which shall revert to hi
daughter In case of the death OF the
beneficiares. The residuary estate u
also directed 30 he held In trust for the
Young girl.
The daughter Ia to receive the income
Of her life estate after she becomes
twenty-one years old until her death
after which the various funds are to b
divided equally among the two priests
RESIDUE TO BE DISPOSED A!
PRIESTS MAY CHOOSE.
~ attach no conditions as to the die
position to be made OF these funds b,
them" declared the testator, referring
to the two Fathers Doran. "Knowin
>-their high Christian character and thei
benevolent inclinatlons, I know the
q will devote such moneys to the better
ftment OF mankind. 1t Is my request
M however, that they especially observ
= the needs OF any of my kinsmen. an
tif any are deserving and needy, tina
n they give them such help AZ In the!
n Judgment is necessary, but declare n