The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1913-04-25
GREAT F|NANC|ER'S
WILL IS OUTLINED
At FAMILY READING
J. p. MORGAN, JR.. is CHIEF BEN.
EFIclARY OF FATHERS LAST
TESTAMENT.
WIDOW GETS THREE MILLIONS
Daughter Is Provided With a Like
Amount-EmpIoyes All Remem-
bered With Substantial, Sums-Pro-
bate of Will Next Week..

D0tC VI VIII NCxI week..
NEW YORK, April 19--J. Pierpont
Morgan, Jr., is made his fathers
chief heir, succeeding as residuary
legatee to. the bulk of the fortune OF
the financier under his will, accord
ing to information.
Not even to the members of the
family to whom the viii has been
read, is yet known the extent of the
fortune which Mr., Morgan left, ac,
cording to reliable information No
accurate estimate of the figure, ii is
said, can be made until the estate
has been appraised, the work OF
which, unofficially, is already under
way.
1t is possible, however, to state
on the authority of one who is ac
quainted with certain definite terms
of the will, that the following speci
fic requests have been made:
To Mrs. J. Pierpont Morgan, the
widow, is left the income of $4,000,
600 for fife, the principal on hel
death to revert to the estate. In ad
dition Mrs. Morgan also gets the use
| for life OF the Morgan residence al
219 Madison avenue, as we'll as the
/ country place at Highland Falls, N
Y.
To Miss Anne Morgan similar
monetary bequest of $3000,000 is
made, the income from this amount
to be paid to her during her life
Should she marry and leave chill
dren, it is provided that the rr.nci
pal on her death shall revert II the
(, children. But should she die un
married or childless, the full amount
of the principal, it is provided, shall
revert to the residuary estate Tn
der no conditions would it be pos
sible under the will for Miss Nor
CAMS husband to inherit the money
To Mrs. Herbert L. Satterlee
; formerly Laura A. P. Morgan, ant
Mrs. w. Pierson Hamilton, who was
Juliet T. Morgan, the income Of
100000 is devised separately, witt
the proviso that upon their death
the full sum in each shall go tt
their children
For the rest, two employees of Mr.
| Morgan, who served him faithful,
and upon whom he relied particular
ly-Mss Belle Dacosta Greene ant
| generously remembered Miss Greer
and Mrs. Thurston served Mr.. Nor
gan in his wonderful library, wher,
the priceless manuscripts, first edi
ton are treasured, and in reccgni
ton of their services requests Of SIS
600 each are made
Phillips, the valet, who has beel
in Mr.. Morgan's service for fifteel
years, received $4,000. To each O
the household staff in the employ O
Mr.. Morgan for more than five years
including even the man who period
ically cleaned out the cellar and look
ed after the furnace, the sum of 81
900 is bequeathed
In these legacfes it is declared al
of the personal requests in the will
are embraced What disposition ha
been made of the art collection i
still in doubt, but barring that all O
Mr.. Morgan's estate is devised abN
lutely to his son.
Mr.. Morgan the younger, become
the owner of all the personal proper
ty not otherwise disposed of, inclut
ing the wonderful camp in the Ad
rondacks, the yacht Corsair, portion
of the library and all of the residuar
estate Of whatsoever value it may al
tain.
/ The will, it is understood, will b
offered for probate next week. Tn
necessary documents, including tn
petition for probate, the list of pei
sonal belongings, stocks and bond
and other possessions of the deceas
ed are now being prepared.