The Washington times., 1913-04-20
MORGAk'S S MILLIONS r..
BEQUEATHED TO SON
In Disposing of Large Estate
Entreats His Heirs to Defend
Atonement Doctrine.

NEW YORK, April 2o.-The will of
J. Pierpont Morgan will be offered for
probate tomorrow by his executors. ].
p. Morgan. jr., William Pierson Hamil-
ton, Herbert L. Satterlee. and Lewis
Cass Ledyard. 1t contains approximate
~ 11,0oo words, including a short CO.
dicil, and was drawn January 4. less
than three months before Mr.. Morgan's
death. Its first article is this remark
able paragraph:
'I commit my soul into the hands of
my Saviour, in full confidence that hav-
ing redeemed it and washed 1t in His
most precious blood, He will present
it faultless before the throne of my
Heavenly Father; and / entreat my
children to maintain and defend. at all
hazard. and at any cost of personal
sacrifice, the blessed doctrine of the
complete atonement for sin through the
blood Of Jesus Christ. once offered, and
through that alone"
There are twenty specific bequests'
amounting to sl6,565,0 900, of money given
outright or in trust. in addition to a
years salary to each employe of J. z.
Morgan & Co, Of this city, and j. 5.
Morgan & Co., of London; 81, 600 to each
household servant not otherwise pro-
vided for, and sl,0o0 piece of silver
to each member of the Corsair Club
'.'as a token of my personal affection.
The Corsair Club was an informal or
ganization OF the most intimate OF Mr.
Morgan's friends who were his guests
on short cruises on the famous yacht
They had a dinner every year NO
lists Of the guests at these dinners were
given and the names of the club MEM
bers are known to but a few who were
on the most intimate terms with Mr..
Morgan.
Annuities of $71,zSo.
There are also bequests of annuities
amounting to S1,25o.
Mr.. Morgan's great art collections go
to his only son, ]. P. Morgan, jr-. with
the expressed wish that he carry out
the fathers intention, which the father
had not time to put into effect, Ito
make some suitable disposition of them
or of such portions Of them as l might
determine which would render them
permanently available for the instruc-
tion and pleasure of the American peo-
ple.f'
1T would be agreeable to me-" says
the win. ito have the Morgan Memoir
ial.' which forms a portion Of the prop
erty of the Wadsworth Atheaaeum at
Hartford, Connecticut. utilized to ef-
fectuate a part of this purpose"
j. p. Morgan. Jr., gets $3,oco0Oo out
His sisters, Mrs. William P. Hamilton
and Mrs Herbert L. Satterlee, each re-
ceive 3,0e0, 600 in trust to be bequeathed
by them to their children. The third
sister, Miss Anne Tracy Morgan, re-
ceives s.. 100000 in trust to be bequeathed
by her to her children, If she has any,
or she may bequeath sum not to ex-
coed 81, 200 to her husband, If she
should die leaving husband but no
children.
Income and sI,ooo,ooo.
To his widow, my Ibeloved wife.
Frances Louisa Tracy Morgan. Mr..
Morgan willed the income of trust
fund OF 81. .00o, 900. the principal to be be-
queathed by her as she pleases. she
also receives the income of a trust fund
which Mr.. Morgan held from his father,
Junius Spencer Morgan, and which mas
been very largely increased during my
life time" Her yearly income from
these two sources must be at least
100000. She also has the use of the city
home at Madison avenue and Ihirty-
sixth street, and the country home,
Cragston, at Highland Falls, with
everything in and about them except
family portraits and wines, the taxes
and insurance premiums to be paid out
OF the ToSlOudly esIdAt pun hSi
death the ]. S. Morgan trust fund goes
TO ]. p. Morgan, Jr.
The other family bequests are as fol-
lows: To Jenny Bigelow Tracy. widow
of Charles Edward Tracy. Mr.. Morgan's
brother-in-law, 100000 in trust: to a
sister-in-iaw. Clara Tracy Hoppin.
Julia n. Brown. 100000 in trust
As to Mr.. Morgan's three sisters,
Sarah Spencer Morgan, Mary Lyman
T,,ls. he
will says:
Not Lack of Love.
1T lie not for any lack of affection or
regard for them that this will contains
no provision, but only because
the property which they, already have
makes the same seem unnecessary"
The largest single bequest outside Of
those to the family is 100000 left in
trust to the trustees of the Diocesan
Convention of New York. The income
Of $4,000 of this fund goes to St.
Georges Church, of which Mr.. Morgan
was senior warden, for the support of
the ministry. and the income of $780, 900
is for the establishment and support of
missionary stations OF the Protestant
Episcopal Church in this State, prefer
ably within the Archdeaconry OF
Orange
The second largest gift outside of the
family provisions is $4,000 outright Ito
my friend, ]. Beaver Webb"
Miss Belle Da Costa Greene, who has
long been my efficient librarian" re-
ceives outright $4,000, and a wish Is
expressed that J. p. Morgan, jr, to
whom. as residuary legatee. the Morgan
library passes, may retain her as
librarian.
Legacies In Brief.
Mrs. Morgan gets trust fund Of
$,0oo.ooo which she may dispose OF in
will, life use of town and country
houses and furniture and two additional
trusts sufficient 10 yield income of $780,
go year.
J. Pierpont Morgan gets sS,Ooo.00o out
right, all art objects, fellowships. men,
berships &c, in various societies and
is made residuary legatee.
Mrs. Herbert l.. Satterlee and Ms.
William Pierson Hamilton. daughters,
get 100000 in trust. with power to dis
pose of the principal among issue
Anne Tracy Morgan, daughter gets
$4,000 in trust, with power TO dis
pose of the principal among issue in
event of her marrying or Of leaving
81 10000 to husband in event of there
being no issue
Herbert L. Satterlee and William