davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
CODICIL TO INCREASE
MRS. M'ILVAINE'S REQUEST

McIlvaine, or to my said executors and
trustees for her account, the said annual
sum Of $4,000 in the manner above pro-
vided. hereby giving to my said executors
and trustees full power and authority 10
determine what. if any. security they shall
require from my said son or my said
grandson for the performance OF such
bond or obligation.
Except as above modified by this codicil.
[ hereby ratfy and confirm my said Will.
in Witness Whereof l have hereunto
set my hand and seal this sixth day or
January, 1913.
J. PIERPONT MORGAN (SeaD.
Signed, sealed, published and de-
clared by John Pierpont Morgan,
the testator above named as and
for a codcil to his last Will and
testament I'm our presence, and
we at his request and in his
presence and in presence of each
other have hereunto subscribed
our names as witnesses this
sixth day OF January. 1918.
JOSEPH II. CHOATE, No. s East SD
street, New York.
EBERT II. GARY, No. $50 Fifth ave
nue., New York city.
LEWIS CASS LEDYARD. JR., No. 81
East I'D street, New York city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
REQUESTS OR ANNUITIES
TO EACH OF HIS SERVANTS

Article XXIIT-I give and bequeath the
,olowing annuities in recognition of faith
fnl service
To Mrs. Margaret Henderson, my house
tseper at Princes Gate, London. $500 per
annum.
To Henry Pendry. my butter at Princes
Gate London. $3.50 per annum.
To Mrs \. King, my housekeeper at
Dover House. Roehampton. $3.50 per
snnum.
To J. F. Mcleod, my gardener at Dover
House. Redemption. ESQ per annum.
I direct my executors and trustees TO
sci apart from my estate such separate
sums as they shall in their discretion de-
,ermine to be sufficient under all prob
able contingencies. to yield a net annual
income equal TO the amounts of said
annuitles. respectively, and / give and be-
oueath each of said sums unto my ek-
ecutors and trustees in trust to collect
and receive the income thereof and out
Of the same to pay said annuities re-
spectiyely unto the several respective
annuitants. in equal quarterly instruments
during their respective lives.
| hereby authorize my said executors
and trustees, if in their judgment the
same shall seem prudent and desirable, in
leu of setting apart the respective trust
funds in this article mentioned, to accept
The bond or obligation of my son. John
Pierpont Morgan, jr, if he shall sur
yive me, and if not. then the bond or OBJ
rgation of my grandson, Junius Spencer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

I, John Pierpont Morgan, of the city
OF New York. having duly executed my
last will and testament, bearing date the
fourth day of January 1918, do hereby
make. publish and declare this codicil TO
my said viii:
do hereby revoke the thirteenth arti-
Gle of my said will whereby | bequeathed
a legacy to my friend Mary q. Mcllvaine'
and I'm lieu thereof hereby make the 1oi-
lowing provision for her. | direct my
executors to set apart sum when III
their judgment shall be sufficient under
all probable contingencies. to yield net
annual income OF $4,000 and | give ana
bequeath such sum unto my executors
and trustees, in trust. TO collect ana re-
ceive the income thereof, and TO pay over
out OF said income the sum OF S-o"V per
annum. I'm equal quarterly instruments
unto my said friend Mary G. McllValhe'
during her natural life.
| authorize my said executors and trus-
tees. if i'm their Judgment the same snal
seem prudent and desirable, In lieu OF
setting apart said trust fund. 10 accept
the bond or obligation of my son Johh
Pierpont Morgan. jr., II he shall survive
me. and II not, then the bond or oblisa-
ton OF my grandson Junius Spencer Nor
gan, jr. to pay TO the said Mary IT,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
library, the sum of s1O.n0N.

library, the sum of 10000
Arucle X1A. / give and bequeath to
captain w. h Porter, my sailing master,
IL ne snail be in my employment at the
uihe OF my death. the sum of $4,000 in
recognition Of his long and faithful SER
vice.
Article XX. / give and bequeath to
CHARLES W. King, for many years my pri-
Vate secretary. the sum of s25, 900 as A
marx OF my appreciation Of faithful SER
vice
Afucle MI. | give and bequeath to
each OF the employees at the time of my
death OF my firm of j. 7. Morgan & Co., of
we CITY o. New York, except Charles w.
klng' above named an amount equal to
one years salary of such employee at such
tlme, and l give and bequeath unto each
person who shall survive me who was at
the time Of the dissolution OF my firm Of
j. ;. Morgan & Co. Of London. an en-
ploye thereof. an amount equal TO one
years salary Of such eInploye at the time
of such dissolution
Article MIL l give and bequeath unto
my valet, Edward Phillips. If he shall be
In my employment at the time of my
death, the sum of $4,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
RESIDJJARY ESTATE LEFT
TO SON, J. P. MORGAN, JR.

household furniture, pictures. plate, sill
verware and jewelry, except such as is
hereinbefore bequeathed absolutely TO my
wife. and will include subject to my
wife's life interest, such OF said articles
as shall be in my town residence. No 2ls
Madison avenue, al the time Of my death.
While the gift OF all such articles to my
residuary legatee Is absolute, IT is with
the desire and expectation on my part
that he will, without impairng the COM
pleteness Of what | have hereinafter In
the Thirty-second Article OF this viii
termed my collections" make 10 my
daughters gifts of such of them as they
may particularly desire. and that he will
also give TO friends Of mine, as memen-
toes of me. such OF these articles as he
i'm his discretion may select and consider
suitable for the purpose.
Sec. l. Without imposing any duty,
trust O. obligation upon my residuary
legatee, request that he continue. so
long as in his judgment the same shall!
be necessary for its support the same as
slstance which / have been In the habit
Of giving during my lifetime to the So
ciety of the Lying-In Hospital of the City
Of New York.
Article XXXlI.-i have been greatly IN
terested for many years In gathering my
collections OF paintings, miniatures, porce-
lains and other works of art, and II mas
been my desire and intention 10 make
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

Article XXXIV-Any gift or other pro-
vision under this will or any codicil
thereto for the benefit OF any woman
shall be taken and held by such woman
as and for her sole and separate property
and estate, free from any debts, liablli-
ties or control Of or by any husband she
may ever have.
In every case in which the beneficiary
TO whom my executors and trustees are
directed or required by the provisions OF
this will to pay over the income of any
trust fund shall happen to be minor,
direct that my executors and trustees
shall, during the minority OF such bene-
fic:iary. instead of paying over the in
come 10 such beneficiary, apply to his
or her support, maintenance and educa-
ton so much Of the income of the trust
as they shall in their absolute discretion
deem proper. accommodating for the benefit
Of the minor the surplus income not so
applied, and paying over to such bene-
ficiary on his or her attaining the age CT
twenty one years all such surplus income
with its accumulations. Any income thus
directed TO be applied TO the support,
maintenance or education Of a minor may
be either directly so applied By my ex-
ecutors and trustees or In their dlscre-
ton may be paid over by them TO the
father, mother or guardian of the person
of such minor, and the receipt of sucA
father. mother or guardian shall be
sufficient voucher and discharge to my
said executors and trustees for all pay
ments so made by them.
Article XXXN-I direct that all inner
itance, legacy. succession or similar duties
or taxes which shall become payable IN
respect to any property or interest pass
ing under my WILL or any codicil when
L may hereafter execute, shall be paid
out of the capital of my residuary estate
Article XXXVI-lt is not from any lack
OF affection or regard for them that this
will contains no provision for my sisters,
Sarah Spencer Morgan, Mary Lyman
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
EXECUTORS ARE ABSOLVED
FROM PERSONAL LIABILITY

not be bound to set aside any part OF the
income thereof as a sinking, fund TO retire
or absorb such premium.
See u. / further authorize my said
executors and trustees in their discretion
10 vote. in person or by proxy. upon all
stocks held by them. To unite with other
owners Of similar property in carrying out
any plan for the reorganization OF any
corporation or company whose securities
form a portion Of my estate or Of any
trust fund under this will. 10 exchange
the securities of any corporation for
others issued by the same or by any other
corporation upon such terms as the said
trustees shall deem proper: TO assent TO
the consolidation or merger OF any cor
poration whose securities are held by
them with any other corporation. to the
lease by such corporation OF its property
or any portion thereof, TO any other cor
poration. or TO the lease by any other
corporation of it's property 10 such cor
poration. and upon any such consolida-
ton, merger. lease or similar arrange
ment 10 exchange the securities held by
them for other securities ISSUED In con-
nection with such arrangement: 10 pay
all such assessments, expenses and sums
OF money as they may deem expedient for
the protection Of their interests as hold
ers of the stocks. bonds or other securi-
ties Of any corporation or company. and
generally TO exercise In respect TO all
securities held by them all the same rights
and movers as are or may be lawfully
exercised by persons owning similar prop
ertv I'm their own right.
Sec IS. In any case III which my
executors and trustees are required under
the provisions OF this viii TO divide any
portions of my estate into parts or shares.
or TO distribute the same. authorize
them I'm their discretion To make such
division or distribution In kind. or partly
in kind and partly in money. and to that
end 70 allot specific securities. or any UNI
divided interest therein, to any share or
shares. and for the purpose of such allot-
ment the Judgment OF my executors and
trustees concerning the propriety thereof
and the relative value for the purpose OF
dis,r,hution Of the securities so allotted.
shall bs final and conclusive upon all per-
sons interested in my estate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

Article X\XI-All the rest, residue anu
remainder of my property and estate rea,
and personal. Of whatsoever nature anu
wheresoever situated. and whether d.
ouired before or after the execution Vi
this will, including all property herei"De
fore ATTEMPTED 10 be disposed OF the oiS
position whereof. by reason OF lapse Vi
other cause, shall fail TO take effect anu
all property over which at the time OF NY
death / shall have any power OF tes'"-
mentary disposition, / now dispose Vi q"
follows. that is TO say:
Section 1. In case my said son, Johh
Pierpont Morgan. jr., be living at t"e
time Of my death, then in that event
give devise and bequeath the same u'''o
him. my said son. John Pierpont MOT
gan. Jr. and his heirs, for his ana ihe''
r@n use forever.
Sec. 2. In case my said son. Johh fie'-
pont Morgan, jr.. shall die befoLe me-
Their IN that event | give, devise anu VI
queath the same unto his eldest son.
Junius Spencer Morgan. Jr. and ms hei'S'
fos his and their own use forever.
See. g. The bequest of my residuaty
estate will include my family portrhits
IN my town residence. No. 2ls Madison
avenue, in the city Of Now York, but u
Is my desire that none Of them SHAH he
taken thence during the lifetime OF my
wife without her approval and assent.
Such .bequest will also include all my
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

may i'm the interval and until the number
shall be thus made up to three have and
exercise al, powers which might be exer-
cised by the full number of fhree execu-
tors or trustees, and provided further
that any vacancy in the office of executor
on trustee caused by the death, resigna-
ton or incapacity Of my son, John Pier
pont Morgan jr., shall always be filled by
my said grandson, Junius Spencer Morgan,
jr.. If living aSd willing.
The appointment by me Of my grandson.
Junius Spencer Morgan, jr., to be an eX-
! ecutor or trustee OF this will in the event
of the death Of my son. John Pierpont
Morgan. tr., either before or after my
death. or i'm the event of his resignation
or incapacity TO act as executor or trustee.
/ is subject to the condition that all my
other executors or trustees who shall take
upon themselves the execution OF this WILL
and who shall be acting at the time when
such appointment would take effect. shall
approve of said appointment In WRITING
and If at any time there shall De
vacancy in the Office of executor or trus-
tee caused by the death. resignation or IN
capacty of my said son, and the surviv-
ing or continuing executors or executor,
or trustees or trustee. shall not so APP
prove such appointment, then such vacancy
may be filled by the selection by the sur
viving or continuing executors or executor
or trustees or trustee. Of a person other
than my said grandson.
Any executor or trustee appointed here
in or I'm pursuance Of the powers herein
I contained may resign in the event that
I ne shall be DESTROYS to be relieved there
! from.
Upon every appointment Of new trus-
tee the trust property and funds shall be
50 transferred that the same shall become
ested in the new trustee or trustees joint
L. with the surviving or continuing trus-
| tee or trustees.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
COMPANY MAY TAKE
PLACE OF THE EXECUTORS

any debt and 10 allow such time for pay
ment teither with or without taking any
security as 10 them shall seem proper,
and in their discretion TO settle. adjust,
pay or discharge any claims which may
be made against me or my estate.
Sec. s. / hereby authorize my said ex-
ecutors and trustees I'm their discretion 10
change as they may see NJ. any invest
ment of which | may die possessed. and
To sell or TO retain the securities repre-
senting the came az proper investments
OF the amounts or moneys 10 be held by
them under the trusts OF this my VIII.
and I'm their discretion 10 invest said
moneys held under said trusts In any Sc
curity. real or personal, corporate. public
or private provided that in the case Of
the purchase OF or loan upon any securi-
ties or property other than those estab-
lshed by the law Of this state ne proper
investments FOR trust funds. all such in
vestments shall be made with the unani-
nous approval In writing OF all the per
sons who shall be executors ana trustees
at the time OF the making Of such invest
ments.
Sec. :. ! declare that no purchaser ~
any property sold pursuant 10 any direc-
ton IN this will contained shall be bound
60 ascertain or inquire into the necessity
or prOpriety of any such sale or shall be
bound To see To the application OF the
purchase moneys arising thereon. and
that the receipts or receipt I'm writing OF
my executors or trustees for the time
being acting In the execution of this VIII
for the purchase money of any property
sold or for any moneys, stocks. funds,
shares or securities which may ne pad
or transferred To them In pursuance or
this my will or Of any Of the trusts here
of, shall effectually discharge the pur-
chaser or purchasers or other the person
or persons paying or transferring the
same therefrom and from being concerned
to see to the application or being answer
able for the misapplication or non-appli-
alton thereof.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

LAG for his or her account. the said
u''', sum Of $4,000 in the manner
an .'s provided. hereby giving to my said
'n,ors and trustees full power and au-
eA ,,v TO determine what, if any, secu--
lD' ,hey shall require from my said son or
W said grandson for the performance of
~ nsh bond or obligation.
~, make this provision for the benefit Of
uarkoe and his wife in recognition
~ our long friendship and of his devo-
for many years of almost his entire
W. and energy to the service of the
',,irr.In Hospital. an institution in which
sove been greatly interested.
',t,cle XVII. / give and bequeath to
,n,s BELLE DaCosta Green, who has long
VS. VS. nv efficient librarian, the sum of
Sooo and although do not intend in
Wv nav 10 control the action of my son
az ~ grandson. to whom my library and
unct;on Of books and manuscripts may
- under the resduary clauses of this
-, trust that she may be continued as
, "., thereof at salary not less than
.sot which she shall he receiving at the
,,ne of my death.
Article XVIII ] give and bequeath to
,ass Ada Thurston, also employed in my
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
TRUSTEES TO CARRY OUT
ALL BUSINESS AGREEMENTS

the death of my said wife leaving any
child or children or issue of any de-
ceased child or children of our marriage
her surviving, the trust fund held in trust
under said deed and the absolute owner
ship thereof should be transferred and
conveyed by the trustee and his success
sors to such children and issue in such
shares and proportions as | in my dis
erection might direct. now in exercise OF
the power in that behalf in Inc vested
in and by said deed. do hereby direct
and appoint that upon the death Of my
said wife the trustees under said deed
shall transfer and convey the whole OF
said trust fund. with all additions and
accumulatiOns, and the absolute owner
ship thereof. unto my said son John Pier
pont Morgan. jr.. il he shall be living al
the death of my said wife. and If not,
then unto my said grandson. Junius
Spencer Morgan. jr., if he shall be then
living.
Article XXIX.-I authorize and empower
nv said executors and trustees in their
absolute discretion TO continue during the
period of the administration Of my estate
any allowances or payments which at the
time Of my death | shall have been In
the habit OF making regularly to any
person or persons for their aid or support
| also authorize my said executors and
trustees in their absolute discretion at
any time before they shall have finally
administered my estate as executors, 10
set apart therefrom separate funds 10
produce an income for the benefit during
life Of any such persons, so that such
payments may thereafter be continued
In the event that my said executors
and trustees shall. under all the cir
culustances, determine that such would
| have been my desire, and ! give ana
heoueath unto my executors each Of SAID
sums so set apart, In trust 10 collect
and receive the income thereof ana 10
nav over the same to the person Tor
whose benefit the same shall have been
On set apart. during his or her life.
Nothing In this article contained SHAH
be held TO confer any right upon any
person to make any claim for or To re-
ceiye any payment whatsoever from my
estate.
While / am aware that the PROVISIONS
or This article may not be valid as a mat
tor of law. nevertheless / have 10 doubt
that my residuary legatee Will gladly
concur in carrying them out TO any extent
that may be proper
Article XXX.-I direct my executors ana
trustees TO make such provision as they
shall determine to be proper for the per-
petual care of the burial lot in FAIRFIELD
Conn. i'm which my first wife is Inferred
and to that end ! authorize them to apply
such sum out of my estate as they shall
deem proper for the purpose
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20
MINUTE DIRECTIONS AS
TO FULFILLING REQUESTS

Burns and Juliet Pierpont Morgan, but
only because the property which they
already have makes the same seem un-
necessary.
Article XXXVII-I direct that the in
come Of all trusts and annuities created
or given by this will shall be deemed 10
accrue for the benefit of the beneficiary
or the annuitant from the date of my
death; and pending the administration OF
my estate, and until the respective trust
funds are established, i direct my ex'
ecutors and trustees from time TO time to
pay from my general estate 10 the bene-
ficiary Of each trust such sum as in their
judgment they shall determine to be
equivalent TO the income which the trus;
fund for the benefit of such beneficiary
would have probably produced during
such period had the same been invested.
and to each annuitant the ratable amount
of his or her annuity during such period.
Lastly: | hereby cancel. revoke and an
null all former wills and testaments or
codicls to the same by me at any time
made, and declare this and this only to
be my last will and testament.
In witness whereof | have hereunto set
my hand and seal this fourth day OF
January in the year of our Lord nineteen
hundred and thirteen.
]. PIERPONT MORGAN (seaD.
Signed. sealed. published and de-
clared by John Pierpont Nor
gan. the above-named testator,
as and for his last will and tes-
lament, In our presence, and we
az his request, In his presence
and in the presence Of each
other, have hereunto subscribed
our names as witnesses this
fourth day of January, nineteen
hundred and thirteen.
John G.. MILBURN. No. 10 West 10th
street. New York CITY.
EDNA NJ BLACKMAR, No. 80 kenmore
Place, Brooklyn, n. y.
LEWIS CAsS LEDYARD, JR., No. "a
East 7Sd street, New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

Section g. And ] declare that neither
my executors or trustees snail DE iap'c
for any loss TO my estate or to any trust
fund thereof, unless the same shall occur
through his own gross neglect or wilful
-maIfeasance. and that my several eXecu-
tors and trustees for the time being shaii
he respectively chargeable only with snci
moneys as they shall respectively actually
receive. and shall be answerable only ior
their own acts receipts and defauIts' anu
not for those OF each other nor for any
banker. broker or other person Win
u,hon, or into whose hands any or the
trust moneys or securities shall be placed
-, denosited or come. nor for the insult
6clency OF any stocks funds, shares or
securities. nor otherwise for involuntary
losses.
Soc | declare that ii shall be law
ful for the executors OF this my Will III
their proper authority and discretioh' 'o
aIlot or appropriate any money peiohsi"s
IN NV estate which shall FOR the uihe
being. pursuant 20 any agreement pet"ee"
,oa and my partners, be allowed TO re-
main in my partnership business 10 any
80 Tho trusts hereinbefore created Tor the
nanodt If my wife and daughters, or any
non, thereof, and / direct that In case
and so long as any part OF any OF the
soia trust funds for the beneht OF my
,ife and my daughters, Oh any or them'
.nau he represented by money belonging
,,,,, estate employed or invested in the
nu.,nsss OF j. T. Morgan d Coz the IN
,.rest oayable thereon by the partners
or mariner for the time being In the said
s,,a,,,ass shall be applied by my said eN-
ecutors and trustees in the same manner
40 tho came were interest, dividends
Income arising from such trust FUND.
&C. 10 Ny said executors are au-
,.or,vsd in their discretion to pay any
aonn,ary legacy given by this WILL
l''sa,nsr in trust or otherwise, either in
.ash or in securities to be selected by
,nen out Of my estate. ana al suoh value
- Inv in their judgment shall determine
'9 ,.,,v in cash and partly In such Sc
=, L. r as they shall think best
=, In case Of securities taken
Sc ,,cbased for any trust fund at a
or 0r,i,m, my execui0ss and trustees shall