The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1913-05-01
NHE will Of the late ]. P. Nor
gan, which recently was filed
for probate in New York, is

remarkable and interesting
document in several respects. 1t be-
gins with declaration Of the great
fnancier's faith in redemption through
Christ, revealing a side Of his nature
known to none but his intimate friends
BY verbal short cuts it makes be-
quests amounting to millions, and yet
it in no way hints at an answer to the
question so frequently asked, What
was the extent Of the Morgan for
tune?'
The will was made Jan. 4, 1913. A
codicil Of no great significance was
added Jan. 6. The following day Mr..
Morgan sailed for Europe. never to re-
turn alive.
In providing acknowledgement law
ishly-for his wife, his children, rela-
tives, friends. clerks and servants Mr..
Morgan wove into the will his inten-
ton that the Morgan money mantle
should descend upon his son, J. P Nor
gan, Jr., and then on his grandson.
Junius Spencer Morgan. Jr.
Art Works to Son.
The wonderful Morgan collections
of art treasures. paintings, potteries
and sculptures are bequeathed to the
son. But. though the bequest is alb
solute. so far as the legatee's right to
retain the collection is concerned, the
wish is expressed that the new head
of the house of Morgan make the same
public disposition as his father had
he lived to carry through his plans.
So also in the charitable as we'll as the
artistic and financial interests Of his
father is j. P Morgan. Jr., the chief
heir
The executors and trustees Of the
estate are J. P. Morgan. Jr.. William
Pierson Hamilton and Herbert L. Sat-
terlee, Mr. Morgan's son-in-law. and
Lewis Cass Ledyard.
The disposition Of the vast Morgan
fortune can be summed up briefly as
follows, the order in which the names
and requests appear being the same
as that of the WILL
Mrs. Franc q Louise Tracy Morgan the
widow-A trust fund of 81 100000 to be dis
posed of at her death as she dictates and
an additional income Of at least 500, 0O(
and the use of Cragston, the country place
and the town house, 219 Madison avenue
New York.
John Pierpont Morgan Jr., sons, 00o,.
900 outright. the residuary estate, the great
art collections and the library.
Mrs. Louisa Satterlee and Mrs. julie
Hamilton, daughters-Income for life from
trust funds of 100000 each.
Miss Annie Tracy Morgan. daughter
Income from trust fund of 100000, {
third Of which she may bequeath to hus
band If she marries and he survives her.
William PiersOn Hamilton and Herber
Livingston Satterlee. sons-in-law ant
partners-$1,O 100000 each outright.
Mrs. Jenny Bigelow Tracy, widow o
Mr.. Morgan's Observation-Disclosures TO
life on $1o00,ooo, capital to go to her heirs
Clara Tracy Hoppin and Julia N. Brown
s-in-law-Income from trust fund o
100000 each, capital to heirs.
Mrs. Lucy Eldredge Lee and Mrs. Ethe
Bangs Wallace, old family friends-In
come for life from trust funds of $4,000
each.
Florence NJ. Rhett, for many years
member Of the Morgan Observation-Disclosures
income Of $4,000 for life.
Mrs. Mary G. M Ilvane of LOndOn-An
nual income Of Sc, 900 for life.
j. Beavor-Webb-$250OO outright.
DR.. James ". Marlzoe, family physical
-$25 GOO year for life to be paid afte
his death to wife.
Requests to Employees.
Bella De Costa Green. librarian-s5o,o
outright.
Ada Thurston, assistant librarian-s1o
600 outright.
Captain W. B. Porter, commander {
the Corsair-$15 900 outright.
Charles w. King. secretary-$25.0 900 GU
right.
Employees of the firm of J. P. Morga
& Co., New York. and those employed
J.. S. Morgan & Co. Of London when TIL
firm was dissolved - One years salal
each.
Edward Phillips, valet-$15,oO outright
Servants employed in various Household
for five years-$1,0 900 each.
For the support of the ministry of
Georges church. New York-Trust ful
Of 100000.
For the establishment and support
missions-$100,0 600.
Mr.. Morgan's charities are hidden u
der a blanket instruction to the truste
and executors to continue paymen
which J have been In the habit of ma