The Birmingham age-herald., 1913-04-20
MORGAN'S WILL AND
TESTAMENT ONE OF
MOST INTERESTING
OF KIND IN HISTORY
CONTINUED From Page One)

said grandson thus succeed to the owner
snip OF these collections [ hope he VIII
be able. in such manner as he shall think
best, to make permanent disposition,
or from time to time permanent DISPOSE
tions of them or of such portions of them
as he may determine which will be sub
stantial carrying out of the intentions
which I have thus cherished. 1t would
be agreeable to me to have the Morgan
Memorial which forms a portion of the
property of the Wadsworth Anthenaeum
at Hartford. Conn, utilized to effectuate
a part of this purpose. do not, however,
by the expression of these wishes IN
tend to impose upon my said son or my
said grandson any duty or obligation,
legal or moral, nor to qualify in any
manner or in any degree his absolute and
unqualified ownership of said collections
should they pass to him under this will. y
Charitable Bequeaths
The public charitable bequests are, as
was predicted by many of those con-
yersant with his immense benefactions
made during his lifetime comparatively
small and are in the direction of those
objects TO which Mr. Morgan's benefac-
tions are already well known. For in
stance in the case of the great Lying In
hospital in New York. to which Mr.. Nor
gan gave over a million and quarter
of dollars, he uses the following lam
guage:
without imposing any duty, trust or
obligation upon my residuary legatee, |
request he continue, SO long as in his
judgment the same shall be necessary
for it's support, the same assistance which
l have been in the habit of giving dur
ing my lifetime to the Society of the Lv-
ing-In hospital of the city of New York. >
This annual gift here alluded to is
known as having been 100000.
1t is worthy of note that the will was
executed as lately as January 4 last,
and a codicil was attached in January
6, only the day before Mr.. Morgan took
leave of America on the trip abroad, from
which he never returned The document
begins with the religious utterance which
provides that his body shall be buried in
the family burial place prepared by my
father in Cedar Hill cemetery at Hart
ford, Conn" And that the same simple
funeral arrangements adopted in the case
of his father shall be carried out in his
own case.}
Payment of Debts
Article III directs the payment of his
debts, funeral expenses, ETC., and then
gives to his executors the following
Full power and authority to recognize
and pay as among such debts any promise
or obligation made by me, verbally or 9TH
erwise. which although not in such form
that the holder could compel payment
thereof by my estate, my executors think
proper to be paid in their own Judgment
or because from memoranda or verbal
directions left by me or from other
sources they are satisfied that it would
be my wish to have paid
The disposition of the estate then fol-
lows, the first provision being those for
his own family. His beloved wife, Fran
ces Louisa Tracy Morgan" the income for
life of a trust fund of 81, 600 900 with power
to dispose of the capital by will Mr..
Morgan explains that Il give my wife this
power or disposition In order to enable
her to make such legacies as she may
beside to her relatives or friends or for
charity
Mrs. Morgan is already entitled to the
income of a trust fund created by Junius
Spencer Morgan (Mr. Morgans father) by
deed dated July l, 1861. The will pro-
vides that she is now to receive for life
the income of an additional trust of such
amount that her total income from these
two trusts shall aside from the income
of the 100000 fund.- amount to 500, 900
year. Mrs. Morgan also receives dur
ing her life "Cragston," the Morgan
country home at Highland Falls, N. Y.
and also the Morgan home at No. 219
Madison avenue, New York. together with
the furniture paintings. ETC., except FAM
lily portraits) in both houses. The taxes
and Insurance upon both these pieces of
property are to be paid during her life, not
by Mrs. Morgan, but by the estate.
Bequests to Children
The next article of the will are de-
voted to Mr.. Morgan's children. His son.