Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-04-20

: fctnNtrsdnt With his Immense hchr-
factions. made during a lifetime.
comparatively small. and are in the
direction Of those objects To which
Mr.. Morgan's benefactions are all
ready we'll known. For instance, In
the case Of the great lying-in hospi-
tai i'm New York TO which years ago
Mr.. Morgan gave over million and
a quarter dollars. he uses the follow
ing language
without imposing amy duty, trust
or obligation upon my residuarX lesa
tee. ! request that he continue as
long as in his Judgment the same
shall be necessary for its support the
same as | had been in the habit of
giving ln my life to the Society oi
the VI ng-n hospital of the city OF
New York
This annual gift. here alluded to,
is known as having Deen 100000.
It is worthy Of note that the viii
was executed as late as January :,
last. and cOdicil WAS attached on
January 6 only the day before Mr.
Morgan took leave of America on the
trip abroad, from which he never re-
turned. The document begins with
has been quoted
Article II. provides for his burial
in Cedar Hill cemetery at Hartford
Conn, and that tho same simple fu-
neral arrangements adopted In the
case of his father shall be carried out
in his own case.
Implied Obligations Recognized.
Article Ill. directs the payment OF
his debts. funeral expenses, etc, ana
then gives to his executors the tol-
lowing.
"Full power and authority to recog-
nize and pay as among such debts any
I promise or obligation made by me-
verbally or otherwise. which, although
not in such form that the holder could
compel payment thereof By my es-
tate, my executors think proper 10
be paid in their own judgment or be-
cause from memoranda or verbal d.
rcctions left by me or from other
Sources they are satisfied that II
would be my wish TO have pald.
The disposition of the estate then
follows. the first provisions beng
those for his own family To his be-
loved Wife, Frances Louisa lracN
Morgan the income for life of
trust fund of 81 600 600 with power
to dispose Of the capital by Will MT
Morgan explains that 4 give my WIZ
this power of disposition in order y"
enable her to make such legacles "7
she may desire to her relatives OF
friends or for charity.
Mrs Morgan is already entitled u"
the income of a trust fund created
bv Junius Spencer Morgan CMr Nor
al 4
1867. The will provides that she lS
now 10 receive for life the income
of an additional trust of such amount
that her total income from these tW"
trusts shall taside from the income
of the $i.000.O 200 fund.- amount 10
100000 year Mrs Morgan also
receives during her life "Cwsston'
the Morgan country place at hlRh-
land Falls ". Y. and also the Nor
gan home AT No 2la Madison ave-
nue.. New York. together with lhe
paintings, furniture, etc. teNcfpl
family portratsJ in both houses
Provisions Made for Children.
The next article Of the Will is de-
voted TO Mr. Morgans children Hls
son. j. =. Morgan, Jr receives an
outright legacy of S3,000,O0U. fils
two married daughters. respectively
Louisa. the wife Of Herbert l.. Sattti
lee and Juliet. the wife of william
p. Hamilton receive each the income
for life from trust fund of s3,NoO'-
000 Upon the death of the dausn
ters the funds are to go 10 their ehll-
dren. but each daughter is gwen
power to dispose Of said sum Of 80
00u. 600 by will among her issue III
such shares or proportions and ia
such lawful trusts as she may thinN
proper
The third daughter Miss Ahnle
Tracy Morgan likewise. receives LOT
life the income from a trust fund ol
$4,000. 900 and in the event OF h'r
marriage and having heirs. the pro
visions hold good as applied 10 ny
elder sisters I'm case of her deata
without children. she may bequeatn
to her husband out of the trust funu'
ST. 900, 000. ,,
MIR. Morgans two sons-lh- law VI
liam Piersnn Hamilton and Herpert
livingston Satterlee. receive each an
outright legacy Of 81 000O 600. a spe-
cial provision for his son, J /. MOT
gan Jr. is that all my right u''e
and interest as patron or fellow N
perpetuity in the Metropolitan Muse
UNI of Natural History. In SAID el'S'