Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1913-05-01
n HE will of the late j. P. Nor
4 gan, which recently was filed
a for probate in New York. is

eE& AOl PiO0dlC III New 4Okht ~
a remarkable and interesting
document in several respects 1t be-
gins with declaration of the great
tinancier's faith in redemption through
Christ. revealing side of his nature
known to none but his intimate friends.
BY verbal short cuts it makes be-
quests amounting to millions. and yet
1t in no way hints at an answer to the
question so frequently asked. What
was the extent Of the Morgan for
tuner
The will was made Jan. 4, 1913 A
codicil of no great significance was
added Jan. g. The following day Mr.
Morgan sailed for Europe never to re
turn alive
In providing Observation-Disclosures 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, ]. P. Nor
gan. IT.. 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 abb
soiute, SO far as the legatees 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 well 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, .Ir.. William
Pierson Hamilton and Herbert L. Sat
terlee. Mr. Morgans 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 $l00, 600
and the use of Cragston, the country place.
and the town house. 219 Madison avenue
New York
John Pierpont Morgan, Jr.. son-s3. oO0, :
600 outright, the residuary estate, the great
art collections and the library.
Mrs Louisa Satteriee and Mrs Juliet
Hamilton, daughters-Income for life from
trust funds of 100000 each.
Miss Annie Tracy Morgan, daughter
Income from trust fund of 100000. a
third of which she may bequeath to hus-
band il she marries and he survives her
William Pierson Hamilton and Herbert
Livingston Satterlee sons-in-law and
partners-$1, 100000 each outright.
Mrs. Jenny Bigeiow Tracy, widow OF
Mr.. Morgan's -in-law-Income for
life on s1,o0o.0O0, capital to go tc her heirs
Clara Tracy Hoppin and Julia N Brown,
observation-disclosures from trust fund of
100000 each. capital to heirs
Mrs. Lucy Eldredge Lee and Mrs Ethel
Bangs Wallace, old family friendship
come for life from trust funds of $1,000
each.
Florence M. Rhett for many years a
member of the Morgan household-Annual
income Of $4,000 for life.
Mrs. Mary G. MIlvane of London-An-
nual income Of SIS 900 for life
j. Beaver Webb 250,000 outright
DIR. James W. Markoe, family physician
900 a. year for life, to be paid after
his death to wife.