Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-21
AMOUNT OF ESTATE LEFT UN-
CERTAIN, POSSIBLY AMOUNT.
ING TO $,25,ooo,ooo.
ONLY $4,000. 900 DISPOSED
OF IN SPECIFIC REQUESTS
Widow and Children and othsr Rsla-
tivss and Household Servants Amply
Provided For = Interest csnters in
Disposal Of Vast Art Collections, to
Be Devoted to American People.

New 1Ork, April El.-lnterest IN the
will Of ]. P. Morgan. made public yes
terday, centered in the question Of the
value OF the estate and what disposi-
ton his son would make Of the vast
collection Of Morgan art treasures.
Less than $2o.000,o0o was accounted
for in the specific bequests made by
Mr.. Morgan, the rest being the resid-
uary portion left the son without men
tioning the amount.
Some estimates made today placed
the total estate as high was $125,Oo0,-
200, but according to member Of the
firm OF ]. P. Morgan & Co., not even
the son himself can tell within many
millions the actual value of the for
tune. Until appraised by the state for
the purpose Of collecting the Inherit
ance tax the question will remain
open.
]. P. Morgan declined today to say
anything in regard to the disposition Of
the art treasures, but it is intimated
that he might have a statement to
make some time this week. The treas
ures were left to the son with the hope
that he will "be able in such manner
as he thinks best to make a permanent
disposition or dispositions of them or
such portions of them as will be sub
stantial Carrying out Of the intentions
which have cherished to. render them
permanently available for. the pleasure
and instruction Of the American
people"
Christ First in Will.
Il commit my soul into the hands OF
ing redeemed 1t and washed 1t in His
most precious blood He will present 1t
faultless before the throne Of my
Heavenly Father; and 4 entreat my
children to maintain and defend, at all
hazard. and at any cost OF personal
sacrifice. the blessed doctrine OF the
complete atonement for sin thru the
blood Of Jesus Christ, once offered and
thru that alone"
This is the extraordinary and strik-
ing utterance which begins the last
will and testament of John Pierpont
Morgan.
Collection Of Pictures.
AS to his wonderful collection OF
pictures and other art treasures. Mr..
Morgan makes perfectly plain what
his own hopes on this point have been.
and yet leaves his son, who is his
residuary legatee, entire freedom IN
the matter. Mr.. Morgan says he took
great interest in gathering the art
treasures. and 1t had been his cholce
and intention to so dispose OF them as
to render them permanently available
for the instruction and pleasure of the
American people. Lack OF time, ne
says, prevented his carrying this pur-
pose into effect. He expresses the,
hope that his heirs. who succeed to the
ownership Of the collection, Will be
able to make a permanent disposition,
or from time to time permanent dispo-
sitions, Of them or Of such portions OF
them as may be determined, when
will be a substantial carrying out OF
the intentions which he had cherished.
In the case OF the lying -in Fhospitai
in New York. to which years ago MI.
Morgan gave over s1.25o,o0O. he re-
quests a continuance of the same as
sistance he gave. This amounted TO
800. 900 annually. To his "beloved wife.
Frances Louisa Tracy Morgan" he
gives the income for life of a trust
fund OF s1.o00.0oo. with power to dis
pose Of the capital by will.
Mr.. Morgan explains that y give my
wife this power of disposition In order
to enable hcr to make such legacies
as she may desire to her relatives or
friends. or for charity Mrs. Morgan
ia already entitled to the. income OF
trust fund created by Junius Spencer
Morgan tMr .Morgan's father) by deed
dated July 1, 1867. The bill proviues
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 100000 a year.
Relatives Remembered.
Mrs. Morgan also receives during
her life "Cragston," the Morgan coun-
tRy place at Highland Falls N. Y, and
also the Morgan home at No. 21S Mad
ison avenue, New York. together with
all it's furnishings. His son. John
Pierpont Morgan, Jr.. receives outright
a legacy of $3.OO0,000. His two mar
ried daughters. respectively. Louise.
the wife of Herbert L. Satterlee, and
Juliet the wife of P. Hamilton, re-
ceive each the income for life from
trust fund OF 100000. Upon the
death of these daughters. these funds
are to go to their children. but each
daughter il given power to dispose Of
said sum Of 100000 by will among
her issue in such shares or proportions
and such lawful trusts rs she may
think proper The third daughter, Miss
Annie Tracy Morgan. likewise receiver
for life the income from a trust fund
Of $4,000. 900, and in the event Of her
marrying and having heirs the same
provisions hold good as apply to hsr
elder sisters. In case Of her death
without children she may bequeath to
her husband out of the trust fund ST.
0.000.
Million Apises 70 Sons in. Law.
Mr.. Morsan's two sons-in-iaw. VII