The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-20
MORGAN WILL OPENS
WITH CONFESSION OF
HIS RELIGIOUS FAITH

continued FROM FIRST PaSc.)
comaratively small and are in the di-
rection of those objects to which Mr..
Morgan's benefactions are already we'll
known. For instance. in tho case of
the great LyinE-in Hospital in New
York, TO which Mr. Morgan gave over n
million and Il quarter OF dollars. he
uses the following language:
without imposing any duty, trust
or obligation upon my residuary legatee,
| request he continue. so long as in his
Judgment the same shall he necessary
for its support. the same assistance
which have been In the habit of Civ
ing during my lifetime to tho society
of the Lying-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 Il codicil was attached on Jnnu-
AIRY 6, only the day before Mr.. Nor
gan took leave of America on the trip
abroad, from which he never returned
The will gives to his executors the
following:
Full power and authority to recog-
nize and pay as among such debts and
promise or obligation made by me. YER
bally or otherwise. 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
follows. the first provision being that
for his own family. TO his beloved
wife. Frances Louisa Tracy Morgan"
the income for life Of trust fund of
Sl.0Oo,000. with power to dispose OF the
capital by will
Provision for Mrs. Morgan.
Mrs. Morgan is already entitled to
the income of trust fund created by
Junius Spencer Morgan (Mr Morgan's
father) by deed dated July 1, 1867.
The Will provides that she is now TO
receive for life the income Of an ad
ditional trust OF such amount that her
total income from these two trusts
shall aside from the income of the ST.
100000 fund.- amount TO $1,000 year.
Mrs. Morgan also receives during her
lie "Cragston." the Morgan country
place at Highland Falls. y. V; and
also the Morgan home at 219 Madison
Avenue. New York, together with the
furniture.
Legacy Of S3.OO0.OGO.
John Pierpont Morgan, Jr., receives
h'i cutiiSH ltSdCH OF Sa,uDU,UUU. The
dead fnancier's two married daugh-
ters. respectively. Louisa, the wife of
Herbert i. Satterlce. and Juliet, the
wife of William +. Hamilton. receive
each the income for life from a trust
fund of S3,000,0O0 Upon the death of
these daughters these funds and to
go to their children but each daugh-
Ter is given power 10 dispose of said
sum OF 100000 by Will among her
Issue In such shares or proportions
and on such lawful trusts as she may
think proper" The third daughter.
Miss Annie Tracy Morgan. likewise.
receives for life the income from n
trust fund of S3,000,0o0. and in the
event OF her marrying and having heirs
The same provisions hold good as APP
ply 10 her elder sisters. In case of
her death without children she may
bequeath her husband out of the trust
fund Sl.000,O00.
Mr.. Morean's two sons-in-law, Will