The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1913-05-01

determine to be sufficient. under all
probable contingencies, to yield net
annual income equal to the amounts
of said annuities respectively. and
give and bequeath each of said sums
unto my executors and trustees in
trust to collect and receive the income
thereof and out of the same to pay
said annuities respectively unto the
several respective annuitants. in equal
quarterly installments during their res
pective lives"
Provision is made that, in lieu of |
setting apart these funds. J. P. Nor
gan. .Jr. or his son may give bond to
insure payments.
Remembered Obligations.
In article 2 of the will Mr. Morgan |
gave directions for his funeral and the |
interment of his body. In article 3 he
urged the prompt payment Of all his
obligations. whether they were repre-
sented by documents or by mere verbal
promises. The two articles in full are
as follows:
ARTICLE 2.-It is my desire to be
buried in the family burial place pre-
pared by my father in Cedar Hill GEN.
etery, at Hartford, Conn.,, and here
by direct that my body be there in
tered on the west side Of the monu-
ment and opposite the place where my
fathers remains are inferred.
II wish that in all arrangements for
be followed that was adopted in the
case of my father, except that the
service shall be held in St. Georges
church in the city Of New York, with
the bishops of New York, Connecticut
and Massachusetts, and the rector of
st. Georges officiating.
"Article 81 direct that all my debts,
funeral and testamentary charges be
paid as soon after my decease as con-
veniently can be done. thereby giving
to my executors full power and au-
thority to recognize and pay as among
such debts any promise or obligation
made by me, verbally or otherwise,
which. although not in such form that
the holder could compel payment there
Of by my estate, my executors think
proper to be paid in their own judy
ment 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" ~,
Text of Codicil.
The codici! to the will merely makes
a change in a minor provision, but is
! interesting in showing the great finan-
cier's conscientious attention to small
obligations and details. Its language
is as follows:
"I, John Pierpont Morgan, Of the
city of New York. having duly execut-
ed my last will and testament, bearing
date the 18th day Of January, 1913, do
hereby make. publish and declare this
codicil to my said will:
II do hereby revoke the thirteenth
article Of my said will whereby be-
queathed a legacy to my friend Mary
G. McIlvaine. and in lieu thereof I
hereby make the following provision
for her: direct my executors to set
apart sum which in their judgment
shall be sufficient, under all probable
contingencies, to yield net annual
income of twenty-five thousand dollars
($25, OOO, and 1 give and bequeath such
sum unto my executors and trustees
in trust, to collect and receive the in
come thereof. and to pay over out OF
said income the sum of twenty-five
thousand dollars ($25,OOO> per annum
in equal quarterly installments, unto
my said friend Mary G. Mc1lvaine
during her natural life.
81 authorize my said executors an(
trustees, if in their judgment the same
shall seem prudent and desirable, II
lieu Of setting apart said trust fund
to accept the bond or obligation of my
son, John Pierpont Morgan. Jr., if h
shall survive me, and if not, then thu
bond or obligation of my grandson
Junius Spencer Morgan. Jr.. to pay tt
the said Mary G.. Mc1lvaine or to my
said executors and trustees for her &C
count the said annual sum of twenty
five thousand dollars ($25,00O in tn
manner above provided, hereby givin:
. to my said executors and trustees full
power and authority to determine
what, if any. security they shall re
quire from my said son or my sail
grandson for the performance Of sucl
, bond or obligation.
Except as above modified by thi
: codicil, hereby ratify and confirm m
said will.
'In witness whereof l have here
| INTO GOT nv hand and seal this Sixt
day Of January, 1913.