Milford chronicle., 1913-04-25
MORGAN MILLIONS
GO TO HIS SON
Nearly SI7,OOO,OOO in Lega-
CieS and Charities.
TOTAL WEALTH NOT STATED
All Members Of Family Are Well Pro-
vlded For and Employees Remem.
bered-Art Treasures Unplaced.

Charity gets little from the estat,
Of the late J. Pierpont Morgan. o
New York city, the only charitabl,
institution to receive mention in hi,
viii, just offered for probate. bein,
the House Of Rest for Consumptives
which is to receive 100000 for tn,
purpose of establishing the Amelia
Sturges Morgan memorial fund.
St. Georges church, in New York
is given the income from 100000 fol
ministerial work, and the income from
100000 is added for home mission
work in the Episcopal diocese in which
Mr. Morgan was a communicant.
Practically the entire estate is be-
queathed to J. Pierpont Morgan, Jr.,
his son, the great financier thus fol-
lowing the example set by other rich
men of providing for the perpetuity
of the great American family fortunes.
Comparatively small sums are given
to Mr.. Morgan's daughters. The widow
is well provided for, and bequests are
made to other relatives and to per-
sonal friends, employees and servants.
There are twenty specific bequests
of money amounting to $16,565,OO0,
given outright or in trust. The will
is dated Jan. 4, 1913.
The first personal bequest is made
to Mr.. Morgan's widow, who is to re-
ceive the income from $1,OOO,OOO, the
entire amount to be disposed of at her
death as she may desire, "to her rela-
tives or friends or charity Further
Mrs. Morgan is to receive an income
of not less than 100000 from the
trust fund created by J. Pierpont
Morgan's father in 1867, and such 9TH
er part of the estate az is necessary
in the judgment of the executors to
create such income.
Mrs. Morgan is assured the occu-
pancy of the family home in Madison
avenue, New York, with much other
real estate, and furniture, books, brio |
a-brac, pictures except family por-
traits, etc, contained in the Morgan |
country home, "Cragston," in Orange /
county, N. Y, the residence being in
eluded also in the deed of gift. 1t is
provided that all the taxes, insurance,
etc, on this property to
be paid from the residuary estate as
ong as Mrs. Morgan lives.
J. Pierpont Morgan, Jr., receives
outright $3,OOO,O0O as a special be-
luest, while to each of the three
daughters of Mr.. Morgan, Mrs Her
Dert Livingstone Saterlee, Mrs. Will
lam PiersOn Hamilton and Miss Anne
Tracy Morgan, is left the same sum in
rust, the income to be paid to them,
With power to devise the principal un-
er certain restrictions.
To his sons-in-law, Herbert Living
tone Satterlee and William Pierson
hamilton, Mr.. Morgan left 100000
ach.
The widow of Charles Edward
racy, Mr.. Morgan's brother-in-Iaw, is
} receive the income from 100000,
S are Clara Tracy Hoppin and Julia
. Brown, sisters-in-law of the dece-
ent.
Ethel Bangs Wallace and Lucy FL
redge Less, members of the Morgan
are to receive incomes
ON similar amounts, and to Florence
}. Rhett, another household member,
/ annual income of $4,000 is be-
leathed.
The trustees of the estate and
'operty of the diocesan convention y
New York are to receive S500,000,
e income from which is to be given
st. Georges Episcopal church; and I
further income from 100000 for
work in the counties Of .
e diocese is devised. ;
Members of the Corsair club each p
e remembered with a piece of sill u
r valued at $1,000, to be purchased G
the executors. u
Mr.. Morgan's friend, Mary G. Nell $
inc, is to receive an income of $685. D
D. This bequest was originally $780,
} given outright, but was changed "
a codicil written Jan. 6, two days
er the execution of the will. An 7
Ter friend of Mr.. Forgan, J. Beaver
sbb, receives $25O,OOO Other be-
asts include an income of s25.000 d'
DR.. James w. Markoe, in recogni- ca
nof his service to the Lying-In in
,pital $4,000 for Miss Belle Da
sta Green, Mr.. Morgan's librarian; tu
1000 to Miss Ada Thurston, another m
ploye in the library; $4,000 to Cap wi
a w. B. Porter, sailing master; a
900 to Private Secretary Charles to
King; to every employe in the New tu
* Morgan concern an amount equal st,
one years salary, and the same to
ry person who was an employe Of
firm of j.. p Morgan & Co., Of
ldon, at the time of its dissolution; G.
900 to his valet, Edward Phillips; Gu
1mes varying from e250 to $500 tai
old employees on English estates, br,
$1,000 to every servant who had M,
n in Mr.. Morgan's employ five Tb
RS or more. or.
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