The Washington herald., 1913-04-20
MORGAN Leaves
IOO,000,0OO.

in the event Of the death Of his father
John Pierpont Morgan, jr.
The question most frequently aske'
has been as to the disposition of Nor
gan's collections of pictures and othe
art treasures. Mr.. Morgan make
plain what his own hopes on this poin
have been and leaves his son entir
freedom in the matter.
Son Has Full Charge.
His will declared he left the matte
of establishing permanent dispo
sition of these collections until tot
late, and says:
1T would be agreeable to me to hav'
the Morgan memorial which forms
portion of the property of the Wads
| worth Atheneum. at Hartford. Conn.
utilized to effectuate a part of this pur
pose. I do not, however. by the express
sion of these wishes, intend to impos'
upon my said son, or my said grand
son, any duty or obligations, legal OIL
moral, nor to qualify in any manner OF
| in any degree. his absolute and unquali
fed ownership Of said collections, shoult
| they pass to him under this will"
The public charitable requests are com
paratively small and are In the direc
ton of those objects to which Mr.. Nor
gan's benefactions are already wei
known. One clause Of the will provides
for the perpetual care of the grave OF
Mr.. Morgan's first wife. at Cedar Hill
Conn.
As to Mr.. Morgan's three sisters
Sarah Spencer Morgan, Mary Lyman
Burns, and Juliet Pierpont Morgan. the
will saws:
ut is not for anv lack of affection or
regard for them that this will contains
no provision - but only because the
property which they already have makes
the same unnecessary"
The official copy of the will Of J. Pier
pont Morgan, given out today. bears out
the forecast in The Washington Herald
Yesterday The will Is to be offered for
probate Monday.
The son and namesake Of the f1nancier
is the chief beneficiary. receiving the
bulk Of the Morgan fortune, including
the great art collections, the contents
of the Morgan wine cellars. the Adiron-
dack camp, the yacht Corsair. and other
personal porperty not otherwise dis
posed Of, after certain specific provisions
for the widow, daughters. and a few
others.
The sum of $SO00.00o was set aside for
the children of ]. p. Morgan, jr., in case
he died before his father.
Mr.. Morgan gives to his wife, Frances
Louisa Tracy Morgan:
/. One million dollars in trust. sle tn
receive the income during her life ana
to have power to will it at her death.
2. In addition she is given other prop
erty sufficient to yield in the aggregate
an income of 100000 a year.
Property Left Widow.
3. The widow gets the country place
at "Cragston" and the town house at
Thirty-sixth Street and Madison Avenue
for life, with all its contents. includirs
the works Of art. except the family POI
traits.
To his daughters, Mrs. William Pierson
Hamilton, Mrs. Herbert l.. Saterlee, and
Anne Tracy Morgan. are left 100000 in
trust each.
To William Pierson Hamilton, son-in-
law, $1,000.OO0
To Herbert Livingston Satterlee. son.
in-law, 100000.
The will was drawn on January 4. 1913,
and was witnessed by John G.. Milburn.
Edna NJ Blackmar. and Lewis Cass
Ledyard, jr. There is codicil. executed
January s. 1918, witnessed by Joseph II.
Choate, Gilbert H. Gary. and Lewis Cass
Ledyard.
Many Minor Renehciaries.
The executors and trustees of the will
are j. p Morgan, jr., William Pierson
Hamilton, Herbert Livingston Satterlee,
and Lewis Cass Ledyard. Among the
minor beneficiaries are:
Mrs. Jennie Bigelow Tracy, widow OF
Mr.. Morgan's brother-in-laws Charles
Edward Tracy, 100000.
Clara Tracy Hoppin, sister-in-iaw.
and Julia N. Brown. another sister-in-
law, 100000 each.
Lucy Eldridge Lee, 100000; Florence
NJ. Rhett, income from fund calculated
to produce $4,000 a year; Ethel Bangs
Wallace, income from 100000. The
Protestant Episcopal diocesan conven-
ton of New York. $4,000, in trust, Of
which 100000 goes to st. Georges
Church. and 100000 is to be devoted to
Protestant Episcopal missions in New
York State.
House Of Rest for Consumptives. $780,
DO0
Corsair Club, a piece of silver of the
value Of 100000 out of his collections.
Mary c. McIlvaine, described as a
friend. $4,000.
]. Beaver Webb, $250, 200.
Mrs. Alice Mason, an income OF LOCO
pounds sterling.
Librarian Il Remembered.
DR.. James M. Markoe an annuity of
rs, 900 a year, to be continued to his
widow during her life. Mr.. Morgan says
that this provision for the benefit of
DR.. Markoe and his wife is in ''recogni-
ion of our long friendship and of his
devotion for many years of almost his
.ntire time and energy to the services of
he Lying in Hospital"
To Mr.. Morgan's librarian. Miss Belle |
la Costa Green. is left $4,000. and she is |
o be continued as librarian.
Charles w. King, private secretary.
,ets $4,000.
Capt. w. B. Porter, Mr.. Morgan's SAIL
ng master, gets $4,000
Each employe of j. P. Morgan & Co.,
'ets years salary.
Edward Phillips, a Wallet. gets SIS, GOO |
Miss Ada Thurston, who had charge of
he Morgan library, gets $4,000
Each of Mr.. Morgan's household serv-
nts. who has been in his employ for five
ears. gets 1000.
10Y HELD FOR KILLING THREE.