Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-04-20
OF America on the trip abroad from
which he never returned.
His verbal Debts"

| His verbal Debts"
! Article III directs the payment of his
debts, funeral expenses. etc, and then
| gives to his executors the following:
Full power and authority to recognize
and pay as among such debts any prom
Use or obligation made by me, verbally
| or otherwise. which. although not in
| such form that the holder could compel
| payment thereof by my estate. my execu-
| tors 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 fol-
| lows. the first provisions being those for
| his own family. To his beloved wife,
| Frances Louisa Tracy Morgan the in
come for life. of trust fund of Sl.O0O.OOO.
| with power to dispose of the capital by
| Will. MI Morgan explains that Il give
my wife this power of disposition in or
| der to enable her to make such legacies
as she may desire to her relatives or
| friends or for charity
Mrs. Morgan.is already entitled to the
| income of a trust fund created by Junius
| Spencer Morgan (Mr Morgan's father.
| by deed dated July 1. 1867. The will pro-
| VldeS 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
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| to 100000 year Mrs. Morgan also re-
| ceives during her life Cragston, the Nor
| gan country place at Highland Falls, \.
T.. and also the Morgan home at No. 219
| Madison avenue, New York, together with
| the furniture, paintings. etc Except fam
| lily portraits) in both houses. The taxes
and insurance upon both these pieces of
| property are to be paid during her life.
not by Mrs. Morgan, but the estate.
Sons Legacy 100000.
The next articles of the will are devot-
ed to Mr.. Morgan's children. His son.
John Pierpont Morgan, jr.. receives an
| outright legacy of 5000 COO His two
| married daughters, respectively Louisa.
the wife of Herbert L. Satterlee, and
| Juliet. the wife of William p Hamilton,
receive each the income for life from
| trust fund OF 100000. Upon the death
or these daughters these funds to go
| to their children. but each daughter is
given power Ito dispose Of said sum of
So OoOO 600 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 in
come from a trust fund of $3.OO0OO0, and
| In the event of her marrying and having
heirs the same provisions hold good as
apply to her elder sisters. In case of her
death without children she may bequeath
I'D nef husband out or the trust lund
81, 100000.
| Mr.. Morgans two sons-n-law, William
Pierson Hamilton and Herbert Livingston
Satterlee receive each an outright legacy
| of 100000. A special provision for his
son, j. p. Morgan. jr., is that all my
right title and interest patron or fell
| low in perpetuity In the Metropolitan
| Museum of Art in the city Of New York
| and in the American Museum of Natural
| History in said city. and all similar rights
l to, v,yttt ,f x,l,o ~
! which | may die possessed" be transfer
| red to him. If his son already possesses
| such rights then they are given to the
| grandson Junius.
! Relatives, Friends and Servants.
All the foregoing provisions for the wife
and children are made preferential pro-
visions
| Having thus cared for his immediate
family Mr.. Morgan proceeds to make pro-
vision for various relatives and friends.
| DR.. James W. Markoe. warm friend of
| MIR. Morgans and for many years his
personal physician. is to receive for life.
and his wife after him II she survives
him, an annual income of $4,000 Mr.
Morgan adds this touching tribute to Dr.
| Markoe: Il make this provision for the
benefit of Dr. Markoe and his wife in
| recognition of our long friendship and of
his devotion for many years of almost
his entire time and energy to the service
| of the Lying-in-Hospital. an institution
III which | have been greatly Interested >
| Miss Bella da Costa Green. who has
long been my efficient librarian receives
an outright legacy of $4,000.
| Miss Ada Thurston. assistant librarian.
receives an outright legacy Of $1,000 To
Capt. W. B Porter commander of the
Corsair), my sailing master, is he shall
be in my employment at the tins of my
death. the sum of $4,000, in recog>s.ion
i n nd al hfIYl jc
After this there is given ITO Charles w.
| King, for many years my private score
tary. the sum of $4,000 as mark of my
| appreciation of faithful service.
| An unusual clause follows, showing Mr.
Morgan's thought for all the people who
have been near him in his daily work
This clause reads as follows:
| ITO each Of the employees at the time
of my death of my firm of j. p. Morgan
&, Co. Of the city of New York. except
| Charles w. King above named, an
amount equal to one years salary of such
| employe at such time; to each person
time of the dissolution of my firm of j.
| S. Morgan & Co. of London an employe
| thereof an amount equal to one years
salary of such employe at the time of
such dissolution. The old firm of J. S
Morgan & Co. was several years ago sue
| ceeded by Morgan. Grenfell & Co.
Mr.. Morgan's valet. Edward Phillips,
receives legacy of $4,000 and various
| dnnu1tloS are pfOVlQeQ 10 Otner servants
| Gin recognition of faithful service"
| Further. legacy of $1,000 is given
| unto each servant of my household
whether in New York, Cragston, Princes
Gate or Dover House, who shall be in my
| service at the time of my death and shall
have been continuously employed by me
for not less than five years then next
preceding, other than those above men,
| toned to whom have hereinbefore given
legacies or annuities'
The Diocesan Convention.
The will bequeaths to the trustees of
the estate and property of the diocesan
convention of New York the following
two sums: 100000 upon trust to apply
the income for the support of the min
istry of ST. Georges Church; and the
sum of 100000 in trust. the income of
| which is 10 be applied for the support
| OF Protestant Episcopal missionary sta
tons. Another charitable bequest is that
| of 100000 to the House of Rest for Con-
sumptives to be designated as The
| Amelia Sturges Morgan Memorial Fund"
| wife
| Interesting, in view of Mr. Morgan's
we'll known habit of making many pri-
vate and unknown gifts to charity. etc,
| is the following. which is taken from
| article MIX: Il authorize and empower
my said executors and trustees in their
absolute discretion to continue during
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