The daily banner. (Cambridge, Md.) 1897-2008, 1913-04-21
MORGAN MILLIONS
GO TO HIS SON
Hearty SI7,0O0,00O in Lega-
cies and Charities.
TOTAL WEALTH NOT STATED
All Members Of Family Are Well Pro-
vided For and Employees Remem-
bered-Art Treasures UnpIaeed.

All Members Of Family Are Well Pro-
vided For and Employees Remem-
bered-Art Treasures UnpIaced.
New York, April 21.-Charity gets
little from the estate of the la.e J.
Pierpont Morgan, the only charitable
institution to receive mention in his
will. just offered for probate, being
the House of Rest for Consump.ives,
which is to receive 100000 for the
purpose of establishing the Amelia
Sturges Morgan memorial fund.
st. Georges church, in New York,
Is given the income from 100000 for
ministerial work, and the income from
100000 Is added for home mission
work in the Episcopal diocese in which
Mr.. Morgan was communicant.
Practically the entire estate Is be-
queathed to J. Pierpont Morgan, Jr.,
his son, the great fnancier 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 $16,565,0OO,
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 $1,000,0O0, the
entire amount to be disposed of at her
death as she may desire, Ito her re,a-
tives or friends or charity" Further
Mrs. Morgan is to receive an income
of not less than 100000 from the
trust fund created by ]. P.erpont
Morgan's father in 1867, and such ot1-
er part of the estate as 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
cluded also in the deed of gift. 1t is
provided that all the taxes, insurance,
assessments, ETC., on this property to
be paid from the residuary estate as
long as Mrs. Morgan lives.
j. Pierpont Morgan, Jr., receives
outright $4,000, 600, as special be-
quest, while to each of the three
daughters Of Mr.. Morgan, Mrs. Her
bert Livingstone Saterlee, Mrs. Will
liam Pierson Hamilton and Miss Anne
Tracy Morgan, is left the same sum in
trust, the income to be paid to them,
with power to devise the principal un-
der certain restrictions.
To his sons-in-law, Herbert Living
stone Satterlee and William Pierscn
Hamilton, Mr. Morgan left $1,000,000
each.
The. widow of Charles Edward
Tracy, Mr.. Morgan's brother-in law, is
to receive the income from 100000,
as are Clara Tracy Hoppin and Julia
N. Brown, sisters-in-law of the dece-
dent.
Ethel Bangs Wallace and Lucy FL
dredge Less, members of the Morgan
household, are to receive incomes
from similar amounts, and to Florence
M. Rhett, another household member,
an annual income of $4,000 is be-
queathed.
The trustees Of the estate and
property of the diocesan convention
of New York are to receive $500,000,
the income from which is to be given
to St. Georges Episcopal church; and
a further income from 100000 for
work in the counties Of
the diocese Is devised.
Members of the Corsair club each
are remembered with piece of sill
yer valued at $1,000, to be purchased
by the executors.
Mr.. Morgan's friend, Mary G. Nell
vaine, is to receive an income of $685.
900. This bequest was originally $780,
900 given outright, but was changed
in q codicil written Jan. 6, two days
after the execution of the will. An
other friend of Mr.. Forgan, ]. Beaver
Webb, receives s25O.0OO. Other be-
quests include an income of s25,000
for DR.. James w. Markoe, In recogni-
ito nof his service to the Lying In
hospital; $4,000 for Miss Belle Da
COSTA Green, Mr.. Morgan's librarian;
$4,000 to Miss Ada Thurston, another
employe in the library; $4,000 to Cap
tain W. B. Porter, sailing master;
$25, 900 to Private Secretary Charles
w. King; to every employe in the New
York Morgan concern an amount equal
to one years salary, and the same to
every person who was an employe Of
the firm of j. P. Morgan & Co.. of
at the time of its dissolution;
SIS, 900 to his valet, Edward Phillips;
incomes varying from G250 to s500
TO old employees on English estates,
and $1,000 to every servant who had
been in Mr.. Morgan's employ five
years or mere.