Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1913-04-23
MORGAN'S MILLIONS
GO TO RELATIVES
Requests of S20,OOO,000 Given
to Son.
LITTLE LEFT TO CHARITY
Amount of Total Wealth Unknown
Leaves Art Treasures to Disposal
of Heirs-EmpIoyes and
Servants Aided.

New York, April 21.-"I commit my
soul into the hands of my Saviour in
full confidence that having redeemed
it and washed it in his most precious
blood he will present it faultless be-
fore the throne of my heavenly father;
and l entreat my children to maintain
and defend, at all hazard, and at any
cost of personal sacrifice, the blessed
doctrine Of the complete atonement
for sin through the blood of Jesus
Christ, once offered, and through that
alone"
This is the extraordinary and strik-
ing utterance which begins the last
will and testament of John Pierpont
Morgan, who died at Rome on March
81 last, which was probated today.
Total Estate Unknown.
AS to the amount of the estate,
which is one of the first questions the
public naturally is asking, there is
nothing in the will to give any accu-
rate idea, and the executors say no an
nouncement will be made on this point
until the appraisal has been made for
determining the state Inheritance tax.
The amount of requests and trusts,
named by specific sums, is under $780,
100000, but the entire residue Of the
estate is left to ]. P. Morgan, Jr., who
is designated by his father to become
the chief heir not only to his fortune,
but to his many charitable and artistic
activities.
Provides for Every Contingency.
AS to the document itself, it is I'M
usual in many of it's features, and, &C
cording to those two or three intimate
friends who have already had
glimpse of it, it is a portrait of Mr.
Morgan himself, beginning with the
striking confession of his religious
falkland running through all it's 81
articles, duly set forth in the same
logical and orderly fashion which, his
friends say, naked all Mr. Morgan's
mental processes.
He has apparently provided with
painstaking care for every contingency
that might affect his family, or his
banking firm, and to his executors
namely, his son, John Pierpont Nor
gan, Jr.; his two sons-in-law, William
Pierson Hamilton and H. L. Satterlee;
and his friend, Lewis Cass Ledyard,
he gives careful directions under many
clauses as to alternate courses of pro-
cedure.
1t is to be noted also that his grand
son, Junius Spencer Morgan, Jr..
man of only twenty-one, now a student
at Harvard, is repeatedly nominated to
take up important duties in the event
of the death of his father, John Pier
pont Morgan, Jr.
Disposal of Art Treasures.
In this city the question most fire.
quently asked by leading citizens and
learned societies has been that as to
the disposition of Mr. Morgan's won
derful collection of pictures and other
art treasures. Mr. Morgan makes per-
fectly plain what his own hopes on
this point have been, and yet leaves
his son, who is his residuary legatee,
entire freedom in the matter.
The public charitable requests are,
as was predicted by many of those
conversant with his immense benefac-
lions made during his lifetime, COM
paratively small and are in the direc-
tian of those objects to which Mr..
Morgan's benefactions are already
well known. For instance, in the case
of the great Lying In hospital in New
York, to which years ago Mr.. Morgan
gave over $1,25O,OO0 he uses the fol-
lowing language:
without imposing any duty, trust,
or obligation upon my residuary lega-
tee, I request that he continue SO long
as in his judgment the same shall be
necessary for its support the same as
sistance which I have been in the
habit of giving during my lifetime to
the Society of the Lying In hospital
of the city of New York.
This annual gift here alluded to is
known as having been 100000
1t is worthy of note that the will
was executed as lately as January
last and a codicil was attached on Janu-
airy 6, only the day before Mr.. Nor
gan took leave of America on the trip
abroad from which he never returned