The Birmingham age-herald., 1913-04-20


John Pierpont Morgan. Jr, receives an
outright legacy of sS000,0O0. His two mar
ried daughters, respectively Louisa, the
wife of Robert L. Satterlee, and Juliet
the wife of William p. Hamilton, receive
each the income for life from trust 1una
of S3O00,000. Upon the death or these
daughters these funds are to go to thslr
children but each daughter is given pow
er to .'dispose of said sum of 100000 by
will among her issue in such shares or
proportions and on such lawful trusts as
she may think proper" The third daugh-
ter, Miss Annie Tracy Morgan. likewise
receives for life the income from trust
fund of s3,O000o0 and in the event of her
marrying and having heirs the same pro-
visions hold good apply to her elder
sisters In case of her death without
children she may bequeath TO her hus-
band out of the trust fund s1,000000.
Mr.. Morgan's two sons-in-law, William
Pierson Hamilton and Herbert Livingston
Satterlee, receive each an outright lega-
cy of $1,0O0.000. A special provision for
his son. j. p. Morgan, Jr., Is that all my
right title and interest as patron or fel-
low in perpetuity in the Metropolitan Mu-
scum of Art in the city of New York
and in the American Museum of Natural
History in said city, and all similar rights
in other institutions of like character Of
which 1 may die possessed be trans
ferred to him. If his son already possess
such rights, then they are given to the
grandson, Junius. All the foregoing pro-
visions for the wife and children are
made preferential provisions.
Various Relations
Having thus Jared for his immediate
family, Mr.. Morgan proceeds to make pro-
vision for various relatives.
To Jenny Bigelow Tracy (the widow of
his brother-ip-law. Charles Edward Ira
cy). the income for life of trust of
81 100000 the capital upon her death to go
per stripes to the issue of Charles Ed
ward Tracy. And TO his two sisters-in-
law, Clara Tracy Hoppin, and Julia N.
Brown, each the income for life from
trust funds of 100000 each; these funds
to be bequeathed in turn upon their death
to the heirs of these relatives.
Then follows provisions for Lucy Ell
dredge Lee. for Florence M. Rhett, during
many years member of my household,
and for Ethel Banks Wallace Mrs. Lee
and Mrs. Wallace, old family friends, re-
ceive each the income for life of trust
fund of 100000. Miss Rhett receives an
annual income for life of $4,000. Further
personal bequests are as follows: To Mrs.
Mary G. Ilvanine of London, life in
come of $4,000 per annum; TO j. Beavor-
Webb an outright legacy of $3.50, 900.
of Mr.. Morgan's and for many years his
personal physician, is to receive for life
and his wife after him IL she survives him.
an annual income of S25,000 Mr.. Morgan
adds this touching tribute to Dr. Markoe:
II make this provision for the benefit Of
DR.. Marlloe 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 in which I have
been greatly interested"
Miss Bella Da Costa Green, "who has
long been my efficient librarian" re-
ceives an outright legacy of $4,000 Miss
Ada Thurston, assistant librarian, re-
ceives an outright legacy of $4,000 To
Capt. w. b. Porter Commander of the
Corsair), my sailing master, If he shall
be in my employment at the time of my
death. the sum of $4,000 in recognition
of his long and faithful service" is given.
After this there is given Ito Charles w.
King, for many years my private secret
ary, the sum of $4,000 as mark of my
appreciation of faithful service"
Unusual Clause
An unusual clause follows, showing Mr..
Morgans thought for all the people who
have been near him In his daily work.
This clause reads as follows:
'"ro each of the employees at the time
of my death of my firm of ]. p. Morgan q
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 per-
son who shall survive me who was at
the time of the dissolution OF my firm OF
j. s. Morgan g. Co. of London, an em-
ploye thereof, an amount equal to one
years salary of such employe at the time
of such dissolution" The old firm of ].
s. Morgan & Co. was several years ago
succeeded by Morgan, Grenfell & Co.
Mr. Morgan's valet. Edward Phillips, re-
ceives a legacy of $4,000, and various
annuities are provided to other servants
"in recognition of faithful service" Fur
tber, a 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.
employed by me for not less
than hve years then next preceding, other
than those above mentioned, to whom 1
have hereinbefore given iegacis, or an
nuities."
sThe v,,i11 teo,,,en ms 10 the trustees OF the