Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-04-24

to his executors, who are his son. John
Pierpont Morgan. Jr., his two sons.in-law.
William Pierson Hamilton and II. L. Sat.
%torlee, and his friend, Lewis Cass Led
yard, he gives careful directions under
many clauses as to alternative courses of
procedure.
DISPOSAL OF TREASURES.
II is to be noted also that his grandson,
Junius Spencer Morgan, Jr., now q year
old and a student at Harvard. Is repeat
eddy nominated to take up important duties
in the event of the death of his father,
John ricrpont Morgan. Jr.
In this city the question most frequent
ly asked by leading citizens and learned
societies has been that as to the DISPOSE
ton /of Mr.. Morgan's wonderful collection
of pictures and other art treasures.
Mr.. Morgan makes perfectly plain what
his own hopes on this point have been. and
yet leaves his son. who is his residuary
%logatee, entire freedom in the matter. us.
ing the following significant language:
II have been greatly Interested for many
years in gathering my collection of paint
ings. miniatures, porcclains and other
works of art, and it had been my desire
N''' ~ " llNhf Nilll' SUlldDlp ulS-
position Of them or of such portions of
them MS I might determine. which would
render them permanently available for the
instruction and pleasure of the American
people. Lack Of the necessary time TO
devote TO 1t has rs vet prevented my car
ryinE this purpose into effect.
Unless | shall accomplish IT. or make
somr disposition Of these collections in my
lifetime, they will pass to my son, John
I1erpont Morgan, Jr., or to his son. .Junius
spencer Morgan, Jr., under the foregoing
clauses Of this will whereby | dispose of
my rcsiduary estate.
should either my said son or my said
grandson thus succeed to the ownership
of these collections. | hope he will be
abe IN such manner as he shall think best.
10 make n permanent disposition. or from
ume TO time permanent dispositions. of
them or Of such portions Of them rs he
may determine, which will be n substan.
tial carrying ont Of the intentions which
! have thus cherished.
1T would be agreeable to me to have
the Morgan Memorial which forms a
portion of the property of the Wadsworth
Atheneum at Hartford. Conn, utilized to
enectuate n part of this purpose.
u do not, however, by the expression of
these wishes intend to impose upon my
said son, or my said grandson, any duty
or obligation. legal or moral, nor 10 quail.
~ in any manner o. in any degree. his
absolute and unqualified ownership Of said
collections, should they pass 20 him under
this will
PUBLIC CHARITABLE REQUESTS.
The public charitable requests are, as
was predicted by many Of those conversant
with his immense benefactions made In
his lifetime, comparatively small, and are
in the direction of those objects to which
Mr.. Morgan's benGtactions 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 more than
sl,25O,000, he uses the following language
without imposing any duty. trust or
obligation upon my residuary legatee. re-
quest that he continue, so long as in his
judgment the same shall be necessary for
It's support, the same assistance which /
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 500, 900.
1t is worthy of note that the will was
executed as late as January 4 last, and
n codicil was attached January 8, the day
before Mr.. Morgan took leave of America
on the trip abroad from which he never
returned.
When he was on the witness stand In
Washington a few weeks before his death,
Mr.. Morgan made several expressions in
~dicating his confidence in his business
partners. This feeling Is apparently re-
iterated In articles In the will.
TT has frequently happened that BE-
%curit!cs, real estate and other property be-
longing to or connected with my business
firm Of j. l.. Morgan 4 Co., and my former
drm Of J. s. Morgan & Co, have been
taken or stood In my name. therefore
direct and empower my said executors and
trustees to assign, convey and transfer
to said firms respectively, or to their
respective nominee or nominees, any SC.
c%urities, real estate or property standing
in my name which all my partners of said
firms respectively me surviving shall unite
in declaring in writing to be the property
of or connected with the business OF said
firms respectively, and l also direct my
said executors and trustees to accept, with
out question, as evidence of my interest
In either Of said firms, and of the bust.
ness profits and assets OF the same, such
written statements thereof as may be
made to them from time to time by my
said surviving partners"
GIVES WIDEST LATITUDE.
10 his EXECUTORS Mr. Morpan pivaa tho