Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1913-05-02

3 itiCu " INT iHSpLue from trust AuHu
created by Mr.. Morgan's father. Ju-
MUS Spencer Morgan, in 1867, and the
will provides that she receive for life
the income Of an annuity trust fund.
so that her total annuity shall be
+ 100000
This provision is in addition to a
/ 100000 fund the income of which
she will enjoy during her lifetime and
the principal Of which she may dispose
of as she sees fit by will.
Thought of Public.
The specific language of the will re
garding the disposition of the great art
I collection is as follows;
article 81 have been greatly in
terested for many years in gathering
my collections u paintings, miniatures.
i porcelains and other works of art, and
1t has been my desire and intention to
make some suitable disposition of
! them or of such portions of them as
might determine which would render
1 them permanently available for the in
struction and pleasure of the Ameri-
can people, Lack Of the necessary
| time to devote to it has as yet pre-
! vented my carrying this purpose into
effect.
Unless I shall accomplish it or
make some disposition of these collec-
tons in my lifetime they will pass to
my son. John Pierbont Morgan. Jr..
or to his sen, Junius Spencer Morgan.
this will whereby I disnose of INV re-
siduary estate.
"Should either my said son or my
said grandson thus succeed to the own
ership of these collections | hope he
will be able in such manner as he shall
think best to make permanent dispo-
sition or from time to time permanent
dispositions of them or Of such portions
of them as he may determine Which
will be a substantial carrying ont Of
the intentions which | have thus cher
ished. It would be agreeable to me to
have the Morgan memorial which
forms portion Of the property of the
Nadsworth athenaoum at Hartford,
Conn, utilized to effeetuate part OF
TINS purpose.
Il 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, MOI
to qualify in any manner or in any de
gree his absolute and unqualified own
ership of said collections should they
pass to him under this will.'
c;s4.no CT ro4l;
s'
Some establishment was expressed
when 1t was learned that Mr.. Morgan
bequeathed nothing TO his sisters. That
feature is explained III article SO of the
will, as follows;
1T is not from any lack of affection
or regard for them that this will con
tains no provision for my sisters-Sa-
rah Spencer Morgan, Mary Lyman
Burns and juliet flerpont Morgan-Dut
only because the property which they
already nave makes the same seem I'M
necessary
To every member of the Corsair club,
composed Of persons who had been en-
tertained aboard MIR, Morgan's yacht,
the Cersair a piece Of silver valued at
$1,000 is bequeathed.
1t is provided in the will that the
pieces of silver shall be selected for
that particular purpose by the trustees.
When Mr. Morgan was on the wit
ness stand in Washington in the mon
ey trust Investigation he made sew
eral assertions rejecting his implicit
confidence in the integrity Of his bust
ness associates. This feeling is reiter.
ated in a section of the will in which
he directs his executors to accept with