El Paso herald. (El Paso, Tex.) 1901-1931, 1913-04-21
WILL OF J. P.
MORGAN IS READ
Leaves Each Daughter 3d.
00,O00-SOn Is to
Have the Rest.

soul into the hands of my savior IN
full confidence that having redeemed
it and washed it in His most precious
blood, He will present it faultless ne
| fore the throne of my heavenly
! Father; and I entreat my children to
| maintain and defend, at all hazard,
| and at any cost of personal sacrlIlce,
| the blessed doctrine Of the complete
( aJonement OF sin through the oIoOo OF
/ Jesus Christ, once offered, and
| through that alone"
I This is the extraordinary utterance
/ which begins the last will and tesla
| ment of John PierpOnt Morgan, VINO
! died at Rome on March 81, last whose
/ body, heaped over with flowers from
] the crowned heads of Europe, was a
| fortnight later, brought back to his
| own land, and last Monday was borne
I to It's last resting place at Hartford
The amount of bequests and trusts
! named by specific sums, is under w.
! 100000, but the entire residue Of the
/ estate is left to J. 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.
with PainstaISing Care.
He has apparently provided with
| painstaking care for every contingency
that might affect his family or his
I banking firm, and to his executors, his
son, John Pierpont Morgan, Jr. his two
SOnSiniaW, 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 procedure It IS
to be noted also that his grandson
JuniOus Spencer Morgan, jr., a young
man of only p, now a student at Har-
ward, is repeatedly spoken of to take
up important duties in the event Of the
death of his father, J. PierpOnt Nor
gan, Jr.
His Art Collection.
q have been greatly interested for
many years in gathering my cOllec-
tons of paintings. miniatures, porce-
lains and other works of art, and il
has been my desire and intention to
make some suitable disposition of
them, or Of such portions of them az
I might determine, which would rem
der them permanently established for
the instruction and pleasure Of the
American people, says the will Lack
of the necessary time to devote TO il
has as yet prevented my carrying this
purpose into effect. Unless 1 shall &C
cOmplish it, or make some disposition
o. the collections, in my lifetime, they
will pass to my son. J. P. Morgan, Jr.,
O. to his son. JuniuS Spencer Morgan,
.Jr-. under the foregoing clauses of this
viii, whereby 1 dispose of my residu-
airy estate.
Should either my son or my grand
son thus become owners of these col
lecuOns / hope they will be able to
make a permanent disposition, or from
time to time permanent dispositions Of
them or such portions OF them as may
De determined Wnlcn VIII be a SUD
stantial carrying out of the intentions
which have thus cherished 1t would
be agreeable to me to have the Nor
gon memorial which forms por-
ton of the property of the Wads-
worth Athenaeum at Hartford, Conn.
utilized to effectuate a part of this
purpose I do not, however, by the I
expression of these wishes. intend tot J
impose upon my son, or my grandson.
any duty or obligation, legal or moral, /
nor TO qualify in any manner or in |
qualified ownership OF said collections. }
SHOULD they pass to him under this !
will"
Few Charitable Bequests.
The public charitable requests are.
as was predicted by many OF those /
cOnversant with his immense bene- /
factions made during his lifetime. /
comparatively small and are in the (
direction Of those objects to which Mr.. 1
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 a million and quarter dol
lars. ne uses the following language:
without imposing any duty trust,
that as long as in his judgment the |
same shall be necessary for its sup |
port my son win give the same assis-
tance which 1 have been in the. habit ]
of giving during my lifetime to the
society Of the Lying-in hospital, Of the
city of New York"
The annual gift, here alluded to, IS
known as having been 100000.
VIII of Late Date.
The will was executed as late as
January 4. last, and a codicil was at
taehed on January s. only. the day
before Mr.. HOrgan took leave OF J.
America on the trip abroad.
Article II provides for his burial in I
Cedar Hill cemetery, at Hartford. I
Conn., and that the same simple fu- ]
neral arran gements shall be carried
)Ut as in the case of his father.
Article III directs the payment OF /
lis debts, funeral expenses. etc, and
hen gives to his executors the fol-
Full power and authority to recog-
lize and pay as among such debts
my promise or obligation made by
hough not in such form that the
iolder could compel payment thereof
" my estate, my executors think
roper to be paid in their own judg-
nent. or because from memoranda or
-erbal directions left by me or from !
Their sources. they are satisfied that
would be my wish 10 have paid
Disposition OF Estate.
The disposition of the estate then %
CLOVIS, the first provisions being for r
is own family To his beloved wife,
RANGES Louisa Tracy Morgan" the
1come for life Of a t-ust fund of one
Million dollars with power to dispose
f the trust by VIII. Mr.. Morgan eX-
lains that I give this power to my Il
lie for disposition, in order to enable /
er to make sucn legacies as she may
esire &c her relatives or friends or
Or charity"
Mrs Morgan is already entitled to
he income of a trust fund created by
unius Spencer Morgan (Mr. Morgan's =
1ther), by deed, dated July 1, 1867.
he will provides that she is now TO
eceive for life the income of an ad-
itional trust shall aside from the
lcome of the one million dollar fund.-
mount to 100000 year. Mrs Nor
an also receives during her life |
CragstOn," the Morgan country place
Highland Falls. X Y, and also the /
organ home at No. PIG Madison ave-
ue, New York, together with the
furniture, etc Except fam
y portraits), in both houses.
The Morgan Children. i
The next article of the will is de- !
oted to AR Morgan's children. His n
IN, J. P Morgan, Jr.. receives an
ltright legacy of So, 900, O0O His two
arried daughters. respectively Louisa,
le wife Of Herbert L Satterlee. and |
lliet, the wife of William P. Hamil
n receive each the income for life
ON trust fund of SO, 900. 600. Upon
he death of these daughters. the :
lnds are to go to their children, but
-ch daughter is given power Ito dis
'se Of said sum OF $1,000 600 by will
nOnE her issue n shares 4 -