Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-02-23
MATTH|ESSEN WILL.
SHOWS ESTATE IS
WORTH I MILLION
Ia SALE MILLIONAIRE GIVES
BULK OF PROPERTY TO DIRECT
HEIRS-s3oO,CcC Is ENDOWED ON
TWO PRIVATE BENEVO.ENCES.

TWO PRIVATE BENEvo-ENcEs.
Contrary to general expectations
thqt the L. ". Matthicssen estate
would run into the forty or liiy mi
lions mark. the petition for letters
tcstamcntary. as signed by the three
Surviving children. shows hat The
property lett By the deceased Ia Sale ,
multi.milliunaro zinc manufacturer
to lie worth $7ocoooo.
The entire estate. with the eAcep
tions OF S$200.0el to La sale endoW'
ments. goes to the three children
son and Two dauehters and the chllo
of deceased daughter, Mrs. Shahd'
lcr No mention Of Deer PARK Niich /
many believed would eventually he
turned over TO either La Salie or me
state as a part OF Starved Rock parN'
is made in the Viii.
Attorney Clarence Griges. counsel
err and intimate friend OF the late MI
Na,thiessen, is the attorney FOR the
estate. and will attend to the pFooa'
lion or the viii and serve as legal 40
visor in settling up the estate.
The win makes a gift OF S20o,ooo 10
',he lIygienic Institute OF La Sale,
! Illinois This amount is IN addition
: IA the endowments provided for the
Institute by Mr.. Matthiessen during
! his lifetime and altogether Will tur-
Z nish an endowment OF substantially
! $500 .oue to the Institute.
The will provides a trust rand ol
800 900 to be administered as
separnte fund. called the #. W. Mat
Il thjessen Fund for Employees This
l money Will not be available Tor
II wear but after that it is to be devot
J ed to the support and relief ana es
> peclallv toward the betterment OF th'
9 sanitary conditions OF persons en-
ployed at the Matthiessen K HegeleI
y Zine company, the Western Cloci
II company, the La Sale Machine 4
81 Tool company, the La Sale 4 Bureau
y County r. r. company and some per
~ sonal employes. That part OF th'
fund to he set aside for ne employe
oi Of the various companies will be ad
'o ministcred by the managers OF eacl
y company but as before stated, non
oi Of the fund will be available unit
~ one year after the death Of Mr. Ma
thiessen
Fc After any indebtedness and g
'S' penses of administration OF ~
eo estate and the two gifts above rete
III red TO are paid, the balance Of II
'ai estate is divided INTO four equal part
en- one Of which goes TO +. ". Matthic
sen. Ir.. son, one to Mrs, Geo.
Blow. a daughter. another to Mrs.
Inv II Natthicssen, a daughter and a
de. other 10 the Merchants Loan x lru
lee company Of Chicago, Illinois. as tru
ian tee for Phillip Matthicssen Chlnc'
,ed lor the only child Of a deceas
hat daughter, Emma. who was the WI
ept oi DR.. Phillip $. Chancellor. II
on. nroyided in the viii that the divlSl
.i,h of the estate shall be left to the thr
ice surviving children Of Mr.. MatthlcsN
above named who will aet as tr'
the ices and executors, Out OF the III
YER going into the hands OF the Mor'
leir ants Loan lfusl COMPANY
re vision is made for an annual nco
The of 1000 to DR.. Chancellor, and
rict Trust company. providing Tor the c'
and education Of Phillip MatthieS'
Chancellor and are to be gnided
the advice of Or. Chancellor, the ia
or OF the ward
-, The win requests the executors
Wv trustees to advise with ana cons
Mr. Geo. =. Blow in the settlement
ma The estate, at an adequate eompel
. a, ton
one The will was executed on the
Gem day oil January i'''' "l'" N"'''N''
the 18th day OF August. 1914,
Mar statement of the provisions OF
Joe sill as above set iorth are lakeh
!. y the combined will and codlcil.
The petition for letters testan
AIRY signed by the children places
mate on the value of the real es
at $3,0e00oo and an estate ON
value OF the personal property,
-EU sisting chiefly of cash stocks, be
etc. at $5,0oo0o0, making an al
gate Of $1,000 GOO.