The sun., 1919-08-23
$tS,OOO,OOO TO YALE
In STERLING WILL
All Real Estate and $500, 900
Goes to Miriam Osborn
Memorial Home.
ESTATE OVER $4,000, 900
Bulk of Lawyers Property in
Stocks and Bonds of the
Widest Range.

lhie university VIII receive upward Oh
s1s,ooo,ooo from the estate Of John Will
lam Sterling. member of the law firm of
Sherman & Sterling, according to the
appraisal OF his estate fled yesterday in
the Office of the surrogates' Court.
Mr.. Sterling died suddenly at the age
Of ~ while enjoying a vacation at the
fishing lodge OF Lord Mount Stephen at
Grand Metfs on the Matapedla River.
Quebec, on July 5, 1918. His will nam,
ing his alma mater as residuary legatee
was filed a year ago.
Anthony p Ludden. State Transfer
Tax Appraiser, placed the approximate
value of the entire estate at s20,33e. 2es
and states in his report that an actual
appraisal Of the property was not made.
such step being considered unneces-
sary because of the nature OF the two
major requests OF the Sterling will.
All the real estate OF the dacedent
passes to the Miriam Osborn Memorial
Home Association, Incorporated to found
home for aged gentlewomen in indi-
gent circumstances and for which Mr.
Sterling erected an elaborate building in
the town of Rye.
Inasmuch as requests 10 both Yale
University and the Osborn Memorial
Home are exempt from the inheritance
and transfer tax, record probably will
be established in this case where the
death of a multimillionaire yields so
little to the State of New York. As the
filed appraisal Is only approximate and
| conservative, the actual value of the
decedent's holdings may exceed II by
several millions OF dollars and the share
going to the residuary legatee increased
by the extent of the actual over the
approximate value of the residuary es-
tate.
1t was disclosed by an examination OF
the assets of the estate that Mr. Ster-
ling personally was responsible for the
! outlay of vast sum of money for the
erection OF the Osborn Home. He was
one Of the executors of the estate OF
Charles j. Osborn, head OF the Stock
Exchange Arm Of c. J. Osborn & Co,
and also active executor under the will
! OF his widow. Mrs. Miriam A. Osborn
who left the bulk OF her property for
the founding of the home.
Liberal Gifts to Home.
Unknown even to his intimate friends
Mr.. Sterling bought a large tract OF
land comprising 6Sl acres, and expended
, considerable money in its Improvement
subsequently opening the home in 1905
He was the institutions president and
| active manager. II was his intention
originally 60 leave this home funds for
the erection of two buildings. one In
| memory of Lady Mount Stephen, the
Act uyif. ~ n
| was lifelong friend of Mr.. Sterling. and
another in the memory of the mother
and wife of the late Lord Strathcona
who was also Mr.. Sterling's friend fol-
many years, This provision of the will
! became imperative as he paid owe:
$3.50. 900 for the erection CT each hous,
during his lifetime
| The Osborn Home receives a specific
bequest OF 500. 900. the principal of &
| trust fund created by Mr.. Sterling from
a bequest received by him under a codi
ell 10 the will of Mrs. Osborn. Thi
gift was IN recognition of their lon,
friendship and tribute TO the man,
unobtrusive philanthropies of Mr.
Sterling with which Mrs. Osborn wa
| familier. In his will. the lawyer state
| that ne was una ware of the co5icii q
Mrs. Osborn's will until after her death
The home also receives for its main
tenance designated stocks and bond
valued at 100000.
Two funds OF $4,000 each ar
created by the will for the benent o
| Mr.. Sterling's sisters, Mrs Rufus W
Bunneil and Miss Cordelia Sterling. o
Stamford. Conn. They also receive tn
real estate owned by the decedent II
that city. his birthplace. II is provide
that Miss Sterling may bequeath tn
principal of her trust to any charitie
she may name and II she fails to maxi
such designation the money reverts t
| Yale.
Trust funds of $50, 900 for the bene a
OF three nephews also are created an,
specific requests of various kinds, 4
household servants. business associates
employees of his law Arm, who receive,
the equivalent of six months pay, an,
personal friends total s27,TT5.
Following Mr.. Sterling's death, tn
pictures and household effects Of hi
Rome at s12 Fifth avenue, which h
shared for forty years with James {
Bloss. his most intimate friend, wer
appraised by the, American Art ASsocia
ton and valuation OF $4,000 place
upon them. The greater part OF tn
furniture was new and It was an
nounced by the appraisers that III
art collection OF the decedent containe
no rare paintings. tapestries or curio
or individual great worth Selecte
articles from the collection were sold
December, 1918. Articles OF persons
Jewelry listed are as follows: Emeral
4