New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
continuance Of said trusts be nine /,
number.
Majority Rute prov,aaa

Majority Rule Provided
Any writing signed by said trustees,
or majority of them, shall be conclu-
sive evidence Of such appointment. All
acts Of said trustees ahall be valid if
authorised by majority Of the trus-
tees in ONCE at the time, with like force
and effect as if all had Joined therein.
Il am conscious chat in asking their
acceptance Of these trusts for carrying
out my wishes for the formation and
organization of The Frick Collection
am imposing upon these gentlemen
duty which may prove very burden
some, and my only justification for
asking this service at their hands is
found in my belief that they will under
take 1t because it is q public service.
While fully appreciate the fact that
they would not be willing to accept for
such service the usual legal compen-
satlon OF trustees, nevertheless | beg
that each Of these trustees, other than
the members of my family, whether
named herein or hereinafter appointed
TO NIL vacancies as above provided, will
accept as an expression of my graft
tude for his aid in carrying out a pur-
pose which I have long cherished and
wnicn Is very dear to me. the sum Of
nifty thousand dollars, which l hereby
Institution To BE Permanent
1T is my desire and purpose through
the provisions Of this article of my
will to found an institution which shall
be permanent in character and which
shall! encourage and develop the study
OF the. fine arts and which shall pro-
mote the general knowledge of kindred
subjects among the public at large.
'Ihe devise and gifts made by this
article to the said corporation herein
directed to be formed and to be known
az The Prick Collection are subject
only to the condition that the said
gallery of art shall at all times sub
sequent to the termination Of the estate
my wife in and by the first section of
this article Of my will, be maintained
under the name which l have directed
to be given to said corporation, and
in and upon the premises mentioned in
this article, and it is my will that
such of my paintings and other works
Of art as herein bequeathed to it shall
at all times be there preserved and
maintained.
To Daughter in Event of Failure
'In the event that for any reason
the devise and gifts in this article
made to the said corporation to be
known as The Frick Collection shall
fail to take effect, then and in such
event l give, devise and bequeath unto
my daughter, Helen C.. Prick, and her
heirs forever all the property, real and
personal hereinbefore devised or be-
queathed to or for the benefit of said
corporation.
$2,000,000 to Maintain Park
Mr.. Tricks gift of 151 acres 81
land for park in Pittsburgh provides
that it shall be the duty Of the city
to maintain and improve this park
Trust Company of Pittsburgh, as
trustee, the city of Pittsburgh fails to
perform this duty, the Union Trust
Company is left $2'oo0,0oo in trust for
maintenance Of the park, and Che in
come is to be given to the proper
municipal authorities each year.
Mr.. Frick directed that all inherit
ance, legacy, succession or similar taxes
that shall become payable to the Fed
eral government or any state govern
ments in respect to the property pass
ing under his will, shall be paid out
of the capital of his residuary estate
Mr.. Ledyard said yesterday he did not
have the faintest idea of the amount
of inheritance tax for which the estate
would be liable.
Mr.. McEldowney and Mr. Smith are
bequeathed $250,O00 to be paid upon
the final settlement Of the estate, in
lieu of all other compensation as ex-
ecutors.
Power to Sell or Exchange
Mr.. Prick gave his executors full
power to sell or exchange any of his
property except that specifically be-
queathed. He made this recommended
ton:
"1f, however, at the time of my death,
shall own any of the capital stock of
the Faraday Coal and Coke Company
or of the St. Paul Coal Company, /
recommend to my executors that these
not be sold, and it would be my prefer
ence that they be allotted as equitably
as may be among the shares into which
my residuary estate is directed to be
divided"
The executors are directed not to
file an inventory of the personal estate