Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1919-12-11
TRICKS WILL GIVES
AWAY sI17,000,0Oo
Public Benefactions Equal Five
Sixths Of Multi Million
aires's Estate

| New York, Dec. when Henry
Clay Frick, coke and steel pioneer, died
In this city last Tuesday. he left an es-
tate of close to $50, 1000, OOO and willed
/ five sixths of it, or sl17.3oO.0OO in pub
( lie bcnefaction.
The extent Of Mr.. Fricks wealth and
the scope of his phlanthropy--the larg-
est single testamentary benefaction to
public welfare ever made---was disclos-
ed yesterday when Lewis ass Ledyard.
| for years an intimate of Mrs. Frick and
! one Of his executors, issued a summary
| of "one of the most wonderful Wills
/ from the standpoint of its public and
charitable benefactions ever heard of"
To his family, Mrs. Adelaide r. c.
Frick, his son, Childs Fricl, and his
daughter, Miss Helen c. Frick, there
was left the lump sum Of s25,000,000,
which on the face of It. is subject to
a federal inheritance tax of 40 per
cent. Various minor requests were
made to friends and servants, but these
were not announced. The remainder of
the wealth disposed Of by the will, un-
der the terms of the amended federal
statute. will not be subject to inheri-
lance impost.
Virtually all the estate Is in Pennsyl-
vania and New York, but il was said
yesterday the amount of tax collectible
by these States would not be available
until his legal residence has been ad
judged. Several days ago State Con-
troller Eugene NJ Travis, expressed
the opinion that New York would get
only a few thousand dollars in transfer
tax upon the entire fortune.
! The first item of his estate to which
| Mr.. Frick gave attention in his will.
| drawn in June, 1915, was his mansion
! extending from 10th to list street. along
Fifth avenue and reaching back to Madi-
! son avenue. This great building, with its
| rare architecture, the rich furnishings
and the remarkable art collections was
willed to Mrs Frick as a lifetime resi-
dence
/ Upon her death the mansion and all its
contents 20 to the public, as an art GAL
! lery. If Mrs Frick at any time decides
| to abandon the home as one of her places
of residence, she may transfer the struc.
ture and the collections Immediately to
the public.
ART GALLERY VALUED AT $4,000 900
To convey the home and art gallery to
the public welfare. Mr. Frck provided for
| the Incorporation under the New York
state laws of "the Frick collection" pro-
vidinG an endowment fund of SIS. 900 900
for the corporation. This corporation is
| 20 hold and to administer the Frick home
and its art treasures. jointly valued at
Sl3,O0oN0, which. upon establishment is
! to be open to the general public.
I AS trustetes of the projected corporation,
Mr.. Frick named his wife, son and daugh-
ter, and George f. Baker, Jr. J. Horace
Harding, Walker d. Hines, Lewis Cass
| Ledyard. John n. Rockefeller. Jr, and
Horace Havemeye-. Each trustee. ex-
/ cept the members of the family, is 70
i,a, N
( ices
! The will further provided that if for
! any reason it was impra ctcable to in
corporate 1.-THE Frick Collection as
set forth by the will the home. art col
lections, and endowment fund should re-
vert to Miss Frick for her to carry out.
In another section of the will about
$4,000 is left to the daughter to be
expended in general educational or char
table work.
plot of Isl acres in Pttsburg near
the Carnegie Institute of Technology,
was wiled to the city of Pittsburg to
be transformed into a public park Gov
ering the cost of remaking the land and
for the purpose of maintenance, a be-
quest of s2,G0000 was made 70 the city.
! The clause dealing with this specified
that if it should not be feasible for the
J
terms of the bequest the fund and land
should be turned over to the Union Trust
Company of Pittsburg for fulfllment Of
! the park project.
Having thus disposed Of s92, 800 Oo Of
| his estate. Mr.. Frick directed that the
remainder be divided into 100 shares.
According to a statement last night by
Henry c. McEldowney, President Of the
Union Trust Company of Pittsburg. and
an executor. each share is worth $500 600
| These shares. excepting thirteen left to
Miss Prick, were bestowed upon insttu-
tons devoted to the public welfare.
Topping the list is Princeton Univer-
/ sty, which will receive sl5,o0OOo0; Har-
ward University. to which was left S., OOO.-
, O00, and s50Oo,OO0 requests to the Massa-
chusetts Institute of Technology and the
Educational Commission of Pittsburg.
Fifteen institutions will receive $500 900
each, while the Society Of the Lyng-in
Hospital in this city, gets sl,5o0000.