The sun., 1919-06-28

NC otuer mar IN ten years. the partners
having the right TO make full payment
whenever they so desire. There are nu-
merous clauses providing for the sale of
securities by the executors
Seven Institutions Benent.
| There also are the seven beoueats of
100000 each, which were mentioned IN
| the statement Issued by the attorneys for
the estate. These benenciaries are the
american Museum of Natural History,
| New York Orthopsdlc Dispensary and
Hospital. Society of the New York Hos
pitai. Lincoln Hospital and Home,
New York Society for the Prevention OF
Cruelty to Children and ST. Johns Guild
Of the City OF New York.
| Inc requests to Lincoln Hospital and
TO st. Johns Guild are to be added to
the Helen c. Juilliard Funds at those
institutions
| The most important public bequest,
however. in fact one of tho greatest pub
lie bequests ever made, Is that OF the
entire residuary estate which goes to the
establishment OF the Juilliard Musical
Foundation. with the American Museum
OF Natural History and st. Johns Guild
named as contingent legatees.
From the wording OF this bequest II
In apparent that the testator felt that
art could best be promoted by allowing
his survivors free rein In the man.
asement of the gigantic plan.
Bylaws and other details OF carrying
out the great beduest are left to the
Judgment of the men upon whom the
burden OF administration shall fall.
| These men are to be Frederick A. JUL
Hard, the presidents OF the Central Trust
Company and the Guaranty Trust Com
pany OF this city and two other persons
they may select Careful provision IL
made. however, that their selection be
passed upon by the executive committees
| OF the Central and Guaranty Trust
companies. which are among the execu-
tors OF the estate.
VIII Aids Worthy students.
The part Of the will providing for the
| Jutlliard Musical Foundation reads as
| follows:
II do hereby direct and instruct my
said executors and trustees, or such of
them as shall qualify and undertake the
execution OF this my will. and the sur
| vivors or survivor Of them, and their
successors. as soon after my death as
may be practical, and within the life
| time Of my nephew. Frederick A.. JUL
| lard. and my partner Robert westaway.
and the survivor of them, to incorporate
GENERAL 49,, - 49, ZIG
or bv snecis, act a, ~. Ta~t.,a,,,. ~ n,
the State OF New York, a corporation
\ to DO known as the Juilliard Musical
Foundation. which shall have authority
among other such powers as may be
| conferred upon II to take and hold
reinvest ths sama 60 81 1850 ~
| inco,no ,har.,-aaa ~ W.
| orsanizatior uhich .hau ~ ~ n..r"i
scon. !. foiio,'.. 'A w =" ee"'' 81
"A-To ola ,,or,h,, ,,,,ao,, -, ,.,,
! in SECURING comn,.,a 80 odon,'a, =
| musical edycat,on sithsr ~ annrons,a =
| institutiona nov In exi.tenco nr hars-
| after 10 he created - go, arrro-,ta, I.
instructors j., ,S,. o,,n,r,, app hsaS
"R-ro arranes To- and 20 gi,,a ,,J,h
| ou, nroot to 4, n,,,s,.a, s,,srta ,n,,an,.
| corcer+s and ra,,,a,s =, ~ $50. = :,
| nropriate for the educs,ion and In s,-,,c-
| ton ~ Tho general n,,h,,c IN ar ,nu.,ca,
| arts and
Ala ,o- M...o..,,. o
C-(to such extent as It may be law
tully entitled so to do without affecting
the validity OF the trust by this section
| or my VIII created) to aid by gift or
part OF such income at such times and
10 such extent and in such amounts as
| the trustees Of said foundation may In
| their discretion deem proper. the Metro
| pohtan Opera Company In the city Of
Ncw FORK. Tor the purpose or assisting
operas, provided that suitable arrange
| so ,hat such .if,. shar q, No ,,,isn 49,
! "a its n,opets1v nroet
an am. .tst,na ~. oh,ao., .,d The
mowers 20 no eiven 20 s.iJ co-nora,,o,
7 do NOT ,ntend 70 ,,r,,, nv sai6 nrsonI
| tor, ana trustees herein NAMED or s,,cb
| n, thar, as .hau ouauTx and ,,nda-taLo
IN. .,a.,tio,, -, ,h,- ~, nil, az 60
yiyors or survivor OF them and their sue
cessor. or the ,ncornorator, n, said cor
norotion n the LANGUAGE TIM. emnioved
nv ma nor that the charter % he nro-
cnred hy them shall he Iin,i,ed only N
the objects ahove set forth mt that
such charter .hsII rrovide in some forr,
~ isnguaea sor The nower 70 AIRY ont
aome or ali of the objects thus snec,fed
h., me and NAV contain such other
enumerat,on ~ nowers az nv NV said
orecntors and trustens hsreinaf,er
narsd nv .,,ch ~ then,-a. shall ouaIifv
and undertake the execution OF this my
will the survivors or survivor of them
and their .uccessors or the lncorporators
n, sai6 cornoratIon may he deemed
neceasarv or convenient to the proner
,uInlment NJ the nurposes have in view
as herein expressed and as NAV be
az nctioned nv the laws Of the state OF
- -,