Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-04-06
MRS. o. s. CHAMBERLAIN e.
TAsLIsHEs TRUST FUND OF
HALF MILLION.
WILL BENEFIT LARGE
NUMBER EACH YEAR
Thirty-Five or Moro Graduates OF
Iowa Colleges May Enter Columbia
University Annually Thru Bene-
faetion-Mrs. Chamberlain Cuts on
Relatives and Leaves Entire Estate.


mately thirty-ave graduates of Iowa
universities and accredited colleges
may enter Columbia University an
nually under the terms of n trust es-
tablished by Mrs. d. s. Chamberlain
who died in New York a month ago
BY reason of a $4,000 trust fund,
administered by the New York Trust
Company, Mrs. Chamberlain has es-
tablished what will be known as the
LYDIA <. Roberts" graduate scholar
ship in Columbia University.
In establishing this trust fund be-
fore her death, Mrs. Chamberlain cut
off eight brothers and sisters from
sharing in her estate. They are scat
tered in several states Of the union.
Mrs. Chamberlain is a native OF
Iowa. She was born and reared IN
Jefferson, Greene county. Her IA
Their was Thomas c. Roberts. a pio-
neer of Iowa, and it is in her maiden
name that the trust and scholarship
fund will stand.
Whole Estate Included.
George W. Gray, of the Iowa Loan
and Trust Company, Des Moines'
was advised yesterday Of the trust
fund. He says that under its terms
all Of Mrs. Chamberiain's estate was
merged into a trust fund some
months ago. The understanding at
that time was that Mrs. Chamber
lain was to receive the annual in
come from the trust fund until her
death. Then the scholarship clause
was TO take effect.
The scholarship trust agreement
provides that only native white stu
dents, graduates OF any Iowa univer-
sity or accredited college may obtain
Columbia graduate feliowships. They
will receive $3.50 annually while at
Columbia, and il deemed necessary
this may be raised to $3.50 annually.
but no higher. This would give ap-
proximateIy thirty-five students an
ooportunity to obtain Columbia grad
uate feIiowships.
"Only such graduates born in Iowa
of white extraction, such as are seri-
Gus of purpose. mind and intent may
be selected by the trust fund admin
lstrators," read the advice received
by Mr. Gray yesterday. What cash
Mrs. Chamberlain had on hand when
she died, was willed to the trust fund.
Provision is made for one brother.
who is in a sanatorium. This broth
er was always under the care OF Mrs.
Chamberlain. He does not share In
her estate however.
Owned Chamberlain Hotel.
Mrs. Chamberlain was divorced
some time ago from D. S. Chamber
lain, medicine manufacturer. Since
obtaining her divorce she sold the
Hotel Chamberlain. receiving s41O,-
600 for the property. Mr.. Gray acted
for Mrs. Chamberlain in this matter
He was instructed to accept nothing
but a certified check or New York
draft. No securities would be accept
ed by Mrs. Chamberlain at that time.
Mr.. Gray. acting under her instruc-
tons, obtained the draft and con-
Yeyed it to his principal.
Mrs. Chamberlain had Travelled
widely and was something of stu
dent of art. She was never forsetful
of Iowa as her place Of nativity. Mr..
Gray declares that her fondnsss for
Iowa is expressed in her trust fund
deed, which sets forth that none but
natives Of Iowa may benefit by her
scholarships. She was IS years old
at the time Of her death.
At outs With klnsnen.
MIR. Roberts, The father. died In
1912. In 1916 he established tam
merry business In Des Moines, lator
moving to farm in Jackson town.
ship, Greene county. He was of pio-
neer type. and owned $50 acres Of
farm land at his death. Mrs. Cham
berlain was not in accord with her
brothers and sisters, altho shs paid
many visits during the later years OF
her life to her former home In Green
county.
Mr.. Gray says the New York Trust
Company and the trustees OF Column
bia University will no doubt advise
Iowa university and college students
in the near future Of the steps nee
essary in order to obtain a Lydia c.
Roberts Fellowship.