The New York herald., 1922-06-30
VIM. R0CKEFELLER'S
MILLIONS TO FAMILY
Continued from First Page.

ments and all other articles belonging
to any stable or garage owned and oc-
cupied By me to have and to hold the
same during her life.
THIRD.
II direct my executors as soon after
my decease as may be practicable to
set apart out Of my estate specific in
come gearing property, real or per-
sonal, Of the reasonable value In their
Judgment, of eight million dollars (S8,-
000, ,000).
II give devise and bequeath to my
trustees hereinafter named fer the ben
efiit of my said wife, the whole of the
property so set apart, together With the
following property:
1. My city residence. No. $50 Fifth
avenue, and my stables at Nos. 3S and
40 West Fifty fifth street. New York.
2. My country residence near Tar
rytown, N. Y, known as lockwood
Hail. together with the land con-
nected herewith originally purchased
from the Aspinwall estate, containing
| about 500 acres and also the land
purchased from the estate of Jane G.
Phelps and so much of the land pur-
chased from the Kingsland estate as
she may designate.
8. My Adirondack camp and prop
erty at Bay Pond. Franklin county,
I New York, comprising about $1,000
acres. not including. however. the
sepel ate tract known as the De Bar
Mountain tract.
A. My cottage on Jekyl Island, Ca,
including my membership in the Jekyl
Island Club.
During the life of my grandchild.
Gladys Rockefeller, to apply the net
income of each share set apart for the
lineal descendant of any deceased child
OF mine to the use of such persons as
shall from time to time constitute the
children and lineal descendants of de-
ceased children Of such deceased child
of mine in equal share. per stripes and
not per capita, accommodating the income
on application to the use of any infant
beneficiary during his minority; so far
as 1t may not in the judgment of my
| trustees be necessary for his maintCn-
ance and education and upon the death
| OF my said grandchild, to convey, trans
fer and pay over the principal of each
such share to the lineal descendants
| for whom 1t is then held, In equal
shares. per stripes and not per capita {;
or upon the prior death of all the lineal
descendants for whom such share Is
held in trust, to my lineal descendants.
| then surviving, in equal shares, per
stripes and not per capita.
! This paragraph is repeated In making
provision for the shares set apart for
| Mr. Rockefeller's sons and daughters.
EARLY Division Is Urged.
The fifth article in the document pro-
vides for the division of the residuary
| estate as soon after Mr.. Rockefeller's s
| death las may be practicable" Into as
many equal parts as he leaves surviving
children and lineal descendants of any
| deceased child. one share to go to each
child and one share to the lineal de-
scendant.
These shares are to be left in trust.
with similar stipulations for the use OF
the net income as affecting the heirs as
already cited in the article concerning
Gladys Rockefeller. All shares. except
the absolute gift of three-fourths of a
share to Percy A. Rockefeller. are to
be set apart in trust and administered
by the trustees.
In case the trustees at any time be-
lieve that the income of any beneficiary
is excessive Mr. Rockefeller authorized
them ''in their absolute and uncontrolled
discretion to apply so much of the sur
plus income as they may think best" to
his lineal descendants in such shares
and proportions whether equal or un-
equal" as they deem advisable.
Mr.. Rockefeller authorized the ex-
ecutors to compromise and adjust or
submit to arbitration any claims that
may at any time be made against or
in favor of the estate.
Wide Powers of Executors.
The executors may SELL lease, i'm
prove, exchange or partition all or any
part of the real estate under their care.
and they receive full power and
authority in their discretion" to hold
and retain any property due them from
investments. or to sell, lease and ex-
change all or any part, with the priv
ilege of reinvestment II they so choose.
After designating his executors and
trustees he directs that each executor
and trustee, except n trust company,
be allowed 100000 "in lieu OF the COM
mission allowed by law In respect to the
principal of my estate and also OF the
trusts created by this my will"
1T is my wish" the document con-
tinues. that so far as income Is con-
cerned my said friend (Mr. Garver)
shall accept, for receiving and paying
out the same, such commission thereon
In lieu OF commissions allowed by law.
as my other trustees may deem fair
and reasonable"
The two concluding articles OF the
will authorize the trustees to designate
a trust company 'in New York or else
where" to act as custodian Of the prop
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