New-York tribune., 1922-09-28
F'Iagler. Estate
2 Million, Not
20, as Thought
One-HaIf. Goes TO Three
Great New York Hospi-
tails i'm Memory of Second
Wife; 3d Gets Trust Fund
Nothing for DIR. Grant
Bcquest of 500, 900 for Rec
tor of Church Of Ascen-
sion is Revoked i'm Codicil

John II. Flagler, capitalist and
founder Of the National Tube Com
pany, now a part of the United States
Steel Corporation, who died on Sep
tember at Greenwich. Conn, did not
leave an estate OF $20,000,000 or $780,
100000, as it was estimated at the time
Of his death. Instead his estate will
have q net value not IN excess of ST.
000,000 according to II statement by
the Bankers Trust Company, sole ex-
ecutor under Mr.. Flagier's will.
Mr.. Flagler's win was filed in the
Surrogates' Court yesterday. 1t pro
vislad that one-half Of his estate go to
the Alice Mandclick Flagler Founda-
ton if it be incorporated before he
died; if not, that this portion Of the
estate be divided among st. Luke's Hos
pital, New York Hospital and Presby-
tcrian Hospital. Mrs. Alice Mandelici;
Flagler, for whom the proposed fousi-
dation was to be named was the second
wife Of Mr. Flagler. The foundation
has never been incorporated, so that
the one-half Of the estate intended for
that corporation will go to the three
hospitals mentioned as contingent ltga-
tees, in memory Of the second Mrs
Flagler.
Trust Fund for Widow
Mr. Flagler, in 1921, at the age of
eighty-three, took as his third wife Miss
Beatrice Frances Wennecker, Dutch
painter Of water colors. He executed
his will in April, 1921, ard in the fol-
lowing December added codicl In
the will Mr.. Flagler Dequeathcd to his
widow, Mrs. Beatrice f. Flagler, who
lives at Is Park Avenue, $4,000 and
the life income from trust fund Of
100000. This trust fund he increased
In his codcil to 100000. 1t is pro
vided that at the death of Mrs. Flagler
the principal Of the trust shall be ap
piled to the purposes of the Alice
Mandelick Fiagler Foundation. 1t was
stated, however, by the Bankers Trust
Company that further provision was
made for Mrs. Flagler by her husband
outside of his will, similar provision
being made for an invalid daughter Of
the decedent, for whose benefit certain
trusts were created.
Mr. Flagler bequeatned $4,000 to
the Rev. Percy StickDey Grant and
$4,000 to the Church of the Ascen-
sion, of which Mr.. Grant is rector,
both bequests being in memory of the
testator's wife, Mrs. Alice Mandelick
Tlagier, In his codicil Mr. Flagler re-
voked both these bequests without Civ
ing any reason for such action
A woman who answered The tele-
phone at Dr.. Grants home last night
said there was mo reason whatever"
for the revocation of the baquests TO
DIR. Grant and the Churcn of the AS
cension.. She hung up the receiver
when her identity was asked.
Other Substantial Bequests.
Other provisions in the Flagler Wall
are trust funds of 100000 and $50 ,0@'
for Mrs. Herman Stump and Gertrude
Swindell, sister and niece respectively
of the testator; $4,000 outright to his
secretary, May c. Smith, who also is to
receive the income from $40, 900 trust
fund; $4,000 to the st. Cecilia Club:
an income Of S100 month to Harvey
r. Flaglcr, brother, and smaller be-
quests to other relatives and friends.
Mrs. Ann Hardin Hickey, a daugh-
ter, is to receive the income for life
from 100000, and the Mount Auburn
Association Of Mount Auburn, Mass,
receives $500.
Whatever remains from the one-half
of the estate not given to the three
hospitals mentioned above, after pay
ment of the foregoing bequests, is to
be turned over TO William Nelson