Putnam patriot., 1929-12-12
HOSPITAL ACCEPTS FINE GIFT
 AS MEMORIAL TO J. M. PAINE
Dr. Albert C.. Paine, Pasadena, Cal, Donor of $30,000 Trust
 Fund
Principal Vests Unrestricted After
 Three Life Estates

A gift of S30.0Oo. In the form of trust fund. the principal Co event. ually vest, unrestricted, in the donee. the Day Kimhall hospital has been received and accepted by the officers of the hospital The donor of this munihcient gift is Dr. Albert G. Paine of 3s2 North Euclid ayeune, Pasa- dcna, California, former Woodstock boy The gift is made as a memorial to nr Paines brother. John NJ. Paine, who died in Woodstock, May 1S 1918.
 This is not Dr. Paine's first gift to the hospital Some three years ago he made donation of s .0o0, which has been set aside as a separate fund by the hospital board.
 The present gift k in the form of a note bearing interest at the rate of six percent payable semi-annually on March lst and September ist. In the instrument creating the trust Dr. Paine states that the gift is made as a memorial of my beloved brother, John Merrick Paine. who departed this life at Woodstock. Conn. May 18th. 1916"
 Conditions of Gift
 The conditions as set forth in tho deed of trust are In substance that five siXths Of all interest aecruing up- on said note shall be paid Co the don- or as and when received by the hos pital turing his lifetime. ffhia leaves one sixth of the interest accruing 10 the hosnital1.
 Upon the death of Dr Paine one hnlf of Hi the interest so aceruinK ia to be paid Co near relative of Dr. Paine and to the wi of that relative during the period of their joint lives. (The hospital therefore receives one half ef he income from the fund at this timel
 Upon the death of either of theso joint henefeiaires the survivor of them Is to receive one quarter of the income accruing from the fund dur ing his or her life. (The hospital re- ceiving the other three quartersl.
 Upon the death of tke last surviv- ing life. term beneficiary of the trust fund the inHtrum ea. Fets forth; The gift shall become wholly and entirely Che property of the Day kimball hos- pitaI. free from restriction of any kind".
 It Is fur her provided that 'said hospital will suitably recognize this gift upon it's records as a memorial to Mr. John M Paine and will name a room in said hospital, or some addi- tional building, to pertetuate his mem ory',
 Shall Reinvest
 The concluding paragraph in the ins rumeat directs that "upon con- version of said note into cash. the fund arising fherefrom shall stand in place of said note. and said hospital, without delay, shall invest in somo income producing securities yielding as high rate of income as is com patablc with safety, under the laws of Connecticut re atnR to the invest mcnt of trust funds, and will disburse such interest or income as and when received as above provided for the distribution Of the interest aecruing on said note.
 The instrument is dated and accep- ed as of November 30th. 1929.
 Although he has been in California for many years Dr. Paine has never lost his interest in WoOAstoek and eastern Windham county. He is d sub scriber 10 the Putnam Patriot and is thus able to keep In touch with the current events 0. his former home. This evidence of interest was mani- tested last April when the dedication of the new pipe organ in the Easb Woodstock Congregational church took place. It was then disclosed that it was gift of $2.500 from Dr. Paine that completed the fund and made the purchase of the organ pos sible. This gift was made in memory of his son. Dr. John C. Paine.
 Born in Woodstoek
 Dr. Paine was born in Woodstock eighty-one years ago. son of Mir. and Mrs John Paine. He attended Wood stock. Dudley and Williston aeadem- ies and then entered Amherst After his graduation he attended the med ical school at New York University and shortly after receiving his M. D. degree located in Chicago. After be- ing in practice in Chicago for ap- proximatelv twenty-five years he re- moved to Pasadena where he has since resided.
 Mrs. W J. Bartlett and her dauRh-