Evening star., 1947-05-01
Hope Didlnond May Go
Into Vault as Trust
For I Grandchildren

The Hope diamond Is likely to 60
into hiding for 20 years. Mrs. Eva
lyn Walsh Mclean, Its late owner,
directed in her will that her jewelry
and the principal Of her estate be
kept In trust until the youngest Of
her grandchildren Cat the time the
will was drawn becomes Is years
old.
That grandchild is Mamie Spears
Reynolds, daughtef Of former Sena-
tor Robert r. Reynolds Of North
Carolina an the late Mrs. Evalyn
Mclean Reynolds. She will be 5
years old next October 4. Twenty
years from that date, the trust win
be distributed among the grand
children. There are now seven
grandchildren, including two born
after the will was made.
Friendship for Reynolds' Use.
Friendship, the big house at Wis-
consin and r streets NV, where
Mr1. Mclean entertained lavishly,
goes to Mr.. Reynolds for his life
ttns use.
Mrs. McLsan's will has not yet
been filed but the law Office Of
Arnold & Fortas, which Is handling
the estate, sent the press memo
randum on its content yesterday.
Filing the will may not take place
for several days.
Mrs. Mclean was the only heir
Of Thomas Walsh, Irish-burn gold
prospector who struck 1t rich in
Colorado. Her children also are
heirs of the estate of her father-in-
law, John r. Mclean, late publisher
of the Cincinnati Enquirer and the
Washington Post. His estate pro-
duces a net income of $4,000 600 a
year.
AS is the case of large estates,
assets will have to be sold for pay
ment of inheritance taxes. Her two
famous jewels, the 44-carat Hope
diamond and the Star Of the East
could be sold only for this reason,
1t was said.
The Hope diamond cost Mrs. Nc
Lean $4,000. The Star of the East
Is said to be more valuable stone.
Mrs. Mclean used to keep them at
Friendship, so she could wear them
any time she wished. Because of
this, 1t was necessary to employ
guards to patrol the property.
The trustees could allow Mamie
and her cousins, Emily and Eyalyn,
to wear the jewelry before Mamie's
25th birthday but it Is more likely
that the famous jewels will spend
the next 20 years in the darkness
OF a s~fe deposit box in a bank
vault. The will directs they be kept
in safe custody"
The grandchildren are In addi-
ton to the little Reynolds girl:
Emily Mclean and Edward B. Nc
Lean III, children of Edward B.
Mclean, jr., and his first wife, the
former Ann Mems, who is now Mrs.
Floyd Rogers; Michael Hartrick Nc
Lean and Ronald Walsh Mclean,
children of Mr.. Mclean and his
present wife; John r. Mclean III
and Evalyn Walsh Mclean, children
Of John r. Mclean II.
Executors are Supreme Court
Justice Frank Murphy and Thur
man Arnold, formerly a justice OF
the Court of Appeals. They are also
trustees. The other trustees are
Msgr. Fulton J. Sheen Of Catholic
University and the Rev. Edmund A.
Walsh, vice president Of George
town University. =
The will provides that Mrs. Nc
Leans two sons, John r. and Ed
ward B. Mclean, will have use of
her personal property, other than
the jewelry, until it is distributed to
the grandchildren. In the event the
property cannot be distributed eff
fectively, all Of it Is to be sold and
the proceeds divided equally among
the grandchildren.
Mrs. Mclean made these other
bequests: $500 to Domenico Gre
scendo, her butler; $500 to C. Grim,
the night watchman at Friendship;
500 a month for life to Ingrid Lag
erquist, her personal maid; $40 a
month to Alice Buggy, nurse to the
Mclean children, and $40 a month
to Maggie Bauer, a maid.
Securities Bring Only S21.
Securities of the estate of the late
Edward B. Mclean, husband of
Mrs. Mclean, brought only $21 at
a public auction held at noon yes
terday by c. G. Sloan Co., Inc, 715
Thirteenth street, NV.
The purchaser, William C. Davis,
1923 Lamont street, NV, refused to
give his reason for desiring the Sc
District Court ordered the
auction at the request of Mr.. Nc ;
Leans executor, William H. Wad- ,
hams, former New York Judge and ,
lawyer. The securi- !,
ties, issued by companies now out
OF business, were sold to close out ,
the estate.