The citizen. (Honesdale, Pa.) 1908-1914, May 06, 1913, Page PAGE THREE, Image 3

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    THE CITIZEN, TUESDAY, MAY 6, 1913.
PAGE THREE
H MORGAN'S WILL IS INTERESTING
10 UNUSUAL IN MANY RESPECTS
j: Opens With a Declaration
of Faith In Redemption
Through Blood of Christ.
T i i i I i A t t I l i I i I 1 i i 1 1 I 1 ' i 1 I 1'
REMARKABLE OPENING DEC
LARATION OF J. P. MOR
GAN'S WILL.
Tlio first section of Mr. Mor
gan's will revealed to tlio public 3.
a side of his character which has T
not been generally realized, ex
cept by intimate friends, who
knew him to be an intensely re- J.
ligious man.
4. "I commit my soul," he wrote,
T "into the hands of my Saviour
In full confldoneo that, hnvlncr
redeemed It and washed It In
his most precious blood, ho will
present it faultless beforo the
throne of my Heavenly Father,
nnd I entreat my children to
maintain and defend, nt nil haz
ard and nt any cost of personal
sacrifice, tlio blessed doctrine of
the complete atonement for sin
through the blood of Jesus
Christ, once offered, and through 3
that alone.'
f t f T T
THE will of the late J. P. Mor
gan, which recently was filed
for probate In New York, is
a remarkable and lntorestlnc
document in several respects. It be
gins rith a declaration of the great
financier's faith in redemption through
Christ, revealing a sido of his nature
known to none but his Intimate friends.
By Verbal short rnfn It mnl. ivi.
juuais umuunwiig 10 millions, ana vet
ii iu uir mills at an answer 10 tno
("1 1 1 ni-1 1 Ti nn ff,,.,a .1.. .. , 1 .1 imrl. a
was the extent of the Morgan fortune?"
The will was made Jan. 4. inin. A
.uun.n ui jiu Kieat signmcance was
nunea Jan. (i. The followinc dav Mr.
Morcra
o v., i . iu a i;
In providing mothodlcallv and Inv.
isuiy lor ms wire, nis cjwurcn. rcla-
unit uiu iuuiuuu muiiov inaniio
Art Works to Son.
The wonderful Morgan collections
...... i "n"i 'Lin., ji..
iuu cuiiiiiuus uru ucuueaincu io ino
uimu iuu lunuciion is concerneu, tno
vish is expressed that the new head
Miiiir iiicnnuirinn no nin rnthna im.v
le lived to carry through his plans.
rtlsMo nnl flnntiolnl Itifnfnafa p !.!
ather Is J. P. Morgan, Jr., the chief
elr.
Tho executors and trustees of the
tuu u, x. iUULllIl, dr.. WllUUm
iwouu iiiiiuiiuiii ana nerDert 1m sat-
via vjih ijiKivurii.
The disposition of tho vast Morgan
ortuno can bo summed up briefly as
nd bequests appear being the same
s that of tho will:
Mrs. Francos Loul9o Tracy Morgan, the
mow a trust runa or 51,000,000, to bo dls-
ncimtlonnl Income of at least $100,000
cw Tork.
John Plerpont Morgan, Jr., son $3,000,
0 outright, the residuary estate, tho great
i Luimuuuns mm uio iiurary.
Mrs. Louisa Satterloo and Mrs. Juliet
amilton. daughters Income for llfo from
ust funds of $3,000,000 each.
Miss Annie Tracy Morgan, daughter
icomo from trust fund of $3,000,000, a
ind if she marries and ho survives her.
William Plerson Hamilton and Herbert
r. Morgan's brother-in-law Incomo for
e on n.uuo.ooo. capital to go to her heirs.
.D'in-mn JJIUUJIIU X1U1I1 irUHL 1UI1U UL
tO.000 each, capital to heirs,
Tm T.nnV TM1rflrrrt T. nrA Mm TTWli 1
ings Wallace, old family friends In-
iiiu iui iuu ij-uui irusi. lunua ox tiuu.uuu
ch.
;mber of tho Morgan household Annual
hi innnmn nr 11 inki Tnp lira
r, Beavor-Webb $250,000 outright.
Jr. James W. Markoe, family physician
2,000 a year for life, to be paid after
aeain to wire,
Bequests to Employees.
trlght.
rfn Thnratnn neafatnnf llt.ilnn Mft
outright.
uijuim v. u, x-oner, commanaer oi
i uorsnir ud.uuu ouiricrhT.
uuriea . xving, secretary jj.iw oui-ht.
.uipiuycca ui ine jirm oi J, i'. juorgan
Co.. New York, and those nmnlnveil hv
S. Morgan & Co. of London when that
was dissolved Ono year's salary
h.
.uwara i-nunps, vaiet $15,000 outright,
ervants employed In various households
nve years $1,000 each.
or me support or we ministry or nt.
urge's church, New Tork Trust fund
$500,000.
or uie estaDiisnment ana support or
a blanket Instruction to the trustees
executors to "continue cavments
Ich I have been in the habit of mak-
Relatives, Friends and Em
ployees Provided For Me
thodically and Lavishly.
-x-
Ing regularly to any person or persons for
their aid or support."
It had been predicted the public
charitable bequests would bo small,
nnd tho prediction proves true. Mr.
Morgan merely requested that his sou
continue to quote ono Instance, which
is typical "so long as in his Judgment
tho same shall bo necessary for its
support, the same assistance which X
have been in tho habit of giving dur
ing my Ufotimo to the Society of tho
Lying In Ilospitnl of the City of New
York."
Tlio annual gift to which Mr. Mor
gan referred is known to hnve been
$100,000.
Mr. Morgan's widow nlrendy is en
titled to tho incomo from n trust fund
created by Mr. Morgan's father, Ju
nius Spencer Morgan, in 1807, nnd tho
will provides that she receive for life
the incomo of nn annuity trust fund,
so that her total annuity shall bo
$100,000.
This provision Is In addition to a
?1,000,000 fund, tho income of which
she will enjoy during her llfctlmo and
the principal of which sho may dispose
of as she sees fit by will.
Thought of Public.
Tho specific language of tho will re
garding the disposition of tho great nrt
collection is as follows:
"Article 32. I have been greatly in
terested for many years in gathering
my collections of paintings, miniatures,
porcelains and other works of nrt, and
it has been my desire nnd Intention to
make some suitable disposition of
them or of such portions of them as I
might determine which would render
them permanently available for the In
struction nnd plensure of tho Ameri
can people. Lack of tho necessary
time to devote to it has as yot pro
vented my carrying this purpose into
effect.
"Unless I shall accomplish It or
make some disposition of these collec
tions in my lifetime they will pass to
my son, John Plerpont Morgnn, Jr.,
or to his son, Junius Spencer Morgan,
Jr., under the foregoing clnuses of
this will whereby I dispose of my re
siduary estate.
"Should either my said son or my
said grandson thus succeed to the own
ership of these collections I hope ho
will bo ablo in such manner ns ho shall
think best to make n permanent dispo
sition or from time to time permanent
dispositions of them or of such portions
of them as he may determine, which
will bo a substantial cnrrylng out of
tho intentions which I have thus cher
ished. It would be agreeable to mo to
havo 'the Morgan memorial,' which
forms a portion of the property of the
Wadsworth athenaeum at Ilartford,
Conn., utilized to effectuate a part of
this purpose.
"I do not, however, by tho expression
of these wishes intend to impose upon
my said son or my said grandson any
duty or obligation, legal or. moral, nor
to qualify in any manner or in any de
gree his nbsolute and unqualified own
ership of said ' collections should they
pnss to him under this will."
Sisters Get Nothing.
Some astonishment was expressed
when it was learned thnt Mr. Morgan
bequeathed nothing to his sisters. That
feature Is explained in article 30 of tho
will, as follows:
"It is not from any lack of affection
or regard for them that this will con
tains no provision for my sisters Sa
rah Spencer Morgan, Mary Lyman
Burns and Juliet Plerpont Morgnn but
only because tho property which they
already havo makes tho samo seem un
necessary." To every member of tho Corsair club,
composed of persons who had been en
tertained nboard Mr, Morgan's yacht,
tho Corsair, a pleco of silver valued at
$1,000 is bequeathed.
It is provided in tho will thnt tho
pieces of silver shall bo selected for
that particular purposo by tho trustees.
When Mr. Morgan was on the wit
ness stand in "Washington in tho "mon
ey trust" Investigation ho mado sev
eral assertions reflecting his implicit
confidence in tho integrity of his busi
ness nssocintes. This feeling is reiter
ated in a section of tho will In which
ho directs his executors to accept with
out hesitation any statements concern
ing his interests thnt may bo mado by
his surviving partners.
Provisions for servants or caretakers
employed at Mr. Morgan's properties
abroad are thus set forth In article 23
of tho will:
"I glvo nnd bequeath tho following
nnnuitics in recognition of faithful
servlco:
"To Mrs. Margaret Henderson, my
housekeeper nt Princes Gate, London,
500 per annum.
"To lTonry Tendry, my butler at
Princes Gate, London, 250 per an
num. "To Mrs. A. King, my housekeeper
nt Dover House, Hoehnmpton, 250
per annum.
"To J. F. McLood, my gardener at
Dover House, Itoehnmpton, 250 per
annum,
"I direct ray executors nnd trustees to
set apart from my estate such separate
sums as they shall In their discretion
determine to be sufficient, under all
probable contingencies, to yield n net
annual income equal to the amounts
of said annuities respectively, and I
glvo nnd bequeath each of said sums
unto my executors and trustees In
trust to collect and receive tho Incomo
thereof nnd out of tho samo to pay
said annuities respectively unto tho
severnl respective annuitants, in equal
quarterly Installments during their res
pective lives."
Provision Is mndo that, in lieu of
setting apart these funds, J. P. Mor
gan. Jr., or his son may glvo bond to
insure payments.
Remembered Obligations.
In article 2 of the will Mr. Morgan
gave directions for his funeral and the
Interment of his body. In article 3 ho
urged tho prompt payment of all his
obligations, whether they were repre
sented by documents or by mere verbal
promises. The two nrtlcles In full aro
as follows:.
"Article 2. It is my desire to bo
buried in the family burial place pro
pared by my father in Cedar Hill cem
etery, at Hartford, Conn., nnd I here
by direct that my body be there in
terred on tho west side of tho monu
ment and opposite the plnco where my
father's remains are interred.
"I wish that In all arrangements for
my funeral tho samo general course
bo followed that was adopted ill the
caso of my father, except that tho
servlco shall bo held In St. George's
church In the city of New York, with
tho bishops of New York, Connecticut
and Massachusetts, and tho rector of
St. George's officiating.
"Article 3. I direct thnt nil my debts,
funernl and testamentary charges bo
paid as soon after my decease as con
veniently can bo done, thereby giving
to my executors full power nnd au
thority to recognize nnd pay ns nmong
such debts nny promise or obligation
mado by me, verbally or otherwise,
which, although not in such form that
tho holder could compel payment there
of by my estate, my executors think
proper to be paid in their own Judg
ment or because from memoranda or
verbal directions left by me or from
other sources they are satisfied that
It would be my wish to hnvo paid."
Text of Codicil.
The codicil to tho will merely mnkes
a change In a minor provision, but Is
interesting in showing the great finan
cier's conscientious attention to smnll
obligations nnd details. Its language
is as follows:
"I, John Plerpont Morgan, of tho
city of Now York, having duly execut
ed my last will and testament, bearing
date the 4th day of January, 1013, do
hereby make, publish and declaro this
codicil to my said will:
"I do hereby revoke thp thirteenth
article of my said will whereby I be
queathed n legacy to my friend Mary
G. Mcllvnlne, nnd in lieu thereof I
hereby make tho following provisl6n
for her: I direct Vny executors to set
apart a sum which In their Judgment
shall bo sufficient, under nil probablo
contingencies, to yield a net annual
incomo of twenty-five thousand dollars
($25,000), and I glvo and bequeath such
sum unto my executors nnd trustees
In trust, to collect and receive tho in
como thereof, and to pay over out of
said income the sum of twenty-fivo
thousand dollars ($25,000) per annum,
in equal quarterly installments, unto
my said friend Mnry G. Mcllvalne,
during her natural life.
"I authorize my said executors and
trustees, if In their Judgment tho some
shall seem prudent nnd desirable, in
lieu of setting apart said trust fund,
to nccept tho bond or obligation of my
son, John Plerpont Morgan, Jr., if ho
shall survive me, nnd if not, then the
bond or obligation of my grandson,
Junius Spencer Morgnn, Jr., to pay to
tho said Mary G, Mcllvalne or to my
said executors and trustees for her ac
count the said annual sum of twenty
fivo thousnnd dollars ($25,000) in tho
manner above provided, hereby giving
to my said executors and trustees full
power and authority to determlno
what, if nny, security they shall, re
quire from my said son or my said
grandson for tho performance of such
bond or obligation.
"Except ns above modified by this
codicil, I hereby ratify and confirm my
said will.
"In witness whereof I havo here
unto set ray hand and seal this sixth
day of January, 1013.
"J. PIEItPOXT MORGAN."
DOLL'S SHOE KILLS BABY.
Coloring From Toy Affected the In
fant's Heart.
A tiny red shoo on tho foot of his
first doll caused tho death of Robert,
the six-months-old child of Mr. and
Mrs. S. W. "Wicks of St Paul, Minn.
Poisonous dyo which faded from tho
shoo was Bwallowed by tho Infant,
and without a moment's wnrnlng to
the parents ho expired.
Mr. "Wicks took tho doll lipmo to tho
baby, which gurgled with delight and,
baby-like, put Its tonguo to tho bril
liantly colored shoo,
Mr. nnd Mrs. "Wicks noticed thnt tho
dyo camo off, but tho child showed no
111 effects, nnd they did not consider
tho matter serious. Two days later,
whllo tlio mother was singing to tho
tot, its head suddenly dropped for
ward. A moment later tho baby was
dead. A physician said tho dyo had
I ffectcd the heart.
An Unlucky Day.
"Whllo washing dishes recently Miss
Bello Sams of Pasadena, Cal., dropped
a. soup tureen on her foot, breaking
ono of tho bones. Sho put out an arm
to keep herself from falling nnd
struck tho edge of tho kitchen sink so
violently tho arm waa broken. As sho
oqllapscd In a faint ono of her legs
was twisted under her and broken
when sho fell.
NEW RAILROAD BRDDGES.
Three now bridges aro being erect
ed by tho Erie Railroad company on
its line from Dunmoro to Scranton.
They will replace present bridges
and will be of iron construction.
Tho Honesdalo Improvement
Association has replaced benches in
tho various parks of tho town.
NOTICE OP ADMINISTRATION,
Estate of
W. Francis Decker, M. D., or "William
Francis Decker, Jr., Deceased.
All persons Indebted to said estate
aro notified to make immediate pay
ment to tho undersigned; and those
having claims against said estate are
notified to present them, duly attest
ed, for settlement.
LAURA M. DECKER, Admln'x.
Newfoundland, Wayne county, Pa.
Or to her attorney, Furman Sheppard
Phillips, 707 Betz Bldg., Philadelphia.
EXECUTOR'S NOTICE.
Estate of
MARIA P. KESLER,
Late of Honesdalo.
All persons indebted to said es
tate are notified to make immediate
payment to tho undersigned; and
those having claims against the said
estato are notified to present them
duly attested, for settlement.
FRANK E. SHERWOOD,
MILLARD F. SHERWOOD,
ALONZO T. SEARLE,
Executors.
Honesdale, Pa., March 24, 1913.
B
IDS WANTED.
Tho Commissioners of Wayno
county will receive bids at their of
fice until 12 o'clock, noon, May 6,
1013, for furnishing all materials
and labor to complete the following
abutments, wing walls, bridges, etc.
Bridge No. 1 located In Dyberry
township leading from Bates Mill
to public highway known as tho
Tanner Falls road. Bridge No. 2,
located in Mt. Pleasant township
over Johnson Creek and known as
tho Bryant Bridge Bridge No. 3,
located In Lake township crossing
Middle Creek at Varden, Wayne
county, Pa. Bridge No. 4, located
in Salem township on Five Mile
Creek near Arlington.
Plans can be seen and specifica
tions had at the Commissioners' of
fice. The party to whom contract Is
awarded for any of these bridges
must furnish a sufficient bond to
guarantee satisfactory performance.
Tho Commissioners reserve the
right to reject any and all bids.
Attest:
T. Y. Boyd, Clerk.
JOHN MALE,
EARL ROCKWELL,
NEVILLE HOLGATE,
35el3 Commissioners.
AUDITOR'S NOTICE. Estate of
Maria A. Hulftern,
Late of Preston, deceased.
Tho undersigned an auditor ap
pointed to report distribution of eald
estate, will attend to tho duties of
his appointment, on
Tuesday, May 20, 1013, 2 P. M.,
at his office in the borough of
Honesdale, at which time and place
all claims against said estate must
be presented, or recourse to the fund
for distribution will be lost.
F. P. KIMBLE, Auditor.
Honesdale, April 12, 1013.
31w3.
"New Way" Air-Cooled Gasoline
ENGINES
No Water to freeze. No pipes to burst.
No weather too cold.
No weather too hot.
Less Gasoline. More Power.
Have you seen our Reo delivery truck?
It's a dandy. Better look it over.
REO OVERLAND and FORD AUTOMOBILES.
No hotter cars mndo for anywhere near tho price. Place your
order right now.
Better times coming; help it along.
For sale at bargain prices: Auto Car Runabout, Liberty Brush
Runabout and Mnxwell Runabout.
Get in the swim nnd own a car.
E. W. Gammell
THE DELAWARE AND HUDSON COMPANY
Saratoga Springs
and
Lake George
Ten Days9 Excursion
aturday, August 2, 1913
Arrange Your Vacation Accordingly.
Advertise in THE CITIZEN
ON THESE LINES WE HAVE SUCCEEDED
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HONESDALE
NATIONAL
BANK
Honesdale, Pa.
Interest on all Saving
Accounts.
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Safety of Investment
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We Should Like to Have Your Banking Business.
OPEN SATURDAY EVENINGS FROM 7:30 TO 8:30.
OFFICERS :
HENRY Z. RUSSELL, President, LEWIS A. HOWELL, Cashier,
ANDREW THOMPSON, Vice-President, ALBERT C. LINDSAY, Asst. Cashier.
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