PIERPOINT MORGAN'S WILL.

Marlborough Express, Volume XLVII, Issue 144, 20 June 1913, Page 2

PIERPOINT MORGAN'S WILL.

£4,000,000 BEQUESTS

£5000 A YEAR FOR PUS BUTLER

NEW YORK, April 22. "I commit my soul into the hands of my Saviour in full confidence that, having redeemed it and washed it in His most precious blood, He will send it faultless before my Heavenly Father. ' And I entr&at my children to maintain and defend, at all hazard andl at any cost of personal sacrifice, the blessed doctrine of complete atonement for sin through the blood Jesus Christ once offered, and through that alone." With these words Mr Pierpont Morgan, the master mind of American finance, prefaced his last will and testament, which disposes of a fortune the approximate amount of which cannot be known for a year or more. His son, Mr John Pierpont Morgan, is the residuary legatee, and the will contains bequests amounting to £4,000,000. ■ This does not include the value of Mr Morgan's art treasures, which are left to his son with the suggestion that he should so dispose of them as to make them permanently available "for the instruction. and pleasure of the American people." During his lifetime Mr Morgan -gave donations to philanthropic, educational, religious, and other institutions, amounting to' something like £15.000,000—a fact that accounts for the comparative insignificance of the bequests to charity contained in his will. He expressed the hope, however, that his son should continue to pay the New New York Lying-in Hospital the amount he himself was accustomed to pay—namely, £20,000 a year. He also left an annuity of £5000 to Dr James W. Markoe and his wife in recognition of their long friendship and of Dr Markoe's devotion of his entire services for many years to the Lying-in Hospital. To the House of Rest for Consumptives he bequeaths £20,000; and to the trustees of the estate and proDeity of the Diocesan Convention of New York £100,000 to create a, trust fund for the ministry of St. George's Protestant Episcopal Church. Another £20,000 is bequeathed to support various mission stations in New York.

£200.000 FOR THE WIDOW

Mr Morgan's son receives, apart from the residuary estate, £600,000. A similar amount goes to each of Mr Morgan's three daughters—Mrs Louisa Satterlee, Mrs Juliet Hamilton, and Miss Anne Tracy Morgan; while his sons-in-law Mr William P. Hamilton and Mr Herbert L. Satterlee—each receive £200,000. To liis wife. Mrs Frances Louisa Tracy 1 Morgan, is bequeathed absolutely ] £200.000 as well as the income from i the trust fund left by the testator's ■ father, which income will be augmented, if neceissary, to yield £20,000 a year. Mrs Morgan also receives the use in her lifetime of the country estate at Cragstan, in Orange County, and the house in Madison Avenue, New York. Among ,the numerous bequests to employees are the following:—Mrs Margaret Henderson., housekeeper, at Prince's Gate, London, £500 per annum; Henry Pendry, butler at Prince's Gate, £500 per annum; Mrfe A. King, housekeeper at Dover House, Roehampton, S.W., £250 per annum; J. F. McLeod, gardener at Roehampton, £250 per annum; Bella )da Costa, librarian, the sum of i £10,000; Ada Thurston, assistant ) librarian. £2000; and Captain W. B. j Porter, sailing master of the yacht ) Corsair, £3000. A year's salary is to be paid to each employee of the firm of J. S. Morgan and Co., London, at the time of the firm's dissolution, and also to each employee of the firm of J. P. Morgan and Co.; .and to each household servant with i not less than, five years' continuous service' who is not specifically men- ; tioned in the will, £200. : The executors of the estate, with •j Mr Morgan's' son, are his sons-in-law : and Mr Lewis Cass Ledyard, one cf Mr Morgan's legal advisers.—Davy J Mail.