"CLOGS TO CLOGS."

Dominion, Volume 6, Issue 1642, 8 January 1913, Page 9

"CLOGS TO CLOGS."

MANCHESTER MERCHANT AND HIS Leavine estate of the .gross value of 'jjieo 5J7 tho late Mr. f lhoro&-31C roinpto 11 Watcrhouso, a prominent Manchester dresa merchant, made* proviso £ his will that his "sons; should prove their 'fitness'to inherit their share estate., The waidile of ;Mr. Waterhouse s property iVtd accumulato until 1927, when it wiU Le divided'between biß three eons and jii3 daughter, Iris MacDougall, subject, .howZr, to'''tho- following stipulation an the or income aridn&thewfrom totdJ&has. nroved'to the satisfaction -of the Pubiic trustee that he -has ~mado discreet use of the other portions oi'my trust estate devised or bequeathed to him under this mv will, -nd of the monies; left;=.tc> him by his grandfather Thom*s 03 I do not wish that any.iportion of my. own savings or' those of my la to father shall benefit any son of mano -who has shown by. his conduct that he is unable to appreciate the use of capital, monies, or estate. And I declare that the decision of tho Public Trustee in this respect shall, bo deemed to. be final' and ; C °The U re IV fs a commonly held superstition in Lancashire called "Clogs to clogs the meaning of which is that one fceneration makes money, the next spendsit, and the tlrirl returns to tho working conditions under whiich tho grandfather made his money..