£4,000,000 BEQUESTS.

Dominion, Volume 6, Issue 1770, 7 June 1913, Page 6

£4,000,000 BEQUESTS.

WILL OF MR. MORGAN. £500 A YEAR FOR HIS BUTLER. , Now York, April 22. "I commit my soul into tho hands of my Saviour in full confidonca that, havijig redeemed it and washed it in His most precious blood. Ho will send it faultless before my Heavenly Father. And I entreat my children to maintain, and defend, at all hazard and at any cost of personal sacrifice, tho blessed doctrine of complete atonement for sin through tho blood Jesus Christ once ■offered, and through that alone." With these words Mr. Pierpont Morgan, the master mind of American finance, prefaced bis last will and testament, which disposes of a fortune tho approximate amount of which cannot be known for a year or moro. His son, Mr. John Pierpont Morgan, is tho residuary legatee, and the will contains bequests amounting to £A,000,000. This does not include tho value of Mr. Morgan's art treasures, iVliich are left to his eon with tho suggestion that ho should so dispose of thein i as to mako tiem permanently available "for tho instruction and pleasure of tha American people." 1 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 tho bequests to charity contained in his will. He expressed tho hope, however, that his son should continue to pay the New York Lying-in- Hospital tho amount ho himself was acoustomcd to pay—namely, *£20,000 a year. Ho also left an annuity of .£SOOO to Dr. James W. Markoe and his wife in recognition of their long friendship and of Dr. Morkoo s devotion of his entire services for ipany years to the Lying-in Hospital. To the Houso of Rest for Consumptives ho bequeaths ; and to the trustees of the estate and property of the Diocesan Convention, of New lork £010,000 to create a trust fund for the ministry of St. George's Protestant Episcopal Church. Another ,£20,01)0 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, A similar amount goes to .each of Mr. Morgan's .tliTeo 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 his wife, Mrs. Prances louisa Tracy Morgan, is bequeathed absolutely as well as tho income from tho trust fund left by the testator's father, which incorno will be augmonted,' if necessary, to yield .£20,000 a year. Mrs. Morgan also receives the use in her lifetime of the country estate at Cragstan, in Orango County, and tho houso in Madison Avenue, New York.

Among tho numerous bequests to employees* aro the following Mrs. Margaret Henderson, housekeeper at Prince's Gate, London, .£SOO per annum; Henry Pendry, butler at Prince's Gate, .£SOO per annum; Mrs.. A. King, housekeeper at Dover House, Roeharupton, S.W., .£250 per annum; J. F. M'Leod, gardener at Roehanjpton, .£250 per annum; Bella da Costa, librarian, tho sum of Ada Thurston, assistant librarian, .£2000; and Captain W. B. Porter, sailing master of tho yacht Corsair, .£3OOO. A year's salary is to be paid to each employeo of the firm of J. S. Morgan and Co., London, at tho timo of the firm's dissolution, and also to cacli employee of the firm of J. P. Morgan and Co.; and to each household servant with not less than five years' continuous service who is not specifically mentioned in the will, ,£2OO.

Tho executors of the estate, with Mr, Morgan's son, aro his sons-in-law and Mr, Lewis Cass Ledyard, one of Mr. Morgan's legal advisers.—"Daily Mail."