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Hokitika Guardian, 22 August 1918, Page 3

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JAMES GORDON BENNETT’S WILL

NEW YORK, July 3. Th will of he lato James Gordon Bennett, owner and publisher of the “New York Herald,’’ who died recently in France, was filed here to-day for probate. Mrs Bennett received an annuity of $50,000 in lieu of her dower rights in all his real estate lioldiugs. An annuity of $50,000 goes to his sister, Jeannette Bell. A corporation is to be created, to be known as the James Gordon Bennett Memorial Home for New York journalists, in memory of the descendants’ father, James Gordon Bennott, who founded the “ Herald.” This corporation will provide and maintain a suitable home for and give pecuniary aid to newspaper men connected with newspapers published in this city. The beneficiaries of this provision are to be nominated and recommended by the proprietors or publishers who employ them. The “ New York Herald ” will be controlled by the James Gordon Bennett Memorial Home for Now York journal-

“It is my desire and will, the announcement says, regarding the disposition of the “Herald,” “that such Memorial Home corporation shall own, and, as soon ns the due administration of my estate shall permit, receive and that it shall hold a* long as practicable all capital stock of the New York Ileram Company and the New York Herald / Company Societe Anonyno Franca iso ” l (controlling the European edition of the “ Herald ”). The corporation is authorised to manage these two companies and to conduct the business and publication of the New York and European editions of the “Herald ” and the “New York Evening Telegram ” “upon the same principles and traditions and with the. same policy | and in the same manner so far as practicable as the same shall be conducted at the time of my death.” The directors of the two “Herald” corporations are directed to manage the business so as to set aside earnings and profits “ sufficient in their judgment to provide for nil possible contingencies j of the business and To maintain the 1 high standard, efficiency, independence, j and wide influence” of the newspaper.-. I The directors are authorised to re-

I duce the selling price of the newsoapers i if desirable, and to make such changes j ! in the cost of advertising ns are con- j 1 sidered necessary. | i Executors of the will are to act as ; directors of the Memorial Home Cor- , , noration and are to receive each 5000 dollars vearlv for this service. The ex- j editors arc Rodman AVnnamnkor, .Tames j Stillman, and Eugene Hk'gins. I The will, dated November 11th, 1.91 fi. • discloses tbe existence of another will under which Mr Bennett’s real and norsonn] pronerty situated in the Republic of France is disposed of.