MR PEABODY'S WILL.

Southland Times, Issue 1221, 11 March 1870, Page 3

MR PEABODY'S WILL.

Mb Peabod^'s will has been proved in the Probate Court. The personal property in England is sworn under £400,000. The Illustrated London News gives the following as the main provisions : — "I, George Peabody, gentleman, do make this my last will and testament. Firstly, I direct that my remains shall be sent to my native town ,q£ Danvers, now incorporated by the name of Peabody, in the County of Essex, and Commonwealth of Massachusetts, in that part of the United States of America called NewEngland, and be deposited in that ground

ippropriated to that purpose in * the cemetery of Harmony Grovp, in Salem* in said county (near the Peabody town line), under the direction of my executors hereinafter named. Secondly, I give and bequeath to Henry West, of 22 Old Broad Street, London, £2203, and in. the Hvent of his decease, to his wife Louisa West ; and in the event of Her decease to bis surviving, children. Thirdly, I give and bequeath to Thomas Permau,. of 22 Old Broad Street, London, the sum of £1000, and, hi the event of his decease, to his wife, Annette Emma Per man, and, in the event of her decease, to hi* surviving children* and I empower mv executors to pay the above-named 'legacies within -sir month* after my decease, and free from any tax, duty, or charge -whatever, fourthly, I give and bequeath to the Eight Hon. Lord Stanley ; the American Minister a*: the Court of . St. James' for the time being ; the Right Hon. Sir Stafford' Northoote, Bart. ; Sir Curtis Miranda Lampson, Bart. ; and James Spencer Morgan, Esq., trustees of the Peabody Donation Fund, and tfeeu? successors, trustees of the said fund, the sum of £150,000, upon trust, for -the building of lodging-houses for the laboring poor of London, as defined in my late letters to the said trustees ;. and; I direct that this legacy be considered a part of the second trust, and disposed of in accordance with the Baid trust ; and I direct that my London executors shall, of the said sura of £150,000, pay to said trustees of the Peabody Donation Fund £100,000 on the first Monday of October, a.d. 1873; and the sum of £50,000 at any time during the said year of 1873. „ As this work progresses the labor and responsibility increase, and I therefore deem it essential that another trustee be added, who will have the necessary time, and possess the requisite knowledge of all that may be needed for the successful prosecution of the trust: without assuming to dictate to the trustees, I would mention the name of Charles Reed* Esq., M.P., who is well known to me for his high and most honorable character, as a most suitable person to fill that office. Fifthly, I nominate, constitute, and appoint Sir Curtis Miranda Lampson, of 80 Baton Square, Pimlico, Middlesex, and of. Row-; fant, in the parish of Worth, Sussex, Baronet ; Charles , Reed of Erlsmead House, Hackney, Middlesex, Esq., M.P. ; George Peabody Russell, of Salem, Essex, and State of Massachusetts, United States, Esq.,; R. Singleton Peabody of Rutland, in the State of Vermont, Esq., counsellor ; and Charles W. Chandler, of Zanesville, in the State of Ohio, Esq., counsellor, executors of this my last will and testa--ment, fully authorising said Sir Curtis Miranda Lampson, and said Charles Reed, called my London executors, to act independently of said Q-eorge Peabody: Russell, «aid R. Singleton Peabody, and' said Charles W. Chandler, called my American executors ; and I also authorise my American executors to act o ,indepen4ently of. my said London executors— -th^t, is. to say, my London executors to have full management and control of my personal estate in England, and my" American executors to have full management and control of my real and personal estate in America; but it is my wish' and hope that all my executors, both' London and American, may act together with the utmost harmony for the ? best; , interest of the estate. Sixthly, I direct that all and each of executors aforesaid be exempt and excused from giving bonds to any Court, or Magistrate, or otherwise, for the performance of their duties or offices, as my executors. Seventhly, I give and bequeath to the said Sir Curtis" Miranda Lampson and said Charies Reed, £5000 each for their services: Eighthly, I give and bequeath to the said George Peabody Russell, R. Singleton Peabody, and Charles W. Chandler, my American executors, $5000 each. Ninthly; I ; give and bequeath to the said George Peabody, . Russell, R. Singleton Peabody, and Charlti W. Chandler, all the rest, residue, and of the property, both real and remainder of which t shall be possessed at personal, decease, or which may afterwards come , or fall into my estate upon trust, to sell, exchange, or retain, and the interest accruing on the same to divide semi-" annually (reinvesting the same ia the case of minor children among" the parties named as beneficiaries in the family trust, of which Messrs J. M. Beebe, S. T. Dana, andJ. Endicott Peabody, are trustees, according to the proportions of the sums allotted to each in said trust, or • such . other proportions as I may hereafter pre- . scribe to them, my said - American, executors. In witness whereof, I, the said Q-eorge Peabody, declaring this to be my last will and testament, ■written; on. seven pages of paper, have hereto set my hand and seal, this 9th day of September 1869.— George Peabody." . "-. •