“A copy of the will of the late Mrs. Angeline Gaylord, the mother of Thomas G. Gaylord, of this city, was filed with the County Clerk of Jefferson County yesterday. It was dated at New York, June 26, 1876, and probated before Judge Isaac B. Matson.”
“The instrument states that her personal property consists exclusively in her interest in the estate of her deceased husband, Thomas G. Gaylord, and that the principal has increased and accumulated since his death by the care, skill and management of their only son, Thomas G. Gaylord, who, she states, invested and managed it with great profit to her, without any charge for his services.”
“She also says: ‘He has also, when his own affairs prosperous and his wealth large, heretofore, been generous to me in many things, bearing expenses not legitimately his, and making me presents and otherwise enlarging my means of enjoyment. In view of the difficulty in his affairs, occasioned by an unexpected financial panic, and the great prostration of business now prevailing, and as some recognition of his attention to my affairs and kindness to me personally, I give and bequeath to the trustees hereinafter named for the trusts hereinafter states, the sum and value of $100,000.’ The trust is for the benefit of her son, Thomas G. Gaylord.”
“After paying the above bequest, one-half the remainder, which is said to be a magnificent fortune, goes to her daughter, Mrs. Emma Gaylord Pendleton, and her heirs, and the other half to the trustees as a trust for Thomas G. Gaylord and Mrs. Alice Brannin Gaylord during their lives, or the life of either survivor of the other, on condition that, if Mrs. Gaylord ceases to live with Thomas G. Gaylord as his wife or marries a second husband at his death, the trust, as to her, shall cease. The trustees are to have full powers in the management of the estate, and are not to be held responsible for errors of judgement unaccompanied by fraud or negligence. Out of the principal of the trust fund they are to pay over to Mr. and Mrs. Gaylord, or their survivors, such sums for that purpose only as shall be needed and sufficient to support them in the methods of enjoyment, scale of living and degree of comfort to which they are accustomed, and to support and educate their son1 now living, and any children which may be born to them. On the death of the survivor, the trustees are to pay over the trust fund to their child or to their children, then living, in equal shares.”
“Messrs. William Elden and George B. Bradley, of New York, are appointed trustees and executors.”2
- James Paul Gaylord
- A handsome legacy. (1889, September 18). Cincinnati Commercial Gazette, p. 2.
