Jasper County Democrat, Volume 8, Number 43, Rensselaer, Jasper County, 27 January 1906 — MARSHALL FIELD’S WILL [ARTICLE]

MARSHALL FIELD’S WILL

It Gives f 8.000.000 for a Museum and f 17,568,000 In Bequest* to Relatives and Friends. Chicago, Jan. 25.—8 y the will of the late Marshall Field, which has been filed In the probate court,' the city of Chicago is ‘made the beneficiary to the extent of 18,000,000, which is to be used for the endowment and maintenance of the Field Columbian museum, upon the express condition that wjfhin ■lx years from the date ot the death of Field there shall be provided for the museum without cost to it a proper site. If within the six years the site has not been provided.the $8,000,000 If to revert to and become part of the residuary estate. In addition to the sum left for the museum various bequests aggregating $17,568,000 are made to relatives and friends of the testator. With these excepltons the entire estate la to be kept intact until one of the two sons nf Marshall Field, Jr., grandsons of the testator, shall have reached the of 50 years. They are now 9 and 12 years of age, respectively. Other bequests for the public are: Chicago Orphan asylum, $25,000; Old People’s Home, of Chicago, $25,000; St. Luke’s liospita, Chicago, $25,000; Presbyterian hospital, Chicago, $25,000.

Bequests are made to many relatives, principally nephews and nieces; to employes of long service, and SIOO,000 additional Is given to be divided among others selected by managers of his dry goods store, for long service, ills widow is well taken care of, getting $1,000,000 and the Field home here, and his daughter in England, Mrs. Beattie, gets $8,000,000. The will contains 12,000 words.