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Guggenheim's Will

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Guggenheim's Will

Post by Karen on Mon 30 Apr 2012 - 5:56

WILL OF WEALTHY TITANIC VICTIM.
Mr. Guggenheim's Bequests to New York Charities.

"UNCERTAINTY OF LIFE."

Mr. Benjamin Guggenheim, the New York millionaire banker and mine owner, who perished on the Titanic last April, stated in his will, which has been proved in London, that he made it because he was "conscious of the uncertainty of human existence." His estate in the United Kingdom is valued for probate at 5,468 pounds; but the value of his general estate is not stated.
Mr. Guggenheim left $50,000 to his wife, $10,000 to each of five charitable and other institutions in New York, and $5,000 to each of thirteen similar objects in that city; $75,000 upon trust for each of two sisters and a niece, and $25,000 to each of two sisters-in-law. The residue of the property was left to his wife.
Formerly confidential secretary to General Gordon during his command of the Royal Engineers at Gravesend, Mr. William Edward Lilley, of Manor-terrace, Sheerness, retired civil servant, who died on Oct. 30, aged eighty-three, left estate of the gross value of 845 pounds.
Mr. John Lancaster Shaw, of Torquay and Islington, brewer and yachtsman, who died on Oct. 5, leaving an estate of 121,864 pounds, stated in his will: "I declare that in consequence of the socialistic tendencies of national finance at the present time, I omit the legacies to charities given by my former will."

Source: Lloyd's Weekly News, December 15, 1912, Page 21

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Karen Trenouth
Author of: "Epiphany of the Whitechapel Murders"
Author of: "Jack the Ripper: The Satanic Team"
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