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Show A BANKER WITH A NEW IDEA ABOUT RICH MEN'S WIL'LS ' &. In, tho "Interesting Peoplo" ,de- partmont of tho Septomber American Magazine Ida M. Tarbell writes a sketch of F. IV, Goff, a Cleveland hanker who lias a new idea about rich men's wills, Following 1$ an extract from Mtsa Tarbell's article: "F. H. Goff, president of tho Cleveland Cleve-land Trust Company, a former corporation cor-poration lawyer ot skill and experience experi-ence for several years found hlmsolf in n qunndry. His clients, as a rule wero sensible men, who reflected. Having loft tholr families hs much as they Ihouglit wise, 'and often more, they asked: What shall I do with tho rest, aoft? ' , "And what 'could lib answer? ,'o charity you nnd your' wife 'nro Inter, csted In? Fakes, most ot 'cm, keep-ing keep-ing up the pntipcr habit, was a fro-qucnt fro-qucnt nnd not altogether Just reply. "Vour church? Business ot thoso who uso them to support them. "Nothing you want to cstnbllsh?"l'm not going to ndvcrtlso myself that way. .- - ' , "What could ho, tell tho poor person" per-son" ".Mr. Goff concluded finally that ho was facing a real social need, nnd ho set himself to meet Itl Tho result re-sult of his thinking was a schema both ingenious and niodorn. It was announced on January 3 of this year and Is known ofllcially os Tho Clove-land Clove-land Foundation n Community Trust. "Ilrlefly, Mr. Goff's Ide.'i was a foundation Into which his rich and. troubled friends could dump their residuum nnd dlo with a degree of nssuranco thnt It would be admlnls tored perpetually according to tho needs of the times. "It was ninny months nfter the Idea camo to Mr. Goff thnt ho was nblo to nnnounco It. Ho hnl tho officers of-ficers ana directors of tho Cleveland rust Company to convinco at tho start They accepted tho notion finally, their Idea being that thoy wero to bo both guardians and dlsburscrs of the fund. Mr. Goff Beems not to havo been satisfied with this. Ho felt thnt ho would liko a different class of minds on tho scheme, so ho called In representatives of all tho multitudes of ways of thinking which flourish In, Cleveland. -"And Mr. Goff learned from theso latter two things: Tho first was thnt, however Intelligent and faithful tho Cleveland Trust Company might bo as guardians of the fund, tho public would not bcllovo It disinterested; that Is, that thero must bo other clnsses represented in tho administration adminis-tration of the fund If it was to be most elllclcnt. The second thing that ho learned was that men ot this clnss could novqr senso all tho rqal needs of tho ; community. ;Thoy did not touch misery, olbse enough'. 5 "It took considerable difficult work to convince tho officers nnd directors of tho company ot their Insufllclonoy but thoy finally yielded to Mr. Gort'o Judgment, and ni tho organization or tho foundation now stands tho Trust Company, whilo acting as trustee of tho funds, can 'appoint but two members mem-bers on tho committee of live whleh Is to distribute tho Income Tho other oth-er three members nro appointed: ono by tho mayor, ono by tho presiding Judgo of tho court. whlchscttles1 e& HHHHH tntcs in Cuyahoga county, one by tlio HHHpfl presiding Judge ot the United Stales HHpBH district court for northern. Ohio. "Thrco months nftor tho nnnounco- HHYHfl meiit ot tho Foundation, papers had BBpHJ .10) BBBBj BBJ been executed which would Ultimate; HHVHl ly bequeath $25,000,000 to It! ''"' HMwJ "It may be somo time beroro the Eftfl Income of this money Is at tho dls- Bl pos.'il of the committee. Let us h:lt HHVHJ so; but they are getting ready for HHVHfl It. Tho committee has been npiictn- HHVHfl ted, and its members argue wo'l for HHYHfl a wise distribution." HHVHJ |