Art: Largest Gift

There is no telling exactly what it will come to, for the touch of years, lawyers and markets upon an estate in liquidation is more often than not a shriveling one. But when it was announced last week that the will of Publisher Frank Andrew Munsey designated the leading U. S. art museum, the Metropolitan in Manhattan, as his residuary beneficiary, it was apparent that art had received its greatest single gift—in dollars—of all time.

Facing a serious deficit in mere administrative expenses, the Metropolitan was unexpectedly assured of the greater portion, surely...

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