SECURITIES: Will

During his lifetime Patent Attorney John D. Morgan piled up a fortune of between $1,000,000 and $2,000,000. Last week, in Elizabeth, N. J., his last will and testament was filed. His posthumous hedge against waste: neither of his daughters (heirs after the death of their mother) is to receive her share until she has passed a formal examination convincing the trustees she really knows and understands "the principles of sound investment."

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