More Money for Colleges.

It looks now as if Harvard were, after all, going to get something out of the Fayerweather will case. At the court on Wednesday the three executors drew up a statement in which they relinquished all their claims as residuary legatees. As this claim amounted to somewhere between $1,000,000 and $1,500,000, their action is of considerable importance to those to whom the money will now go. The executors state that they give the property in trust to various colleges mentioned in Mr. Fayerweather's will. Harvard was not mentioned in the will, but in this apportionment of the residuary estate she is set down for $100,000. The conditions of the gift are that the amount shall be used as a Fayerweather fund for some special purpose, such as the erection of buildings or founding of scholarships, or for whatever end the authorities may consider to be of practical benefit. In any case the use of the money is to be subject to the approval of the trustees of the gift. Harvard is only one of the many colleges that are to benefit by this apportionment. Yale is to receive in addition to the $300,000 left by the will, the sum of $150,000 for the erection of the Fayerweather building; but if the authorities consider the building impracticable, the sum shall be used for general purposes of the college. Other colleges beside Harvard that receive the sum of $100,000 are Union College, University of New York, Rutgers College, Barnard School for Women, and Princeton (which was also not mentioned in the will). Brown, Wesleyan, Trinity, and various other colleges receive $50,000 and under. The Women's Art School of the Cooper Union is to receive $200,000. If after all these bequests there is a residue, Harvard is to have one part out of ten. Yale, Columbia, Princeton, the Women's New York Hospital, and the Presbyterian Hospital are to have the other nine parts.

It is supposed that the executors had always intended to resign their claim to the property. As there is a state law forbidding a man with a family to bequeath more than half of his property to institutions, and as the will provided that $2,100,000 should be given to colleges, etc., Mr. Fayerweather probably entrusted the residuary legacy of some $1,500,000 to the executors with the secret understanding that they should in turn give it to the colleges.

Inquiry was made at the Office but no additional information was secured. The secretary could add nothing to what was published in yesterday's papers, and until President Eliot returns from the West nothing official can be known about the will.