To his daughter Helen M. Gould he gave in fee-simple absolute the house in which he lived, No. 579 Fifth avenue, and all of the furniture, books, paintings, statuary, silver plate and household contents therein. He also gave to his daughter Helen, until his youngest child shall arrive at age, the use of his residence at Irvington, commonly called Lyndhurst, free of taxes, and of all the furniture, books, paintings and household contents therein, and also the sum of $6,000 per month. The will stated that this was done in the expectation that his minor children, Anna and Frank J., as well as his son Howard, would during the period provided for make their home with his daughter Helen.
The $500,000 to his namesake and grandson, Jay Gould, son of George J. Gould, was to be held in trust by George J. Gould, with authority to apply the same to the support and education of the child, and to pay one-quarter of the same to him at the age of twenty-five, one-quarter at the age of thirty and the remaining half at thirty-five, with power to pay the same at earlier periods in the discretion of his father.
The bequest to his son George J. Gould was in substantially these words:
"My beloved son, George J. Gould, having developed a remarkable business ability, and having for twelve years devoted himself entirely to my business, and during the past five years taken entire charge of all my difficult interests, I hereby fix the value of his services at $5,000,000, payable as follows: Five hundred thousand dollars in cash, less the
