University of Virginia Library

William Alexander will:

Mr. perkins then stated to the Board that under the will of William
Alexander, of New York City, a bequest had been made to the University of
Virginia of a one-sixth interest in remainder of the whole residue of Mr.
Alexander's estate, after the death of the daughter of the testator, Mrs.
Francis Alexander Wellman.

Mr. Alexander's will was recently admitted to probate in the Rurrogate's
Court of the County of New York, and in the settlement of the estate we have
been advised that Miss Miriam Sachs, a former Secretary of Mr. Alexander had made
a claim against the estate of $58,677.35, based upon an alleged agreement which she
claimed Mr. Alexander had made with her in the year 1927 to make adequate provisions
so that her income of approximately $4200.00 per year would be maintained
during her life, the figure of $58,677.35 being arrived at upon the basis of Miss
Sachs' expectancy.

We have been further advised by Messrs. Alexander & Keenen, representing
the Exucotors of Mr. Alexander's estate, that an agreement has been reached with
Miss Sachs whereby she will accept the sum of $6500.00 in full compromise of all
claims she may have against Mr. Alexander's estate and the compromise agreement
has been presented to us for execution by the University. We are advised that
Hampden-Sydney College, one of the other residuary legatees under Mr. Alexander's

will, has already executed this same form of consent to settlement and the Endowment
Fund of the Century Association, the third devisee, has assured the Attorneys that it
will also consent thereto. The form of consent which we are requested to sign is presented
herewith, and it is suggested that a copy of this form be filed with the
minutes of this meeting. This consent reads as follows:

(Here Mr. Perkins read the consent.)

It was, thereupon,