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The image shows a collection of newspaper clippings pasted on a page, with handwritten notes. The clippings discuss various bequests and revocations, primarily focused on the estate of Herbert Nathan Straus. Here are the details:

1. Harvard Loses Straus Legacies (Clipping on the top left):

   • Date: April 13, 1933
   • Content: Herbert Nathan Straus's will, filed for probate, initially included bequests totaling $225,000 to Harvard University and $25,000 to the Milton Academy. However, due to new estate taxes, these bequests were revoked, resulting in a loss of $250,000 for Harvard and $25,000 for the Milton Academy.

2. Straus Bequest Revoked (Clipping on the top right):

   • Date: April 13, 1933
   • Content: The will of Herbert Nathan Straus, son of R.H. Macy & Co. co-founder Nathan Straus, was filed for probate. It included a revocation of bequests totaling $225,000 to Harvard and $25,000 to Milton Academy due to increased estate taxes. The estate was valued at $1,000,000.

3. BEQUESTS (Clipping on the bottom left):

   • Date: April 14, 1933
   • Content: The Metropolitan Museum of Art received $30,000 from the will of William Colgate. The New York Zoological Society received $25,000 from the will of Nathan Straus. The will also eliminated several bequests to museums due to increased estate taxes, including $75,000 to Fogg Art Museum, $50,000 to the Metropolitan Museum of Art, and $50,000 to the American Museum of Natural History. Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam were appraised at $1,500,000, and a similar bequest to the Brooklyn Museum was appraised at $1,000,000.

Handwritten notes on the page indicate the dates the clippings were possibly read or pasted: "April 13, 1933" and "April 14, 1933." There is also a note saying "Harold (Boston) Apr 14, 1933."

The overall theme of the clippings is the impact of increased estate taxes on the distribution of bequests from the estates of prominent individuals, particularly focusing on the Straus family.

The image is a collage of newspaper clippings and notes related to the legacies and bequests of Herbert Nathan Straus and other individuals.

1. Top Left Clipping (Headline: "Harvard Loses Straus Legacies")

   • Date: April 13, 1933
   • Details:
     • Herbert Nathan Straus, a testator, revoked $225,000 of his estate on June 1, 1933.
     • Straus was a vice-president of R. H. Macy & Co., and his estate was divided among his widow and three sons.
     • The revocation included bequests to various institutions:
       • Harvard University: $150,000
       • The Federal Government: $130,000
       • The Milton Academy: $25,000
       • Hampton Normal Agricultural Institute: $25,000
       • The Tuskegee Institute: $25,000
       • The New York Zoological Society: $25,000
       • The Metropolitan Museum of Art: $50,000
       • The Museum of Natural History: $75,000
       • The Catholic Big Brothers' League and the Actors' Fund of America: $75,000
       • William Hays Poggendorff Fund: $75,000
     • Straus's estate value was $400,000, and the lost amount is $225,000.

2. Top Right Clipping (Headline: "Straus Bequest Revoked")

   • Date: April 2, 1933
   • Details:
     • Revocation of bequests of $150,000 to Harvard University and $75,000 to the Fogg Art Museum was disclosed.
     • Herbert Nathan Straus' will was filed for probate in New York City.
     • Total philanthropic bequests eliminated from the will: over $900,000.

3. Bottom Left Section (Handwritten Notes and Bequests)

   • Notes by Various Individuals:
     • Date: April 14, 1933
     • Bequests by William Colgate to the Metropolitan Museum of Art: $30,000.
     • Henry Walters' estate also going to the Metropolitan Museum.
     • Bequests by Nathan Straus to the New York Zoological Society: $25,000.
     • Several bequests were eliminated due to codicils, including:
       • $75,000 to the Fogg Art Museum
       • $50,000 to the Metropolitan Museum of Art
       • $50,000 to the American Museum of Natural History
     • Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam: appraised at $25,000, and a similar bequest to the Brooklyn Museum at $25,000.

4. Bottom Right Section (Handwritten Note)

   • Date: May 1933
   • Handwritten note by an individual, likely referring to the specifics of the Straus bequests.

The combination of these documents highlights the changes in Herbert Nathan Straus's estate and the subsequent impacts on various institutions due to the revocation of his bequests.

The image is a collection of news clippings and notes detailing the revocation of certain bequests from the estate of Herbert Nathan Straus, a prominent figure who was vice-president of R. H. Macy & Co. The main points are summarized as follows:

1. Headline Clipping (Top Left Corner):

   • Title: "Harvard Loses Straus Legacies"
   • Date: April 13, 1933
   • Content: The passage of legislation increasing the estate tax led Herbert Nathan Straus to revoke several philanthropic bequests totaling $900,000, effective June 1, 1933. Straus had initially filed for probate on April 13, 1933.
   • Revocations:
     • $225,000 to Harvard University was reduced to $25,000.
     • $150,000 to the Fogg Art Museum was eliminated.
     • $75,000 to the Metropolitan Museum of Art was eliminated.
     • $125,000 to the American Museum of Natural History was eliminated.
     • $25,000 to the Milton Academy was revoked.
     • $100,000 to the Hampton Normal Agricultural Institute was revoked.
     • $25,000 to the Tuskegee Institute was revoked.
     • $50,000 to the William Hayes Pogues Memorial was revoked.
     • $50,000 to the Metropolitan Museum of Art and $75,000 to the Museum of Natural History were also revoked.

2. Straus Bequest Revoked (Top Right Corner):

   • Content: The revocation of a bequest of $150,000 to Harvard University and $75,000 to the Fogg Art Museum was disclosed in the will of Herbert Nathan Straus filed in New York City.

3. Bequests (Bottom Section):

   • Notes by William Colgate: The Metropolitan Museum of Art received $30,000.
   • Notes by Nathan Straus: The New York Zoological Society received $25,000.
   • Museum Bequests: Some bequests to museums were eliminated due to increased estate taxes. Specifically:
     • $75,000 to the Fogg Art Museum.
     • $50,000 to the Metropolitan Museum of Art.
     • $50,000 to the American Museum of Natural History.
   • Artworks: Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam were appraised at $2,500,000, and similar bequests to the Brooklyn Museum were valued at $1,500,000.

The notes and clippings highlight the financial impact of increased estate taxes on the distribution of Straus's bequests to various institutions.

The image shows a newspaper clipping and a handwritten note, both related to the revocation of bequests in the will of Herbert Nathan Straus, dated April 1933.

Newspaper Clipping:

The headline reads "Harvard Loses Straus Legacies" and states that the testator revoked $225,000 on June 1 from the Milton Academy, losing $25,000.

Key Details:

• Date: April 13, 1933
• Source: Associated Press (AP)
• Background: Herbert Nathan Straus, a former vice-president of R.H. Macy & Co., had his estate taxed due to new legislation increasing estate taxes. This led Straus to revoke several bequests totaling $900,000.
• Revocations: Straus revoked bequests to various institutions, including:
  • Harvard University: $150,000
  • The Federation of Jewish Philanthropies: $150,000
  • The New York Zoological Society: $150,000
  • The Milton Academy: $25,000
  • The Hampton Normal Agricultural Institute: $22,000
  • The Tuskegee Institute: $22,000
  • William Hayes Foggs Memorial Hospital: $75,000
  • The Metropolitan Museum of Art: $50,000
  • The Museum of Natural History: $75,000
  • The New York Catholic Big Brothers’ League and the Actors’ Fund of America: $50,000 each

Handwritten Note:

The note at the bottom right mentions the revocation of Straus's bequests, specifically detailing the following:

• William Colgate's will: Metropolitan Museum of Art receives $30,000.
• Nathan Straus's will: New York Zoological Society receives $25,000, but several bequests were eliminated due to increased estate taxes.
• Eliminated Bequests:
  • Foggs Art Museum: $75,000
  • Metropolitan Museum of Art: $50,000
  • American Museum of Natural History: $50,000
• Additional Bequests:
  • Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam and a similar bequest to the Brooklyn Museum.

The note is dated April 14, 1933, from Boston and includes a handwritten signature that is partially visible. The note is written by an individual named "Cromwell."

The image is a newspaper clipping from April 1933 detailing the revocation and redistribution of Herbert N. Straus' philanthropic bequests due to a change in New York state law regarding estate taxes.

Headline:

Harvard Loses Straus Legacies

Subheadings and Key Points:

1. Testator Revoked $225,000 on June 1 - Milton Academy Lost $25,000

   • New York, April 13 (AP): Due to new legislation increasing the estate tax, Herbert N. Straus revoked several philanthropic bequests totaling $900,000 on June 1 of the previous year.

2. Straus Bequest Revoked

   • The revocation included a bequest of $150,000 to Harvard University and $75,660 to the Fogg Art Museum, effective when Straus was bled for probate in New York City recently. Over $800,000 in philanthropic bequests were eliminated.

3. Estate Distribution:

   • Herbert N. Straus, former vice-president of R.H. Macy & Co., divided his estate among his widow and three sons. The value of the estate was not made public.
   • The following bequests were revoked:
     • $150,000 to Harvard University
     • $150,000 to the Federation of Jewish Philanthropies
     • $100,000 to the Hospital for Joint Diseases
     • $25,000 each to the Montefiore Hospital, the Society for the Relief of the Ruptured and Crippled, and the Milton Academy in Milton, Mass.
     • $25,000 to the Hampton Normal Agricultural Institute of Hampton, Va.
     • $20,000 to Tuskegee Normal and Industrial Institute of Tuskegee, Okla.
   • Other bequests included:
     • $25,000 each to the Museum of the City of New York, the Fogg Art Museum at Harvard, the Metropolitan Museum of Art, and the Museum of Natural History.
     • $15,000 to the Metropolitan Museum of Art for the purchase of paintings.
     • $10,000 each to the Brooklyn Museum, the Cathedral of St. John the Divine, the Big Brothers League, and the Actors' Fund of America.

Additional Bequests:

• By the will of William Colgate:

  • The Metropolitan Museum of Art receives $30,000 and part of the residuary estate of Henry Walters also goes to the Metropolitan.

• By the will of Nathan Straus:

  • The New York Zoological Society receives $25,000.
  • Several museum bequests were eliminated due to the shrinking estate value and increased taxes, including $75,000 to the Fogg Art Museum, $50,000 to the Metropolitan Museum of Art, $50,000 to the American Museum of Natural History.

Artworks Bequeathed:

• Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam, valued at over $5,000,000, include a notable piece appraised at $150,000 for the Brooklyn Museum.

The article is dated April 14, 1933, and is from the Herald (Boston).

The image is a document from April 1933, containing two main articles and a small note. The articles discuss the revocation of philanthropic bequests from the wills of Herbert Nathan Straus and Henry Walters.

1. Main Article (Left Side):

   • Headline: "Harvard Loses Straus Legacies"
   • Content:
     • A testator revoked $225,000 on June 1, leaving Milton Academy to lose $25,000.
     • The article discusses the probate of the will of Herbert Nathan Straus, who was vice-president of R.H. Macy & Co. and president of L. Bamberger & Co.
     • Straus's will initially included bequests totaling $900,000 to various institutions, including Harvard University, the Federation of Jewish Philanthropies, the American Museum of Natural History, and several others.
     • A codicil dated June 1, 1932, revoked all these bequests except for a few smaller ones to specific individuals and organizations.
     • The revocation was attributed to the increased estate taxes and the financial difficulties caused by the Great Depression.

2. Second Article (Right Side):

   • Headline: "Straus Bequest Revoked"
   • Content:
     • Revocation of a bequest of $100,000 to Harvard University and $75,000 to the Fogg Art Museum.
     • The revocation occurred when the will of Herbert Nathan Straus was probated.
     • The total value of the philanthropic bequests eliminated from the will exceeds $900,000.

3. Small Note (Bottom Left):

   • Headline: "Bequests"
   • Content:
     • By the will of William Colgate, the Metropolitan Museum of Art receives $100,000, and the residuary estate of Henry Walters also goes to the Metropolitan.
     • By the will of Nathan Straus, the New York Zoological Society receives $25,000, and the American Museum of Natural History receives $50,000.
     • A work bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam has been appraised at $25,000, and a similar bequest to the Brooklyn Museum at $15,000.

The document appears to be a news clipping or a report summarizing significant changes in philanthropic bequests due to financial constraints and increased estate taxes during the early 1930s.

The image shows a scanned copy of a newspaper clipping from the "Harold" (likely intended to be the "Herald") with the title "Harvard Loses Straus Legacies." It discusses how a testator revoked $225,000 on June 1—$50,000 intended for the Milton Academy. The newspaper piece details various revoked philanthropic bequests by the estate of an individual and mentions different institutions and organizations affected by these revocations. The text mentions names like Nathan Straus and Harvard University, along with specific amounts of money and the purposes for which they were intended.

On the right-hand side is a related snippet titled "Straus Bequest Revoked," which mentions the revocation of a bequest of $150,000 to Harvard University and one of $75,000 to the Fogg Art Museum, also due to changes in the will of Herbert Nathan Straus. In total, it notes that over $900,000 in philanthropic bequests has been eliminated from the will.

There are dates written in pencil on both clippings: "Crimson Apr. 21, 1933" and "March 1, 1933," which could indicate when these articles were published or referenced.

This newspaper clipping provides a historical context about the philanthropic giving and revocation from that era, showcasing the impact such decisions could have on institutions that rely on donations and endowments.

This image shows a collection of clippings from various sources concerning the revocation of philanthropic bequests originally intended for several institutions, including Harvard University.

1. The larger clipping on the left, titled "HARVARD LOSES STRAUS LEGACIES," explains that the bequests from the will of Herbert Nathan Straus were revoked. It mentions Straus rescinded philanthropic bequests totaling $225,000 on June 1, with Milton Academy losing $25,000. Harvard was supposed to receive $150,000 and the Fogg Art Museum $75,000, but these were revoked. The article further details that a total exceeding $990,000 in philanthropic bequests were eliminated from his will. Additionally, it lists bequests retained in Herbert Nathan Straus's will, including donations to various social services and funds.

2. Near the top center, there is another brief clipping titled "Straus Bequest Revoked," summarizing that a total of over $990,000 in bequests were removed from the Straus's will, including donations intended for Harvard University and the Fogg Art Museum.

3. Another clipping near the bottom center, titled "BEQUESTS," discusses museum donations from another individual, William Colgate, and other rescinded bequests from the will of Nathan Straus. It lists specific amounts intended for the Metropolitan Museum of Art, New York Zoological Society, and American Museum of Natural History, among others.

4. Handwritten notes on the image include sources and dates for the clippings: "Herald (Boston) April 14, 1933," "Crimson April 21, 1933," and "May 1933."

Altogether, the image is a collection of textual information regarding the revocation of substantial charitable bequests from Herbert Nathan Straus's will and mentions bequests from other individuals to various institutions.

The image shows a page with three newspaper clippings attached to it, all related to the revocation of bequests by Herbert Nathan Straus.

1. The first and largest clipping, titled "HARVARD LOSES STRAUS LEGACIES," is an article dated April 13 from the Associated Press. It discusses the revocation of $225,000 in testator bequests on June 1, with Milton Academy losing $25,000. It mentions that Herbert Nathan Straus revoked philanthropic bequests totaling $900,000 due to changes in estate tax and shrinkage of asset values. The revoked bequests included $150,000 to Harvard University and the Federation of Jewish Philanthropic societies, $25,000 each to Milton Academy, Hampton Normal Agricultural Institute, and the Tuskegee Normal and Industrial Institute. Other revoked bequests included $75,000 to the William Hayes Fogg Museum at Harvard, $50,000 each to the Metropolitan Museum of Art and the Museum of Natural History, $75,000 to the Macy 25-Year Club, and $25,000 each to Catholic Big Brothers' League and the Actors' Fund of America.

2. The second clipping, titled "Straus Bequest Revoked," states that a bequest of $150,000 to Harvard University and $75,000 to the Fogg Art Museum were revoked. It also mentions that a total of over $900,000 in philanthropic bequests was eliminated from the will.

3. The third clipping, titled "BEQUESTS," reports on bequests noted in wills by William Colgate and Nathan Straus. It says the Metropolitan Museum of Art receives $30,000 from Colgate’s will and $25,000 from Straus’s will through the New York Zoological Society. It mentions that several museum bequests were eliminated due to a codicil executed last June because of estate tax increases and value shrinkage. These eliminated bequests included $75,000 to the Fogg Art Museum, $50,000 to the Metropolitan Museum of Art, and $50,000 to the American Museum of Natural History. It also notes art works bequeathed to the Metropolitan Museum of Art valued at $2,500,000 and a similar bequest to the Brooklyn Museum valued at $130,000.

Handwritten notes on the page indicate publication sources and dates: "Herald (Boston) April 14, 1933," "Crimson Apr. 21 1933," and "News News May 1933." The clipping headlines and text focus on philanthropic legacy revocations related to museums, academies, and institutions, primarily involving Herbert Nathan Straus's estate in 1933.

Description of the Image:

The image is a scanned document that appears to be a news article or report detailing the revocation of bequests to various institutions, primarily Harvard University, due to changes in estate tax legislation. The document is dated April 14, 1933, and is titled "Harvard Loses Straus Legacies". Here is a detailed breakdown of its content:

Headline and Subheading:

• Main Headline: "HARVARD LOSES STRAUS LEGACIES"
  • Indicates that Harvard University has lost significant bequests due to legislative changes.
• Subheading: "Testate Revoked $225,000 on June 1—Milton Academy Lost $25,000"
  • Specifies that the revocation occurred on June 1, and highlights two specific losses: $225,000 to Harvard and $25,000 to Milton Academy.

Body of the Article:

1. Introduction:

   • The article explains that the revocation of bequests was due to new legislation increasing estate taxes, which led to a reassessment of the value of assets. This reassessment resulted in the revocation of certain bequests.

2. Details on the Revocation:

   • Herbert Nathan Straus: The will of Herbert Nathan Straus, who was vice-president of R. H. Macy & Co. and president of L. Bamberger & Co. of Newark, divided his estate among his widow and three sons. The value of the estate was not appraised.
   • Revoked Bequests:
     • Harvard University: $150,000
     • Federation of Jewish Philanthropies: $150,000
     • Milton Academy (Milton, Mass.): $25,000
     • Hampton Normal Agricultural Institute (Ala.): $25,000
     • Industrial Institute of Hampton, Va.: $25,000
     • Tuskegee Institute (Tuskegee, Ala.): $25,000

3. Other Revoked Bequests:

   • William Hayes Fogg Museum at Harvard: $7,500
   • Metropolitan Museum of Art: $50,000
   • Museum of Natural History: $75,000
   • The Macy’s 25-Year Club: $25,000 each
   • The Catholic Big Brothers League: $25,000
   • The Actors’ Fund of America: $25,000

4. Additional Bequests Mentioned:

   • William Colgate: By his will, the Metropolitan Museum of Art receives $30,000.
   • Henry Walters: Part of his residuary estate also goes to the Metropolitan Museum of Art.
   • Nathan Straus: The New York Zoological Society receives $25,000.
   • Museums Affected:
     • The Fogg Art Museum at Harvard was to receive $75,000.
     • The Metropolitan Museum of Art was to receive $50,000.
     • The American Museum of Natural History was to receive $50,000.

5. Art Bequests:

   • Artworks bequeathed to the Metropolitan Museum of Art by Colonel Michael Friedsam have been appraised at $500,000, and a similar bequest to the Brooklyn Museum is at $75,000.

Handwritten Notes:

• There are handwritten notes on the document:
  • "Herald (Boston) April 14, 1933" — Indicates the source and date of the article.
  • "Mary 1933" — Likely a notation by someone reviewing or archiving the document.

Visual Characteristics:

• The document appears to be a printed newspaper clipping or a typed report, with some age-related wear, such as slight discoloration and creasing.
• The text is formatted in a typical newspaper style, with clear headings and subheadings.
• The article is concise and focuses on financial and legal details related to estate revocations.

Summary:

The image depicts a news article from April 14, 1933, reporting on the revocation of significant bequests to Harvard University and other institutions due to changes in estate tax legislation. The article details the specific amounts revoked, the beneficiaries affected, and additional bequests from other individuals, such as William Colgate and Henry Walters. Handwritten notes suggest the document was reviewed or archived by someone named Mary in 1933. The overall tone is factual and informative, focusing on financial and legal implications of the revocations.