Bequest To The Nation
I therefore commend to the Congress that the bequest of Mr. Justice Holmes be not covered into the general fund of the Treasury, but that it be set aside in a special fund at this time, and at a later date be devoted to purposes which will effectively promote the contributions which law can make to the national welfare. Once it is decided that the Holmes bequest be set apart for special use the precise object may await ample deliberation. A select committee of the Congress, acting in collaboration with a committee of the Supreme Court of the United States, will doubtless evolve the wisest uses to which this noble bequest should be put.
Bequest to the Nation
International versions were still printed in the US, but destined for the foreign market. These examples would usually be missing the ratings information, as what may be classed as a PG in the US may be something different in the UK. Sometimes International versions have unique artwork and for this reason can be highly sought after.
Overview: 16 paintings given to the National Gallery of Art by John Hay Whitney and his wife, Betsey Cushing Whitney, including works by Vincent van Gogh, Henri de Toulouse-Lautrec, Henri Matisse, and Georges Braque, were presented in the exhibition. 8 of the paintings were from Mrs. Whitney's 1998 bequest to the museum.
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But it is not at all obvious what Farrer would have wanted to happen. Mentioned occasionally in unread tomes on early 20th-century banking, Farrer is the definition of a footnote in history. He died shortly after the Second World War, aged 85. On his death, he made a very large donation to Eton College. He was a bachelor, living with his two bachelor brothers. His father had collected Italian art and Gaspard left a bequest of Renaissance paintings to the Ashmolean at Oxford.
Historical context provides a better clue as to his motivation. The national debt was in the news when Farrer decided upon his scheme. In 1927, a year before Churchill announced the fund to the press, the Colwyn Report on National Debt and Taxation had called for a doubling of debt payments. The minority report called for payments to be trebled. One academic contributor solemnly recommended that they should be increased by a factor of six.
Farrer, a successful banker, was not naive. There is no reason to think that he lacked political nous. His gift was extremely helpful for the Conservative Party. It gave Churchill a good news story on the national debt close to election time. But, as well as wanting to help Churchill directly, Farrer had a more subtle aim in view.
There was a valid alternative on the legal table. The caretaker trustees suggested that the fund might be made into a permanent charity for the benefit of the nation. By contrast, payment to the Exchequer has caused it to vanish. Sadly, a fund for social purposes has been swallowed up. The government could easily raise 600m in other ways. There was no need for a grab on charitable capital.
Owing to his enormous donation to the school, there is already an Eton boarding house named after Farrer. Alongside Stanley Baldwin, it is likely that Farrer took a flexible view of anonymity. If the fund had become as enormous as planned, Barings could not have kept his role a secret. Farrer must have known that there would be an intense scrutiny of his scheme. It would have all come out, albeit after his death.
Manx National Heritage (Manx Museum and National Trust) is seeking views on the use of a generous bequest from John Donald Collister, a former Colby resident, who left an estate valued in the region of 1million to the Manx nation. 041b061a72