According to the will of Caroline Peabody of Cambridge, $100,000 will go to the President and Fellows of Harvard College for the purchase of books for the College Library.
The gift was officially recognized in the Probate Court yesterday. Theodora Lyman of Portsmouth, New Hampshire, was named as residuary legatee. The bequest will be known as the Andrew Preston Peabody Fund. The estate under the will, which was drawn in 1915, was estimated at $165,000.
Unfortunately the will specifies that the bequest must be used for books, otherwise the fund might be used to extend the Library hours.